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MacDonald Mines Exploration Limited

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MacDonald Mines Announces Extension to Term of Warrants - Zibb.com

TORONTO, ONTARIO, Nov 03, 2009 (MARKETWIRE via COMTEX) --

MacDonald Mines Exploration Ltd. (TSX VENTURE: BMK) ("MacDonald" or the "Company") announces that it has received approval from the TSX Venture Exchange (the "Exchange") for a two-year extension to the term of issued and outstanding warrants exercisable for a total of 20,312,500 common shares at an exercise price of $0.50 per share (the "Warrants"). The Warrants were issued as part of a private placement that closed on October 29, 2007. Since issuance, none of the Warrants have been exercised and all of the Warrants are outstanding.

As originally issued, these Warrants had a term of two years, expiring on October 29, 2009. MacDonald has extended the term of these Warrants for an additional two years, with the result that they would now expire on October 29, 2011.

About MacDonald Mines Exploration Inc.

MacDonald Mines is a mineral exploration company with an established history in the exploration of gold and base metals. MacDonald has set upon a strategic direction of exploration in the Canadian Northlands, with particular focus on the "Ring of Fire" in James Bay, Ontario, it's joint-venture with Virginia Mines in Quebec and now the LaRonge area in Saskatchewan.

In 2008, MacDonald Mines was ranked second in the TSX Venture 50's Annual Ranking of Top Canadian Mining Companies and trades under the symbol BMK.

More detailed information is available on the website at www.macdonaldmines.com.

Cautionary Statement:

The foregoing information may contain forward-looking statements relating to the future performance of MacDonald Mines Exploration Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from MacDonald Mines plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by MacDonald Mines with the TSX Venture Exchange and securities regulators. MacDonald Mines does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Neither 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 release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Contacts:
MacDonald Mines Exploration Ltd.
Brent Nykoliation
Vice President, Business Development
(800) 818-5442 or (416) 364-4986
(416) 364-2753 (FAX)

MacDonald Mines Exploration Ltd.
Kirk McKinnon
President & CEO
(800) 818-5442 or (416) 364-4986
(416) 364-2753 (FAX)

MacDonald Mines Exploration Ltd.
Richard Schler
Chief Operating Officer & CFO
(800) 818-5442 or (416) 364-4986
(416) 364-2753 (FAX)
info@macdonaldmines.com
www.macdonaldmines.com

SOURCE: MacDonald Mines Exploration Ltd.

mailto:info@macdonaldmines.com
http://www.macdonaldmines.com

Companies: Macdonald Mines Exploration (BMK), Macdonald Mines Exploration (MCDMF)

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MacDonald Mines Announces Proposed Extension to Term of Warrants - Zibb.com

TORONTO, ONTARIO, Oct 27, 2009 (MARKETWIRE via COMTEX) --

MacDonald Mines Exploration Ltd. (TSX VENTURE: BMK) ("MacDonald" or the "Company") announces that it has applied to the TSX Venture Exchange (the "Exchange") for approval to extend the term of issued and outstanding warrants exercisable for a total of 20,312,500 common shares at an exercise price of $0.50 per share (the "Warrants"). The Warrants were issued as part of a private placement that closed on October 29, 2007. Since issuance, none of the Warrants have been exercised and all of the Warrants are outstanding.

As originally issued, the Warrants had a term of two years, expiring on October 29, 2009. MacDonald is proposing to extend the term of these Warrants for an additional two years, with the result that they would expire on October 29, 2011. The extension of the term of the Warrants, as proposed, is subject to the approval of the Exchange.

About MacDonald Mines Exploration Inc.

MacDonald Mines is a mineral exploration company with an established history in the exploration of gold and base metals. MacDonald has set upon a strategic direction of exploration in the Canadian Northlands, with particular focus on the "Ring of Fire" in James Bay, Ontario, its joint-venture with Virginia Mines in Quebec and now the LaRonge area in Saskatchewan.

In 2008, MacDonald Mines was ranked second in the TSX Venture 50's Annual Ranking of Top Canadian Mining Companies and trades under the symbol BMK.

More detailed information is available on the website at www.macdonaldmines.com.

