Mr. Robert Cameron reports

COMMANDER COMMENCES 4,000 M FOLLOW-UP DRILL PROGRAM AT ITS BURN COPPER-GOLD DISCOVERY, BRITISH COLUMBIA

Commander Resources Ltd. has commenced a 4,000-metre follow-up drill program at the Burn copper and gold porphyry project located 100 kilometres north of Smithers, B.C. Freeport-McMoRan Mineral Properties Canada Inc. is earning a 75-per-cent interest in the Burn property and Commander is the operator. This program is a follow-up of the successful inaugural drill test completed in October, 2022.

Highlights:

• Burn represents a new greenfields porphyry copper and gold discovery.
• A 4,000-metre fully financed drill program has commenced.
• Drilling will test a large nine-square-kilometre partially exposed porphyry system that was drilled for the first time in 2022.
• Successful drilling in 2022 discovered a central porphyry zone in hole BU22-01 that returned 50 metres at 0.24 per cent copper equivalent and a separate gold-rich zone in hole BU22-02 that returned 83.5 metres grading 1.08 grams per tonne Au.
• Targets to be tested in the current program include stepouts from 2022 holes and drilling of widespread magnetic and soil geochemical targets.

The Burn property, which covers 17,675 hectares, was acquired directly by Commander in 2018 to cover prominent gossans exposed along ridges and has seen limited historical exploration. The 2022 program was the first time the property has been drilled. The Burn property is located within the Babine porphyry belt 70 km north of two past-producing mines at Bell and Granisle. It is underlain by numerous phases of feldspar-biotite-hornblende porphyry dikes and stocks exhibiting alteration from chlorite to chlorite-magnetite, and moderate quartz-sericite-pyrite (QSP) to intense QSP with local quartz veinlets and quartz magnetite stockworks.

Summary of Freeport earn-in agreement terms

Freeport has been granted the right to earn up to a 75-per-cent interest in the Burn property through staged option payments and work expenditures totalling $2.5-million in exploration expenditures and $560,000 in payments to Commander following which the companies would enter a 75-per-cent Freeport/25-per-cent Commander joint venture. On Oct. 6, 2022, the Burn property was expanded by optioning a 100-per-cent interest in seven mineral tenure cells (127 ha) from private vendors for aggregate payments of $290,000. Freeport will be fully vested at the conclusion of this program.

2022 drill program quality assurance/quality control

Commander's 2022 exploration program was supervised by Stephen Wetherup, PGeo, Commander's vice-president of exploration. Details of the QA/QC program were provided in detail in a news release dated July 13, 2023, and filed on the company's website and on SEDAR.

Qualified person

Robert Cameron, PGeo, is a qualified person within the context of National Instrument 43-101 and has read and takes responsibility for the technical aspects of this release. All fieldwork completed to date and on-site supervision of the drill program was by Mr. Wetherup.

About Commander Resources Ltd.

Commander Resources is a Canadian-focused exploration company that has leveraged its success in exploration through a combination of partnerships and sole-financed exploration. Commander has a portfolio of base and precious metal projects across Canada. Commander also retains royalties from properties that have been partnered, optioned or sold.

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