Commerce Resources Announces Appointment of Patrik Schmidt as Vice President of Exploration

VANCOUVER, BC / ACCESSWIRE / March 1, 2024 / Commerce Resources Corp. (TSX.V:CCE)(FSE:D7H0)(OTCQX:CMRZF) (the "Company" or "Commerce") is pleased to announce the appointment of Patrik Schmidt as its new Vice President of Exploration effective March 1, 2024. Jody Dahrouge will be stepping down as Vice President of Exploration; however, will remain as a Director of the Company. Mr. Dahrouge continues to play a critical and active role with the Company as Director.

Patrik Schmidt, Principal at Dahrouge Geological Consulting Ltd., is a Professional Geologist (M.Sc., P.Geo.) and a member of the Ordre des géologues du Québec (OGQ), and the Professional Geoscientists of Ontario (PGO). With over 10 years' experience, Mr. Schmidt has worked as Project Manager on multiple projects and commodities covering various deposit types, with a particular focus on rare earth elements (REEs), rare metals (Li, Ta, Nb, etc.), and carbonatite complexes. Over his career he has developed a versatile skill set which spans grassroots mineral exploration, mineralogy and geochemistry, to high-level project management of multi-rig drill exploration programs with significant success.

Mr. Schmidt has played a key role in the discovery of the Ashram Rare Earth Element and Fluorspar Deposit, the Mallard Prospect (Nb-Ta-Phosphate), and the Miranna Prospects (Nb-Ta-Phosphate) held by the Company. Additionally, as a consultant geologist, Mr. Schmidt led the team that discovered the CAP Carbonatite in B.C., and more recently has been a key figure in the discovery and exploration of the CV Lithium Trend where numerous lithium pegmatites have been discovered, including the CV5 Spodumene Pegmatite in which Patrik has been instrumental to its advancement.

Chris Grove, President and CEO of the Company commented, "We are thrilled to have Patrik join our executive team here at Commerce. Patrik has been involved as a consultant to the Company as early as 2008 and he is a natural fit as we build out our executive team."

Darren L. Smith, M.Sc., P.Geo., Senior Technical Advisor Rare Earths and Niobium to the Company comments, "Since 2008 I have worked closely with Patrik on numerous projects covering a plethora of commodities and deposit types. In addition to his strong understanding of various commodities and deposit styles, his skill set is finely tuned to REEs and rare metals. He has been a key asset in drill targeting and surface exploration of the Eldor Property to date and so it is with great pleasure to formalize his involvement."