Cautionary Statement:

Contacts:
MacDonald Mines Exploration Ltd.
Brent Nykoliation
Vice President, Business Development
(800) 818-5442 or (416) 364-4986

MacDonald Mines Exploration Ltd.
Kirk McKinnon
President & CEO
(800) 818-5442 or (416) 364-4986

MacDonald Mines Exploration Ltd.
Richard Schler
Chief Operating Officer & CFO
(800) 818-5442 or (416) 364-4986
(416) 364-2753 (FAX)
info@macdonaldmines.com
www.macdonaldmines.com

SOURCE: MacDonald Mines Exploration Ltd.

mailto:info@macdonaldmines.com
http://www.macdonaldmines.com

Companies: Macdonald Mines Exploration (BMK), Macdonald Mines Exploration (MCDMF)

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MacDonald Mines Plans September Drilling Program Based on the Results of the 2009 Summer

Sep 09, 2009 (BAYSTREET NEWSWIRE via COMTEX) --

TORONTO, ONTARIO -- MacDonald Mines Exploration Ltd. (TSX VENTURE: BMK) ("MacDonald" or the "Company") announces that extensive preliminary exploration activity has been completed on the Nielsen-Chisholm Property located NW of La Ronge, Saskatchewan. The program was designed to evaluate numerous high-strength EM conductors indicated by a helicopter-borne VTEM geophysical survey completed in 2008. The focus of the program was to qualify the EM conductors generated by the survey for drill testing. Evaluation of target areas was accomplished through: detailed geological mapping and prospecting; grab sampling of sulphide-bearing rocks; Beep Mat TM and VLF-EM geophysical surveys; and targeted organic soil geochemical sampling.

Numerous High-Priority Targets

Twenty-three high priority conductive anomalies were examined over the course of the summer field season. Many of the conductors were found to be associated with sub-cropping sulphide mineralisation enriched in Cu, Ni, Zn and Ag. The organic soil sampling has successfully allowed discrimination of the conductors by outlining a number of multi-element geochemical anomalies. A minority of the mineralized zones was previously explored in the 1960's but did not obtain the benefit of modern exploration techniques outlined in the release and most of the targets represent new occurrences.

The Company has employed the services of Dr. Larry Hulbert to interpret the soil geochemical and geophysical data. He is a well-known geologist with many years experience in magmatic Ni-Cu-platinoid exploration and was the Geological Survey of Canada commodity expert in this field for many years. Utilizing past practices, Dr. Hulbert has employed proprietary geochemical discrimination tools to interpret the Property soil geochemistry on targets he has identified through interpretation of new Company airborne data, and his own data.

Dr. Hulbert has identified eight highly attractive drill targets on the property. These targets are interpreted to have strong potential for Magmatic sulphide mineralisation (Ni-Cu-Platinum Group Elements) and Volcanogenic Massive Sulphide (VMS) mineralization. A program of diamond drilling will be initiated September 15 over a minimum of eight targets for a total of 2,000m of drilling.

The Company is very pleased with the summer's exploration results and is anxious to drill test targets that have been defined by a combination of geological, geophysical and geochemical methods.

Favourable Geological Setting

The La Ronge area is host to what is known as the "La Ronge Horseshoe", an area related to the La Ronge Greenstone Belt that is known to host a significant number of VMS, gold, and ultramafic hosted magmatic Ni-Cu-PGE deposits. Recent geological mapping completed by the Company has confirmed the presence of exhalative horizons in metavolcanic rocks thought to represent the extension of the "Anglo-Rouyn Horizon". This horizon hosts the former Anglo-Rouyn Cu-Au mine which closed in 1975 and the un-mined Elizabeth Lake Cu-Zn deposit, both of which are classified as VMS-type deposits. Both deposits are associated with laterally extensive exhalative horizons similar to those observed on the Nielsen-Chisholm Property.

About the Nielsen-Chisholm Property

The Nielsen-Chisholm Property is located in the La Ronge District of Saskatchewan, and covers an area of 201 km2.

Robin Chisholm P.Geol of Taiga Consultants Ltd is the qualified person in regard to the technical data contained within this news release and oversees all aspects of the exploration program.

The Company employs currently accepted Quality Control-Quality Assurance practices including insertion of Certified Reference Standards in regard to its sampling and analytical practices and has employed Acme Labs of Vancouver to complete all of its analytical requirements.

Administration

The Board granted the issuance of 1,825,000 stock options on September 8, 2009 to Directors, Officers and Consultants of the Corporation under the terms of an Incentive Stock Option Plan filed with the TSX Venture Exchange and approved by shareholders at the last AGM held on June 11, 2009. The options are exercisable at $0.135 "per share" for a period of 4 years and are subject to a four month hold period from the date of issuance.

