Mr. Chris Grove reports

COMMERCE RESOURCES CORP. ANNOUNCES FIRST TRANCHE CLOSING OF SHORT-FORM PROSPECTUS OFFERING

Commerce Resources Corp. has closed the first tranche of its previously announced short-form prospectus offering, raising gross proceeds of $1,169,899.88 for the company. Secutor Capital Management Corp. acted as agent for the company with respect to the sale of 15,598,665 units of Commerce at a price of 7.5 cents per unit.

Each unit consists of one common share of Commerce and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of Commerce for a price of 10 cents per common share until 4:30 p.m. (Vancouver time) on June 30, 2018.

The agents were paid a cash commission of $78,255.49 in connection with the unit offering and received an aggregate of 1,043,407 broker warrants to acquire up to 1,043,407 common shares at a price of 7.5 cents per common share until June 30, 2018.