Commander Resources Ltd.

Published : December 20th, 2007

Corporate Update

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Commander Resources Ltd.



 Thursday, December 20, 2007
Commander Corporate Update

  News Release: #07-27

Commander Resources Ltd. (CMD-TSX Venture), 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

For further information, please call:
Investor Relations: BMK Communications
Toll Free: 1-877-489-4440

www.commanderresources.com
Email: info@commanderresources.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
 

©2006 Commander Resources Ltd. All Rights Reserved. | Disclaimer
Adnet Communications Inc.

Commander Resources Ltd.

DEVELOPMENT STAGE
CODE : CMD.V
ISIN : CA2005021027
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Commander Res. is a silver and gold exploration company based in Canada.

Commander Res. develops silver, gold, diamonds and uranium in Canada, and holds various exploration projects in Canada.

Its main assets in development are HERMITAGE and BAFFIN ISLAND in Canada and its main exploration properties are NEPISIGUIT-STEWART, OLYMPIC-ROB, LOCHINVAR, ORION GOLD, SABIN, STORM PROPERTY and DESPINASSY in Canada.

Commander Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 9.2 millions as of today (US$ 6.7 millions, € 6.3 millions).

Its stock quote reached its highest recent level on May 24, 1996 at CA$ 1.40, and its lowest recent point on December 18, 2015 at CA$ 0.01.

Commander Res. has 115 300 000 shares outstanding.

