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Donner Minerals Ltd.: Drilling Underway at Stephens Lake.

Business Editors

VANCOUVER, British Columbia--(BUSINESS WIRE)--March 8, 2004

Mr. Harvey Keats, President of Donner Minerals Ltd., (FRANKFURT:DNL) (TSX VENTURE:DML) is pleased to report that drilling on the Stephens Lake Project in Manitoba is underway. Drilling is focused on ten distinct target areas identified through a 6,200 line kilometre deep penetrating GEOTEM airborne electromagnetic and magnetic survey flown in the fall of 2003.

A $1,000,000 program began in mid-February, consisting of horizontal loop electromagnetic and magnetic ground geophysical surveys and 3,000 metres of drilling in 10 to 12 diamond drill holes.

In previous exploration work on the 4,400 square kilometre Stephens Lake Project, both sulphide iron formation and ultramafic rocks have been separately intersected in diamond drilling. Sulphide iron formation and ultramafic rocks are key ingredients in the Thompson Nickel Belt model.

The Stephens Lake Project is a joint exploration effort by Donner and Falconbridge Limited focused on exploring the Circum-Superior boundary, northeast of Thompson, for magmatic nickel, copper and platinum group element deposits. The Circum-Superior is host to the Thompson Nickel Belt and Falconbridge's Raglan deposits, and is one of the key nickel producing belts in the world.

Donner is earning a 50% interest in the Stephens Lake Project from Falconbridge by spending $5,000,000 over a five year period.

ON BEHALF OF THE BOARD OF

DONNER MINERALS LTD.

Harvey Keats, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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Publication:Business Wire
Date:Mar 8, 2004
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