Donner Metals Ltd.: $1.0 Million Financing

Dienstag, 25.11.2008 01:25 von Hugin

VANCOUVER, BRITISH COLUMBIA--(Marketwire - November 24, 2008) - Mr.
David Patterson, Chairman of Donner Metals Ltd. (TSX VENTURE:
DON)(FRANKFURT: D4M), reports that the Company is undertaking a
non-brokered private placement in the amount of $1,000,000. The funds
will be raised by the Company issuing a total of 6,250,000
flow-through common shares at a price of $0.16 per share for gross
proceeds of $1,000,000.

The funds raised by way of the financing will be used for exploration
of the Matagami Zinc/Copper Project, located in Quebec, which is
subject to the Option and Joint Venture Agreement with Xstrata Canada
Corporation - Xstrata Zinc Canada Division.

Fees and commissions will be payable in connection with the private
placement. The private placement is subject to the approval of the
TSX Venture Exchange.

ON BEHALF OF THE BOARD OF DONNER METALS LTD.

David Patterson, Chairman

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.


Contacts:
Donner Metals Ltd.
David Patterson
Chairman
(604) 683-0564 or Toll Free: 1-800-909-8311
(604) 602-9311 (FAX)
Email: donner@bed-rock.com
Website: www.donnermetals.com


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