MacDonald Mines Exploration Ltd

Published : June 19th, 2008

Named to 2008 TSX Venture 50(TM)

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Keywords :   Canada | Growth | Market | Oil |

Macdonald Mines


MacDonald Mines Named to 2008 TSX Venture 50TM

Toronto, Ontario �June 19, 2008; MacDonald Mines Exploration Ltd. (TSXV:BMK) (�MacDonald� or the �Company�) is pleased to announce that it has been selected as one of the 2008 TSX Venture 50 Companies.  The TSX Venture 50 are the top 10 companies in each of five major industry sectors (mining, oil & gas, technology & life sciences, diversified industries and clean-tech), based on a ranking formula that includes revenue, return on investment, market cap growth, and trading volume.

�We are very pleased to be recognized as part of the TSX Venture 50," said Kirk McKinnon, President and CEO. "With over 2,100 companies listed on the TSX Venture Exchange we are extremely proud to be included in this ranking amongst quality companies . To be recognized amongst our peers as one of the top 10 companies in our sector truly demonstrates the accomplishment of our Company and the hard work and determination of the entire MacDonald Mines team over the five years that we have been a actively exploring in the James Bay Lowlands of Northern Ontario" .

"We look forward to another year of active exploration, corporate growth and success for our shareholders as we continue to acquire and develop key assets, and maximize the potential for return on those assets. On behalf of the Company and our shareholders, we thank the TSX Venture Exchange for its recognition of MacDonald Mines Exploration."

About the Company

MacDonald Mines is a base-metals exploration company headquartered in Toronto, Ontario,  Canada. The Company currently operates in the James Bay Lowlands of Northern Ontario, and has amassed a land position of over 88,000 hectares in the Sachigo Greenstone Belt, a.k.a �Ring of Fire� area. The Company's common shares trade on the TSX Venture Exchange under the symbol �BMK�

***
For further information please contact:

Brent Nykoliation, Director of Business Development
MacDonald Mines Exploration Ltd., 416.364.7024
 or 
J. Kirk McKinnon, President & CEO
MacDonald Mines Exploration Ltd

Richard Schler, Vice President and CFO
MacDonald Mines Exploration Ltd

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

Forward Looking Statements:

The 2008 TSX Venture 50TM was compiled based on public historical data and is not an invitation to purchase securities listed on Toronto Stock Exchange and/or TSX Venture Exchange. TSX Group Inc. and its affiliates do not endorse or recommend any securities referenced in this ranking. Neither TSX Group Inc. nor its affiliated companies represent, warrant or guarantee the accuracy or the completeness of the information. You should not rely on the information contained in this news release for any trading, business or financial purposes. TSX Group Inc. and its affiliates assume no liability for any errors or inaccuracies in this news release or any use or reliance upon this information.

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Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

MacDonald Mines Exploration Ltd

EXPLORATION STAGE
CODE : BMK.V
ISIN : CA5543243011
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MacDonald Mines is a silver and gold exploration company based in Canada.

MacDonald Mines holds various exploration projects in Canada.

Its main exploration properties are WORTHINGTON, BIG MAC/MACNUGGET, SPIDER #3 (MCFAULD'S LAKE), MCFAULD'S LAKE - MACDONALD and CASSON LAKE / BRUNNE STRINGER in Canada.

MacDonald Mines is listed in Canada and in United States of America. Its market capitalisation is CA$ 2.1 millions as of today (US$ 1.5 millions, € 1.4 millions).

Its stock quote reached its highest recent level on November 22, 1996 at CA$ 7.30, and its lowest recent point on December 09, 2022 at CA$ 0.01.

MacDonald Mines has 60 000 000 shares outstanding.

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Financings of MacDonald Mines Exploration Ltd
11/8/2012Announces Brokered Private Placement
Nominations of MacDonald Mines Exploration Ltd
10/1/2013Appoints Officers
9/13/2013. Announces Resignation of President and CEO
Project news of MacDonald Mines Exploration Ltd
8/11/2009(Mcfauld's Lake - Macdonald)James Bay Property Status and Exploration Update
4/30/2008 Adds to Land Position in James Bay Lowlands; Additional Air...
3/31/2008(Big Mac/macnugget)2,500 Metre Drill Program Underway on Big Mac Property in Ja...
3/13/2008(Big Mac/macnugget)Defines a 20km-Long Zone with Multiple Magnetic and/or Elect...
2/21/2008(Big Mac/macnugget)Intersects 112 Meters Assaying 0.18% Nickel on James Bay Low...
1/21/2008(Big Mac/macnugget) Completes First Phase of Drill Program at McNugget and Join...
Corporate news of MacDonald Mines Exploration Ltd
12/23/2015MacDonald Mines Provides Update on Audit
9/4/2015MacDonald Mines Announces Audit
2/23/2015MacDonald Mines Exploration to Exhibit at the 2015 PDAC Inte...
7/7/2014MacDonald Mines Exploration Announces Results from its Annua...
8/7/2013Announces Fall Drill Program & Results from Spring Explorati...
7/10/2013Announces Results of Annual General Meeting
5/31/2013Announces Proposed Consolidation and Advance Notice Provisio...
5/31/2013Announces Proposed Consolidation and Advance Notice Provisio...
2/21/2013Commences Drilling in James Bay's Ring of Fire
1/9/2013Readies Drill Program on Butler Property in 'Ring of Fire,' ...
9/12/2012VMS Discovery Leads Exploration Program to Larger Target and...
7/20/2011Announces Results of Annual and Special Meeting of Sharehold...
7/4/2011Closes Private Placement with HudBay Minerals and MineralFie...
6/6/2011Announces VMS Assay Results from Butler Lake Project in Ring...
5/10/2011Completes Winter Program at Butler Lake-Assays Pending; Dril...
3/17/2011Initiates Shareholder Rights Plan
2/16/2011Signs Exploration Agreement with Kasabonika Lake First Natio...
9/22/2008Recommences Drilling Program on 5 Project Areas in Ring of F...
6/19/2008Named to 2008 TSX Venture 50(TM)
5/1/2008 with Co-Discoverer of Voisey’s Bay Adds Key Ground in th...
2/15/2008Announces Agreement with MacDonald Mines Exploration Ltd.
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