BMK MacDonald Mines Exploration Ltd

NOT FOR DISTRIBUTION TO UNITED STATES OF AMERICA WIRE SERVICES OR DISSEMINATION
IN THE UNITED STATES OF AMERICA


MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK) ("MacDonald" or the
"Company") is pleased to announce that it has closed its previously announced
non-brokered private placement (the "Offering") for total gross proceeds of
$4,658,333, of which $3,619,333 was closed during the second and final tranche.
Insiders to the Company had subscribed for $571,000 in the first tranche.


Pursuant to this Offering, the Company issued a total of 31,505,834
"flow-through" common shares at a price of $0.12 per common share and 7,978,484
common shares at a price of $0.11 per common share. The Company paid finder's
fees in the form of cash compensation of $178,667 and issued 1,508,875
non-transferable compensation options, with each such compensation option
entitling the holder to acquire one common share at a price of $0.12 per share
for a period of 24 months following closing. 


All securities issued pursuant to the Offering are subject to a restricted
period of four months and one day from the date of issuance. The Offering is
subject to receipt of final approval from the TSX Venture Exchange ("TSX-V").


In addition, on April 3, 2012 a total of 3,925,000 stock options were granted to
directors, officers and consultants of the Company in accordance with the terms
of the Company's incentive stock option plan filed with the TSXV and approved by
shareholders on June 28, 2011. These options are exercisable at a price of $0.17
per share for a period of five years and are subject to a four month and one day
hold period as required by the rules of the TSX-V.


About MacDonald Mines Exploration Ltd. 

MacDonald Mines is a mineral exploration company with an established exploration
history in the Canadian Northlands. MacDonald Mines has set upon a strategic
direction of exploration with particular focus on nickel, chrome, copper, zinc,
vanadium and titanium in the "Ring of Fire" area of the James Bay Lowlands of
Northern Ontario. 


With over 9 years of exploration in the James Bay Lowlands, the Company has
systematically acquired quality land positions based on a very precise selection
format that utilizes region-wide interpretations completed by geological
consultant Hadyn Butler, P. Geo. MacDonald is now the second largest landholder
in the Ring of Fire and has a proven track record of environmentally and
socially conscious exploration practices. 


MacDonald Mines exploration focus has been on 3 properties - the Butler, the
Semple-Hulbert and the Sanderson. Recent exploration has been focused on the
Butler property, where the Company has identified seven significant zones of
multi-element mineralization, including copper-zinc VMS systems, vandiferous
titano-magnetite and magmatic nickel sulphides.


The Company has established rapport with First Nation Communities in this
region, which has culminated in the signing of exploration agreements with the
Kasabonika Lake and Webequie First Nations.


More detailed information about the Company is available on the website:
www.macdonaldmines.com.


Cautionary Statement: 

The foregoing information may contain forward-looking statements relating to the
future performance of MacDonald Mines Exploration Inc. Forward-looking
statements, specifically those concerning future performance, are subject to
certain risks and uncertainties, and actual results may differ materially from
MacDonald Mines plans and expectations. These plans, expectations, risks and
uncertainties are detailed herein and from time to time in the filings made by
MacDonald Mines with the TSX Venture Exchange and securities regulators.
MacDonald Mines does not assume any obligation to update or revise its
forward-looking statements, whether as a result of new information, future
events or otherwise. We seek safe harbour.

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