May 16, 2013, Montreal, Québec: Mr. Harvey Keats, Chief Executive Officer of Donner Metals Ltd. (“Donner” or the “Company”) (TSXV-DON), is pleased to report that production at the anticipated average rate of 3,000 tonnes per day commenced on May 15 at the Bracemac-McLeod Mine located near Matagami, Québec. Donner’s partner and operator, Glencore Xstrata plc (“Glencore Xstrata”), is now processing copper and zinc ore from the new mine following the depletion of ore at their Perseverance Mine. The Bracemac-McLeod Mine is a 65% Glencore Xstrata, 35% Donner joint venture. As operator, Glencore Xstrata is responsible for the execution of all development, production, processing, milling, smelting and refining activities related to the Bracemac-McLeod Mine, as well as the exploration programs conducted on the Matagami Project.
SUPPLEMENTARY INFORMATION
Discovered in 2007 by the Donner and Glencore Xstrata team, the Bracemac-McLeod mine represents a $159 million investment. It is the 12th zinc mine in the Matagami camp. Matagami operations contribute significantly to Québec’s economic development by employing 260 people, directly injecting $27 million into the economy through wages. In addition, the operations create hundreds more indirect jobs via $13.5 million in annual goods and services procurement through 23 mostly Québec-based companies.
The Bracemac-McLeod deposit contains Proven and Probable Mineral Reserves of 3.7 million tonnes grading 9.60% zinc, 1.26% copper, 28.25 g/t silver and 0.43 g/t gold. Inferred Mineral Resources of 2.6 million tonnes grading 8.79% zinc, 1.31% copper, 38.84 g/t silver and 1.06 g/t gold are located in proximity to the Mineral Reserves. The Company is a fully vested partner with Glencore Xstrata in the extensive Matagami base metal camp located in the Abitibi region of Québec. This joint venture partnership covers claims, mining licences and other direct mineral titles comprising six joint ventures (collectively the “Matagami Project”) at either 50%/50% or 65%/35% Glencore Xstrata/Donner joint venture interests respectively. The Matagami Project covers prime volcanic stratigraphy in which high-grade zinc and copper massive sulphide deposits have been discovered and mined since 1963. Additional information is available at sphinxresources.ca.
Robin Adair (VP of Exploration) is a Qualified Person for Donner Metals Ltd and is responsible for the technical information reported in this news release.
ON BEHALF OF THE BOARD OF
DONNER METALS LTD
“Harvey Keats”
Chief Executive Officer
Certain phrases in this news release are “forward-looking statements”. Forward-looking statements are identified by wording such as “anticipated”, “will” and “are expected”. Such statements are: 1) applicable specifically to the Bracemac-McLeod Mine in relation to mining/production rates in context of the current mining plan; and 2) in the context of the timing of future planned exploration activities and results. Such statements also pertain to the completion of the project within context of the budget as defined in the feasibility study completed by Xstrata Canada Corporation – Xstrata Zinc Canada Division (now Glencore Xstrata) and Genivar Limited Partnership in 2010 as posted under the Company’s profile at www.sedar.com. “Forward-looking statements” involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Further discussion of “forward looking statements” and “future oriented financial information” and the risks inherent to mineral exploration and development, in relation to Donner’s activities, can be found on the Company’s website at sphinxresources.ca. The reader is cautioned not to place any undue reliance on any forward-looking statement.