Commerce Resources Corp. and Saville Resources Inc. Completes Three Drill Holes at the Niobium Claim Group Property, Quebec

VANCOUVER, BC / ACCESSWIRE / September 1, 2022 / Commerce Resources Corp. (TSXV:CCE), (FSE:D7H0), (OTCQX:CMRZF) (the "Company" or "Commerce") is pleased to provide an update on Saville Resources Inc.'s (TSXV:SRE, FSE:S0J) ("Saville Resources") diamond drill program currently underway at the Niobium Claim Group Property (the "Property"), a subset of the Company's Eldor claims, which are located approximately 130 km south of Kuujjuaq, Quebec. The Property covers several prospective niobium-tantalum prospects, with Saville Resources completing an Earn-in Agreement on these claims (see news release dated January 11^th, 2018).

Saville Resources has recently completed its third and final drill hole of its 2022 program, totalling approximately 603 m (core not fully processed). All three (3) drill holes were completed at the Mallard Prospect as follow-up to the high-grade niobium mineralization returned from drilling in 2021 (0.82% Nb₂O₅ over 42.3 m, including 1.00% Nb₂O₅ over 17.1 m, in drill hole EC21-175) and in 2019 (0.80% Nb₂O₅ over 31.5 m, including 1.36% Nb₂O₅ over 4.5 m, in drill hole EC19-174A) - see news releases dated November 1^st, 2021, and June 11^th, 2019, respectively. The 2022 drill holes were completed as step-backs to EC21 175 and EC19-174A to test the mineralized horizons at depth.

Mallard is the most advanced prospect on the Property and is characterized by a series of sub-parallel, elongate, moderate to steeply dipping, northwest trending mineralized horizons that extend from surface and remain open in all directions. Pyrochlore and columbite are the dominant niobium minerals present at Mallard, with mineralogy completed to date indicating grain sizes ranging from 0.03 mm to 3 mm and commonly between 0.05 mm and 0.4 mm. Secondary commodities of interest at Mallard include tantalum, phosphate, and fluorspar.

Saville Resources is carrying-out its drill program concurrently with the drill program of the Company on the Ashram Deposit located proximal (see news releases dated July 20^th and August 12^th, 2022). Core processing is currently underway on site with samples from the Niobium Clam Group Property expected to be shipped shortly to Activation Laboratories in Ancaster, ON, for geochemical analysis.

The program is being managed by Dahrouge Geological Consulting Ltd. with Canadian offices in Edmonton, AB, and Montreal, QC, and drilling carried out by Forage Fusion Drilling of Hawkesbury, ON.

NI 43-101 Disclosure

Darren L. Smith, M.Sc., P.Geo., Dahrouge Geological Consulting Ltd., a Permit holder with the Ordre des Géologues du Québec and ‘Qualified Person' as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects, supervised the preparation of the technical information in this news release.