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