August 21, 2006
|Commerce Resources Corp. (TSXv: CCE) (FSE: D7H) (“Commerce”) announces the appointment of Mr. Alexander Gagarin to the Company’s Advisory Board. As a member of the advisory board, Mr. Gagarin will actively participate in the metallurgical investigations, lab work, analysis and reporting. In addition, he will play a key role in the processing of the Company’s commercial bulk sample to end products.|
Alexander Gagarin brings to Commerce years of technical experience in the processing and development of new materials based on tantalum, niobium and beryllium. Mr. Gagarin is a First Deputy Director General — Chief Engineer of NAC KazAtomProm’s tantalum division, Ulba Metallurgical Plant JSC. In this role, he is responsible for the strategic development, marketing and production of Ulba’s tantalum, niobium and beryllium end-products. Mr. Gagarin is a graduate of the Moscow Institute of Chemical Technology, with a specialization in the chemical technology of materials for electronics.
With his technical experience in the processing of tantalum and niobium, Mr. Gagarin will be instrumental in bringing a practical approach to developing the Blue River project. His knowledge will help to maximize the existing opportunity to the benefit of shareholders.
On June 7, 2006, Commerce announced that it had entered into a strategic alliance with NAC KazAtomProm’s tantalum division, Ulba Metallurgical Plant LSC to process representative concentrate from Commerce’s upcoming commercial bulk sample.
“I believe that my knowledge and experience will be of value to Commerce Resources in the development of this world-class deposit as the demand for tantalum and niobium continues to increase,” Alexander Gagarin says. “I see this as a significant second step in the furtherance of the strategic alliance between KazAtomProm and Commerce, and I look forward to working with the company directors and the other advisory board members.”
The Company plans to make further appointments to its advisory board as warranted by the ongoing development of its Blue River property and future projects.
About Commerce Resources Corp. (http://www.commerceresources.com)
Commerce Resources Corp. is focused on the development and exploration of its Fir and Verity tantalum and niobium projects covering 49 square kilometers in British Columbia, Canada. The Company is one of the most active tantalum explorers in North America, conducting detailed exploration of its Fir and Verity deposits. 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 203.1g/t Ta2O5 and 1,047g/t Nb2O5 (Verzosa, 2003). The Verity deposit, 10 km north of the Fir property, is host to an estimated inferred resource of 3.06Mt with 196g/t Ta2O5, 646g/t Nb2O5 and 3.20% P2O5 (McCrea, 2001). Detailed information on both resource estimates may be viewed in the company’s public disclosure on SEDAR.
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.