About MacDonald Mines

MacDonald Mines is a mineral exploration company with an established history in the exploration of gold and base metals. MacDonald has set upon a strategic direction of exploration in the Canadian Northlands, with particular focus on the "Ring of Fire" in James Bay, Ontario, its joint-venture with Virginia Mines in Quebec and now the La Ronge area in Saskatchewan.

In 2008, MacDonald Mines was ranked second in the TSX Venture 50's Annual Ranking of Top Canadian Mining Companies and trades under the symbol BMK.

WARNING: The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from expectations and projections set out herein.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.


Contacts:

MacDonald Mines Exploration Ltd.

Brent Nykoliation

Vice President, Business Development

(800) 818-5442 or (416) 364-4986

(416) 364-2753 (FAX)



MacDonald Mines Exploration Ltd.

J. A. Kirk McKinnon

President & CEO

(800) 818-5442 or (416) 364-4986

(416) 364-2753 (FAX)



MacDonald Mines Exploration Ltd.

Richard Schler

Chief Operating Officer & CFO

(800) 818-5442 or (416) 364-4986

(416) 364-2753 (FAX)

info@macdonaldmines.com

www.macdonaldmines.com

SOURCE: MacDonald Mines Exploration Ltd.

mailto:info@macdonaldmines.com http://www.macdonaldmines.com

Companies: Macdonald Mines Exploration (BMK), Macdonald Mines Exploration (MCDMF)

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MacDonald Mines Announces Closing of Private Placement Financing for Aggregate Gross Proceeds of

TORONTO, ONTARIO, Sep 10, 2009 (Marketwire via COMTEX) --

MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK) ("MacDonald" or the "Company") announces the closing of a brokered and non-brokered financing for gross proceeds aggregating $2,525,000 through the issuance of 12,625,000 flow through units at $0.20 per flow through unit. Each flow-through unit is comprised of one common share and one-half of one warrant. Each warrant entitles the holder to purchase one common share of the Company at an exercise price of $0.25 for a period of 2 years from date of issuance.

The financing were closed in three tranches.

First Tranche:

A non-brokered private placement involving the issuance of 10,000,000 flow through units. In connection with the non-brokered private placement, the Company paid a finders' fee of $160,000.00

Second Tranche:

A brokered private placement involving the issuance of 2,000,000 flow through units. IBK Capital Corp acted as the brokered agent.

In connection with the private placement, the Company paid compensation to IBK Capital Corp. as follows: A cash commission of 10% of the amount raised ($40,846 including expenses), and 10% of the units sold in the form of broker warrants (200,000 broker warrants). Each broker warrant entitles the holder to acquire one (1) Common Share of the Company at $0.20 per Common Share for a period of four (4) years from the date of issuance.

Third Tranche:

Insiders and related parties subscribed for 625,000 Flow-Through Units.

All securities to be issued in connection with this financing will be subject to a four month hold period from the date of issuance and to final regulatory approval.

The Corporation's primary use of the proceeds will be for upcoming exploration on its Nielsen-Chisholm Property located in the La Ronge District of Saskatchewan, the Assinica Property in Quebec, and its various properties in the McFauld's Lake area of the James Bay Lowlands.

About MacDonald Mines

MacDonald Mines is a mineral exploration company with an established history in the exploration of gold and base metals. MacDonald has set upon a strategic direction of exploration in the Canadian Northlands, with particular focus on the "Ring of Fire" in James Bay, Ontario, its joint-venture with Virginia Mines in Quebec and now the La Ronge area in Saskatchewan.

In 2008, MacDonald Mines was ranked second in the TSX Venture 50's Annual Ranking of Top Canadian Mining Companies and trades under the symbol BMK.

SOURCE: MacDonald Mines Exploration Ltd.

MacDonald Mines Exploration Ltd.
Brent Nykoliation
Vice President, Business Development
(800) 818-5442 or (416) 364-4986
(416) 364-2753 (FAX)
MacDonald Mines Exploration Ltd.
J. Kirk McKinnon
President & CEO
(800) 818-5442 or (416) 364-4986
(416) 364-2753 (FAX)
MacDonald Mines Exploration Ltd.
Richard Schler
Chief Operating Officer & CFO
(800) 818-5442 or (416) 364-4986
(416) 364-2753 (FAX)
info@macdonaldmines.com
www.macdonaldmines.com

Companies: Macdonald Mines Exploration (BMK), Macdonald Mines Exploration (MCDMF)

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MacDonald Mines Exploration Ltd. - BMK Toronto ON CAN

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