Mr. Chris Grove reports

COMMERCE RESOURCES CORP. CLOSES $3.5 MILLION PRIVATE PLACEMENT

Commerce Resources Corp. has closed its non-brokered private placement for gross proceeds of $3,506,250 first announced on Dec. 16, 2014.

The company issued 12,025,000 flow-through shares at a price of 25 cents per flow-through share and 2.5 million units at a price of 20 cents per unit. Each unit consists of one non-flow-through common share and one-half of one non-flow-through common share purchase warrant in the capital of the company. One whole warrant is exercisable into one additional common share in the capital of the company at a price of 30 cents per warrant share until June 19, 2016.

Secutor Capital Management Corp. acted as exclusive finder in connection with this non-brokered private placement and was paid a cash commission of $217,500, plus expenses, and issued 725,000 finder warrants to acquire additional common shares of the company, exercisable at 24 cents per finder warrant share until June 19, 2016.

All the securities issuable will be subject to a four-month hold period from the date of closing expiring April 20, 2015.

The proceeds of the private placement will be used in the development of the company's Quebec mineral properties, for the amount of flow-through funds raised, and for general working capital.

We seek Safe Harbor.