COMMANDER RESOURCES LTD.  (An Exploration Stage Company)  Notes to Financial Statements  For the Years Ended December 31, 2012 and 2011  (Expressed in Canadian dollars)  The receivables mainly related to HST input tax credits and government funding. The following is an aging summary  for the outstanding balances as of December 31, 2012 and 2011:  E&E are comprised of properties located in Canada. Expenditures incurred on mineral properties as at December 31,  2012 were as follows:  - 19 -  9.  Exploration and Evaluation Assets  8.  Receivables  31 - 60 61 - 90 > 90 Current days days days TOTAL December 31, 2012 $ 24,077 - $ - $ 247 $ $ 24,324 December 31, 2011 $ 173,715 - $ - $ - $ $ 173,715 Yukon Nunavut Ontario Other  Newfoundland Qimmiq Bravo Lake Glenmorangie Storm Omineca StumpLake Sabin Properties Green Bay Total Balance at December 31, 2011 9,243,700 $ 2,554,797 $ 405,687 $ 930,260 $ 121,987 $ 562,806 $ 141,900 $ 4,222,979 $ 1,280,327 $ 19,464,443 $ Acquisition costs - - 27,750 - - - - 65,000 - 92,750 Exploration costs Drilling - - 1,154 - 29,561 206,396 - 800 2,016 239,927 Environmental  - 140,000 - - - 1,700 9,000 - - 150,700 Geochemistry 9,635 4,129 16,957 - 14,956 41,228 23,225 - - 110,130 Geology 330,060 23,829 62,694 11,752 82,882 53,705 83,908 38,722 11,587 699,139 Geophysics  - (489) - - - 16,000 - - - 15,511 Property  116,565 1,147 7,727 (3,360) - 6,270 4,470 8,313 - 141,132 Other  568 384 57 14 - 14 371 266 382 2,056 456,828 169,000 88,589 8,406 127,399 325,313 120,974 48,101 13,985 1,358,595 Less Recoveries (397,369) (140,000) - (120,000) - - - (69,864) - (727,233) Write-down - - - - - (888,119) - (28,670) - (916,789) Net additions 59,459 29,000 116,339 (111,594) 127,399 (562,806) 120,974 14,567 13,985 (192,677) Derecognition of Green Bay Property - - - - - - - - (1,294,312) (1,294,312) Balance at December 31, 2012 9,303,159 $ 2,583,797 $ 522,026 $ 818,666 $ 249,386 $ - $ 262,874 $ 4,237,546 $ - $ 17,977,454 $ Baffin, Nunavut  British Columbia