Commerce Resources Corp. Files NI 43-101 Preliminary Economic Assessment             Technical Report for Ashram Rare Eart...
-2-Forward-Looking StatementsThis news release contains forward-looking information which are subject to a variety of risk...
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News Release: Filing of Preliminary Economic Assessment Technical Report for Ashram Rare Earth Deposit

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Commerce Resources Corp. (TSXv: CCE) announced that it has filed its Preliminary Economic Assessment Technical Report for the Ashram Rare Earth Element Deposit in Quebec.

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News Release: Filing of Preliminary Economic Assessment Technical Report for Ashram Rare Earth Deposit

  1. 1. Commerce Resources Corp. Files NI 43-101 Preliminary Economic Assessment Technical Report for Ashram Rare Earth Element DepositJuly 5, 2012 – Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) (the “Company”)announces that, further to its news release of May 24, 2012, it has filed its National Instrument 43-101Technical Report entitled, “Preliminary Economic Assessment, Ashram Deposit for Commerce ResourcesCorp.” (“PEA”) dated July 5, 2012, on SEDAR at http://www.sedar.com. The report has also been posted tothe Company’s website at http://www.commerceresources.com.The following Qualified Persons for the PEA, as defined by National Instrument 43-101, are SGS Geostatemployees, based out of Montreal (Blainville): Gaston Gagnon, Principal Mining Engineer, Ing. and GilbertRousseau, Principal Metallurgical Engineer, Ing. The findings of the PEA indicate that the deposit can bedeveloped economically as an open-pit mine and recommends future work applicable to the pre-feasibilityand feasibility phases of economic evaluation. The Eldor Property is located within the Labrador Trough,northeastern Quebec, approximately 130 kilometers south of the community of Kuujjuaq.About Commerce Resources Corp.Commerce Resources Corp. is focused on building shareholder value through the discovery and developmentof Canadian rare metal and rare earth element deposits. Commerce’s principal assets are its Blue RiverTantalum-Niobium Project in British Columbia and its Eldor Rare Earth Project in Quebec. CommerceResources Corp. trades on the TSX Venture Exchange under the symbol “CCE”, the Frankfurt StockExchange under the symbol “D7H” and the U.S. OTCQX under the symbol “CMRZF.”For more information on Commerce Resources Corp. visit the corporate website or contact investor relationsat 1.866.484.2700 or info@commerceresources.com.On Behalf of the Board of DirectorsCOMMERCE RESOURCES CORP.“David Hodge”David HodgePresident and DirectorTel: 604.484.2700TF: 866.484.2700Email: dhodge@commerceresources.comNeither 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.CW5438820.1
  2. 2. -2-Forward-Looking StatementsThis news release contains forward-looking information which are subject to a variety of risks and uncertainties and other factors that couldcause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this pressrelease include that that the Ashram deposit can be developed economically as an open-pit mine and recommends future work applicable tothe pre-feasibility and feasibility phases of economic evaluation; and that we can build shareholder value through the discovery anddevelopment of Canadian rare metal and rare earth element deposits. These forward-looking statements are based on the opinions andestimates of management and its consultants at the date the information is disseminated. They are subject to a variety of risks anduncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-lookinginformation. Risks that could change or prevent these statements from coming to fruition include changing costs for mining andprocessing; changing forecasts of mine production rates; the timing and content of upcoming work programs; geological interpretationsbased on drilling that may change with more detailed information; potential process methods and mineral recoveries assumption based onlimited test work; the availability of labour, equipment and markets for the products produced; market pricing for the products produced;and despite the current expected viability of the project, conditions changing such that the minerals on our property cannot be economicallymined, or that the required permits to build and operate the envisaged mine can be obtained. The forward-looking information containedherein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new eventsor circumstances, except as required by law.CW5438820.1

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