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Donner Metals Ltd.: Donner Metals Ltd.: $1.0 Million Financing

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^{Published in Business and Finance on Monday, November 24th 2008 at 17:28 GMT by Market Wire}  

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 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.