Commander Resources Ltd.

Commander Resources Ltd.

March 29, 2005 09:15 ET

Commander Expands Uranium Property Holdings


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: COMMANDER RESOURCES LTD.

TSX VENTURE SYMBOL: CMD

MARCH 29, 2005 - 09:15 ET

Commander Expands Uranium Property Holdings

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 29, 2005) - Commander
Resources Ltd. (TSX VENTURE:CMD) has added 52 claims to its existing
uranium property holdings in southwestern Newfoundland by entering into
an agreement with a local prospector on the Couteau Lake Property.

The newly acquired claims cover several known uranium showings and
anomalies that are contiguous with and extend to the west from the Blue
Hills Property previously acquired by Commander under an option
agreement reported in Stockwatch on February 22, 2005. Three uranium
showings are situated along a volcanic-sediment contact over a strike
length of one kilometre. This contact runs parallel to a known uranium
bearing granite situated about 200 metres to the north. Two bedrock
samples collected by the Central Electricity Generating Board
Exploration (CEGB - now owned by Cameco Corporation) in 1986 assayed
0.52% and 0.90% uranium. The extent of these showings is unknown due to
the presence of a thin but widespread blanket of glacial till.

Another prospect on the property consists of small outcrops and boulders
reported by previous workers to contain 0.090% to 0.80% uranium. These
uranium occurrences are hosted in felsic volcanics within several 100
metres of an intrusive granite.

About 2 kilometres to the west, previous reports show a soil sample that
assayed 0.32% uranium. Its source is not known but will be examined
during the field season.

Commander may earn a 100% interest in the Couteau lake Property from
prospector Lai Lai Chan over a four year term by making total cash
payments of $60,000, issuing 150,000 shares of Commander and completing
$300,000 in exploration work. Of this, $7,000 in cash and 20,000 shares
of Commander are due on signing of the final option agreement. The first
year expenditure commitment is $40,000. The agreement is subject to a 2%
of Net Smelter Returns Royalty for the vendor with a buy-back of 1% of
the royalty for $1 million. The terms of this agreement are subject to
approval by the Board of Directors and the TSX Venture Exchange.

Shell Canada exploration and CEGBE (Central Electricity, Generating
Board Exploration) who worked on the properties in the early and mid
1980's discovered the uranium occurrences. CEGBE has since been acquired
by Cameco Corp, Canada's largest uranium producer.

Commander plans to complete radiometric surveys on the properties along
with geological mapping, prospecting, trenching and sampling to verify
the historical data. Geophysical surveys will be undertaken where
appropriate. If significant targets are developed, they will be tested
by diamond drilling.

The uranium values, mineralization and technical information reported in
this news release have not been verified by Commander and do not conform
to NI-43-101 reporting requirements.

Bernard Kahlert, P.Eng, V.P. Exploration is the Qualified Person under
NI 43-101 and will be supervising the work on the property.

About Commander Resources Ltd.

Commander Resources Ltd. is a Canadian junior exploration company with a
diversified portfolio of gold, copper-gold and nickel projects across
Canada with focus on a large, emerging new gold district on Baffin
Island. Commander's mission is to generate or acquire quality gold and
base metal opportunities at a low cost and add significant shareholder
value through discovery of mineral deposits, leveraged partnerships,
and/or sale of assets. The company holds an equity position in Diamonds
North Resources Ltd.

On Behalf of the Board of Directors,

Kenneth Leigh, President and CEO

Shares Issued: 30,777,590


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Commander Resources Ltd.
    Cathy DiVito
    Corporate Communications
    (604) 685-5254 or Toll Free in Canada/U.S.: 1-800-667-7866
    (604) 685-2814 (FAX)
    info@commanderresources.com
    www.commanderresources.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this news release.