Donner Metals Ltd.: $3.2 Million of Debentures Issued

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 06, 2008) - Donner Metals Ltd. (TSX VENTURE: DON)(FRANKFURT: D4M) announces the issuance of debentures totalling $3,200,000. The debentures will bear interest at the rate of 12% per annum and have a two year term; however the Company may redeem all or part of the outstanding principal (and accrued interest) at any time. The debentures will be secured against all of the Company's present and future-acquired assets, on a first ranking priority basis. In addition to the debentures, a total of 1,435,000 bonus shares and 1,610,000 bonus warrants were issued to the debenture purchasers. Each bonus warrant entitles the holder to purchase one additional common share of the Company until June 5, 2010 at a purchase price of $0.38 per share. If the debentures are redeemed on or before June 5, 2009, the expiry date of these warrants will be reduced to June 5, 2009. The bonus shares, and any shares to be issued on exercise of the bonus warrants, are subject to a hold period expiring October 6, 2008. The funds raised through the issuance of the debentures 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), as well as general working capital. 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