Commerce Resources Corp. (TSXv: CCE, FSE: D7H0, OTCQX: CMRZF) (the 'Company' or 'Commerce') is pleased to announce that it has completed its first shipment of a mixed rare earth carbonate ('mixed REC') concentrate sample to a major global producer of rare earth elements ('REEs') for evaluation. The sample (gram quantities) meets typical market specifications and was produced as part of the Company's ongoing scale-up to larger kilogram quantities.

The sample follows the initial gram quantities of mixed REC sample produced by the Company, announced March 23rd, 2022. The Company is pleased to report the new sample has a neodymium (Nd) plus praseodymium (Pr) distribution - i.e. % of Nd+Pr oxide of the total rare earth oxide ('REO') - of 24.2%, which is significantly higher than that reported by several major global producers, and that of the previous samples produced (21.6% and 22.4% NdPr). Additionally, the mixed REC sample grades 53.9% REO, with 1.0 ppm Th, and

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