Commander Resources Ltd. received results for its inaugural drill program at the Burn Copper and Gold porphyry project located 100 km north of Smithers, British Columbia (the ‘Burn Property'). Freeport-McMoRan Mineral Properties Canada Inc. (‘Freeport') is earning into the Burn Property and Commander is the operator. Commander completed four drill holes totaling 1,513 metres (‘m') from three drill sites in October 2022.

Drill hole BU 22-01 encountered two intervals of copper-bearing intrusive including an interval of 50 m grading 0.11% Cu and 0.20 grams gold per tonne (‘g/t Au') (0.24% CuEq) starting at 84 m downhole and a gold dominant interval in hole BU22-02 from 4.5 m of 83.5 metres grading 1.08 g/t Au. The Burn Property, which covers 17,675 ha was acquired directly by Commander in 2018 to cover prominent gossans exposed along ridges. The property has seen limited historical exploration and this is the first time the property has been drill tested.

The Burn Property is located within the Babine Porphyry belt 70 km north of two past producing mines at Bell and Granisle. Initial work at Burn in 2018 identified widespread phyllic-style alteration with trace amounts of chalcopyrite. There is no record of previous geophysical surveys or drilling.

Past work by Commander, funded by Freeport, included a property wide airborne magnetic survey which outlined two prominent circular magnetic rings and several linear magnetic highs that coincide with stocks and dykes of Eocene age. A property- wide sampling program of stream sediment sampling, soil and rock sampling, and geological mapping has identified four alteration zones of which the is referred to as the Central zone. The Central zone, is the focus of this year's drill program and is underlain by numerous phases of feldspar-biotite-hornblende porphyry dykes and stocks exhibiting alteration from chlorite to chlorite-magnetite, and moderate quartz-sericite-pyrite (QSP) to intense QSP with local quartz veinlets.

Drill hole BU22-01 was collared at the base of a prominent talus slope that is comprised of intense oxidised and phyllic-altered felspar porphyry intrusive and towards azimuth 022. Its goal was to undercut a partially exposed copper bearing exposure of intense quartz-magnetite stockwork. Two copper intervals were encountered in core including an interval from surface to 48.0 m grading 0.11% Cu with low gold within phyllic-altered intrusive followed by a weakly altered and barren post-mineral dyke and then a 50.0 metre interval grading 0.11% Cu and 0.20 g/t Au (0.24% CuEq).

The remainder of the hole was sporadically mineralized to depth. Drill hole BU22-04 was collared from the same pad as hole BU22-01 towards azimuth 088. It cored mixed feldspar porphyry intrusive, and intrusive breccia before ending in sericite and hornfels sediments.

Copper and gold values are generally low to very low throughout except for sporadic 2-metre intervals of slightly promoted tenor. Drill hole BU22-02 was collared some 1000 m west of hole BU22-01 and was drilled towards azimuth 088. The hole was designed to test and area of exceptionally high gold in soils (3 samples > 1000 ppb Au).

It cored 0.66 g/t Au from surface to 149.5 m including a shorter interval from surface to 83.5 m grading 1.08 g/t Au. A high-grade interval at 28 m graded 4.0 m of 11.1 g/t Au. Rock types encountered in core are dominated by felspar porphyry and related intrusive breccia and intermittent dykes of more mafic hornblende felspar porphyry.

Gold values correlate closely with the hornblende-bearing units and sericite alteration with pyrite and isolated sphalerite veins up to 1 cm in width. Drill hole BU22-03 was drilled towards a prominent magnetic feature and encountered low values of copper and gold in phyllic-altered felspar porphyry and hornfels sediments. It bottomed in phyllic-altered sediments.

Compilation of drill results is ongoing. The Company has engaged Condor Consulting to reprocess and refine the airborne magnetic data and to complete parametric magnetic inversions or modelling of the central zone area to guide follow-up drilling. The scale of the follow-up drill program in 2023 is currently being determined but will include follow-up step-outs from the high gold zone encountered in hole BU22-02 and testing of similar magnetic features to those encountered in hole BU22-01.