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In the News and Medias of Commander Resources Ltd.
3/30/2006Corporate profile
Annual reports of Commander Resources Ltd.
2007 Annual report
2006 Annual report
Financings of Commander Resources Ltd.
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Nominations of Commander Resources Ltd.
6/24/2008Announces Appointment of Director
Project news of Commander Resources Ltd.
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5/17/2013to Acquire 100% Interest in Sarah Lake Nickel Property, Labr...
1/21/2013Reports Progress on Storm Copper Property, Nunavut
9/25/2012Completes 2012 Field Program & Receives Results from Omineca...
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3/29/2012Provides Update on Storm Copper Property Deal
3/27/2012Completes Initial Drill Program at Stump Lake Gold Property
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2/10/2012Identifies Anomalous Gold Zones on Yukon Gold Property
2/8/2012to Commence Initial Drill Program at Stump Lake Gold Propert...
1/31/2012Sells Remaining Green Bay Property Interest to Maritime
1/26/2012(Baffin Island)Outlines Large I.P. Anomaly at Baffin Island Gold Property
12/15/2011(Storm Property)Closes Storm Property Deal
11/24/2011Signs $15 Million Option Agreement on Storm Copper Property
10/13/2011Commences IP Survey on Stump Lake Gold Property, BC
7/22/2011Commences Work on Yukon Gold Property
7/6/2011(Baffin Island)Mobilizes for 2011 Baffin Island Gold Program
6/14/2011Acquires New Gold Property In BC
6/3/2011Options Gold Property in the Yukon
4/13/2011Partner Intersects High Grade Gold in Newfoundland
2/24/2011(Orion Gold)Reports That Drilling Has Commenced on Orion Gold Project
2/16/2011Partner Cuts High Grade Copper at Nepisiguit
9/24/2009(Baffin Island)Discovers New Gold Showings On The Baffin Gold Project, Nuna...
2/24/2009Files 43-101 Technical Report On The Storm Copper Project, N...
11/3/2008(Baffin Island)Awaits Assay Results From Baffin Gold Project
5/30/2008Commissions a 43-101 Technical Report on the Newly Acquired ...
5/9/2008(Rob) Attracts a New Partner to the Olympic-Rob Property, Yukon T...
4/8/2008Commander Acquires High Grade Base Metal Property with Histo...
3/26/2008(Hermitage) Samples 0.17% U3O8 Over 1.15 Metres At Hermitage
2/14/2008(Blue Hills (hermitage)) Earns 100% Interest In The Blue Hills And White Bear Uraniu...
2/4/2008(Hermitage) Extends Uranium Trend On Hermitage
1/21/2008(Strickland (hermitage)) Outlines Drill Targets at Troy's Pond
1/14/2008(Baffin Island) Reaches Agreement to Accelerate Acquisition of 100% of Qimm...
1/10/2008(Despinassy) Sells Despinassy Interest To JV Partner
11/26/2007Durette Drilling Returns High Grade Intersections And A New ...
10/15/2007(South Voisey Bay)Commander and Donner Commence EM Survey on the Sarah Lake Ni...
10/2/2007(Baffin Island)Baffin Project Update - New Mineralized Trend Discovered
9/19/2007(Olympic-rob)'s Partner In The Yukon Reports 1.12% Cu over 5.6 metres fro...
7/4/2007(Olympic-rob)Drilling Commences On Commander'S Olympic-Rob Cu-Au-U Proper...
6/5/2007(Hermitage)Reports Drill Results From Newly Discovered Uranium Minerali...
5/7/2007(Hermitage)Completion of Phase 1 Drill Program: Radiometric Zones Disco...
4/26/2007(Hermitage)Drilling on White Bear Confirms Bedrock Uranium Mineralizati...
4/9/2007(Hermitage)CMD's Hermitage Uranium Exploration Update
Corporate news of Commander Resources Ltd.
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5/2/2016Commander Raises $1 million through Sale of Aston Bay Shares
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10/8/2015Commander Announces Executive Appointment
10/1/2015Commander Resources Announces Executive Appointment
7/21/2015Commander Grants Incentive Stock Options
7/11/2015Commander Amends Option of Glenmorangie Property
7/9/2015Commander Appoints Robert Cameron to the Board
7/8/2015Commander Appoints Robert Cameron to the Board
3/2/2015Geophysical Survey Outlines Strong Conductors on South Voise...
8/15/2013Attains 100% Ownership of South Voisey's Bay Nickel Project
5/28/2013Reports Resource Estimate for 40% Owned Maritime Resources N...
5/6/2013Optionee on Storm Copper Property Completes Public Listing
10/17/2012Defines Drill Targets on its Glenmorangie Gold Property, Yuk...
10/11/2012Optionee Moving Forward on Public Listing
6/27/2012Commences 2012 Field Program
4/27/2012Reports Stump Lake Gold Drill Program Results
9/13/2011Extends Strike Length of Gold Showings at Stump Lake, BC
6/29/2011Commences Work on Storm Copper Property
6/21/2011Partner Expands High Grade Gold Zones at Orion
6/1/2011(Orion Gold)and Maritime Resources Corp.: Exploration and Development Al...
4/8/2011Plans 2011 Exploration Program
4/6/2011Appoints New Vice President of Exploration
7/29/2010Options New Brunswick Properties to Stratabound Minerals
11/19/2009Final Approvals For Anglogold Baffin Farm-In And JV
11/9/2009Samples Up to 442 G/T Gold from New Baffin Prospects
6/4/2009Receives Units of Fjordland as Settlement
3/2/2009Seeks Partner For The Orion Gold Deposit, Newfoundland
12/3/2008Cuts 91.06 G/T Gold Over 1.6 Metres In Channel Sampling On B...
11/13/2008and Bayswater Sell a Royalty on Cochrane Pond to Global Gold...
9/30/2008CMD - Update September 2008
9/5/2008Provides An Update On Exploration Activities
8/14/2008Commences Drill Program on High Priority Nickel Targets in L...
8/1/2008Photos and information available from the Storm Copper prope...
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5/13/2008Commander Leverages Its Base Metal Rights On Baffin Island
5/12/2008Commander Reaches Agreement with Xstrata Nickel to Accelerat...
2/25/2008 Plans Geophysical Survey on Labrador Nickel Properties
2/8/2008Will Be Exhibiting at the 2008, North of 60 Resource Confere...
12/20/2007Corporate Update
10/16/2007BMK Communications
9/13/2007And Donner To Re-Activate The South Voisey's Bay Nickel Proj...
8/15/2007Message from the President and CEO
7/25/2007Is Set To Continue Exploration On The Hermitage Uranium Proj...
7/6/2007Global Gold Uranium Commences Airborne Survey On Cochrane Po...
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