Commander Resources Ltd V.CMD

News

[cautious36]

COMMANDER RESOURCESLTD. Suite 510, 510 Burrard Street Vancouver, B.C. V6C 3A8 Tel. [phone] Fax: [phone] Date: March 29, 2004 TSX Venture Exchange: CMD Shares Issued: 24,423,117 News Release#04-08 BAFFIN ISLAND GOLD PROJECT TO COMMENCE IN LATE APRIL Commander Resources Ltd. (CMD-TSX Venture) (the "Company") is pleased to announce that it plans to commence a comprehensive $2 million exploration program in late April on the Baffin Island gold project. The project consists of the contiguous Qimmiq, Dewar and Bravo Lake properties on west-central Baffin Island and the Talik Property on east Baffin Island, Nunavut. A diamond drill contract has been finalized with Suisse Diamond Drilling of Smithers, B.C. whose principals have extensive experience in Arctic permafrost drilling conditions. A light portable drill capable of being moved by snowmobile during the spring season (May to early June) and by helicopter during the summer program (June - September) will be used on the project. All land use and access Permits to complete the program are in place. The program will commence with detailed ground geophysics at Malrok to define drill targets followed by a 2500 line kilometre detailed airborne electromagnetic and magnetic survey covering the Qimmiq Property and portions of the Bravo Lake Property. The airborne survey will be designed to define the extent and distribution of the iron formation unit that is host to the known gold mineralization. In early May, diamond drilling will commence on the Qimmiq Property to follow up the channel sample results collected from the Malrok North Zone in 2003. At Malrok North and South, part of the target is interpreted to extend under a shallow lake and several of the drill holes will be collared on the ice guided by the geophysical survey results. Detailed geophysical surveys, prospecting, geological mapping and channel sampling of the 2.5 kilometre long Ridge Lake Zone on the Qimmiq Property will proceed once the land is clear of snow. Drilling of selected targets on the Ridge Lake Zone will follow in mid summer. Prospecting teams will continue last year's highly successful program of searching for and prioritizing new gold prospects on the 140 kilometre long belt covered by the Qimmiq, Dewar and Bravo Lake Properties. In addition, prospecting will be completed on the Talik Property where the host rocks to the iron formation are known to occur. Detailed channel sampling and geological mapping will be undertaken on the other gold prospects (ST, Margot, Triangle Lake, Peninsula, Qim 5 and 2639) discovered in 2003 and any new prospects discovered during the 2004 work to prioritize them for geophysics and drilling. The Baffin Island Project totals 1.5 million acres in which the Company may earn a 100% interest from BHP-Billiton and Falconbridge plus the 160,000 acre Talik Property in which the Company owns a 100% interest. Gold on the Qimmiq, Dewar and Bravo Lake Properties is hosted by a silicate facies iron formation in the Lower Proterozoic Bravo Lake Formation, similar in age and tectonic history to the Homestake Gold mine in South Dakota. Nine gold prospects including high grade gold mineralization at Malrok North and Ridge Lake Zones were identified in 2003, located at irregularly spaced intervals over a 140 kilometre long belt of the Bravo Lake Formation. At the Malrok North Zone, channel sampling returned assay intervals including 2.35 metres grading 12.1 g/T gold and 3.6 metres grading 24.95 g/T gold. Prospecting at the Ridge Lake gold zone yielded eight samples ranging from 7.9 g/T gold to 17.3 g/T gold over a 2.5 kilometre strike extent. For more details on the project, including deal terms and 2003 exploration results, please refer to the Company's website at www.commanderresources.com. Commander Resources Ltd. is a Canadian junior exploration company with a diversified portfolio of gold, copper-gold and nickel projects across Canada including an emerging new gold camp on Baffin Island and advanced nickel projects in Labrador. The company holds 1.72 million shares of Diamonds North Resources Ltd. and has $3 million in cash. Kenneth E. Leigh President For further information, please call: Commander Resources Ltd. Telephone: [phone] www.commanderresources.com Email: [e-mail] The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.