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)  (f) Sabin, Ontario  (g) Other Properties i. Sarah Lake, Labrador  ii. Olympic and Rob, Yukon  iii. Tam, British Columbia  The Sabin copper-zinc property consists of 114 claims located in northwest Ontario. Ownership interests of Commander  on the property vary from 58.5% to 100%.  The Company owns several other properties in Canada in which it holds interests ranging from 10% to 100%. The  Company has granted options on some of these properties. The carrying values of those properties included under Other  Properties at December 31, 2012 and 2011 is as follows:  The Company owns a 48.2% interest in the Sarah Lake property. Donner Metals Ltd. owns 51.8% and is the  operator of the property. Note Ownership% Metal 2012 2011 Labrador Properties Sally 100.00 Nickel 393,241 $ 393,241 $ Sandy 100.00 Nickel 39,736 27,482 Sarah Lake 9(g)(i) 48.20 Nickel 1,778,627 1,766,060 Yukon Olympic, Rob 9(g)(ii) 100.00 Copper-Gold-Uranium 882,089 874,258 British Columbia Tam 9(g)(iii) 10.00 Copper - 9,524 NewBrunswick Nepisiguit/Stewart 9(g)(iv) 100.00 Copper-Zinc 1,128,853 1,126,894 Ontario  Houghton Lake 9(g)(v) 15,000 - Matheson 9(h) 41.20 Gold - 15,685 McVean 9(h) 100.00 Gold - 9,835 Total Other Properties 4,237,546 $ 4,222,979 $ The Company owns 100% of the Olympic and Rob properties subject to a 1% NSR registered to Blackstone  Ventures Inc. on the Rob property. The NSR may be reduced to 0.5% at any time for $1 million. The  Olympic property is located within the boundary of the Peel Watershed Regional Land Use Plan and is  subject to restrictions on certain mining activities. The final recommendations have not been completed by  the regulatory authorities. Any adverse recommendations could lead to an impairment write-down of  approximately $744,000.  The Company owned a 10% carried interest in the property. Under an agreement dated February 13, 2006  between the underlying owners and Teck Resources Limited (“Teck”), the Company is entitled to a 1.5%  NSR of which $250,000 is payable as an advance royalty starting on December 31, 2012. Teck and its partner  Lorraine Copper Corp. now own 100% of the Tam property subject to a 3% NSR, which is subject to a buy- down to 1% for $2,000,000. A $50,000 annual royalty payment is payable beginning December 31, 2012,  capped at $500,000, half of which is payable to the Company.  - 22 - 