Commander Resources Ltd. (TSX VENTURE:CMD) ("Commander") reports that it has
entered into an agreement to sell 4,500,000 shares of Maritime Resources Corp.
("Maritime") to Rambler Metals Canada ("Rambler") through a private transaction.
The shares are being sold to Rambler at a price of $0.23 per share with net cash
proceeds to Commander of $1,035,000. Following completion of this transaction,
which is expected to close on February 15 2012, Commander will hold 12,500,000
shares of Maritime, which represents 47% of the issued and outstanding shares of
Maritime. Commander also retains a 2% NSR on future production from portions of
the Green Bay Property, Newfoundland, which is wholly owned by Maritime. 


Eric Norton, President and CEO of Commander, states: "With this sale, Commander
has realized immediate and significant value, providing cash to the treasury
without any shareholder dilution. Commander continues to be exposed to the
future upside of Maritime through its remaining equity stake and a royalty on
future production from the Green Bay Property."


COMMANDER RESOURCES LTD. is a diversified exploration company that employs
project generation and leverage strategies to develop Canadian resources for
either sale or joint venture. By employing this strategic approach, Commander is
able to systematically enhance shareholder value while managing the risk
associated in exploration and development.


COMMANDER trades on the TSX Venture Exchange under the symbol "CMD". For
additional information, please visit the Company's website at
http://www.commanderresources.com.


On behalf of the Board of Directors,

Eric Norton, President & CEO
Commander Resources (TSXV:CMD)
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