Mr. Eric Norton of Commander reports

GEOPHYSICAL SURVEY OUTLINES STRONG CONDUCTORS ON SOUTH VOISEY'S BAY NICKEL PROJECT

Geophysical interpretation of final results from Commander Resources Ltd. and Fjordland Exploration Inc.'s electromagnetic survey completed in late 2014 has outlined several strong conductive sources in the Sandy nickel target area. The South Voisey's Bay (SVB) nickel-copper-cobalt property is located in Labrador, 80 kilometres south of the operating Voisey's Bay nickel mine. The 180-square-kilometre SVB property covers the large Pants Lake Gabbro complex which is of similar age and composition as the host rocks of the giant Voisey's Bay deposits. Fjordland has an option to earn a 75-per-cent interest in the SVB property (see Oct. 2, 2014, and Dec. 17, 2014, news releases).

Previous drilling on the SVB property has encountered numerous nickel sulphide intersections grading 1 to 2 per cent nickel, including a 1.1-metre interval assaying 11.7 per cent nickel and 9.7 per cent copper. An extensive data review of previous work was able to identify several key target areas which are considered to have a high probability of hosting large nickel sulphide deposits.

The 2014 UTEM electromagnetic survey completed in November, 2014, covered 22.3 line kilometres both inside and outside a large loop to measure both horizontal and vertical conductors. The program is considered a success as the geophysical anomalies detected are considered by both companies' geologists to be of a size, strength and location to be sourced by nickel sulphide mineralization.

The Sandy anomaly is sourced by an extremely strong, subhorizontal conductive body approximately 350 metres by 400 metres in size, elongated north-northwest. The conductive source may extend to depth, which cannot be determined by this UTEM survey. This body is separated into two lobes, possibly by a fault along the long axis, with two-thirds in the western lobe and one-third in the eastern lobe. The conductivities of the Sandy source lobes are intense and could be caused by a massive, or semi-massive, flat-lying nickel sulphide bodies similar to the ovoid at Voisey's Bay. The eastern boundary of the Sandy conductor is situated within 100 metres of the 500-metre-wide Worm gabbro, which is a large, 10-kilometre-long, steep easterly dipping dike-like body. From previous drilling, nickel sulphides are known to occur within the Worm gabbro, so this could act as a feeder source of nickel for the Sandy conductor. Magnetic surveying shows a moderate magnetic response associated with the eastern lobe while variable highs and lows are at the western lobe.

In general, magnetic response of nickel sulphides are very low in South Voisey's Bay drill core, even at grades approaching 2 per cent nickel, indicating a low magnetic nickel sulphide assemblage on the property. Very high-grade nickel (plus-10 per cent Ni) shows moderate to strong magnetic response, likely due to magnetite.

A minimum of two 200-metre-deep drill holes are planned to test the Sandy conductors and possible depth extensions.

A second group of four subparallel conductors located one kilometre to the north are closely associated with the Worm gabbro body. These conductors, named Sandy North, are dipping steeply to the north and two of the four are situated exactly on the footwall contact of this wide gabbro body. This is the classical position of nickel footwall deposits, so there is a strong likelihood these conductors are sourced by conductive nickel sulphide mineralization. These conductors are 300 and 150 metres in strike linear extent, separated by about 100 metres, along the strike direction of the gabbro contact. Both conductors are coincident with magnetic highs.

A third, 300-metre-long conductor is situated well within the Worm gabbro, 150 metres to the north. As this conductor also strikes parallel to the gabbro contact, there is strong possibility it is sourced by a lense of nickel sulphides. A moderate strength magnetic high is coincident with this conductor. Hangingwall (inside) nickel sulphides are known elsewhere, including Voisey's Bay but are less common than footwall deposits.

A fourth, 300-metre-long conductor is situated 200 metres to the south, under a lake, so its geological setting is not clear at this time. This conductor is situated within a larger magnetic high.

As three of these four linear conductors are directly related to a known nickel-sulphide-hosting gabbro body, there is an excellent possibility that they are sourced by related nickel sulphide mineralization. As such, each of these four conductors will be drill tested by a 150-metre hole for a total of 600 m drilling. With the 400 m drill program planned for at the Sandy target, a total 1,000-metre drill program is proposed for the next phase of work.

The South Voisey's Bay nickel property has potential to host very large quantities of nickel sulphides as calculated and described by senior geologists at the Newfoundland Department of Mines (see A. Kerr "Pants Lake Gabbro Complex," 2012).

The targets defined by the 2014 work as described above are only on a portion of the extensive nickel potential of the South Voisey's Bay gabbro complex.

One of the largest targets on the SVB property is the extensive Black gabbro of the Sarah target, located 10 km north of the Sandy anomalies. This Black gabbro is equivalent in size and alteration to the host of the large Eastern Deeps deposit of the Voisey's Bay reserves. The base of the Black gabbro has only been sporadically drilled and deep sensing UTEM EM surveys have not been completed over the main target area.

For the above reasons, a second part of the 2015 exploration program will be a series of large loop UTEM surveys over this high-potential Sarah target area. Four to five large UTEM loops are planned for late winter to cover targets under lakes while frozen. This work will be undertaken from an on-site winterized camp.

All permits are in place. Estimated budget for the 1,000-metre drill program and EM survey is $1-million.

Interpretation of all UTEM data and results of the November survey was undertaken by geophysicist Dr. Jules J. Lajoie, PhD, PEng, principal of Comtek Ltd. Dr. Lajoie has many years experience working with UTEM surveys with Cominco Ltd. where he was chief geophysicist.

Bernard H. Kahlert, PEng, a director of Commander, qualified person as defined by National Instrument 43-101, has reviewed and approved the technical disclosure of this news release.

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