Commerce Resources Corp. engages Deloitte Global Metals & Mining Advisory Group as strategic advisor

Jeremy South, Deloitte's Global Mining M&A Leader. — Photo courtesy Financial Mail

Commerce Resources Corp. (TSXv: CCE, FSE: D7H) (the "Company" or "Commerce") is pleased to announce that Deloitte Global Metals & Mining Group ("Deloitte") has been engaged to assist the Company in identifying and evaluating processing partnerships, financing joint ventures, and/or offtake opportunities for the development of its 100% owned Ashram Rare Earth Element Deposit in Quebec, and Upper Fir Tantalum and Niobium Deposit in British Columbia, Canada.

Commerce President Chris Grove states: "We are impressed by the track record of Deloitte in connecting mineral projects to joint venture partners and we look forward to working with them for the development of both of our assets. Historically, Deloitte has been successful in connecting companies with joint venture partners from China, Japan and Korea and we are excited to be working with them in this region".

Jeremy South, Deloitte's Global Mining M&A Leader commented, "Our team of Mining M&A professionals in Canada and Asia will work closely with Commerce's management team to achieve its goal of accelerating the development of both the Ashram Rare Earth Element Deposit and the Upper Fir Tantalum and Niobium Deposit via securing a long-term strategic partner. We look forward to leveraging our global reach and expertise to assist Commerce."

About Deloitte Global Metals & Mining Advisory Group

Deloitte's Global Metals & Mining Advisory Group offers sophisticated investment banking advice to companies participating in transactions globally. With over 3,000 M&A Advisory professionals, Deloitte has one of the largest M&A practices in the world. It has an extensive presence in Asia Pacific - with over 900 M&A professionals based in this region. Deloitte is also a leading global provider of professional services to the metals & mining sector with extensive experience advising on project finance transactions. The core service team working with Commerce will be based in Vancouver, Beijing, Seoul, Tokyo and Frankfurt; also drawing on experienced Deloitte professionals in Toronto, Singapore, London and Perth.

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 Element Deposit in Quebec and the Blue River Tantalum-Niobium Project in British Columbia.