Commerce Resources Corp. (TSXv: CCE; FSE: D7H) (the “Company”) announces that it has applied to the TSX Venture Exchange for approval to reduce the Year 2 exercise price from $0.10 to $0.08 for the warrants (the “Warrants”) issued on February 16, 2017. In all other respects, the terms of the Warrants will remain unchanged and in full force and effect.

About Commerce Resources Corp.

Commerce Resources Corp. is an exploration and development company with a particular focus on deposits of rare metals and rare earth elements. The Company is focused on the development of its Ashram Rare Earth Element Deposit in Quebec and the Blue River Tantalum-Niobium Deposit in British Columbia.

On Behalf of the Board of Directors

COMMERCE RESOURCES CORP.

“Chris Grove”

Chris Grove

President and Director

Tel: 604.484.2700

Email: cgrove@commerceresources.com

Web: https://commerceresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.