Mr. Ian Graham reports

COMMERCE RESOURCES AND MONT ROYAL RESOURCES ANNOUNCE ISSUE OF INCENTIVE OPTIONS AND PERFORMANCE SHARE UNITS

Commerce Resources Corp. has granted an aggregate of three million incentive stock options to purchase up to three million common shares of the company, equally to Nicholas Holthouse, Jeremy Robinson and Adam Ritchie, under its equity incentive plan. The options are exercisable for a period of three years from the date of grant, expiring on July 28, 2028, at a price of 13.9 cents per share. The options all vest immediately.

Further, the company has issued 15 million performance share units (PSU) to convert up to 15 million shares to certain officers under its equity incentive plan. Nine million PSUs are to be issued to Mr. Holthouse (chief executive officer and president), and a further three million PSUs are to be issued to Mr. Robinson and Mr. Ritchie, respectively. The PSUs will expire on July 12, 2028, for Mr. Holthouse, and July 28, 2028, for Mr. Robinson and Mr. Ritchie.

We seek Safe Harbor.