Donner Metals Financing Update

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


Donner Metals Ltd. ("Donner" or the "Company") (TSX VENTURE:DON)(FRANKFURT:D4M)
reports that it has amended the terms of the private placement previously
reported on June 24, 2013. Under the amended terms of the private placement, the
Company may raise up to C$3,000,000 through the sale of units in the capital of
the Company (the "Units") at an amended price of C$0.05 per Unit (the "Unit
Price"), and up to C$1,500,000 through the sale of flow-through units in the
capital of the Company (the "FT Units") at an amended price of C$0.06 per FT
Unit (the "FT Unit Price"). Secutor Capital Management Corp., Marquest Capital
Markets and Haywood Securities Inc. (collectively, the "Agents") are acting as
agents for the private placement on a best efforts agency basis. 


Each Unit will consist of one common share in the capital of the Company (a
"Common Share") and one common share purchase warrant (a "Warrant"). Each FT
Unit will consist of one Common Share designated as a "flow-through share" for
purposes of the Income Tax Act (Canada) and one Warrant. Each of the Warrants
comprised in the Units and the FT Units will entitle its holder to acquire one
Common Share at a price of C$0.10 for a period of 5 years from the closing date.
Should the closing price of the Company's Common Shares on the TSX Venture
Exchange be equal to, or above C$0.15, on 20 consecutive business days, the term
of the Warrants will be reduced to 30 days from the 20th day.


The Company has also granted the Agents an option, exercisable in whole or in
part at any time up to the closing date, to sell up to an additional C$3,000,000
of Units at the Unit Price and up to an additional C$1,500,000 of FT Units at
the FT Unit Price. 


The net proceeds from the sale of the Units will be used by Donner to fund its
share of the capital and operating expenditures at the Bracemac-McLeod Mine, for
exploration expenditures at its projects in Quebec, and for other general
corporate and working capital purposes. The gross proceeds from the sale of the
FT Units will be used by Donner to fund exploration expenditures which qualify
as 100% Canadian Exploration Expense at its projects in Quebec. 


The closing of the private placement is subject to the completion of formal
documentation, receipt of all necessary regulatory approvals, including the
approval of the TSX Venture Exchange, and other customary conditions. 


The securities to be sold by the Company will be subject to a four-month hold
period in accordance with applicable securities laws. 


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.


ON BEHALF OF THE BOARD OF DONNER METALS LTD

David Patterson, Chairman

FOR FURTHER INFORMATION PLEASE CONTACT: 
Donner Metals Ltd.
Andrea Magee
604.683.0564
Toll Free: 1-800-909-8311
[e-mail]
www.donnermetals.com