Commerce Resources Corp. announced a non-brokered private placement of 10,700,000 flow through common shares at a price of CAD 0.28 per share for gross proceeds of CAD 2,996,000 on December 15, 2021. Insiders may participate in the transaction. Finders' fees may be payable in connection with the transaction in accordance with the policies of the TSX Venture Exchange. All securities issued in connection with the transaction will be subject to a statutory hold period expiring four months and one day after closing of the transaction. The transaction is subject to the approval of the TSX Venture Exchange.