Mr. Chris Grove reports

COMMERCE RESOURCES CORP. ANNOUNCES FILING OF FINAL SHORT FORM PROSPECTUS

Commerce Resources Corp. filed on Feb. 26, 2016, a final short form prospectus with the securities regulatory authorities in the provinces of British Columbia, Alberta and Ontario in connection with a best-effort offering of units of the company at a price of 10 cents per unit for gross proceeds of a minimum of $1-million and up to a maximum of $3-million. The company has granted the agent an overallotment option to sell up to an additional 15 per cent of the offering on the same terms and conditions, exercisable at any time following the closing of the offering for a period of 30 days.

Each unit will consist of one common share of the company and one common share purchase warrant, with each warrant entitling the holder to acquire an additional common share of Commerce at a price of 12 cents per warrant share at any time before 4:30 p.m. (Vancouver time) on the date that is 24 months after the closing of the offering.

The company intends to use the net proceeds from the offering to advance the company's Ashram rare earth element deposit in Quebec and for general working capital purposes.

Pursuant to an agency agreement dated Feb. 25, 2016, the company has agreed to: (i) pay the agent a cash commission equal to 7 per cent of the gross proceeds of the offering and a reduced cash commission of 2 per cent on purchasers, if any, whose name appear on the list of purchasers to the offering to the agent by insiders of the company (the president list); and (ii) issue to the agent share purchase warrants, with each agent warrant entitling the agent to acquire that number of common shares in the capital of Commerce equal to 7 per cent of the number of units sold under the offering and a reduced number agent's warrants equal to 2 per cent on purchasers, if any, whose name appear on the president list.

The closing of the offering is expected to occur no later than the 90th day after Feb. 26, 2016. The offering is subject to customary conditions and regulatory approval, including that of the TSX Venture Exchange.

We seek Safe Harbor.