Mr. Robert Cameron reports

COMMANDER ANNOUNCES THE SALE OF ITS ROYALTY PORTFOLIO FOR US $4.1 MILLION (CDN $5.5 MILLION)

Commander Resources Ltd. has entered into a royalty purchase agreement dated Jan. 22, 2024, to sell a portfolio of its royalty interests to a subsidiary of Taurus Mining Royalty Fund LP, for total consideration of $4.1-million (U.S.) in cash ($5.5-million), to be paid upon closing of the transaction.

Robert Cameron, president and chief executive officer, states, "This transaction achieves a highly accretive monetization of our non-core royalty portfolio, unlocking value for shareholders and providing considerable, non-dilutive funding to redeploy into the company's ongoing and future exploration efforts."

Commander's royalty portfolio sale to Taurus is composed of five royalties in Canada, as shown in the associated table.

The transaction is subject to customary closing conditions, including regulatory approval of the TSX Venture Exchange, and is expected to close in Q1 2024.

GenCap Mining Advisory Ltd. acted as financial adviser for a service fee equal to 2 per cent of the transaction value, payable in cash upon closing, and Harper Grey LLP acted as legal counsel to the company in connection with the transaction.

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, including the company's flagship Burn project, a joint venture with Freeport-McMoRan Mineral Properties Canada Inc. The company has an aggressive plan to drill test additional copper-gold targets over the next two years, including its October Dome copper and gold porphyry target in central British Columbia, and the company's Sabin VMS (volcanogenic massive sulphide) project in Ontario.

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