Donner Metals Ltd.: Private Placement Totalling $901,595 Closes

VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 04/07/09 -- Further
to the Company's news release dated March 16, 2009, Mr. David
Patterson, Chairman of Donner Metals Ltd. (TSX VENTURE:
DON)(FRANKFURT: D4M), reports that the Company has closed a private
placement totaling $901,595. The funds were raised by the Company
issuing a total of 2,180,500 flow-through ("FT") Units, at a price of
$0.19 per FT Unit, where each FT Unit is comprised of one common
share and one-half of one share purchase warrant, each whole warrant
is exercisable into one common share at a price of $0.25 for two
years; 115,000 FT common shares, at a price of $0.19 per FT common
share; and 3,103,000 non flow-through ("NFT") Units, at a price of
$0.15 per NFT Unit, where each NFT Unit is comprised of one common
share and one share purchase warrant, exercisable into one common
share at a price of $0.25 for two years.
 
The private placements closed in stages, accordingly of the 5,398,500
shares issued, 2,115,000 are subject to a hold period expiring July
24, 2009, 3,000,000 are subject to a hold period expiring July 26,
2009, and 283,500 are subject to a hold period expiring August 1,
2009.
 
Of the 4,193,250 warrants issued, 1,000,000 will expire March 23,
2011, 3,000,000 will expire March 27, 2011, and 193,250 will expire
March 31, 2011. Any shares issued on exercise of the warrants will be
subject to a four month hold period from the closing date of that
portion of the private placement.
 
The Company has undertaken to pay finder fees of $54,096 and to issue
323,910 finder warrants, of which 126,900 will expire March 23, 2010,
180,000 will expire March 27, 2010 and 17,010 will expire March 31,
2010. The finder warrants are exercisable into one common share at a
price of $0.25. Any shares issued on exercise of the finder warrants
will be subject to a four month hold period from the closing date of
that portion of the private placement.
 
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.
 
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.