DON

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES


Donner Metals Ltd. ("Donner" or the "Company") (TSX VENTURE:DON), announces that
it closed today a non-brokered private placement for aggregate gross proceeds of
$200,200 to the Company. The funds of the private placement have been raised
through the issuance of 1,540,000 units of the Company at a price of $0.13 per
unit. Each unit consists of one common share in the capital of the Company and
one common share purchase warrant (the "Units"). Each warrant entitles the
holder to acquire one common share at a price of $0.175 per common share until
March 28, 2016. The securities of the Company to be issued pursuant to the
private placement are subject to a four-month hold period expiring July 29,
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 up to $13,416, and an 8% finder's option representing an aggregate of
103,200 options. Each option is non-transferable and exercisable for one unit at
a price of $0.13 per unit until March 28, 2015. Each underlying warrant for each
such option will be non-transferable.


The aggregate proceeds from the sale of the Units for the private placement will
be used solely for the advancement of the Valmond gold property (the "Property")
in Quebec including the execution of a drilling program. The private placement
is being filed on an expedited basis and is subject to approval by the TSX
Venture Exchange.


Valmond drilling

Donner, in partnership with Midland Exploration Inc. ("Midland"), is pleased to
initiate their first diamond drilling program on the Property. The Property,
currently wholly owned by Midland, consists of 111 claims covering a surface
area of about 62 square kilometres and is located about 50 kilometres west of
the town of Matagami, in Abitibi, Quebec.


The Property covers a segment of more than 15 kilometres along the Bapst fault,
an important gold-bearing structure trending NW-SE that hosts several historical
occurrences with drill intercepts grading 2.3 g/t Au over 4.57 metres and 5.22
g/t Au over 1.55 metre. This structure has seen very little exploration in the
past and the main showing known to date has been traced over a strike length of
more than 300 metres. This gold showing is characterized by an extensive
hydrothermal alteration zone, more than 70 metres wide, and remains open beyond
200 metres vertical depth, where the deepest historical drill hole yielded a
grade of 3.77 g/t Au over 1.50 metre. 


In December 2013, a geophysical program was completed on the Property in
partnership with Midland. This work, which included an induced polarization (IP)
survey totalling 48.1 kilometres as well as a helicopter-borne electromagnetic
VTEM survey totalling about 900 line kilometres, successfully identified several
new high-priority targets located near the Bapst fault and along the strike
extensions of historical gold showings located on the Property (see Donner's
press release dated January 16, 2014).


A drilling program totalling approximately 1,850 metres has been designed to
test significant IP and VTEM targets identified in 2013. This program will also
test the main showing with two drill holes at vertical depths of 275 and 350
metres, i.e. about 100 metres below historical drill hole S86-9 which graded
3.77 g/t Au over 1.50 metre (Source: MRN SIGEOM NTS sheet 32E09; GM46724). The
new geophysical targets to be drill-tested are characterized either by higher
chargeability values, lower resistivity values, or a combination of the two.
They also generally represent isolated anomalies that have never been
drill-tested and are located in a complex structural setting where E-W-trending
structures commonly intersect.


Donner also announces that an independent NI 43-101 Technical Report (the
"Report"), has been submitted to the company and filed on SEDAR on the Property.
The Report, dated March 12, 2014, was prepared according to NI 43-101 guidelines
and was authored by Camille St-Hilaire, P.Geo.


Donner may earn a 50% interest in the Property in consideration of exploration
expenditures totalling $2,500,000, including a firm commitment of $300,000
during the first year of the agreement, and cash payments totalling $250,000
over a period of four years. Donner's commitments for the first year of the
agreement have been fulfilled. Midland will be the project operator for the
duration of this option agreement. 


Update on the finder's fees payable in connection with the previous $1,035,476
oversubscribed non-brokered financing


The Company also wishes to provide a second update on its $1,035,476
oversubscribed non-brokered private placement that closed in two tranches on
February 14 and 21, 2014. The news release announcing the closing of the second
tranche on February 21, 2014 stated that the Company had agreed to pay to
certain finders an 8% finder's option representing an aggregate of 56,800
options, however, the press release should have stated that the Company has
agreed to pay to certain finders finder's an aggregate of options in the
aggregate amount of 72,800. In addition, the news release issued on March 4,
2014, which rectified the aggregate amount of the 8% cash finder's fee that the
Company had agreed to pay to certain finders in relation to such private
placement, stated that the aggregate amount of the cash finder's fee was
$45,834.36. However, the press release should have stated that the Company has
agreed to pay to certain finders finder's fees in the aggregate amount of
$47,754.36.


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 and to explore a roll-up strategy.


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.


Neither the TSX Venture Exchange nor it's 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.


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

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