Commander Resources Ltd.
TSX VENTURE : CMD

Commander Resources Ltd.

November 01, 2007 16:38 ET

Commander Completes Non-Brokered Private Placement Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 1, 2007) - Commander Resources Ltd. (TSX VENTURE:CMD) reports that the non-brokered private placement announced on October 4, 2007 and October 22, 2007 has closed for total proceeds of $1,722,500.

An issuance of 4,650,000 flow-through shares at a purchase price of $0.25 per flow-through share and 2,300,000 non flow-through units at a purchase price of $0.20 per non flow-through unit occurred on October 26, 2007. A further issuance of 400,000 flow-through shares at a purchase price of $0.25 per flow-through share occurred on October 31, 2007.

All of the securities issued are subject to a four month hold period and may not be traded until February 27, 2008, and March 1, 2008, respectively.

Finders' fees of 7% were paid in cash to the following finders: Bolder Investment Partners Ltd.- $14,000, PI Financial Corp.- $5,250, Hampton Securities Limited- $2,625, Jennings Capital Inc.- $5,600, Canaccord Capital Corp.- $1,400, Haywood Securities Inc.- $1,680, Dundee Securities Corp.- $3,500, and MAK, Allen & Day Capital Partners- $7,000. In addition, finders' fees of 7% were paid in shares to the following finders: Standard Securities Capital Corporation- 119,000 common shares, Haywood Securities Inc.- 28,000 common shares, and Dundee Securities Corp.- 14,000 common shares. The finders' shares are subject to a four month hold period and may not be traded until February 27, 2008.

Correction Notice

The Company reports a correction to its News Release dated October 15, 2007. The stock options granted to BMK Communications Inc. are exercisable for two years (not one year), subject to the terms of the Company's Stock Option Plan.

About Commander Resources Ltd.

Commander Resources Ltd. is a Canadian junior exploration company with control of one of the largest new gold districts in Canada and a new uranium belt in Newfoundland. The Company also owns several high quality exploration properties that are being explored this year by partners. The Company uses a combination of aggressive land acquisition, focused projects and good deal-making to increase its exposure to success while reducing risk to shareholders.

On Behalf of the Board of Directors,

Kenneth Leigh, President & CEO

Shares Issued: 69,849,660

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

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