Commerce Resources Corp. announced that a summer drill program has commenced, targeting further delineation of niobium and tantalum mineralization at the Mallard and Miranna Prospects on their Eldor Property, Quebec. Additionally, multiple geophysical anomalies commonly associated with this type of mineralization will be drill tested.

The program is being managed by Dahrouge Geological Consulting Ltd. of Edmonton, AB with drilling operations being carried out by Avataa-Rouillier Drilling of Nunavik, Quebec. A total of twenty (20) to thirty (30) NQ-size drill holes, for a minimum of 7,500 m, are planned for the program as announced in the news release dated May 29th, 2024. One of the main objectives for the 2024 drilling campaign will focus on completing several follow-up drill holes at the Mallard Prospect.

The first drill hole of the 2021 drill program at Mallard ­ EC21-175 ­returned the best niobium intercept to-date from the Property at 1.00% Nb2O5 over 17.1 m (and 136 ppm Ta2O5), within a larger interval of 0.82% Nb2O5 over 42.3 m (and 153 ppm Ta2O5). The Company also intends to follow-up on the initial drill testing completed at the Miranna Prospect in 2021, where four (4) drill holes were designed to test the potential for niobium mineralization of the northwest-trending geophysical anomaly that defines Miranna. The Miranna Prospect is characterized by a strongly mineralized (niobium-tantalum-phosphate), glacially dispersed boulder train with an apex that correlates with a distinct magnetic high anomaly.

Drillhole EC21-180 successfully achieved the Company's objective of identifying an area prospective for follow-up, confirming the presence of high-grade mineralization downhole, including 1.20% Nb2O5 over 3.1 m, within a larger interval of 0.72% Nb2O5 over 20.4 m. The third objective is to follow up on several magnetic high anomalies that are characteristic of the niobium and tantalum mineralized carbonatites at the Eldor property. Priority is given to those that are located between the Mallard and Miranna Prospects, and those that have a distinct mineralized and glacially dispersed boulder train.