May 17, 2006
Commerce Resources Corp. (TSXv: CCE) (“Commerce”) is pleased to announce that it has, subject to regulatory approval, retained AXINO AG (“AXINO”) to provide investor relations services. AXINO will present Commerce in Germany and other European countries, disseminating investor relations information and creating awareness of Commerce in the European financial community.
AXINO will be responsible for organizing a dual listing of the Commerce’s securities on the Frankfurt Stock Exchange in addition to maintaining timely contact with Commerce’s shareholders, potential investors and investment community professionals. AXINO will be paid compensation of EUR 49,500 for an initial term of six months. AXINO has advised Commerce that it does not hold directly or indirectly any shares of Commerce and that it does not have any right to acquire any shares.
“AXINO is pleased to introduce Commerce Resources throughout the European financial communities. We see this as an excellent opportunity for Commerce to increase and diversify their shareholder base to include both retail and institutional investors with differing investment strategies,” said Wolfgang Seybold, President of AXINO.
Commerce has also granted incentive stock options to AXINO under the Company’s 2006 Stock Option Plan for a total of 250,000 common shares at an exercise price of $0.50 for a period of 2 years.
About AXINO AG (http://www.axino.com)
AXINO AG is a privately owned full-service investor relations firm based in Stuttgart, Germany. It specializes in representing resource sector companies that wish to obtain investor exposure and develop a shareholder following in the European financial markets with a special focus on the German speaking financial communities. AXINO’s clients in the resource sector include such reputable companies as Agnico-Eagle Mines Ltd., NovaGold Resources Inc., Minefinders Corporation Ltd. and others.
About Commerce Resources Corp.
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. Commerce Resources Corp. trades on the TSX Venture Exchange under the symbol “CCE”.
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.