Commander Resources Ltd.

Commander Resources Ltd.

November 23, 2006 08:00 ET

Commander Resources Ltd.: Drilling Commences on the Hermitage Uranium Project

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 23, 2006) - Commander Resources Ltd. (TSX VENTURE:CMD) reports that a diamond drill is on site at the Hermitage Uranium Property and the 3,000 metre drill program has commenced. This is the first ever drilling program on the large property and is intended as a first pass program. A near surface, bulk tonnage deposit averaging 0.10% U3O8 or better is the principal target in this well-located area, close to port, paved highway and power.

Prospecting and surface sampling to date has identified 23 uranium occurrences in this mostly overburden covered area. Thirteen of these were discovered by the Company's prospecting crew since late 2005, seven of which were made with the assistance of the airborne radiometric survey flown in 2006.

The property holdings and rights cover a strike length of more than 100 kilometres over a large Paleozoic sedimentary-volcanic basin in a major structural suture zone intruded and underlain by radiogenic granites. Uranium is hosted mainly by metasediments and metavolcanics.

The initial drill program will focus on testing the stratigraphic and structural controls on uranium mineralization at the Doucette, He-2, Blue Hills Main, ST-129 and Troy's Pond uranium prospect areas. Target priority was set by logistical considerations. Drilling will commence on the westernmost Strickland property containing the ST-129 and Troy's Pond prospects, followed by the Blue Hills Main zone and later to the He-2 and Doucette prospects in the eastern portion of the Hermitage property.

Each of these five prospect areas is large and was outlined using multiple exploration methods. A near continuous veneer of overburden covers the property and most outcrop areas are small and discontinuous. Several holes on each target will lead to a much larger follow-up drilling and ground geological program through 2007 when more is known about the mineralization styles and geological and structural setting.

A brief description of each of the five uranium prospect areas to be drilled as part of the initial program follows:

ST-129 Prospect

The ST-129 Prospect, located on the Strickland Property, contains several bedrock channel samples grading over 0.10% U3O8 over 0.6 to 1.5 metre widths and a wider 6.7 metre width grading 0.05% U3O8. A number of mineralized zones from 2 to 11 metres wide have now been identified over a stratigraphic thickness of about 50 metres. Intermittent outcrop has allowed only partial sampling of the uranium-bearing zones and most zone boundaries are covered by overburden. The uranium mineralization occurs in a contact zone between felsic volcanics and metamorphosed, impure sandstone which was highly altered by hydrothermal processes and extends over a 400 metre strike length. Detailed information is particularly important at ST-129 to understand the relationship between uranium mineralization and hydrothermal alteration. Five or six holes are planned in the initial test.

Troy's Pond

Two small outcrop exposures contain uranium mineralized zones, 2.0 metres and 6.5 metres wide, respectively, separated by about 10 metres of overburden. Values exceeding 0.10% U3O8 were found in channel samples of these exposures. The extent of the mineralized zone along strike is unknown due to the overburden cover and lack of outcrop. About four holes are planned in the initial testing of this prospect and the extension along strike.

Blue Hills Main Zone

Uranium mineralization is hosted by a very fine grained, brecciated and silicified felsic volcanic unit. Channel sampling of small bedrock exposure in 2005 encountered several intervals averaging 0.15% U3O8 over 1.5 metres. The outcrop exposure is on the north limb of a large fold. Radon gas determination using alpha-cup sampling showed a strong anomaly over the Main Zone that is about 200 metres wide and detected a second anomaly, about 150 metres wide, where the south limb of the fold was interpreted to be located. Four to six drill holes are planned at the Main Zone and one or two holes are planned to test the south limb alpha-cup anomaly.

He-2 Prospect

This prospect, in the White Bear River area, returned high uranium assays from numerous angular boulders of metamorphosed impure sandstone with grades ranging from 0.20% to 3.1% U3O8. The boulders were scattered over an extensive, swampy area which produced a strong, 500 metre diameter airborne radiometric anomaly. Alpha-cup sampling revealed a very strong radon gas anomaly extending for about 400 metres. As there is no bedrock exposure here, several holes will be drilled to attempt to locate the source of the uranium bearing boulders and the radon gas anomaly.

Doucette Prospect

Uranium mineralization grading up to 1.3% U3O8 in prospecting samples was discovered in numerous angular boulders at this White Bear River prospect in late 2005. Uranium mineralization is hosted by a sandstone unit that contains biotite-rich bands with trace amounts of magnetite. Ground and aerial magnetic surveying outlined a tightly folded 1.5 kilometre long, 150 metre wide magnetic formation which is immediately up-ice from the uranium bearing magnetic boulders. Radon gas determination using alpha-cup survey methods showed a strong anomaly co-incident with the magnetic signature. A second radon gas anomaly located approximately 300 metres to the south was coincident with a second magnetic horizon. The two magnetic features are part of an eight kilometre long magnetic feature along which four other uranium prospects or radiometric anomalies are located. Six to eight drill holes are planned here to locate the stratigraphic units hosting the uranium mineralization.

Bernard Kahlert, P.Eng. is the Company's Qualified Person under N.I. 43-101 for the Hermitage Project.

About Commander Resources Ltd.

Commander Resources Ltd. is a Canadian junior exploration company that controls one of the largest new gold districts in Canada and a new uranium belt in Newfoundland. Commander's underlying mission is to generate or acquire quality opportunities and add significant shareholder value through discovery of mineral deposits, leveraged partnerships, and/or sale of assets.

On Behalf of the Board of Directors

Bernard Kahlert, V.P. Exploration

Shares Issued: 56,559,044

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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