Donner Metals Ltd.: Annual and Special General Meeting

Donner Metals Ltd. ("Donner" or the "Company") (TSX VENTURE:DON)(FRANKFURT:D4M),
reports that it has mailed the notice of meeting and information circular
(collectively, the "Circular") for its annual and special general meeting of
shareholders to be held in Montreal ("2013 AGM") on December 10, 2013.


In addition to the usual corporate matters, three special resolutions will be
considered at the 2013 AGM:




--  approval of the sale of the Company's interests (the "Sale of Interest
    Resolution") in five Matagami joint ventures under an option and joint
    venture agreement with Glencore Canada Corporation (see news release
    dated October 30); 

--  approval of a change of the province (the "Relocation Resolution") in
    which the head and registered office of the Company is situated from
    British Columbia to Quebec; 

--  approval of a consolidation of the share capital of the Company (the
    "Share Consolidation Resolution"). 



Sale of Interest Resolution

The Company has received an offer to purchase its interest in the five joint
ventures it has for total consideration of $2,395,200. Pursuant to the terms of
an option and joint venture agreement, Glencore Canada Corporation ("Glencore")
holds a right of first refusal to purchase the Company's interest in the joint
ventures, which right Glencore has exercised subject to certain closing
arrangements being implemented and conditions satisfied. 


The Company intends to use the proceeds from the Sale of the Company's interests
to repay $1.0 million of the currently outstanding balance of $3.53 million
under the Loan (the "Loan") to Ressources Quebec Inc., a subsidiary of
Investissement Quebec, Societe de developpement de la Baie-James, Capital
croissance PME and Fonds regional de solidarite FTQ Nord-du-Quebec. If the Sale
of Interest Resolution put forward at the 2013 AGM is not approved and the
Company is unable to satisfy its obligations under the Loan or repay the Loan
when due, the Company may not be able to continue as a going concern. This would
put the Company under severe financial hardship and may result in a forced sale
or liquidation of its assets through bankruptcy, for example. The Company
intends to service the remaining outstanding balance of the Loan (that is, $1.53
million owed to Ressources Quebec and $1.0 million owed to the other lenders)
and the interest thereon from cash it will have on hand and from the receipt of,
if, as and when the Company does receive them, any tax receivable that is due
and owing to Company from the Government of Quebec, which includes refundable
tax credits and mining duties refunds.


A Special Committee established by the Company's Board of Directors and the
Company's Board have unanimously determined that the proposed Sale of Interest
Transaction is in the best interest of the Company. Assuming the proposed sale
of Donner's interests in the joint ventures is approved at the 2013 AGM, the
Company intends to begin the process to acquire, explore and develop mineral
exploration properties, with a focus on gold properties, in Quebec. The Company
believes that shareholder support of the proposal is, at this time, the only
pathway for shareholders as a whole to see future value in their shares.


Relocation Resolution

The Company's head and registered office is currently located in Vancouver,
British Columbia. However, as the key management and a majority of the proposed
directors of the Company are resident of the Province of Quebec, the Board of
Directors believes that it is in the Company's best interests to change the
province in which the Company's head and registered office is situated from
British Columbia to Quebec. In addition, the contemplated future activities of
the Company will take place in the Province of Quebec and there are an important
number of Quebec-based shareholders.


Share Consolidation Resolution

This resolution is to effect that, subject to obtaining all required regulatory
and shareholder approvals, the Company's issued and outstanding share capital be
consolidated on the basis of one (1) post-consolidation common share for every
sixty (60) pre-consolidation common shares (the "Share Consolidation"). The
Board of Directors of the Company is of the opinion that the current share
capital structure of the Company is too large for the growth strategy of the
Company and therefore has determined that it would be in the best interests of
the Company to reduce the number of outstanding common shares by way of the
Share Consolidation. 


In order for the Sale of Interest Resolution, the Relocation Resolution and the
Share Consolidation Resolution to be effective, the approval of not less than 66
2/3% of the votes cast by the Shareholders present in person or represented by
proxy at the 2013 AGM must be obtained.


Full details of the three special resolutions have been included in the
Circular. Shareholders of record as of 5:00 p.m. (Eastern Time) on October 21,
2013 are reminded to vote their proxy FOR the resolutions at the 2013 AGM either
in person or by proxy. A copy of the Circular is available under the Company's
profile at www.sedar.com. 


ON BEHALF OF THE BOARD OF

DONNER METALS LTD

David Patterson, Chairman

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.


In particular, this news release contains forward-looking information relating
to, but not limited to, statements with respect to the completion of the
proposed sale of the Company's interest in the joint ventures.


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
heading "Financial risk factors" in the Company's Management's Discussion &
Analysis. 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 its 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.
Montreal
514.286.1665


Donner Metals Ltd.
Vancouver
604.683.0564
donner@bed-rock.com
www.donnermetals.com
(TSXV:DON)
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