DON

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE
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Donner Metals Ltd. ("Donner" or the "Company") (TSX VENTURE:DON)(FRANKFURT:D4M),
announces that it closed today the second and final tranche of the
oversubscribed non-brokered private placement announced on February 3, 2014 for
aggregate gross proceeds of $249,276 to the Company. The Company previously
announced on February 14, 2014 it had closed the first tranche of the private
placement for gross proceeds of $786,200 to the Company. The combined gross
proceeds from the first and second tranches of the private placement amount to
an aggregate of $1,035,476. The funds of the second tranche of the private
placement have been raised through the issuance of 2,077,300 units of the
Company at a price of $0.12 per unit. Each unit consists of one common share in
the capital of the Company and one common share purchase warrant. Each warrant
entitles the holder to acquire one common share at a price of $0.16 per common
share until February 21, 2016. The securities of the Company issued pursuant to
the second tranche of the private placement are subject to a four-month hold
period expiring June 22, 2014. 


In connection with the private placement, the Company has agreed to pay to
certain finders a finder's fee of up to 8% in cash, representing an aggregate
amount of $37,844, and an 8% finder's option representing an aggregate of 56,800
options. Each option is non-transferable and exercisable for one unit at a price
of $0.12 per unit until February 14, 2015. Each underlying warrant for each
option will be non-transferable.


The aggregate proceeds from the sale of the units for the private placement will
be used for the advancement of the Valmond gold property in Quebec and for
general working capital purposes, including, without limitation, to explore a
roll-up strategy.


Three insiders of the company participated in the private placement. Kerry
Sparkes, a director of Donner, subscribed for 100,000 units for an aggregate
purchase price of $12,000, resulting in aggregate holdings of 100,000 common
shares, which represents approximately 0.72% of the currently outstanding common
shares of the Company, and 100,000 common share purchase warrants. Assuming the
full exercise of his common share purchase warrants and 10,000 options, Mr.
Sparkes would be holding approximately 1.50% of the then outstanding common
shares of the Company. Normand Champigny, President and Chief Executive Officer
of Donner, subscribed for 208,333 units for an aggregate purchase price of
$25,000, resulting in aggregate holdings of 211,233 common shares, which
represents approximately 1.53% of the currently outstanding common shares of the
Company, and 208,333 common share purchase warrants, the full exercise of which
would result in Normand Champigny holding approximately 2.98% of the then
outstanding common shares of the Company. David A. Johnson, director of Donner,
subscribed for 25,000 units for an aggregate purchase price of $3,000, resulting
in aggregate holdings of 25,000 common shares, which represents approximately
0.18% of the currently outstanding common shares of the Company, and 25,000
common share purchase warrants, the full exercise of which would result in David
A. Johnson holding approximately 0.36% of the then outstanding common shares of
the Company.


The ownership percentages of each of the two new insiders of the Company
resulting from the closing of the first tranche of the private placement
announced on February 14, 2014, Mr. Leo Berezan and Delaware Street Capital
Master Fund, LP ("Delaware Street"), was reduced as a result of the second
tranche of the private placement. Neither Mr. Berezan nor Delaware Street
participated in the second tranche of the private placement. 


Mr. Berezan who acquired 2,000,000 units on February 14, 2014 currently holds
2,000,000 common shares, representing approximately 14.39% of the currently
outstanding common shares, and 2,000,000 common share purchase warrants, the
full exercise of which would result in Mr. Berezan holding approximately 25.16%
based on the Company's currently outstanding common shares. His warrant
certificate provides for a "warrant stopper" clause which restricts Mr. Berezan
from acquiring more than 19.99% of the then outstanding shares, subject to
certain exceptions and compliance with applicable securities laws. He does not
have any present intention to acquire additional ownership of, or control over,
additional securities of Donner. It is the intention of Mr. Berezan to evaluate
its investment in Donner on a continuing basis and such holdings may be
increased or decreased in the future. The address of Mr. Berezan for the
purposes of National Instrument 62-103 - Early Warning System and Related
Take-Over Bid and Reporting Issues is #203-20191 92A Avenue, Langley, British
Columbia V1M 3A5. A copy of Mr. Berezan's Early Warning Report is available on
SEDAR at www.sedar.com.


