Commerce Resources Corp. Intersects Significant Heavy Rare Earth Element Mineralization at Ashram, Eldor Project in Quebec

Commerce Resources Corp. (TSXV:CCE,FWB:D7H,OTCQX:CMRZF) is pleased to report the results for the first two drill holes completed during the summer/fall exploration program at the Ashram Rare Earth Element (“REE”) Zone at the Eldor Project in northern Quebec.

Some highlights of the drill results include:

• Results from EC11-056 include 1.76% Total Rare Earth Oxides (“TREO”) over 44.56 metres with a MHREO/TREO ratio of 15.6%; including 1.28% TREO over 12.26 metres with a MHREO/TREO ratio of 27.9%.
• Of particular importance are the high values of dysprosium, europium, terbium and yttrium as well as enrichment in neodymium (neodymium consistently exceeds 15% of the TREO) which compare favorably with other advanced rare earth deposits.
• The main area of MHREO enrichment is more extensive than previously thought and may exist at higher grades near to or exceeding the deposit average (1.74% TREO) as defined from the recent 43-101 resource estimate (SGS Canada Inc. – Geostat, April 2011).

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