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Commerce Resources Corp. Resumes Work at Ashram Rare Earth Zone,
                         Eldor Property, Quebec


March 1, 2011 - Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF)
(the “Company” or “Commerce”) is pleased to announce that it has begun mobilizing field crews
in advance of the 2011 winter/spring drill program at the Ashram Rare Earth Element (“REE”)
Zone located at the Eldor Property in northeastern Quebec.

The drill program will include a minimum of six, vertical, core holes totalling 3,000 metres with
a drill rig capable of attaining depths in excess of 600 metres. Drill holes will be completed from
ice over the Centre Pond on an approximately 200-metre spaced grid. A map showing the
locations of the proposed drill holes will be posted on the Company’s website at:
http://www.commerceresources.com/s/Eldor.asp

To date, REE mineralization at the Ashram Zone has been defined by twelve holes over an area
measuring in excess of 650 metres east-west, by 350 metres north-south, to depths of 365 metres
with the majority of holes bottoming in mineralization. Mineralization at the Ashram Zone
remains open to the north, south, east, at depth, and is not fully constrained to the west. The zone
is located near the centre of the Eldor Carbonatite Complex and is coincident with a magnetic
low which measures approximately 1 kilometre by 0.8 kilometres in size.

Based on the results of the first twelve holes, SGS Geostat Ltd. of Montreal, Quebec is in the
process of completing an initial NI 43-101 compliant resource estimate for the Ashram Zone;
with an anticipated completion date of early March.

Drilling is scheduled to begin March 2nd and, in the event that favourable drill conditions persist
beyond the completion of the first six drill holes, will continue as long as weather permits.

The Eldor Property encompasses 19,006 hectares and, in addition to the Ashram REE Zone, is
host to several other niobium, tantalum, phosphate and REE targets. Altogether in 2010, 21 drill
holes totalling 5,389.98 metres were completed across the property as well as regional
prospecting, trenching and soil sampling.
2010 Niobium, Tantalum, Phosphate and REE Exploration Drilling Results

The bulk of the 2010 drilling was completed at the Ashram Zone (12 holes totalling 3,312.67
metres) with nine other holes targeting separate niobium, tantalum and phosphate targets, as well
as, a unique zone of REE mineralization.

The Company has now received all of the analytical results for the 2010 holes drilled outside of
the Ashram Zone at three separate target areas, as follows:

Southeast Zone               4 holes (1391.65 m)
Star Trench Area             3 holes (493.66 m)
MC Exposure Area             2 holes (192.00 m)

At the Southeast Zone, all holes intersected significant intervals of niobium and phosphate
mineralization. Results include some of the widest and highest grades of niobium thus far
encountered at the property, including:

   •   EC10-032: 0.43% Nb2O5 over 155.95 metres including 0.71% Nb2O5 over 15.33
       metres

   •   EC10-033: 0.58% Nb2O5 over 74.25 metres including 0.85% Nb2O5 over 19.54 metres

Carbonatites can host multiple commodities; notable examples include the Palabora Complex
(Cu, Fe, P, Zr, U, Vermiculite) in South Africa, Araxa (Nb) in Brazil, Niobec (Nb) in Quebec
and Cargill (P) in Ontario. Iamgold’s Niobec Niobium Mine in Quebec is hosted by a carbonatite
and is one of the world’s largest primary niobium producers with proven and probable reserves
of 32.09 MT at 0.56% Nb2O5.

At the MC Exposure Area, REE mineralization was encountered in two holes, further
highlighting the potential for additional REE discoveries outside of the Ashram Zone. Highlights
include:

   •   EC10-037: 1.08% total rare earth oxides (“TREO”) over 18.94 m including 1.73%
       TREO over 7.87 metres

The MC Exposure Area is located more than 4.8 kilometres east-southeast of the Ashram Zone
and is situated within a regional magnetic low. The drilled area is located near the southeast
extremity of a soil geochemical anomaly which extends for more than 4 kilometres in length.

A map showing the location of all of the drill holes drilled outside of the Ashram Zone will be
posted on the Company’s website at: http://www.commerceresources.com/s/Eldor.asp
Further highlights from the drilling outside of the Ashram Zone are as follows:

           Hole            From       To       Width     Nb2O5     Ta2O5      P 2O 5   TREO
                            (m)       (m)       (m)       (%)       (g/t)     (%)       (%)
      Southeast Zone
        EC10-032           55.10     211.05    155.95    0.43%       -       5.38%     0.31
          (incl.)          55.10     70.43     15.33     0.71%       -       6.55%     0.38
        EC10-033            4.22     78.47     74.25     0.58%       -       8.91%     0.47
           incl.            4.22     25.57     21.35     0.72%       -       9.60%     0.51
           incl.           58.93     78.47     19.54     0.85%       -       8.88%     0.48
        EC10-040           144.68    178.61    33.93     0.48%      330      7.22%     0.35
           incl.           250.48    256.32     5.84     1.09%       -       9.84%     0.55
        EC10-041           48.81     105.47    56.66     0.40%       -       5.69%     0.34
           incl.           213.79    226.06    12.27     0.41%      240      6.38%     0.31

