VANCOUVER, BC - Commander is pleased to report the results of its 2023 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 vested at 75% interest during this program. The 2023 program comprised 10 drill holes totaling 4,403 m and tested a wide-spaced variety of targets across a 6 km² region.

Highlights:

• Burn represents a new greenfields porphyry system first drilled in 2022 and with 4,403 metres in 10 holes completed in 2023.
• The 2023 program highlights potential for a deep porphyry target below current drilling as well as to the northwest.
• A step out hole on the gold zone, first intersected in hole B-02 in 2022, encountered elevated gold values and the zone remains open to expansion.
• The best results were from hole B-10 that returned 140 m of 0.1% CuEq starting at 12 metres downhole in the central copper zone.

The Burn Property, which covers 17,675 ha was initially acquired directly by Commander in 2018 to cover prominent gossans exposed along ridges. It is located within the Babine Porphyry belt 70 km north of two past producing mines at Bell and Granisle (Figure 1 attached below). There is no record of previous geophysical surveys or drilling. Previous 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 follow-up reconnaissance program of stream sediment sampling, soil and rock sampling, and geological mapping identified four alteration zones of which the largest is referred to as the Central Copper zone. The Central Copper zone, first drilled in 2022 (4 holes, 1513 m), was the focus of the 2023 drill program and is underlain by numerous phases of feldspar-biotite-hornblende (“BFP”) porphyry dykes and stocks exhibiting alteration from chlorite to chlorite-magnetite, and moderate quartz-sericite-pyrite (“phyllic”) to intense phyllic with local quartz veinlets.

Robert Cameron, President and CEO states “The 2023 drill program tested a spectrum of magnetic and geochemical targets and Commander believes this provides a strong basis for additional drilling in 2024.We believe the elevated copper encountered in holes B-01, B-09, and B-10, alteration vectors and presence of stockwork-veined fragments (xenoliths) indicate potential for a deep porphyry target below the current drilling and to the northwest. The Western Gold zone (B-02 and B-07) also remains open to expansion. The Burn project is a newly recognized greenfields porphyry system, still in the early stages of exploration. The area drilled so far is only one of four large alteration systems identified and we look forward to continued exploration of this exciting property.

Drill results are presented below in Table 1 and collar locations are in Table 2 at the bottom of this release.

Table 1: Drill Results Summary

Holes B-05, B06, B-11 to B14 returned no significant intervals.

Notes

1: length is core length. True widths are unknown.

2: CuEq.: Copper equivalent is calculated using metals prices ($US) of $3.50/ lb for Cu, $1750/oz for Au and $20/lb for Ag and assumed net metal recoveries of 85% for Cu, 72% for Au and 65% for Ag summarized in the following formula. CuEq % = Cu% + ((Au g/t * (Au recovery / Cu recovery) * (Au $ per oz/ 31.1034768) / (Cu $ per lb* 22.05)) + ((Ag g/t * (Ag recovery / Cu recovery) * (Ag $ per oz/ 31.103) / (Cu $ per lb* 22.05)).Metal prices are not economic parameters and are used solely for determining relative weighting factors in CuEq calculations. Recoveries are arbitrary and informed from peer company practice and documented metallurgical studies of similar nearby deposits. No metallurgical work has been completed at Burn.

Discussion of Drill Results

Drill collar locations are presented in Table 2 and drill plans and sections (figures 2 to 7) below. All drill hole intervals are core lengths.

Table 2: Drill Locations

Drill Hole B-05 and B-06 (Figure 2 attached below)

Holes B-05 and B-06 were drilled at the highest elevation on the property on a large alpine plateau. The target was a prominent circular magnetic high feature. Both holes encountered highly altered intrusive and volcanic rocks with lesser amounts of sediments until passing into massive hornfels sediments near the base of the hole. Alteration is dominated by sericite and iron carbonate and is accompanied by pyrite, pyrrhotite and sphalerite with trace amounts of chalcopyrite.

Drill Hole B-07 (Figures 3, 5 attached below)

Hole B-07 was collared 120 m west of 2022 hole B-02 and was drilled on section beneath it. Unlike hole B-02, the hole encountered mostly black, weak to moderate sericite altered fossiliferous mudstone and local sections of mixed polylithic mudstone and volcanic breccias. Pyrite is pervasive as fine disseminations, thin veined stockworks and local planar 1 cm thick veins. Gold was elevated throughout with the best 2-metre interval returning 5.18 g/t gold at 308 metres downhole.

Drill Hole B-08 and B-09 (Figures 4, 6 attached below)

Holes B-08, B-09 and B-01 are drilled on the same section with hole B-09 drilled southerly towards hole B-01. All holes have encountered variably altered biotite feldspar porphyry, feldspar porphyry and k-feldspar porphyry with sulphides dominated by pyrite and chalcopyrite. Copper values in hole B-08 are low except for the bottom 100 metres where values increase with a high value of 18 metres grading 0.05% copper starting at 370.0 m. Hole B-09 returned 0.06% copper over 232.8 m starting at 5.7 metres including a 12-metre interval at 98 m grading 0.22% Cu and 0.13 g/t gold. In both holes, intrusive rocks carried rare 3 cm sericite altered and quartz stockwork veined xenoliths.

Drill Hole B-10 (Figures 4, 7 attached below)