Commander Resources Ltd V.CMD

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Suite 510, 510 Burrard Street Vancouver, B.C. V6C 3A8 Tel. [phone] Fax: [phone] Date: February 22, 2005 TSX Venture Exchange: CMD Shares Issued: 30,777,590 News Release #05-07 COMMANDER RESOURCES ACQUIRES TWO URANIUM PROPERTIES COMMANDER RESOURCES LTD. (CMD-TSX Venture) has entered into an agreement with a private consortium based in Newfoundland to acquire a 100% interest in the Blue Hills and White Bear Uranium properties located in southwestern Newfoundland. In the 1980’s, exploration completed by Shell Canada Limited and Central Electricity Generating Board Exploration (CEGB - now owned by Cameco Corporation) located several in situ bedrock uranium occurrences and boulder trains carrying highly anomalous uranium values. Newfoundland government geologists discovered other uranium showings in the area during the 1980’s. The acquisition of these uranium properties represents a low-cost entry to a well-defined exploration opportunity of a high-value commodity. This compliments the company’s objective of adding significant shareholder value through diversified and strategic opportunities. The properties consist of 124 claims at Blue Hills and 114 claims at White Bear. Commander may earn a 100% interest over a four year term by making total cash payments of $82,200, issuing 201,000 shares of Commander and completing $1,000,000 in exploration. Of this, $7,500 in cash and 21,000 shares of Commander are due on signing of the agreement. The first year expenditure commitment is $75,000. The agreement is subject to a 2% of Net Smelter Returns Royalty for the vendors with a buy-back of 1% of the royalty for $1 million. The main uranium showing on the Blue Hills Property consists of over 250 angular boulders up to 1.5 metres in size concentrated in 7 clusters over a 1.5 kilometre long trend. Shell Canada, CEBG and the Newfoundland government considered that the boulder clusters were sourced from near surface bedrock uranium occurrences. Uranium values reported from the boulders ranged from 0.14 % U (uranium) to 2.88 % U with radiometric counts ranging from 8000 counts per second (cps) to 40,000 cps in scintillometer readings. A small bedrock exposure contained a sample, considered representative, assaying 0.60% U associated with pitchblende in fractures of a felsic volcanic unit. A detailed radiometric survey over this small outcrop area showed highly anomalous readings ranging from 3000 to 33,000 cps over a stratigraphic width exceeding five metres. A number of other uranium showings on the Blue Hills property occur in outcrops of both felsic volcanics and several younger, intrusive granites. Higher assay values from bedrock occurrences ranged from 0.30 % to 1.2 % U. On the White Bear property, located 30 kilometres east of the Blue Hills property, three uranium occurrences were discovered by the Newfoundland Geological Survey in the early 1980’s. The showings occur over a 3 kilometre trend in an area of less than one percent outcrop. High radiometric counts were derived from small outcrop exposures of interbedded metasediments with felsic volcanics. Radiometric counts of 2000-10,000 cps were related to bedrock assay values ranging from 0.07 % to 0.42 % U. Uranium mineralization on both properties was interpreted by the previous workers to be stratabound hosted by mainly felsic volcanic rocks of Ordovician age (450 million years) in the southwest portion of the Gander Tectonic Zone of Newfoundland. Two of the smaller showings were reported to be within one of the granitic bodies. Pitchblende appears to be the primary uranium mineral, with minor associated uraninite, autinite, uranophane and brannerite. The above information was extracted from detailed reports by Shell Canada and CEGB both of which had specialized uranium exploration divisions. Both companies left the area in the early and mid 1980’s due to low uranium prices. A number of uranium deposits are associated with granitic bodies including the large Rossing Uranium deposit of Namibia, the world’s fourth largest producer. The Novazzo Uranium Mine of Italy is hosted in felsic volcanics with a syngenetic uranium source. The high grade, early uranium mines of the Great Bear Lake district of Canada consist of complex arsenical vein deposits in felsic volcanics. Commander plans to complete radiometric surveys on the properties along with geological mapping, prospecting, trenching and sampling to verify the historical data. Geophysical surveys will be undertaken where appropriate. If a significant target is developed, it will be tested by diamond drilling. The uranium values, mineralization and technical information reported in this news release have not been verified by Commander and does not conform to NI-43-101 reporting requirements. Bernard Kahlert, P.Eng, V.P. Exploration reviewed the reports containing the technical information reported in this release. Mr. Kahlert is the Qualified Person under NI 43-101 and will be supervising the work on the property. . About Commander Resources Ltd. Commander Resources Ltd. is a Canadian junior exploration company with a diversified portfolio of gold, copper-gold and nickel projects across Canada with focus on a large, emerging new gold district on Baffin Island. Commander’s mission is to generate or acquire quality gold and base metal opportunities at a low cost and add significant shareholder value through discovery of mineral deposits, leveraged partnerships, and/or sale of assets. The company holds 1.72 million shares of Diamonds North Resources Ltd. On Behalf of the Board of Directors, Kenneth Leigh President and CEO For further information, please call: Commander Resources Ltd. Cathy DiVito, Corporate Communications Telephone: [phone] Toll Free in Canada/U.S. at 1-800-667-7866 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.