Commerce Resources Corp (CCE)

[sumisu]

Commerce Resources Corp. Resumes Work at Ashram Rare Earth Zone, Eldor Property, Quebec

Press Release Source: Commerce Resources Corp. On Tuesday March 1, 2011, 9:56 am EST

VANCOUVER, March 1 /CNW/ - Commerce Resources Corp. (CDNX:CCE.V) (FSE: D7H) (Other OTC:CMRZF.PK) (the "Company" or "Commerce") is pleased to announce that it has begun mobilizing field crews in advance of the 2011 winter/spring drill program at the Ashram Rare Earth Element ("REE") Zone located at the Eldor Property in northeastern Quebec.

The drill program will include a minimum of six, vertical, core holes totalling 3,000 metres with a drill rig capable of attaining depths in excess of 600 metres. Drill holes will be completed from ice over the Centre Pond on an approximately 200-metre spaced grid. A map showing the locations of the proposed drill holes will be posted on the Company's website at: http://www.commerceresources.com/s/Eldor.asp

To date, REE mineralization at the Ashram Zone has been defined by twelve holes over an area measuring in excess of 650 metres east-west, by 350 metres north-south, to depths of 365 metres with the majority of holes bottoming in mineralization. Mineralization at the Ashram Zone remains open to the north, south, east, at depth, and is not fully constrained to the west. The zone is located near the centre of the Eldor Carbonatite Complex and is coincident with a magnetic low which measures approximately 1 kilometre by 0.8 kilometres in size.

Based on the results of the first twelve holes, SGS Geostat Ltd. of Montreal, Quebec is in the process of completing an initial NI 43-101 compliant resource estimate for the Ashram Zone; with an anticipated completion date of early March.

Drilling is scheduled to begin March 2nd and, in the event that favourable drill conditions persist beyond the completion of the first six drill holes, will continue as long as weather permits.

The Eldor Property encompasses 19,006 hectares and, in addition to the Ashram REE Zone, is host to several other niobium, tantalum, phosphate and REE targets. Altogether in 2010, 21 drill holes totalling 5,389.98 metres were completed across the property as well as regional prospecting, trenching and soil sampling.

2010 Niobium, Tantalum, Phosphate and REE Exploration Drilling Results

The bulk of the 2010 drilling was completed at the Ashram Zone (12 holes totalling 3,312.67 metres) with nine other holes targeting separate niobium, tantalum and phosphate targets, as well as, a unique zone of REE mineralization.

The Company has now received all of the analytical results for the 2010 holes drilled outside of the Ashram Zone at three separate target areas, as follows:

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