Financing for Phase 2 and 3 Exploration Programs

October 28, 2005

Commerce Resources Corp. (CCE - TSX Venture) (the “Company”) announces that due to enthusiastic support, it has increased the private placement previously announced on August 16, 2005 to up to a total of 2,800,000 units for gross proceeds of $376,000.

The private placement will now consist of up to 1,000,000 units to be issued on a flow-though basis at a price of $0.16 per unit. Each flow-through unit will consist of one flow-through common share and one non-transferable share purchase warrant entitling the holder to purchase one non flow-through common share of the Company at a price of $0.18 per share for a one year period from the date of issuance. Up to 1,800,000 units are to be issued on a non flow-through basis at a price of $0.12 per unit. Each non flow-through unit will consist of one common share and one non-transferable share purchase warrant entitling the holder to purchase one non flow-through share of the Company at a price of $0.18 per share for a period of one year from the date of issuance. The offering is subject to the approval of the TSX Venture Exchange and a finder’s fee may be payable in accordance with the policies of the TSX Venture Exchange. The proceeds of the private placement will fund the first phase of the Company’s 2005 exploration program on its tantalum properties near Blue River, British Columbia and for general working capital.

As announced on October 17, 2005, drilling on the Fir Property has been initiated and will include an initial two holes at the Bone Creek Carbonatite, and four holes at the Upper Fir Carbonatite. This drilling is part of the first phase of three phase exploration program on the Blue River Property, which is anticipated to provide the Company with information on the thickness, extent and character of mineralization associated with the Upper Fir Carbonatite as well as provide a better understanding of the distribution of tantalum, niobium and uranium mineralization within the Bone Creek Carbonatite.

Second Private Placement
The Company also wishes to announce a second private placement of up to 8,500,000 units at a price of $0.12 per unit for gross proceeds of $1,020,000. Each unit will consist of one common share and one non-transferable share purchase warrant entitling the holder to purchase one common share of the Company at a price of $0.18 per share for a period of one year from the date of issuance. The offering is subject to the approval of the TSX Venture Exchange and a finder’s fee may be payable in accordance with the policies of the TSX Venture Exchange. The proceeds of this second private placement will be used towards the Company’s 2005 exploration program on its tantalum properties near Blue River, British Columbia and for general working capital.

On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
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David Hodge
President
Tel: 604.484.2700

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