Mr. Ian Graham reports

COMMERCE RESOURCES CORP. ANNOUNCES GRANT OF STOCK OPTIONS UNDER EQUITY INCENTIVE PLAN

Commerce Resources Corp. has granted an aggregate of 2.5 million incentive stock options to purchase up to 2.5 million common shares of the company to certain officers and consultants under its equity incentive plan. The options are exercisable for a period of three years from the date of grant, expiring on March 18, 2028, at a price of 12 cents per share. The options all vest immediately.

Commerce's interim president and chief executive officer, Jeremy Robinson, said, "As we finalize our plans to complete a dual listing on the Australian Securities Exchange (ASX) and progress the Ashram project to the next stage, it is important that we retain and incentivize the people that have discovered this world-class deposit and advanced it to where it is today."

All options and the shares underlying such options are subject to a hold period of four months and one day from the date of issuance.

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 within the Eldor property, in Northern Quebec, Canada. 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 (more than 30 to 45 per cent TREO (total rare-earth oxides)) mineral concentrates at high recovery (more than 60 to 75 per cent), in line with active global producers.

The Ashram deposit also has a fluorspar component, which makes it one of the largest potential sources of fluorspar in the world, and could be a long-term supplier to the met-spar and acid-spar markets. The company is positioning to be one of the lowest-cost rare earth producers globally, with a specific focus on being a long-term supplier of mixed rare earth carbonate and/or NdPr oxide to the global market.

Additionally, Commerce is committed to exploring the potential of other high-value commodities on the property, such as niobium and phosphate minerals, which may help advance Ashram by reducing costs through shared development.

We seek Safe Harbor.