Mr. Chris Grove reports

COMMERCE RESOURCES CORP. ANNOUNCES SECOND TRANCHE CLOSING OF SHORT-FORM PROSPECTUS OFFERING AND CLOSING OF NON-BROKERED FLOW-THROUGH PRIVATE PLACEMENT

Commerce Resources Corp. has closed the second tranche of its previously announced short form prospectus offering and its non-brokered flow-through private placement, raising aggregate gross proceeds of $828,540.

The second tranche of the public offering consisted of raising gross proceeds of $277,500, with Secutor Capital Management Corp. acting as agent for the company, with respect to the sale of 3.7 million 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 Aug. 12, 2018. The agents were paid a cash commission of $19,425 in connection with the second tranche of the public offering and received an aggregate of 259,000 broker warrants to acquire up to 259,000 common shares at a price of 7.5 cents per common share until Aug. 12, 2018.

The concurrent private placement consisted of raising gross proceeds of $551,040 through the sale of 5,800,421 flow-through eligible common shares at a price of 9.5 cents per common share. In connection with the concurrent private placement, finders were paid a cash commission of $35,700 and received an aggregate of 375,789 finders' warrants to acquire up to 375,789 common shares at a price of 9.5 cents per common share until Aug. 12, 2018. All securities issued pursuant to the concurrent private placement are subject to a four-month hold period and the concurrent private placement has been effected with the conditional acceptance of the TSX Venture Exchange.