Commerce Resources Corp. Increases Private Placement for Oversubscriptions

VANCOUVER, Sept. 21 /CNW/ - Commerce Resources Corp. (TSXv: CCE) (FSE: D7H) (the "Company") announces that further to the Company's news release dated September 14, 2009 on the closing of its private placement, the Company has decided to accept subscriptions received slightly late on the same terms. It has therefore arranged a supplementary private placement of units for gross proceeds of $455,000, subject to the approval of the TSX Venture Exchange.

Each unit priced at $0.40 will consist of one common share and one half of one share purchase warrant. Each whole share purchase warrant will entitle the holder to purchase one additional common share of the Company for two years, at a price of $0.50 per share in the first year and at a price of $0.54 per share in the second year. All securities issued will be subject to a four-month hold period. Finder's fees may be payable in accordance with the policies of the TSX.

The proceeds of the private placement will be used to advance the Company's exploration and development program on its Blue River Tantalum and Niobium Project, British Columbia, to conduct exploration at the Eldor Property, Quebec, and for general working capital.

About Commerce Resources Corp.

Commerce Resources Corp. is an exploration and development company with a particular focus on tantalum, niobium and rare metal deposits with a potential for economic grades and large tonnages. The Company is specifically focused on the development of its Upper Fir tantalum and niobium deposit at the Blue River Project in British Columbia, Canada. For additional information, visit our website at http://www.commerceresources.com or contact investor relations at toll free: 1.866.484.2700 or email: [email protected].

    
    On Behalf of the Board of Directors
    COMMERCE RESOURCES CORP.

    "David Hodge"
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    David Hodge
    President and Director
    Tel: 604.484.2700