Donner Acquires From Virginia Mines 100% Interest in the Preissac Nickel-Copper-PGE Property

Donner Metals Ltd. ("Donner" or the "Corporation") (TSX
VENTURE:DON)(FRANKFURT:D4M), is pleased to announce the execution of an arm's
length property acquisition agreement with Virginia Mines Inc. ("Virginia") for
the acquisition of 100% of the Preissac nickel-copper-PGE property. This
property comprises 55 claims with a surface area of about 26 km2 and is located
about 25 km north-west of the town of Malartic, in the Abitibi region of Quebec.
Under the terms of this agreement, Donner will acquire 100% of Virginia's
interest by issuing the equivalent of approximately $100,000 of common shares of
Donner at a price of $0.17 per common share (for a total of 588,235 common
shares), subject to the approval by the applicable regulatory authorities. There
are no cash payments and exploration expenditure commitments forming part of
this transaction. Virginia will receive a 2% Net Smelter Return royalty. No
finder's fee will be paid in connection with the transactions contemplated in
the property acquisition agreement. 


Approximately 1.5 km east of the property, the Marbridge underground
nickel-copper mine produced 774,227 tonnes of ore grading 2.28% nickel and 0.1 %
copper between 1962 and 1968, with four deposits being discovered by prospecting
and surface drilling between 1957 and 1966. Marbridge has been the only nickel
mine in the Abitibi region to date and represents the first nickel sulphide
deposit in Quebec to be associated with komatiitic volcanics. The deposits were
previously operated under a joint venture between Falconbridge Nickel Mines and
Marchant Mining, and are now 100% owned by Royal Nickel Corporation ("RNC"). An
airborne electromagnetic survey was conducted by RNC over the Marbridge property
in January 2014. Results from this survey are being modeled in order to define
potential drill targets (see RNC's Management's discussion and analysis for the
period ending March 31, 2014). 


The property covers a strike length of over 14 km and is comprised of Archean
volcanic rocks (the Malartic and Louvicourt groups) and sedimentary rocks of the
Kewagama group. This area represents the extension of volcanic units found in
the Val d'Or area, which is well known for its many volcanogenic massive
sulphide deposits and gold deposits. The property area includes a sequence of
ultramafic rocks located south of Mainville South regional fault and wedged
between the plutons of La Motte to the north, Preissac to the south and La Corne
pluton to the east. The geology of the area is essentially composed of
komatiites and peridotites, mafic and felsic volcanic rocks. A sedimentary unit
is also observed in places. These lithologies belong to the La Motte-Vassan
Formation, at the base of the Malartic Group. Lithogeochemistry data from
historical drill holes indicate the presence of ultramafic sills. Data from
historical airborne input electromagnetic surveys suggests the presence of
several anomalies coinciding with magnetic sills, which have never been
drill-tested and thus represent potential high-priority targets. 


A few historical drill holes bordering the property yielded interesting nickel
values such as 0.91% Ni over 2.4 m, 0.76% Ni over 6.3 m, and 0.61% Ni over 1.8 m
(Source: Sigeom NTS sheet 32D08; GM15843, 13771 and 13186 respectively). The
property is underexplored and has a strong exploration potential for
nickel-copper-PGE deposits that could be mined by underground methods because of
the presence of 1) a past nickel producer and mineralization intersected in
historical drill holes near the property, 2) lithologies that typically hosts
nickel-copper-PGE deposits, and 3) electromagnetic anomalies. 


An exploration program is planned in 2014 on the property including surface
geological mapping and airborne magnetic and electromagnetic surveys.


About Donner Metals 

Donner is an exploration company focused on the development of mineral
exploration projects in Quebec and on executing a roll-up strategy that includes
the acquisitions of operating mines. The Corporation is committed to a leading
standard of practice with respect to health, safety, community relations and
environmental management. This press release was prepared by Normand Champigny,
eng., acting as Donner's Qualified Person under NI 43-101.


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 Corporation 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 Corporation's business) may be found
under the headings "Risks and Uncertainties" and "Forward-Looking Statements" in
the latest Corporation'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.


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FOR FURTHER INFORMATION PLEASE CONTACT: 
Donner Metals Ltd.
514.286.1665
[e-mail]
www.donnermetals.com