VANCOUVER, BRITISH COLUMBIA–(EMWNews – July 22, 2008) – Commander Resources Ltd. (TSX VENTURE:CMD) reports that the final tranche of the non-brokered private placement announced on June 18, 2008 has closed. The total proceeds from the financing amounted to $2,202,000, including $695,784 from Tranche 1 and $1,506,216 from Tranche 2.

An issuance of 5,532,150 flow-through shares at a purchase price of $0.24 per flow-through share and 850,000 non flow-through units at a purchase price of $0.21 per non flow-through unit occurred on July 22, 2008.

Finders’ fees were paid to Dundee Securities Corp. as to $50,684.76 cash and 241,356 units.

All of the securities issued are subject to a four month hold period and may not be traded until November 23, 2008.

On behalf of the Board of Directors,

Janice Davies, Corporate Secretary

Shares Issued: 79,532,516

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.