Commander Resources Ltd.
TSX VENTURE : CMD

Commander Resources Ltd.

July 14, 2008 17:39 ET

Commander Completes First Tranche of Non-Brokered Private Placement Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 14, 2008) - Commander Resources Ltd. (TSX VENTURE:CMD) reports that tranche one of the non-brokered private placements announced on June 18, 2008 has closed for total proceeds of $696,000.

An issuance of 2,767,850 flow-through shares at a purchase price of $0.24 per flow-through share and 150,000 non flow-through units at a purchase price of $0.21 per non flow-through unit occurred on July 10, 2008.

Finders' fees of 7% were paid in cash to the following finders: Canaccord Capital Corp.- $1,680 and National Bank Financial - $352.80. In addition, 10,500 units were issued to Union Securities with respect to finders fees.

All of the securities issued are subject to a four month hold period and may not be traded until November 11, 2008.

On behalf of the Board of Directors,

Kenneth E. Leigh, President & CEO

Shares Issued: 72,909,010

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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