Donner Metals Ltd.
TSX VENTURE : DON
FRANKFURT : D4M

Donner Metals Ltd.

December 15, 2010 19:47 ET

Donner Metals Ltd: $1,150,000 Private Placement Closes

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 15, 2010) - Mr. David Patterson, Chairman of Donner Metals Ltd. (TSX VENTURE:DON)(FRANKFURT:D4M), reports that the Company has closed its previously announced $1,150,000 non-brokered private placement. The funds were raised through the issuance of 3,593,750 flow-through shares at a price of $0.32 per share. The shares issued in connection with the private placement are subject to a hold period expiring April 14, 2011.

The Company is undertaking an additional non-brokered private placement in an amount of $1,500,000. The private placement will consist of 4,687,500 flow-through shares at a price of $0.32 per share. The private placement is subject to the approval of the TSX Venture Exchange. Funds raised by way of the non-brokered private placement will be used for exploration of the Matagami Zinc/Copper Project, located in Québec, which is subject to the Option and Joint Venture Agreement with Xstrata Canada Corporation - Xstrata Zinc Canada Division.

ON BEHALF OF THE BOARD OF DONNER METALS LTD.

David Patterson, Chairman

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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