Commander Resources Ltd. and project partners Fjordland Exploration Inc. and privately-owned Ivanhoe Electric ("IVNE") Inc. announced that the Company has initiated a Low Temperature ("LT") Superconducting Quantum Interference Device ("SQUID") Moving Loop Transient Electromagnetic ("MLTEM") survey on its South Voisey's Bay ("SVB") nickel copper cobalt project in Labrador. The survey is being conducted by Discovery International Geophysics Inc., headquartered in Saskatoon. As per the SVB option agreements, the project is being funded by Ivanhoe Electric Inc. ("IVNE"), a privately owned US corporation led by CEO and Co-Chair Robert Friedland. Upon conclusion of the program, Fjordland will have earned a 75% interest in the SVB project under its joint venture with Commander (subject to Commander receiving a $40,000 option payment and an additional 400,000 shares of Fjordland). Positive survey results are expected to lead to a drill program in 2022. LT SQUID MLTEM survey underway at South Voisey's Bay nickel property Low frequency EM survey centred on modeled gravity anomalies derived from work completed in 2019 and 2020 Fjordland recently expanded the project through acquisition of the adjacent Vulcan property. Fjordland expected to vest at 75% interest following the field program and completion of upcoming option payment. The SVB project is located 260 kilometres north-northwest of Goose Bay, Labrador, and 80 kilometers south of the Vale's Voisey's Bay nickel, copper, and cobalt mine. It covers most of the Pants Lake Gabbro Complex which
is comprised of several gabbro phases that are similar to the ore-hosting gabbro at the Voisey's Bay nickel mine. Drilling in 2017 and 2018 was centered on modeled conductors derived from re-processed historical UTEM-3 surveys conducted in 2002 and 2014 and incorporated the current geological concepts developed at the Voisey's Bay Mine wherein structure plays an important ore control role and where massive sulphide accumulations may also occur in wall rock structures. Results to date have encountered several stacked Gabbro sills that are comprised of multiple magma pulses. The best results to date are from holes 17-2 which returned 0.8 metres grading 0.63% nickel, 0.30% copper and 0.1% cobalt and hole 17-6 which returned 3.9 metres grading 0.37% nickel, 0.27% copper and 0.1 % cobalt. (See Commander news dated January 18, 2018 and associated QA/QC).