Commander Resources Ltd.

Commander Resources Ltd.

March 04, 2008 12:23 ET

Commander Receives Cash and Shares for Despinassy Interest

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 4, 2008) - Commander Resources Ltd. (TSX VENTURE:CMD) reports that it has completed the sale of its 24.5% interest in the Despinassy Project, Quebec to Alto Ventures Ltd. as announced in Commander's news release dated January 10, 2008. Under the terms of the agreement, Commander has received the cash payment of $375,000 and 1,875,000 treasury shares of Alto Ventures. Commander will retain a 1% NSR royalty on 83 claims and 0.25% on the other 30 claims. Alto will have the right to buy-down the NSR on the 83 claims to 0.5% for $500,000.


Commander Resources Ltd. is a junior exploration company focused on gold and base metal exploration in Canada. The strength of Commander comes from a combination of aggressive land acquisition and strategic partnerships to increase exposure to discovery while mitigating risk to the shareholders. Diversification is the cornerstone of Commander's strategy and is reflected in its extensive property portfolio including the main projects, Baffin Island Gold, Hermitage Uranium and the South Voisey's Bay Nickel property.

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 responsibilityfor the adequacy or accuracy of this news release.

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