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June 21, 2016 - Commerce Resources Corp. (TSXv: CCE; FSE: D7H) (the 'Company' or 'Commerce') is pleased to announce that it has filed an amended and restated final short form prospectus, amending and restating the short form prospectus dated February 25, 2016, with the securities regulatory authorities in the Provinces of British Columbia, Alberta and Ontario in connection with a best efforts offering of units (the 'Units') of the Company at a reduced price of $0.075 per Unit for gross proceeds of a minimum of $1 million and up to a maximum of $3 million (the 'Offering'). The Offering is being conducted by Secutor Capital Management Corporation (the 'Agent'). The over-allotment option granted to the Agent remains, whereby the Agent may sell up to an additional 15% of the Offering on the same terms and conditions, exercisable at any time following the closing of the Offering for a period of 30 days.

Each Unit will still consist of one common share of the Company and one common share purchase warrant (each, a 'Warrant') with each Warrant entitling the holder to acquire an additional common share of Commerce (a 'Warrant Share') at a reduced price of $0.10 per Warrant Share at any time before 4:30 p.m. (Vancouver time) on the date that is 24 months after the closing of the Offering.

The Company intends to use the net proceeds from the Offering to advance the Company's Ashram Rare Earth Element Deposit in Quebec and for general working capital purposes.

To reflect the reduced pricing of the Offering, the Company and the Agent entered into an Amended and Restated Agency Agreement. With the exception of the amended pricing and certain dates, the terms of original agency agreement remain, whereby the Company has agreed to: (i) pay the Agent a cash commission (the 'Agent's Fee') equal to 7% of the gross proceeds of the Offering and a reduced cash commission of 2% on purchasers, if any, whose name appear on the list of purchasers to the Offering to the Agent by insiders of the Company (the 'President's List'); and (ii) issue to the Agent share purchase warrants (each, an 'Agent's Warrant') with each Agent's Warrant entitling the Agent to acquire that number of common shares in the capital of Commerce equal to 7% of the number of Units sold under the Offering and a reduced number Agent's Warrants equal to 2% on purchasers, if any, whose name appear on the President's List.

The closing of the Offering is expected to occur on or about June 30, 2016, or on such other date as the Company and the Agent may agree, but in any event no later than the 180 day after February 26, 2016. The Offering is subject to customary conditions and regulatory approval, including that of the TSX Venture Exchange.

The securities offered under the Offering have not been and will not be registered under the United States Securities Act of 1933, as amended (the '1933 Act'), or any state securities laws of the United States. Accordingly, these securities will not be offered or sold to persons within the United States unless an exemption from the registration requirements of the 1933 Act and applicable state securities laws is available.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein.

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].

On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.

'Chris Grove'
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 the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Legal Notice Regarding Forward-Looking Statements

This news release contains 'forward-looking statements,' as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among others, the expectations and/or claims, as applicable.

Forward-looking statements in this news release include current expectations on completion of the Offering, the use of proceeds from the Offering and the expected closing date of the Offering. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to, the strength of the Canadian economy; the price of tantalum and niobium and rare earth elements; operational, funding, and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; the degree to which factors which would make a mineral deposit commercially viable are present; and the risks and hazards associated with exploration or development programs. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure materials, including its annual information form and MD&A, filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. The Company assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law.