Commerce Resources Corp. announced results from Saville Resources Inc.'s (SRE)(S0J) (Saville Resources) 2022 drill program at its Niobium Claim Group Property (the Property), a subset of the Company's Eldor claims, located in northern Quebec. The 2022 drill program, completed by Saville Resources in August, totaled 600.0 m over three (3) holes and focused on the Mallard Prospect.

The 2022 drill program targeted the niobium zone previously reported in drill hole EC21-175 (1.00% Nb2O5 over 17.1 m) - further at depth (EC22-201, 202, and 203) and along strike (EC22-203). The 2022 drill holes, each drilled to 200 m depth, returned well-mineralized niobium intervals, and continue to demonstrate the potential for a sizeable niobium mineralized zone to extend from depth to surface, as well as laterally, at the Mallard Prospect. Core sample assay highlights from the 2022 drilling at the Mallard Prospect include: 16.0 m of 0.78% Nb2O5 and 7.5% P2O5 (EC22-202), including, 3.0 m of 1.07% Nb2O5 and 8.9% P2O5; 4.5 m of 0.94% Nb2O5 and 10.0% P2O5 (EC22-202) and 8.6 m of 0.81% Nb2O5 and 6.7% P2O5 (EC22-203), including, 2.9 m of 1.32% Nb2O5and 6.7% P2O5.

The high-grade mineralization encountered in each hole is hosted within dark green phoscorite-dolomite or phoscorite-calcite carbonatite units with minor to abundant magnetite and local dolomitization. This rock type and mineralogy is consistent with the previously drilled holes in 2019 and 2021, which are located west and south of the current holes. High-grade mineralized intervals are present near surface (0.78% Nb2O5 over 16.0 m, including 1.07% Nb2O5 over 3.0 m) and at depth (0.94% Nb2O5 over 2.5 m) in drill EC22-202.

This hole returned seven (7) samples >1.0% Nb2O5, to a peak of 1.30% Nb2O5 over 1.5 m, and ended in mineralization with a final sample assaying 0.57% Nb2O5. Additionally, drill hole EC22-201 ended in mineralization with a final sample assaying 0.54% Nb2O5 as well as ending within a high-grade tantalum interval (380 ppm Ta2O5 over 8.0 m). Strong niobium mineralization was encountered in all three (3) of the 2022 drill holes completed at the Mallard Prospect and, collectively with the previous drilling, indicate a wide mineralized footprint that remains open in all directions.

A quality assurance /quality control protocol following industry best practices was incorporated by Saville Resources into the program and included systematic insertion of quartz blanks and certified reference materials into sample batches, as well as collection of quarter-core duplicates, at a rate of approximately 5%. Drill holes were sampled from top to bottom and shipped to Activation Laboratories in Ancaster, ON for analysis. Lab analysis included niobium, tantalum, and major oxides by X-ray fluorescence (custom package 8-Coltan XRF + major oxides).

No fluorine analysis was completed on the 2022 drill core. Standard drill core sample preparation was completed and comprised of crushing to 80% passing 10 mesh, followed by a 250 g riffle split and pulverizing to 95% passing 105 µ (package RX1).