Commander Resources Ltd.

Commander Resources Ltd.

June 04, 2007 13:32 ET

Commander Reports Drill Results From Newly Discovered Uranium Mineralization: Hermitage Project, NFLD

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 4, 2007) - Commander Resources Ltd. (TSX VENTURE:CMD) reports assay results for new zones of uranium mineralization intersected in reconnaissance drilling on the He2 and Doucette targets in the White Bear area of the Hermitage property in southern Newfoundland. Values up to 0.11% U3O8 were intersected in two holes at the Doucette prospect and in one hole at the He2 prospect.

At He2, a radon gas anomaly extends for more than one kilometre northeast along-strike from the current drilling. Permissive rock units that host uranium at Doucette extend for several kilometres to the east from the drilled area as indicated by the magnetic pattern.

This round of drilling was targeted on locating/discovering uranium-hosting rock units up-ice from locally derived high-grade uranium boulders in an area of glacial cover with no outcrop exposure. Drill results were not as high grade as the boulders, indicating that substantial opportunity exists to develop both thickness and grade along strike and to discover additional mineralized zones further up-ice from the boulder fields.

The discovery of uranium mineralization at both prospects occurs in iron-rich biotite-bearing host rocks and the intersections have identified key stratigraphic horizons under extensive glacial cover. Iron may have acted as a precipitant for uranium mineralizing solutions passing through permeable host rocks.

At Doucette, many of the higher-grade boulders were strongly magnetic and showed strong deformation and folding characteristics. A detailed ground magnetometer survey was recently completed to identify areas of cross-structures and folds, which may represent thickened and enriched uranium drill targets. Interpretation of this data is underway.

Anomalous values up to 0.02% U3O8 were intersected in the two holes that tested the He1A prospect. The holes were drilled 50 to 150 metres up-ice from uranium bearing boulders. Further up-ice exploration will be required here to fully evaluate the target area.

In addition, numerous 1 to 4 metre thick strata in several other drill holes with anomalous uranium values ranging from 10 to 50 times background values further indicate widespread uranium enrichment in the area.

Tools found effective in targeting near-surface uranium mineralization include radon gas (alpha cup), ground spectrometer, soil and ground magnetic surveys, all of which have shown positive correlation to the uranium zones. The coincidence of these features show extensive trends several hundred metres to kilometres in length that have not been evaluated (please refer to maps on the website) and are open due to lack of coverage. This set of tools has only been applied to very small areas on the large property so expansion of this work will be used in the next program to define target uranium strata more closely.

Areas of complex magnetic patterns that are completely masked by overburden and have no outcrop or boulders can now be evaluated and prioritized using this "tool box." Targets such as He3, He18A and He1 now represent very high quality new targets that require detailed evaluation.

Drill plan maps and sections showing the extent of the anomalies and potentially mineralized trends are on the Company's website at

Selective induced polarization surveys will be completed at Troy's Pond, where previously reported hole SP-06-06 intersected 0.045% U3O8 over 4.3 metres and where pyrite appears to be directly associated with better uranium mineralization.

Significant uranium values in drill core at Doucette and He2 are shown in the table below.

Prospect DDH # From - To Interval Length % U3O8 lb/ton U3O8
He2 WBR-07-01 64.0 - 64.35 0.35m 0.024 0.5
He2 WBR-07-16 22.6 - 22.8 0.20m 0.10 2.0
Doucette WBR-07-09 15.0 - 15.4 0.40m 0.10 2.0
Doucette WBR-07-10 191.6 - 192.0 0.40m 0.11 2.2
Doucette WBR-07-13 16.5 - 16.8 0.30m 0.04 0.8

In anticipation of further drilling at Hermitage, the drill rig used for this program was left onsite. All drill data is being integrated with surface results to determine the best methods to target follow-up drilling.

Commander Resources Ltd. is pleased to announce that the White Bear uranium drill program has been approved for funding under the Junior Exploration Assistance Program offered by the Department of Natural Resources, Government of Newfoundland and Labrador. The grant reimburses 50% of eligible costs to a maximum of $100,000. Commander Resources wishes to thank the Department of Natural Resources for this contribution.

The recently completed drill program was designed to assess the main geological and structural controls of five target areas: Troy's Pond, ST-129, Blue Hills Main, He2 and Doucette (see Company's news release dated November 23, 2006). Troy's Pond and ST-129 were drilled in late 2006 (results reported in a Company news release dated February 2, 2007) and the Blue Hills Main target was drilled earlier in the winter (results reported on April 9, 2007). An additional target, He1A was added late in the program.

The Hermitage Project is well located with major highway and power line access through uninhabited barren lands near the south coast of Newfoundland. The port of Burgeo is located 30 kilometres to the south.

Samples were sent to ACME Analytical Laboratory (Vancouver, BC) where they were analyzed using 1DX Multiple Element ICP methods. Values greater than 0.24% U3O8 are assayed by methods 7TD using 4-acid digestion with ICP-ES analysis. All uranium values expressed in U3O8 are calculated from uranium analyses received from ACME Analytical Services and reported in ppm U. Select samples will be sent to SRC in Saskatoon for check assay.

Bernard Kahlert, P.Eng is the Company's Qualified Person under regulatory authorities N.I. 43-101 in respect of this project and has reviewed and approved the contents of this news release.

On Behalf of the Board of Directors,

Bernard Kahlert, V.P. Exploration

Shares Issued: 62,150,325

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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