Commander Announces Non-Brokered Private Placement Financing

- August 5th, 2021

Commander Resources Ltd. announces that it plans to complete a non-brokered private placement of up to $750,000 . The Offering will consist of up to $400,000 in flow-through shares at $0.18 per flow-through share and up to $350,000 in units at $0.17 per unit . Each Unit will consist of one common share and one-half of one share purchase warrant with each whole Unit Warrant being exercisable for one additional common …

Commander Resources Ltd. (TSXV: CMD) (“Commander”) announces that it plans to complete a non-brokered private placement of up to $750,000 (the “Offering”). The Offering will consist of up to $400,000 in flow-through shares at $0.18 per flow-through share (the “FT Shares) and up to $350,000 in units at $0.17 per unit (the “Units”). Each Unit will consist of one common share and one-half of one share purchase warrant (the “Unit Warrants”) with each whole Unit Warrant being exercisable for one additional common share at a price of $0.25 for 18 months from the closing date.

It is the intention of the Company to provide an opportunity to existing, eligible shareholders of Commander to participate in the Offering. Non-accredited investors who qualify will be welcome to participate in the Offering through use of the existing shareholder exemption provided in British Columbia Instrument 45-534 and similar exemptions in other jurisdictions of Canada.

The gross proceeds from the Offering will be used to advance exploration on the Company’s current projects and for general corporate purposes.

In connection with the Offering, the Company may pay finders’ fees of up to 6% in cash.

Existing Shareholder Exemption

In addition to any other exemptions available, participation in the Offering is also open to existing shareholders of Commander who, as of the close of business on August 4, 2021 (the “Record Date”), hold common shares of Commander (and who continue to hold common shares of Commander at the time of closing), pursuant to the prospectus exemption set out in B.C. Instrument 45-534 and in similar instruments in other jurisdictions of Canada. This exemption is not available to a shareholder who is a U.S. Person (as defined in Regulation S promulgated under the United States Securities Act of 1933, as amended).

Any existing shareholder or other interested investor who wishes to participate in the Offering is asked to please contact Janice Davies, Corporate Secretary of the Company by email at: janice@jdconsulting.ca to receive subscription documentation and instructions. The Offering will remain open to existing shareholders until
August 11, 2021.

The Offering is subject to receipt of TSX Venture Exchange acceptance.

About Commander Resources:

Commander Resources is a Canadian focused exploration company that has leveraged its success in exploration through partnerships and sale of properties, while retaining equity and royalty interests. 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.

On behalf of the Board of Directors

Robert Cameron, P. Geo.
President and CEO

For further information, please call:

Robert Cameron, President and CEO
Toll Free: 1-800-667-7866
info@commanderresources.com

Twitter: @CommanderCMD

www.commanderresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

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