News Column

MacDonald Commences Drilling in James Bay's Ring of Fire

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The Ring of Fire, located in the James Bay Lowlands, is thought to contain $30-billion to $50-billion worth of minerals and is poised to be North America's first significant source of chromite.

Butler 1, 2 and 4

At the adjacent Butler 4 property, a DPEM geophysical survey (Crone Geophysics) is being completed, after which drill targets will be selected. The Butler 1, 2 and 4 occurrences all share the same stratigraphic assemblage and analogous geology as Butler 3, a characteristic of most of the producing VMS camps in the Canadian Shield (Click here for a map of the Butler Zones).

Administration

Effective February 20, 2013 a total of 5,195,000 stock options were granted to directors, officers, employees and consultants of the Company in accordance with the terms of the Company's incentive stock option plan filed with the Toronto Venture Stock Exchange and approved by shareholders on June 28, 2012. These options are exercisable at a price of $0.10 per share for a period of five years and are subject to a four month and one day hold period as required by the rules of the TSX-V.

The information in this news release has been reviewed and approved by Quentin Yarie, P.Geo., senior Vice President of Exploration of MacDonald Mines Exploration Inc., a qualified person in accordance with Canadian regulatory requirements as set out in NI 43-101.

About MacDonald Mines

MacDonald Mines has steadily moved its exploration forward for 10 years in James Bay's Ring of Fire. The company, under the direction of Hadyn Butler, P.Geo, located and staked what has proven to be highly prospective ground for potential discovery.

This area of James Bay presents a unique opportunity in that the Ring of Fire contains the entire suite of minerals including VMS, nickel, chrome, vanadium, titanium and gold potential. The only other similar region is in the Bushveld in South Africa but this region lacks the copper, zinc and nickel content of James Bay.

MacDonald's exploration team is led by Quentin Yarie, P.Geo and Craig Scherba, P.Geo and supported by key renowned consultants in their respective fields. They include, Jim Franklin, PHD, P.Geo, for VMS, and Larry Hulbert, PHD, P.Geo, for nickel, chrome and vanadium.

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. We seek safe harbour.

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
Senior Vice President, Corporate Development
(416) 364-4986
(416) 364-2753 (FAX)
bnykoliation@macdonaldmines.com

MacDonald Mines Exploration Ltd.
Kirk McKinnon
President & CEO
(416) 364-4986
(416) 364-2753 (FAX)
kmckinnon@macdonaldmines.com
www.macdonaldmines.com





Source: Marketwire


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