COMMANDER RESOURCES LTD.  (An Exploration Stage Company)  Notes to Financial Statements  For the Years Ended December 31, 2012 and 2011  (Expressed in Canadian dollars)  9.  Exploration and Evaluation Assets (Continued)  (h) Properties written off (Continued)  The properties written down in 2011 were:  Labrador  Sadie 127,856 $ Newfoundland Bay St. George 659 Cape St. John 13,560 Cochrane Pond 51,375 Couteau Hills 158,937 Hermitage 2,592,519 Murphy 78,343 Strickland 929,499 British Columbia Hal 1,217 Hunter IV 3,983 Takla 331 Total 3,958,279 $ (i) Environmental (j) Title to resource properties  (k) Realization of assets  The Company is subject to the laws and regulations relating to environmental matters in all jurisdictions in which it  operates, including provisions relating to property reclamation, discharge of hazardous material and other matters.  The Company may also be held liable should environmental problems be discovered that were caused by former  owners and operators of its properties and properties in which it has previously had an interest. The Company  conducts its mineral exploration activities in compliance with applicable environmental protection legislation. The  Company is not aware of any existing environmental problems related to any of its current or former properties that  may result in material liability to the Company. Environmental legislation is becoming increasingly stringent and costs and expenses of regulatory compliance are  increasing. The impact of new and future environmental legislation on the Company’s operations may cause  additional expenses and restrictions. If the restrictions adversely affect the scope of exploration and development on  the resource properties, the potential for production on the properties may be diminished or negated. Although the Company has taken steps to verify the title to resource properties in which it has an interest, in  accordance with industry standards for the current stage of exploration of such properties, these procedures do not  guarantee the Company’s title. Property title may be subject to unregistered prior agreements or transfers and title  may be affected by undetected defects. Exploration and evaluation assets comprise a substantial portion of the Company’s assets. Realization of the  Company’s investment in these assets is dependent upon the establishment of legal ownership, the attainment of  successful production from the properties or from the proceeds of their disposal. - 24 - 