CMD Commander Resources Ltd

Commander Resources Ltd. (TSX VENTURE:CMD) ("Commander") reports that it has
sold its remaining 50% interest in the Green Bay Property in Newfoundland to
Maritime Resources Corp. (TSX VENTURE:MAE), in exchange for 5 million shares of
Maritime Resources, as provided in the agreement between the parties dated June
14, 2010. Under that agreement, Commander sold an initial 50% interest in the
property to Maritime Resources for 12 million shares of MAE, certain work
commitments and royalty provisions. Maritime had the option to acquire the
remaining 50% interest in the properties after certain milestones were met and
the issuance of 5 million additional shares.


After completing the transaction and transfer of the property to Maritime,
Commander will hold 17 million shares of Maritime Resources and retain a 2% NSR
royalty on any future production from the property, with the exception of
production from the Orion deposit. These 17 million shares represent 64.15% of
the 26.5 million common shares of Maritime Resources currently issued and
outstanding. Accordingly, Commander will also be filing an updated Early Warning
Report on SEDAR pursuant to National Instrument 62-103, disclosing its increased
equity ownership in Maritime Resources.


The Green Bay property hosts two known deposits: The Hammerdown gold deposit and
the Orion gold deposit. The property is also host to the Lochinvar base
metals/silver zone and several gold and base metal prospects. Since going public
in October 2010 Maritime has completed in excess of $750,000 of work on the
property through geophysical surveys and drilling.


Dave Watkins, Chairman of Commander, states: "With the completion of this
transaction, Commander has made another step in realizing the value from a
non-core asset. This is in keeping with Commander's objective of remaining
focused on exploration and early stage development. Commander and its
shareholders stand to benefit in the future upside through their equity stake
and the royalty."


COMMANDER RESOURCES LTD. is a diversified exploration company that employs
project generation and leverage strategies to develop Canadian resources for
option, sale or joint venture. By employing this strategic approach Commander
plans to systematically enhance shareholder value while managing the risk
associated in exploration and development.


COMMANDER trades on the TSX Venture Exchange under the symbol "CMD". For
additional information, please visit the Company's website at
http://www.commanderresources.com.


On behalf of the Board of Directors,

Eric Norton, President & CEO

Grafico Azioni Commander Resources (TSXV:CMD)
Storico
Da Ott 2024 a Nov 2024

Grafico Azioni Commander Resources (TSXV:CMD)
Storico
Da Nov 2023 a Nov 2024