Commerce Resources Corp. Announces $15 Million Private Placement

June 13, 2007

Commerce Resources Corp. (“the Company”) announces a private placement of up to 12,500,000 units for gross proceeds of $15 million. The units will be issued at a price of $1.20 per unit. Each unit will consist of one common share and one share purchase warrant entitling the holder to purchase one additional common share of the Company at a price of $1.50 per share for a period of two years from the date of issuance. The offering is subject to the approval of the TSX Venture Exchange. A finder’s fee may be payable in accordance with the policies of the TSX Venture Exchange.

Shoreline Pacific, LLC will act as placement agent for $9 million of the offering. Shoreline Pacific is an investment bank based in San Francisco, California, and is focused on natural resource companies. With a strong network of institutional investors, Shoreline Pacific has raised almost $2 billion in financings for 85 companies in multiple industries over the last 13 years.

The proceeds of the private placement will be used to advance the Company’s continued exploration and development program on its tantalum and niobium properties located near Blue River, British Columbia, to conduct an exploration program at the newly acquired Eldor Carbonatite, and for general working capital.

About Commerce Resources Corp.
Commerce Resources Corp.’s stated goal is to become the world’s next source of tantalum and niobium. Commerce is the most active tantalum and niobium explorer in North America, with a focus on developing its Upper Fir deposit into production.

Exploration to date at the Upper Fir deposit has outlined an indicated resource of 8.6Mt with 208.2 g/t Ta2O5 and 1,372.6 g/t Nb2O5 and an inferred resource of 5.5Mt with 208.2 g/t Ta2O5 and 1,349.9 g/t Nb2O5 (Gorham, 2007). Exploration to date at the Fir deposit has outlined an indicated resource of 5.65Mt with 203.1g/t Ta2O5 and 1,047g/t Nb2O5 (Verzosa, 2003). The Fir is also host to an inferred resource of 6.7Mt with 196g/t Ta2O5, 646g/t Nb2O5 and 3.20% P2O5 (McCrea, 2001). The Verity deposit, 10 km north of the Fir property, is estimated to host an inferred resource of 3.06Mt with 196g/t Ta2O5, 646g/t Nb2O5 and 3.20% P2O5 (McCrea, 2001).

Previous exploration at the recently acquired Eldor Carbonatite returned results ranging from >1.0% to 11.4% Nb2O5 (>10,000 g/t to 110,000 g/t Nb2O5) and from >0.01% to 0.21% Ta2O5 (100 g/t to 2,100 g/t Ta2O5). Commerce plans to conduct an extensive program of exploration on the Eldor Carbonatite this summer.

Detailed information on both resource estimates for the deposits may be viewed in the company’s public disclosure on SEDAR.

On Behalf of the Board of Directors
David Hodge
Tel: 604.484.2700

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.