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AMEC Americas Limited (AMEC) was commissioned by Commerce Resources Corp., to provide a Preliminary Assessment (PA) of Commerce’s wholly-owned Blue River tantalum and niobium Project (the Project) located in the Province of British Columbia. As part of the on-going PA, AMEC completed an
independent Qualified Person’s review and prepared an updated mineral resource estimate. This report documents the updated mineral resource estimate for the
Upper Fir and Bone Creek areas, collectively herein called the Blue River deposit.