Overview

Commerce Resources is focused on developing projects hosting tantalum and niobium in British Columbia and Quebec. Commerce is positioned with sufficient capital to advance to commercialization and become a large and profitable producer of these metals for the global market.

Commerce is currently focused on the development of its Upper Fir tantalum and niobium deposit at the Blue River Project in British Columbia, Canada. The project is at the development stage and a scoping study is planned for 2010.

What we like about Commerce

• Market leader in strategic tantalum and niobium
• North American, conflict free potential supplier
• Working with tantalum supply chain

Chief Properties

Blue River Project, BC

At Blue River, Commerce has identified three tantalum-niobium deposits and is focused on bringing the Upper Fir into commercial production. Based on 153 drill holes completed from 2005-2008, the Upper Fir deposit contains an indicated resource of 11.3 Mt with average grades of 198 g/t Ta2O5 (tantalum) and 1,170 g/t Nb2O5 (niobium) and an inferred resource of 26.2 Mt with average grades of 194 g/t Ta2O5 and 1,182 g/t Nb2O5.

During 2009, the company completed additional drilling at the Upper Fir and continued metallurgical testing. The results of this work will enable the company to complete an updated resource estimate and scoping study for the deposit.

The Blue River project benefits from excellent nearby infrastructure. The Yellowhead Highway, Canadian National Railway, and BC Hydro power lines all cross the property. Commerce has a 100% interest in the property, which is not subject to any underlying royalties.

Eldor Project, Quebec

The Eldor Property is located in northern Quebec and was discovered during regional exploration fueled by the uranium boom in nearby Kitts-Michelin, Labrador. Historic work has included lake sediment sampling and airborne radiometrics surveys followed by prospecting, mapping and rock chip sampling. This historic, non 43-101 compliant results have shown niobium and tantalum mineralization that ranges from 1.15% Nb205 and 0.046% Ta205 up to 11.4% Nb205 and 0.21% Ta205.

During 2008, Commerce completed a 26 hole diamond drilling program totaling 5,842 meters that targeted three area: Star Trench, Northwest Area, and Southeast Area. The program produced encouraging grades and intersections of tantalum and niobium at all three areas. Further, drilling discovered that in addition to tantalum and niobium, the Property has multi-commodity potential, with considerable local enrichments in rare earths. Follow-up exploration is planned in 2010.

Management

• David Hodge, President, Director - Mr. David Hodge, President and Director of Commerce Resources Corp., has an extensive background in business that includes many years of experience in the management and financing of publicly traded companies. He has been a director of mineral exploration companies since 1996, and has stewarded the Blue River Tantalum/Niobium Project from its acquisition in 2000 through to current development activities.
• Jody Dahrouge, P.Geo, VP Exploration, Director - Jody Dahrouge has been instrumental in the guidance of the company’s exploration and development programs. Mr. Dahrouge is a graduate of the University of Alberta with a Bachelors Degree in Science (Geology). Since 1998, he has been the President of Dahrouge Geological Consulting Ltd. His experience, insight and energy combine to provide Commerce with a real resource in the acquisition and management of resource projects.
• Jenna Hardy, M.Sc, MBA, P.Geo – Technical Services Regulatory & Environmental - Ms. Hardy has over 20 years of professional experience in the mining industry consulting for public and private companies by assisting with environmental and operational development plans. From 1993-2004, Ms. Hardy worked for Pan American Silver Corp. (TSX: PAA) as corporate Manager of Health, Safety and Environmental issues. In this position, she gained valuable experience dealing with environmental and social issues during the development of mines in North and South America.
• Dr. Axel Hoppe, Chairman of the Board of Directors - Dr. Axel Hoppe is an internationally acknowledged leader in the tantalum/niobium field. He has held numerous positions with H.C. Starck GmbH (“HCST”): a worldwide group of companies with more than 3,400 employees at 13 production sites in Europe, North America and the Far East. Dr. Hoppe’s last position at HCST was Head of Technical Services and Engineering Group and he was a Member of the Executive Board. Under Dr. Hoppe’s previous leadership as Head of the Electronics and Optics Business Group, HCST has grown into the leading producer of tantalum and niobium products, and remains one of the world’s largest consumers of tantalum raw materials.
• Ian Graham, Director - Mr. Ian Graham is an accomplished mining professional with over 20 years of experience in the development and exploration of mineral deposits, mostly gained with the major mining companies Rio Tinto and Anglo American. Formerly Chief Geologist with the Project Generation Group at Rio Tinto, Mr. Graham has been involved with evaluation and pre-development work on several projects in Canada and abroad including the Diavik Diamond Mine (Northwest Territories, Canada), Resolution Copper (Arizona, USA), Eagle Nickel (Michigan, USA), Lakeview Nickel (Minnesota, USA) and Bunder Diamonds (India). Prior to his work with Rio Tinto, Ian held exploration geologist roleswith Anglo American.
• Sven Olsson, Director - Mr. Sven Olsson is an accomplished professional with over eight years of experience in the resource investment and finance industry. Since 2001, Sven has held the position of Director of Media and Corporate Communications for AXINO AG, a European consulting firm specializing in communications for companies in the resource sector. Sven has been responsible for investor relations and capital fundraising in Europe for numerous major and micro cap resource-based companies in all phases of development. His network of contacts within the mining and financial communities as well as media extends across Europe and North America.

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