Mr. Chris Grove reports

COMMERCE RESOURCES CORP. ANNOUNCES APPROVAL OF SHARE CONSOLIDATION

Further to its news release of July 29, 2019, the TSX Venture Exchange has approved the consolidation of the common shares of Commerce Resources Corp. on the basis of 10 preconsolidation shares for one postconsolidation share. The consolidation will become effective at the opening of the market on Aug. 15, 2019. The company's symbol shall remain as CCE. Currently, a total of 310,496,558 shares are issued and outstanding. Accordingly, upon the consolidation becoming effective, a total of 31,049,655 shares, subject to adjustments for rounding, will be issued and outstanding. There is no maximum number of authorized shares.

Computershare Investor Services Inc. will mail letters of transmittal to the shareholders providing instructions on exchanging preconsolidation share certificates for postconsolidation share certificates. Shareholders are encouraged to send their share certificates, together with their letter of transmittal, to Computershare in accordance with the instructions in the letter of transmittal.

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 rare earth element deposit in Quebec and the Upper Fir tantalum-niobium deposit in British Columbia.