Commander Resources Ltd.

Commander Resources Ltd.

December 20, 2007 09:15 ET

Commander Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 20, 2007) - Commander Resources Ltd. (TSX VENTURE:CMD), its staff, management and Board of Directors, would like to wish everyone a healthy and happy holiday season and a very prosperous New Year.

Commander achieved all of its planned project objectives in 2007. We funded four projects - Baffin Gold (Nunavut), Hermitage Uranium (Newfoundland), Bay St. George option (Newfoundland) and Labrador Nickel. Three projects, Olympic-Rob IOCG (Yukon), Omineca Cu-Au (BC), and Cochrane Pond Uranium (Newfoundland) were funded by partners through option agreements. In total four drill programs were operating on projects owned by Commander. Our diversified approach and leverage strategy are working well. Positive exploration results and progress was reported from several of the projects funded this year and we continue to add value to our main assets.

Results from the fall work programs on the Hermitage uranium project and the Labrador Nickel properties have not yet been received so updates have not been reported for some time. We have not received a report from our partners on the Omineca properties in BC or the Cochrane Pond property in Newfoundland as they are still waiting for assays. We expect to have results from all these projects early in the New Year.

We believe that as an early-stage exploration company, the best strategy is to expose shareholders to a broad range of high quality discovery opportunities, while reducing risk, using a combination of aggressive land acquisition, focused projects and good deal-making. In 2008, this strategy will continue with focus on maximizing value from existing assets through focused programs, strategic partnerships or other initiatives.

We are in good financial shape with about $2.3 million in working capital and close to $6 million on a fully-diluted basis.

A current update on our main projects follows. Final budgets and project plans or initiatives for 2008 will be reported as they evolve.

South Voisey's Bay Nickel, Labrador

On the South Voisey's Bay Nickel property, a very detailed geophysical survey was partially completed on known conductors on the Sarah Lake property. Results from this work are awaited. Continuation of the survey work on Sarah Lake as well as adjacent Adlatok, Sally and Sadie properties will re-commence in the early spring with the objective of defining a series of high quality drill targets based on the existing data and the newly-acquired geophysics.

The demand for nickel, the strong underlying fundamentals of the nickel market and the lack of drill-ready and high quality sulphide nickel projects provides us with an excellent opportunity for the right discovery at the right time. We, along with our partners have maintained our property holdings and interests in the South Voisey Bay complex since first acquired following the discovery of Voisey's Bay, waiting for an economic environment such as this to renew aggressive exploration. Please refer to our news releases dated September 13, 2007 and October 15, 2007 for more details.

Hermitage Uranium, Newfoundland

At Hermitage, following encouraging results in the winter and spring drill programs, a summer-fall program focused on trenching, alpha track and soil surveys in the White Bear area to better define the trends that are host to uranium mineralization and identify targets for follow-up drilling. An Induced Polarization (IP) survey was completed on the Troy's Pond area to map the trend that is host to a drill intersection grading 0.045% U3O8 over 4.5 metres. The objective of this work was to better define targets for follow-up drilling. With 26 uranium occurrences and excellent infrastructure benefits, the project continues to have significant value and potential for discovery.

Baffin Gold, Nunavut

In Nunavut, where we are exploring the Baffin Gold Project, two gold deals in 2007 - Newmont buying Miramar and Agnico-Eagle buying out Cumberland - were very significant and positive developments for Commander because the region has gained more recognition and now demonstrates the appetite by major gold companies for large gold projects in the north. This not only helps our marketing efforts, but opens up more opportunities for us to realize significant value from the project.

The objective of our 2007 program was to test gold prospects outside of the main and more advanced Ridge Lake and Malrok zones, both of which are now at the stage where significant drilling is required to move them to the next stage. The goal this year was to assess the inventory of other gold zones and add value to the property package as a whole. We continue to see grade and near-surface potential along this 100+ km belt. We recognize the resource potential of the project and are now assessing strategies for advancing the project more aggressively while minimizing dilution to Commander's shareholders.

Two new discoveries were made this year, further supporting the potential for a "Homestake" type gold system on the property. The first was at the Peninsula prospect (reported on in the October 2nd news release). We stepped out about 5 km to the east from Ridge Lake and hit gold (3.59 g/t gold over 1.27 m) in the "same iron formation" as Ridge Lake. This is significant because the Peninsula hole was a "wildcat" hole and may have discovered a new centre of mineralization. The closest hole is 2 km away. The second discovery, The Hebert trend, was found by prospecting and consists of a 7 km x 2 km corridor of sulphide-bearing quartz veins carrying gold. We only sampled and mapped a very small portion of this but the results (reported in the Company's news release dated November 26th, 2007) are very encouraging and indicate significant gold potential exists in this corridor. We are awaiting the results from till samples on a large part of the area.

On behalf of the Board of Directors,

Kenneth E. 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.

Contact Information