Delaware Street who acquired 1,083,333 units on February 14, 2014 currently
holds 1,083,333 common shares, representing approximately 7.79% of the currently
outstanding common shares, and 1,083,333 common share purchase warrants, the
full exercise of which would result in Delaware Street holding approximately
14.46% based on the Company's currently outstanding common shares. Its warrant
certificate provides for a "warrant stopper" clause which restricts Delaware
Street from acquiring more than 19.99% of the then outstanding shares, subject
to certain exceptions and compliance with applicable securities laws. Delaware
Street does not have any present intention to acquire additional ownership of,
or control over, additional securities of Donner. It is the intention of
Delaware Street to evaluate its investment in Donner on a continuing basis and
such holdings may be increased or decreased in the future. The address of
Delaware Street for the purposes of National Instrument 62-103 - Early Warning
System and Related Take-Over Bid and Reporting Issues is #27 Hospital Road P.O.
Box 10293, George Town, Grand Cayman, Cayman Islands, KY1-1003. A copy of
Delaware Street's Early Warning Report is available on SEDAR at www.sedar.com.


The private placement was conditionally accepted by the TSX Venture Exchange.

This press release does not constitute an offer to sell, nor is it a
solicitation of an offer to buy, securities. These securities have not been and
will not be registered under the United States Securities Act of 1933, as
amended, or the securities laws of any state, and may not be offered or sold in
the United States or to, or for the account or benefit of, U.S. persons unless
an exemption from the registration requirements of the United States Securities
Act of 1933, as amended, and all applicable state securities laws is available. 


This press release does not constitute an offer to sell or the solicitation of
an offer to buy these securities in the United States or to, or for the account
or benefit of, U.S. persons.


About Donner Metals

Donner is an exploration company focused on the development of mineral
exploration projects in Quebec.


ON BEHALF OF THE BOARD OF DONNER METALS LTD.

"Normand Champigny"

President & Chief Executive Officer

This news release contains forward-looking information within the meaning of
applicable Canadian securities laws. All information other than historical fact
is forward-looking information. Forward-looking information relates to future
events or future performance and is based on Donner's current internal
expectations, estimates, projections, assumptions and beliefs. Forward-looking
information is often, but not always, identified by the use of words such as
"expect", "project", "proposed", "intend", "seek", "anticipate", "budget",
"plan", "continue", "estimate", "forecast", "may", "will", "predict",
"potential", "targeting", "could", "might", "should", "believe" and similar
expressions. Although management considers the assumptions and estimates,
reflected in forward-looking information, to be reasonable, based on information
currently available, there can be no assurance that such information will prove
to be correct. As a consequence, actual results may differ materially from those
anticipated.


Undue reliance should not be placed on forward-looking information which is
inherently uncertain, and subject to known and unknown risks and uncertainties
(both general and specific) and other factors that contribute to the possibility
that the future events or circumstances contemplated by the forward looking
information will not occur or that may cause the actual results, level of
activity, performance or achievements of the Company to be materially different
from those expressed or implied by such forward-looking information. These risks
include, but are not limited to risks associated with general economic
conditions, the actual results of current exploration activities, conclusions of
economic evaluations, changes in project parameters as plans continue to be
refined, future metal prices, financial risks and substantial capital
requirements. Further information regarding certain of these risks (as well as
risks relating generally to the Company's business) may be found under the
headings "Risks and Uncertainties", "Forward-Looking Information" and "Financial
risk factors" in the latest Company's Management's Discussion & Analysis on
www.sedar.com. Readers are cautioned that the foregoing list of factors that may
affect future results is not exhaustive. The forward-looking statements
contained in this news release are made as of the date hereof and Donner does
not undertake any obligation to update publicly or to revise any of the included
forward-looking statements, except as required by applicable law. The
forward-looking statements contained herein are expressly qualified by this
cautionary statement.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Donner Metals Ltd.
514.286.1665
donner@bed-rock.com
www.donnermetals.com

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