     MC Exposure Area
        EC10-037           29.56     48.50     18.94       -         -            -    1.08%
          incl.            29.56     37.43      7.87       -         -            -    1.73%
        EC10-038           11.67     18.20     6.53        -         -            -    1.30%

     Star Trench Area
         EC10-034          51.00     57.13      6.13     0.26%      400      6.90%       -
         EC10-035          90.33     95.67      5.34     0.35%      430      4.37%       -
         EC10-036          59.91     60.54      0.63     0.44%      590      14.03%      -



All samples were analyzed by Activation Laboratories of Ancaster, Ont. using its Method 8 -
major oxide, rare earths and trace element package by fusion ICP and ICP/MS. The four most
abundant REEs that constitute the TREO reported in this news release are: Cerium,
Lanthanum/Neodymium and Praseodymium. TREO refers to the sum of Lanthanum through
Lutetium plus Yttrium, reported as oxides. As the orientation of the mineralization zones are
uncertain, drilled thickness is not necessarily true thickness.

Grant of Options

The Company also announces that it has granted a total of 2,705,000 incentive stock options to
directors, officers and consultants. Subject to the acceptance of the TSX Venture Exchange, each
stock option is exercisable into one common share of the Company at a price of $0.81 per share
for a period of five years.
NI 43-101 Disclosure
Darren L. Smith, M.Sc., P.Geol., a 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 tantalum, niobium and rare earth element deposits with a potential for economic grades and
large tonnages.

For more information please visit the corporate website at http://www.commerceresources.com
or contact Investor Relations at 1.866.484.2700 or info@commerceresources.com.

On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.




David Hodge
President and Director
Tel: 604 484 2700
TF: 866.484.2700
Email: info@commerceresources.com
Web: http://www.commerceresources.com

 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
           TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward Looking Statements
This news release may contain forward-looking information and 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 information is based on the opinions and estimates of management and its consultants
at the date the information is given. It is subject 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.
Information is based on reasonable assumptions which include but are not limited to the timing and content of the
resource estimate on the Eldor Property, upcoming work programs as well as geological interpretations of the Eldor
Property. Forward-looking statements address future events and conditions and therefore involve inherent risks and
uncertainties. Actual results may differ materially from those currently anticipated in such statements.

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.

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News Release: Start of Winter Drill Program at Eldor's Ashram Rare Earth Zone

