MRZL.V · 2019-08-12 12:00:00

Commerce Resources Corp. Announces Approval of Share Consolidation

Corporate Actions

CW13939765.1

August 12, 2019 – Commerce Resources Corp. (TSXv: CCE, FSE: D7H) (the “Company” or

“Commerce”) announces that, further to its News Rel ease of July 29, 2019, the TSX Venture

Exchange has approved the consolidation of the common shares of the Company (each, a “Share ”)

on the basis of ten (10) pre-consolidation Shares f or one (1) post-consolidation Share

(the “ Consolidation ”). The Consolidation will become effective at the opening of the market on

August 15, 2019. The Company’s symbol shall remain as “CCE”. Currently, a total of

310,496,558 Shares are issued and outstanding. Acco rdingly, upon the Consolidation becoming

effective, a total of 31,049,655 Shares, subject to adjustments for rounding, will be issued and

outstanding. There is no maximum number of authorized Shares.

Computershare Investor Services Inc. (“ Computershare ”) will mail letters of transmittal to the

shareholders providing instructions on exchanging p re-Consolidation share certificates for post-

Consolidation share certificates. Shareholders are encouraged to send their share certificates,

together with their letter of transmittal, to Compu tershare in accordance with the instructions in

the letter of transmittal.

About Commerce Resources Corp.

Commerce Resources Corp. is an exploration and deve lopment 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 Upper Fir Tantalum-Niobium

Deposit in British Columbia.

For more information, please visit the corporate we bsite at www.commerceresources.com or

On Behalf of the Board of Directors

COMMERCE RESOURCES CORP.

“ Chris Grove ”

Chris Grove

President and Director

Tel: 604.484.2700

Web: http://www.commerceresources.com

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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.