MacDonald Mines Closes Private Placement

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES 

MacDonald Mines Exploration Ltd. (the "Company") (TSX VENTURE:BMK) announces the
closing of its over-subscribed brokered private placement offering of securities
(the "Offering") raising gross proceeds of $2,822,750 through the sale of
flow-through units (the "FT Unit"). Marquest Asset Management Inc. led the
syndicate of sub-agents, which included Casimir Capital Ltd. The offering price
("Offering Price") was $0.075 per FT Unit.


Each FT Unit consists of one flow-through common share of the Company and
one-half of one common share purchase warrant (the "Warrants"). Each whole
Warrant entitles its holder to purchase one non-flow through common share at a
price of $0.15 per share for a period of eighteen months from the date of issue
of the FT Unit.


In connection with the Offering, the Company paid finders' fees of 6.5% of the
gross proceeds raised by the Agent and issued non-transferable compensation
options ("Compensation Options") in the amount of 6.5% of the aggregate FT Units
raised by the Agent. Each Compensation Option is exercisable to acquire one
common share and one half of one common share Warrant at a price of $0.065 per
share for a period of eighteen months from the date of issue. Insiders of the
Company subscribed for $133,000, on the same terms as arm's length investors. 


The net proceeds of the sale of Units will be used to fund exploration programs
on its Ontario properties. The next exploration program consisting of
approximately 3,000 meters of drilling is scheduled for early 2013 on the
Company's Butler property.


All securities to be issued in connection with the Offering are subject to a
hold period of four month and one day from the date of issuance. Closing of the
Offering is conditional on the receipt of all required regulatory approvals,
including the approval of the TSXV.  


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


Cautionary Statement: We seek safe harbour.

FOR FURTHER INFORMATION PLEASE CONTACT: 
MacDonald Mines Exploration Ltd.
Brent Nykoliation
Vice President of Business Development
[phone]
[phone] (FAX)
[e-mail]


MacDonald Mines Exploration Ltd.
Kirk McKinnon
President & CEO
[phone]
[phone] (FAX)
[e-mail]
www.macdonaldmines.com