MacDonald Mines Named to 2008 TSX Venture 50(TM)

    TORONTO, June 19 /CNW/ - 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

    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 50(TM) 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.

    %SEDAR: 00004560E

For further information:

For further information: 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

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