  • 1. Commerce Resources Corp. Resumes Work at Ashram Rare Earth Zone, Eldor Property, Quebec March 1, 2011 - Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) (the “Company” or “Commerce”) is pleased to announce that it has begun mobilizing field crews in advance of the 2011 winter/spring drill program at the Ashram Rare Earth Element (“REE”) Zone located at the Eldor Property in northeastern Quebec. The drill program will include a minimum of six, vertical, core holes totalling 3,000 metres with a drill rig capable of attaining depths in excess of 600 metres. Drill holes will be completed from ice over the Centre Pond on an approximately 200-metre spaced grid. A map showing the locations of the proposed drill holes will be posted on the Company’s website at: http://www.commerceresources.com/s/Eldor.asp To date, REE mineralization at the Ashram Zone has been defined by twelve holes over an area measuring in excess of 650 metres east-west, by 350 metres north-south, to depths of 365 metres with the majority of holes bottoming in mineralization. Mineralization at the Ashram Zone remains open to the north, south, east, at depth, and is not fully constrained to the west. The zone is located near the centre of the Eldor Carbonatite Complex and is coincident with a magnetic low which measures approximately 1 kilometre by 0.8 kilometres in size. Based on the results of the first twelve holes, SGS Geostat Ltd. of Montreal, Quebec is in the process of completing an initial NI 43-101 compliant resource estimate for the Ashram Zone; with an anticipated completion date of early March. Drilling is scheduled to begin March 2nd and, in the event that favourable drill conditions persist beyond the completion of the first six drill holes, will continue as long as weather permits. The Eldor Property encompasses 19,006 hectares and, in addition to the Ashram REE Zone, is host to several other niobium, tantalum, phosphate and REE targets. Altogether in 2010, 21 drill holes totalling 5,389.98 metres were completed across the property as well as regional prospecting, trenching and soil sampling.
  • 2. 2010 Niobium, Tantalum, Phosphate and REE Exploration Drilling Results The bulk of the 2010 drilling was completed at the Ashram Zone (12 holes totalling 3,312.67 metres) with nine other holes targeting separate niobium, tantalum and phosphate targets, as well as, a unique zone of REE mineralization. The Company has now received all of the analytical results for the 2010 holes drilled outside of the Ashram Zone at three separate target areas, as follows: Southeast Zone 4 holes (1391.65 m) Star Trench Area 3 holes (493.66 m) MC Exposure Area 2 holes (192.00 m) At the Southeast Zone, all holes intersected significant intervals of niobium and phosphate mineralization. Results include some of the widest and highest grades of niobium thus far encountered at the property, including: • EC10-032: 0.43% Nb2O5 over 155.95 metres including 0.71% Nb2O5 over 15.33 metres • EC10-033: 0.58% Nb2O5 over 74.25 metres including 0.85% Nb2O5 over 19.54 metres Carbonatites can host multiple commodities; notable examples include the Palabora Complex (Cu, Fe, P, Zr, U, Vermiculite) in South Africa, Araxa (Nb) in Brazil, Niobec (Nb) in Quebec and Cargill (P) in Ontario. Iamgold’s Niobec Niobium Mine in Quebec is hosted by a carbonatite and is one of the world’s largest primary niobium producers with proven and probable reserves of 32.09 MT at 0.56% Nb2O5. At the MC Exposure Area, REE mineralization was encountered in two holes, further highlighting the potential for additional REE discoveries outside of the Ashram Zone. Highlights include: • EC10-037: 1.08% total rare earth oxides (“TREO”) over 18.94 m including 1.73% TREO over 7.87 metres The MC Exposure Area is located more than 4.8 kilometres east-southeast of the Ashram Zone and is situated within a regional magnetic low. The drilled area is located near the southeast extremity of a soil geochemical anomaly which extends for more than 4 kilometres in length. A map showing the location of all of the drill holes drilled outside of the Ashram Zone will be posted on the Company’s website at: http://www.commerceresources.com/s/Eldor.asp
  • 3. Further highlights from the drilling outside of the Ashram Zone are as follows: Hole From To Width Nb2O5 Ta2O5 P 2O 5 TREO (m) (m) (m) (%) (g/t) (%) (%) Southeast Zone EC10-032 55.10 211.05 155.95 0.43% - 5.38% 0.31 (incl.) 55.10 70.43 15.33 0.71% - 6.55% 0.38 EC10-033 4.22 78.47 74.25 0.58% - 8.91% 0.47 incl. 4.22 25.57 21.35 0.72% - 9.60% 0.51 incl. 58.93 78.47 19.54 0.85% - 8.88% 0.48 EC10-040 144.68 178.61 33.93 0.48% 330 7.22% 0.35 incl. 250.48 256.32 5.84 1.09% - 9.84% 0.55 EC10-041 48.81 105.47 56.66 0.40% - 5.69% 0.34 incl. 213.79 226.06 12.27 0.41% 240 6.38% 0.31 MC Exposure Area EC10-037 29.56 48.50 18.94 - - - 1.08% incl. 29.56 37.43 7.87 - - - 1.73% EC10-038 11.67 18.20 6.53 - - - 1.30% Star Trench Area EC10-034 51.00 57.13 6.13 0.26% 400 6.90% - EC10-035 90.33 95.67 5.34 0.35% 430 4.37% - EC10-036 59.91 60.54 0.63 0.44% 590 14.03% - All samples were analyzed by Activation Laboratories of Ancaster, Ont. using its Method 8 - major oxide, rare earths and trace element package by fusion ICP and ICP/MS. The four most abundant REEs that constitute the TREO reported in this news release are: Cerium, Lanthanum/Neodymium and Praseodymium. TREO refers to the sum of Lanthanum through Lutetium plus Yttrium, reported as oxides. As the orientation of the mineralization zones are uncertain, drilled thickness is not necessarily true thickness. Grant of Options The Company also announces that it has granted a total of 2,705,000 incentive stock options to directors, officers and consultants. Subject to the acceptance of the TSX Venture Exchange, each stock option is exercisable into one common share of the Company at a price of $0.81 per share for a period of five years.
  • 4. NI 43-101 Disclosure Darren L. Smith, M.Sc., P.Geol., a 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 tantalum, niobium and rare earth element deposits with a potential for economic grades and large tonnages. For more information please visit the corporate website at http://www.commerceresources.com or contact Investor Relations at 1.866.484.2700 or info@commerceresources.com. On Behalf of the Board of Directors COMMERCE RESOURCES CORP. David Hodge President and Director Tel: 604 484 2700 TF: 866.484.2700 Email: info@commerceresources.com Web: http://www.commerceresources.com Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward Looking Statements This news release may contain forward-looking information and 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 information is based on the opinions and estimates of management and its consultants at the date the information is given. It is subject 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. Information is based on reasonable assumptions which include but are not limited to the timing and content of the resource estimate on the Eldor Property, upcoming work programs as well as geological interpretations of the Eldor Property. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. 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.