Mr. Chris Grove reports

COMMERCE RESOURCES CORP. ANNOUNCES INUIT CORPORATIONS SIGN LETTER OF INTENT FOR THE ASHRAM REE DEPOSIT, QUEBEC

Commerce Resources Corp. has signed a letter of intent (LOI) with the Nayumivik Landholding Corp. of Kuujjuaq and the Makivik Corp. for the continuing development of the Ashram rare earth elements (REE) deposit in Nunavik, Northern Quebec.

Sammy Koneak, the president of Nayumivik Landholding, states: "We look forward to working closely with Commerce and Makivik Corp. to implement the LOI during the predevelopment phase of the proposed Ashram deposit. We are confident that continued communication between the parties under the terms and spirit of the LOI will result in ongoing respect for our rights and our environment."

Maggie Emudluk, the vice-president of economic development at Makivik, states: "This letter of intent (LOI) is a first for Nunavik mining development, specifically for a predevelopment project such as the Ashram REE deposit. By implementing the LOI, Inuit will be directly involved upstream in any discussions and proposed planning of this project. They will also be enabled to provide insights and share concerns during the progression of the project. Makivik is pleased that the LOI is in accordance with the Nunavik Inuit mining policy objectives that look forward to establishing clear lines of communication with the industry."

Chris Grove, the president of Commerce Resources, states: "We are very pleased that the Nayumivik and the Makivik have signed this letter of intent with us. This is a milestone that speaks to the co-operation between all parties: a document that recognizes the primacy of the James Bay agreement, the practicalities of advancing our Ashram deposit through the next few years of development, the practicalities of getting our material to world markets, and the best way to achieve our collective goals of a new producing mine in Nunavik through the co-operation of the Inuit and Commerce towards our mutual benefit. We look forward to this future with the Inuit in Nunavik."

About Commerce Resources Corp.

Commerce Resources is an exploration and development company with a particular focus on deposits of rare metals and rare earth elements. The company is focused on the development of its Ashram REE deposit in Quebec and the Upper Fir tantalum-niobium deposit in British Columbia.

We seek Safe Harbor.