Sphinx Resources Ltd. (fka DONFF)

[gsfl]

Vancouver, B.C., December 15, 2010 – Mr. David Patterson, Chairman of Donner Metals Ltd. (TSXV-DON), reports that the Company has closed its previously announced $1,150,000 non-brokered private placement. The funds were raised through the issuance of 3,593,750 flow-through shares at a price of $0.32 per share. The shares issued in connection with the private placement are subject to a hold period expiring April 14, 2011.
The Company is undertaking an additional non-brokered private placement in an amount of $1,500,000. The private placement will consist of 4,687,500 flow-through shares at a price of $0.32 per share. The private placement is subject to the approval of the TSX Venture Exchange. Funds raised by way of the non-brokered private placement will be used for exploration of the Matagami Zinc/Copper Project, located in Québec, which is subject to the Option and Joint Venture Agreement with Xstrata Canada Corporation - Xstrata Zinc Canada Division.
ON BEHALF OF THE BOARD OF
DONNER METALS LTD.
“David Patterson” Chairman