Commerce Resources Corp (CCE)

[sumisu]

Commerce Resources' Ashram Rare Earth Element Deposit Confirmed as a Large Inferred Resource, Eldor Project, Quebec

Press Release Source: Commerce Resources Corp. On Thursday March 3, 2011, 11:34 am EST

Inferred Mineral Resource: 117.34 Million Tonnes averaging 1.74% TREO

VANCOUVER, March 3 /CNW/ - Commerce Resources Corp. (TSXV:CCE.V), (FSE: D7H), (Other OTC:CMRZF.PK) (the "Company" or "Commerce") is pleased to announce the first National Instrument 43-101 compliant mineral resource estimate for the Ashram Rare Earth Element ("REE") Zone at the Eldor Project in Quebec. The Eldor Project is located in northeastern Quebec approximately 130 kilometres south of the community of Kuujjuaq. The resource estimate was prepared by SGS Canada Inc. - Geostat ("SGS Geostat") of Montreal, Quebec, who have recommended an aggressive exploration and development program to rapidly advance the project.

Mineral resources were estimated by SGS Geostat applying four different Total Rare Earth Oxide ("TREO") cut-off grades, with a base-case resource estimated using a TREO cut-off grade of 1.25%. At this cut-off, the Ashram Zone hosts an Inferred Resource of 117,340,000 tonnes grading 1.74% TREO. The mineral resource estimate for TREO cut-offs of 1.00%, 1.25% (base case), 1.50% and 1.75% are outlined in the table below.

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