| ||June 04, 2009|
Commander Receives Units of Fjordland as Settlement
| ||Vancouver, BC, June 4, 2009 -- Commander Resources Ltd. (TSX-V: CMD) and Fjordland Exploration Inc. (TSX-V: FEX) announce a settlement with respect to a shortfall on drilling by Fjordland on the Olympic-Rob Property, Yukon Territory under the terms of a Letter of Intent dated July 27, 2006.|
Subject to the approval of the TSX Venture Exchange, Fjordland has agreed to issue to Commander 1,000,000 units of Fjordland, comprising 1,000,000 shares at a deemed price of $0.08 per share, such price based on the average of the closing price over the last ten trading days, and 1,000,000 warrants, exercisable at $0.16 for a period of two years from closing. The shares will be subject to a four month hold period.
On Behalf of the Board of Directors,
President & CEO
For further information, please call:
Cathy DiVito, Investor Relations
Telephone: (604) 484-7111 ~ Toll-free: 1-800-667-7866
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
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