Mr. Ian Graham reports

COMMERCE RESOURCES ANNOUNCES 2025 ANNUAL GENERAL AND SPECIAL MEETING RESULTS

At the annual general and special meeting of shareholders of Commerce Resources Corp. held earlier today, Commerce Resources shareholders overwhelmingly voted in favour of approving the special resolution authorizing the previously announced plan of arrangement whereby Mont Royal Resources Ltd. will acquire all of the issued and outstanding common shares in the capital of the company, and, in exchange, Commerce Resources shareholders will receive 2.3721 common shares in the capital of MRZ for each Commerce Resources share held on a pre-MRZ consolidation basis.

Assuming that all remaining approvals are obtained and all other remaining conditions precedent to the completion of the arrangement are satisfied or waived, the company anticipates that the arrangement will be completed in or around late October, 2025. Completion of the arrangement remains subject to, among other things, satisfaction of all conditions precedent to the completion of the arrangement, including the final approval of the Supreme Court of British Columbia and the approval for listing of the MRZ shares on the TSX Venture Exchange and for reinstatement on the Australian Securities Exchange. The hearing for the final order of the Supreme Court of British Columbia to approve the arrangement is scheduled to take place on Oct. 15, 2025. Further details regarding the arrangement are set out in the company circular, which is available under the company's issuer profile on SEDAR+.

At the meeting, the Commerce Resources shareholders also elected Jeremy Robinson, Ian Graham and Adam Ritchie as directors of the company for the forthcoming year, and approved the reappointment of DeVisser Gray LLP, chartered professional accountants, as the auditor of the company for the fiscal year ending Oct. 31, 2025, and authorized the directors of the company to fix its remuneration.

We seek Safe Harbor.