Commerce Resources Corp. Announces Private Placement

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

April 21, 2017 - Commerce Resources Corp. (TSXv: CCE; FSE: D7H) (the “Company”) is pleased to announce that, subject to regulatory approval, it has arranged a non-brokered private placement financing (the “Offering”) of up to 16,666,667 units (each, a “Unit”) at a price of $0.06 per Unit. Each Unit consists of one common share of the Company (each, a “Share”) and one share purchase warrant (each, a “Warrant”). One Warrant entitles the holder thereof to purchase one additional Share of the Company at a price of $0.075 per Share in the first year after issuance and at $0.10 per Share in the second year after issuance.

Closing of the Offering remains subject to final acceptance of the TSX Venture Exchange. The Company may pay finder’s fees in connection with the issuance of the Units under the Offering. The Shares, the Warrants and the Shares issuable on exercise of the Warrants will be subject to a statutory hold period expiring on the date that is four months and one day after closing of the Offering. The Offering may be considered a related party transaction pursuant to applicable securities laws due to the fact that certain insiders of the Company may participate in the Offering.

The proceeds of the Financing will be used for working capital.

None of the securities issued in connection with the financing will be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.

About Commerce Resources Corp.

Commerce 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.

For more information on Commerce Resources Corp., visit the corporate website at http://www.commerceresources.com or email [email protected].

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On Behalf of the Board of Directors

COMMERCE RESOURCES CORP.

Chris Grove President and Director Tel: 604.484.2700 TF: 866.484.2700 Email: [email protected] Web: http://www.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.  

Disclaimer  for  Forward-­‐Looking  Information  

Certain   statements   in   this   press   release   related   to   the   Offering   and   the   securities   issuable   thereunder   are   forwardlooking statements  and  are  prospective  in  nature.  Forward-­‐looking  statements  are  not  based  on  historical  facts,  but  rather  on  current expectations  and  projections  about  future  events,  and  are  therefore  subject  to  risks  and  uncertainties  which  could  cause  actual results  to  differ  materially  from  the  future  results  expressed  or  implied  by  the  forward-­‐looking  statements.  These  statements generally  can  be  identified  by  the  use  of  forward-­‐looking  words  such  as  “may”,  “should”,  “will”,  “could”,  “intend”,  “estimate”, “plan”,   “anticipate”,   “expect”,   “believe”   or   “continue”,   or   the   negative   thereof   or   similar   variations.   Forward-­‐looking statements   in   this   news   release   include   statements   regarding   the   proceeds   to   be   raised   pursuant   to   the   Offering,   resale restrictions   relating   to   the   securities   to   be   issued,   the   use   of   proceeds   of   Offering   and   receipt   of   the   approval   of   the   TSX Venture   Exchange.   Such   statements   are   qualified   in   their   entirety   by   the   inherent   risks   and   uncertainties   surrounding   the Company’s  ability  to  complete  the  Offering,  including  the  risk  that  the  Offering  may  not  be  completed  as  expected  or  at  all,  that the  proceeds  of  the  Offering  may  be  used  other  than  as  set  out  in  this  news  release,  that  the  TSX  Venture  Exchange  may  not approve   the   Offering   and   such   other   factors   beyond   the   control   of   the   Company.   Such   forward-­‐looking   statements   should therefore   be   construed   in   light   of   such   factors,   and   the   Company   is   not   under   any   obligation,   and   expressly   disclaims   any intention  or  obligation,  to  update  or  revise  any  forward-­‐looking  statements,  whether  as  a  result  of  new  information,  future events  or  otherwise.

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