Commerce Resources Corp. Files NI 43-101 Technical Report for Upper Fir Tantalum & Niobium Deposit Resource Update

VANCOUVER, Feb. 4 /CNW/ - Commerce Resources Corp. (TSXv: CCE; FSE: D7H; OTCQX: CMRZF) (the "Company") announces that, further to its news release of February 2, 2011, it has filed its National Instrument 43-101 Technical Report entitled "Blue River Ta-Nb Project, Blue River, British Columbia" dated January 31, 2011, on SEDAR at http://www.sedar.com. The report has also been posted on the Company's website at http://www.commerceresouces.com.

As part of the ongoing Preliminary Economic Assessment ("PEA"), AMEC Americas Limited ("AMEC") completed an independent Qualified Person's review of the Blue River Project and prepared an updated mineral resource estimate for the Upper Fir Tantalum and Niobium Deposit. The Technical Report was prepared for the Company by Albert Chong, P. Geo. and Tomasz Postolski, P. Eng, of AMEC. The resource model provides the foundation for the PEA, which is ongoing under the direction of AMEC and which, once completed, will provide the basis for a separate news release.

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 potential for economic grades and large tonnages. The Company is specifically focused on the development of its Upper Fir Tantalum and Niobium Deposit in British Columbia and is also exploring its Eldor Rare Earth Project in northern Quebec and the Carbo Rare Earth Project in northern British Columbia.  

On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.

"David Hodge"
David Hodge
President and Director
Tel: 604 484 2700
TF: 866.484.2700
Email: info@commerceresources.com 
Web: http://www.commerceresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release may contain forward-looking information and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward-looking information is based on the opinions and estimates of management and its consultants at the date the information is given. It is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Information is based on reasonable assumptions.  Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.


For further information:

please visit the corporate website at http://www.commerceresources.com or contact Investor Relations at 1.866.484.2700 or info@commerceresources.com

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