Commerce Resources Corp. (TSXv: CCE, FSE: D7H0, OTCQX: CMRZF) (the 'Company' or 'Commerce') is pleased to report that, further to its news release dated October 27, 2022, where it announced a successful scale-up of its process flowsheet to kilogram quantities of mixed rare earth carbonate ('mixed REC'), it has satisfied an additional third-party sample request.

A 100 g sample of mixed REC, with an NdPr oxide distribution of 21.9%, has been shipped to a major global processor of rare earth elements ('REEs') located outside of China. The sample meets typical market specifications and was produced as part of the Company's scale-up from gram quantities (see news releases dated March 23, May 12, July 15, and October 27, 2022) to larger kilogram quantities. The mixed REC sample, with a formula of REE2(CO3)3(H2O)8 as determined by XRD, contains approximately 52% REO,

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