NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

Commerce Resources Corp. (TSXv: CCE; FSE: D7H; OTCQX: CMRZF) (the “Company” or “Commerce”) announces that further to its news release dated November 23, 2012, the Company has increased the non-brokered portion of the private placement from 6,666,667 units at $0.18 per unit to 7,336,664 units for gross proceeds of $1,320,599.70.

The flow-through units will consist of one flow-through common share and one half of one non-transferable share purchase warrant. Each whole share purchase warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.25 per share for a period of 18 months from the date of issuance.

The securities issued will be subject to a four-month hold period from the date of closing. The private placement is subject to the approval of the TSX Venture Exchange. The proceeds from the unit offering will be utilized for qualified exploration expenditures on the Company’s Blue River Tantalum and Niobium, and Eldor Rare Earth Element Projects.

On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.

David Hodge
President and Director
Tel: 604.484.2700
TF: 866.484.2700
Email: dhodge@commerceresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include that Commerce Resources Corp. will complete a non-brokered private placement for gross proceeds of up to $1,320,599.70.

It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental and technological factors that may affect the Company’s operations, markets, products and prices. Investors who have indicated their investment intent may not close as expected. Readers should refer to the risk disclosures outlined in the Company’s Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.