Mr. Chris Grove reports

COMMERCE RESOURCES CORP. ANNOUNCES COLLABORATION WITH COREM FOR METALLURGICAL TEST WORK ON THE ASHRAM REE/ FLUORSPAR DEPOSIT

Commerce Resources Corp. has entered into a metallurgical collaboration with Corem in support of flow sheet development for the Ashram rare earth and fluorspar deposit.

The test programs for the company's Ashram deposit will form part of a larger rare earth element (REE) research and development initiative, which includes several other REE projects in Quebec. The initiative is being spearheaded by Corem in collaboration with Quebec's Ministere de l'Energie et des Ressources naturelles (MERN), which is providing $1.4-million over three years in direct financing. The initiative's key objectives are to advance critical and strategic mineral projects in Quebec and to develop technology to promote the start-up of an REE industry in the province. To advance these goals, a sizable allocation of financing will be directed to optimizing the actual project flow sheets and to developing alternative methodologies for standard processes of extraction and separation to reduce environmental impacts and to enhance the social acceptability of the projects.

The company is working closely with Corem to develop the test program best suited for the current stage of development of the Ashram deposit's flow sheet, and has shipped approximately one tonne of Ashram bulk sample material to Corem's facilities in Quebec. Test work is anticipated to include grinding studies to reduce generation of fines, testing for additional REE recovery from flotation tailings, magnetic separation optimization and equipment selection, as well as optimization of reagent dosage in the project's flotation circuit. The test programs will be complementary to the work currently being completed at the company's primary metallurgical lab -- Hazen Research (CO) -- where the flow sheet is in the advanced stages of prefeasibility design. In addition, select hydrometallurgical test work is also anticipated.

Company president Chris Grove commented: "We are excited to embark on this collaboration with Corem and the MERN, which offers us the opportunity to help expand the base of REE expertise in the province of Quebec, as well as to allow for targeted optimization test work that will directly feed into the overall project development for our Ashram deposit. The province of Quebec is a top global jurisdiction to explore and develop critical and strategic mineral projects, and the funding provided here is another example of the excellent support the industry has from the province."

The Ashram deposit outcrops at surface, allowing for cost-effective collection of material for test work. As such, with approximately 11 tonnes of deposit material currently under storage in Montreal, the company is actively engaging with various research and academic institutions to support the advancement of the REE industry in Canada, and in Quebec specifically.

National Instrument 43-101 disclosure

Darren L. Smith, MSc, PGeo, Dahrouge Geological Consulting Ltd., a permit holder with the Ordre des Geologues du Quebec and qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, supervised the preparation of the technical information in this news release.

About Commerce Resources Corp.

Commerce Resources is a junior mineral resource company focused on the development of the Ashram rare earth and fluorspar deposit located in Quebec, Canada. The company is positioning to be one of the lowest cost rare earth producers globally, with a specific objective on being a long-term supplier of mixed rare earth carbonate and/or neodymium and praseodymium oxide to the global market. The Ashram deposit is characterized by simple rare earth (monazite, bastnaesite and xenotime) and gangue (carbonates) mineralogy, a large tonnage resource at favourable grade, and has demonstrated the production of high-grade (over 45 per cent REO) mineral concentrates at high recovery (over 70 per cent) in line with active global producers. In addition to being one of the largest rare earth deposits globally, Ashram is also one of the largest fluorspar deposits globally and has the potential to be a long-term supplier to the met-spar and acid-spar markets.

We seek Safe Harbor.