Growth in commercial finance operations.

Armada Mercantile Ltd., (Symbol: CSE: ARM and OTC: AAMTF) would like to provide a update to shareholders regarding its commercial finance operations.

Monthly Activity: March reached a record month in total outstanding invoices for the “high margin” invoice portfolio, which totaled $9,441,259.39. During the month invoice collections were robust at US$5,859,670.92 and total discount fee income was approximately US$170,000.00.

For more information pertaining to Armada Mercantile Ltd., visit: www.armadamercantile.com.