Commerce Resources Corp. to Present at the 2020 CMP Conference on Flotation Scale-up in REE Mineral Processing

Commerce Resources Corp. to Present at the 2020 CMP Conference on

Flotation Scale-up in REE Mineral Processing

January 7th, 2020– Commerce Resources Corp. (TSXv: CCE, FSE: D7H0) (the “Company” or

“Commerce”) is pleased to announce that, through its collaboration with its colleagues from

Université Laval (“Laval”), will be presenting a paper and oral presentation at the upcoming 52nd

Annual Canadian Mineral Processors Operators (“CMP”) conference to be held in Ottawa, ON,

January 21st to 23rd, 2020.

With respect to mineral processing flowsheet s for rare earth element (“REE”) projects , the

challenges of scale-up from bench level testing is rarely discussed in meaningful detail. However,

an understanding of the potential challenges is essential to effective scale -up for maintaining

performance and reagent consumption rates, while estimating capital and operating expenditures

accurately. Such challenges are not uncommon in the REE space ; however, these may be more

difficult for deposits with complicated or poorly understood rare earth mineralogy, thus

highlighting the need for academic/industry discussion and collaboration. Correspondingly, the

Ashram Deposit, with its simple rare earth and gangue mineralogy, and resultant well-understood

processing techniques, potentially presents a base case scenario for some issues, and therefore, the

test data generated by Laval has been used to formulate cautionary guidance for scale-up and large-

scale concentrate production , potentially applicable to all rare earth projects regardless of

mineralogy.

The paper is titled Challenges of Scale-Up in Grinding and Flotation of Rare Earth Minerals” and

will be published for global distribution in a CMP Proceedings volume following the conference.

The oral presentation will take place at 1:50 PM on January 23rd during the Flowsheet & Process

Control session. The paper and oral presentation outline a 2018-2019 case study documenting the

grinding and flotation testwork completed by Laval, at the lab/bench (1 kg) and larger (10-30 kg)

scale, on material from the Ashram Rare Earth and Fluorspar Deposit.

The lead author on the paper is Jean-François Boulanger, an Assistant Professor at the Université

du Québec en Abitibi-Témiscamingue (UQAT) in Rouyn-Noranda, and former PhD student with

Université Laval. Mr. Boulanger was the lead Project Manager on the Ashram metallurgical test

program completed at Laval in 2018-2019 (see news release dated August 1, 2019). Mr. Claude

Bazin, Professor and Project Supervisor at Laval, and Mr. Darren L. Smith, Ashram Project

Manager, are second and third authors, respectively.

NI 43-101 Disclosure

Darren L. Smith, M.Sc., P.Geo., Dahrouge Geological Consulting Ltd., a Permit holder with the

Ordre des Géologues du Québec and Qualified Person as defined by National Instrument 43-101,

supervised the preparation of the technical information in this news release.

About Commerce Resources Corp.

Commerce Resources Corp. 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 and Fluorspar Deposit in Quebec and the Upper Fir Tantalum -Niobium

Deposit in British Columbia.

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

email [email protected].

On Behalf of the Board of Directors

COMMERCE RESOURCES CORP.

“Chris Grove”

Chris Grove

President and Director

Tel: 604.484.2700

Email: [email protected]

Web: http://www.commerceresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defi ned in policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This news release contains forward-looking information which is subject to a variety of risks and uncertainties and

other factors that could cause actual events or results to differ from those projected in the forward -looking

statements. Forward looking s tatements in this press release include the presumption that the Ashram Deposit

potentially presents a base case scenario for some issues potentially applicable to all rare earth projects regardless

of minerology . These forward -looking statements are subj ect to a variety of risks and uncertainties and other

factors that could cause actual events or results to differ materially from those projected in the forward -looking

information. Risks that could change or prevent these statements from coming to fruitio n include changing costs

for mining and processing; increased capital costs; the timing and content of upcoming work programs and reports

produced on work done ; geological interpretations based on drilling that may change with more detailed

information; po tential process methods and mineral recoveries assumption based on limited test work and by

comparison to what are considered analogous deposits that with further test work may not be comparable; testing

of our process may not prove successful and even it tests are successful, the economic and other outcomes may

not be as expected; the availability of labour, equipment and markets for the products produced; and despite the

current expected viability of the project, conditions changing such that the minerals on our property cannot be

economically mined, or that the required permits to build and operate the envisaged mine can be obtained. The

forward-looking information contained herein is given as of the date hereof and the Company assumes no

responsibility to update or revise such information to reflect new events or circumstances, except as required by

law.