Donner Metals Ltd.: $1,048,000 Financing Closes

VANCOUVER, BRITISH COLUMBIA--(Marketwire - December 11, 2008) -
Donner Metals Ltd. (TSX VENTURE: DON)(FRANKFURT: D4M) reports the
closing of non-brokered private placements totalling $1,048,000.
These funds were raised through the issue by the Company of 3,750,000
flow-through shares at a price of $0.16 per share and 2,800,000 units
at a price of $0.16 per unit. Each unit is 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 until December 8, 2010, at a price of $0.20.
 
The shares issued pursuant to the private placements, and any shares
to be issued on exercise of the warrants are subject to a hold period
expiring April 9, 2009. In connection with the private placements,
the Company paid finder's fees of $15,600 and issued 212,500 finder's
shares.
 
The funds raised by way of the private placement 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 (Xstrata
Zinc).
 
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
 
This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.