Donner Metals Ltd.: Mining Journal Outstanding ExplorationAchievement Award Presented to Matagami Team

Donnerstag, 04.12.2008 01:55 von Hugin

VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 12/03/08 --  Mr.
David Patterson, Chairman of Donner Metals Ltd. (TSX VENTURE:
DON)(FRANKFURT: D4M), is proud to report that the Mines and Money
London 2008 conference has awarded the Mining Journal Outstanding
Achievement Award to the Donner Metals and Xstrata Zinc Canada
exploration team.

The award was presented today at the Sixth Annual Mines and Money
London conference by the publishers of Mining Journal, Mining
Communications Ltd., in recognition of its exemplary exploration
success at Matagami - notably the identification and development of
the Bracemac-McLeod zinc-copper volcanogenic massive sulphide zones.
For more information on the award, see the Mines and Money website
(www.minesandmoney.com).

Donner would like to thank Mining Communications Ltd. for its
recognition and SIDEX for its nomination. Donner would also like to
thank the Xstrata Zinc Matagami team members for their hard work and
dedication to the Matagami Project.

The Company also reports that it is undertaking a private placement
in the amount of $786,000. The funds will be raised by the Company
issuing a total of 4,912,500 flow-through units at a price of $0.16
per unit for gross proceeds of $786,000. Each flow-through unit will
be comprised of one flow-through common share and one-half of one
common share purchase warrant (the "Warrant"). Each whole share
purchase Warrant entitles the holder to acquire one additional non
flow-through common share of the Company for a period of two years,
at a price of $0.20.

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