## Storm Copper Property, Nunavut 

In the summer of 2012, Commander’s JV partner Aston Bay, which has the right to earn up to 70% interest in the property by funding $15 million in exploration expenditures, mobilized to site on Somerset Island, Nunavut and completed the 2012 work program. 

Aston Bay’s work for 2012 include staking of approximately 75,000 acres, surface sampling, geological mapping and prospecting in and around the identified VTEM EM anomalies that were identified in 2011. Drill core from historic work on both the Storm copper and Seal zinc prospects has examined and resampled to provide complete assay data for missing or incomplete results in the historic data base. As metal prices for both copper and zinc were near historic lows when these prospects were drilled, extra core sampling will be undertaken outside previous assayed zones if sulphide mineralization is visible. Additionally, the geological team will conduct confirmation sampling, geological mapping in and along the general trend of the Storm mineralization and collect bulk samples from both Storm and Seal mineralization that are large enough for preliminary metallurgical test work. 

In October 2012, Aston Bay reached an agreement to be acquired by Escudo Capital Corporation, a Capital Pool Company. Completion of the acquisition of Aston Bay by Escudo will represent a “qualifying transaction” in accordance with the policies of the TSX Venture Exchange and, upon completion, all issued and outstanding shares of Aston Bay will be exchanged for common shares in the capital of Escudo. Commander currently holds 3 million shares of Aston Bay. 

## Nepisiguit-Stewart Copper Property, New Brunswick 

Commander’s JV partner, Stratabound, encountered significant intervals of high grade copper mineralization at the Stewart copper prospect on Commander’s Nepisiquit property, Bathurst district, New Brunswick. Hole STW-10-1 intersected 3.5 metres grading 2.07% copper. Hole STW-10-2 cut 89.5 meters grading 0.75% copper with high grade intervals up to 3.1% copper over 4 meters, and significant gold, silver and cobalt credits. Stratabound expended approximately $175,000 on this first year program in late 2010. Four holes, totaling 1,064 metres, were drilled by Stratabound. 

The Year 2 Program was estimated to cost close to $200,000 by Stratabound for the partnership to remain in good standing on the property. Commander has no cost obligation in the program. The Stewart Copper Prospect is again the main focus of work this year. The Program is aimed to follow this copper zone southward and to depth. Detailed geophysical surveys will be followed by a drilling program. 

## Other Properties 

## Baffin Island Gold Project, Nunavut 

This property has yielded discovery of numerous orogenic gold occurrences over 10 years in several geological environments permissive to hosting major gold deposits. The Company’s property covers a 140 km long belt of Proterozoic aged metavolcanic and metasedimentary rock within the Fox Fold Belt. Approximately 18,000 m of drilling has been carried out over three prospective areas, known as Malrok, Ridge Lake and Kanosak, with appreciable gold intersections. 

The present focus is on the Kanosak prospect, a 3 km$^{2}$ area that was the subject of a detailed 3D I.P. survey during 2011. The IP survey revealed strong anomalies with a source commencing at approximately 150 metres depth directly below high grade surface showings. The anomaly is interpreted to be the primary feeder source of the gold showings. The anomaly increases in intensity with depth, with maximum penetration to 300 metres. These extremely strong IP anomalies are likely arsenopyrite sulphides, which are the primary associate of gold at Baffin. This survey defined a 3 km linear zone of interest, co-incident with surface channel samples with values as high as 1,440 g/t gold (46 oz/t Au). The Kanosak target is over 3,000 metres long and remains open. The area is fully permitted and a camp is in place. Commander is continuing discussions with potential JV partners to carry out a drill program along the I.P. identified zone. 

## Olympic Copper-Gold Property, Yukon 

The property covers a very large (+10 km) hematite breccia complex with numerous copper and copper-gold showings, which are similar in style and age to the Olympic Dam deposit in Australia. Two deep seated magnetic blocks have recently been identified which underlie the western portion of the breccia complex based on airborne EM-Mag surveys. Although some drilling has been completed at Olympic, these new targets have not been evaluated or tested. 

The Olympic property is located just within the boundary of the Peel Watershed Regional Land Use Plan area. The final recommendations regarding use of the land within this area has not yet been completed by the Planning Commission. 

