Commerce Resources Corp. (TSXv: CCE) (FSE: D7H) (the "Company") is pleased to report that the results from the first hole of the 2010 drilling program at the Eldor Project, located in northeastern Quebec, confirm the potential for a significant new REE discovery at the Ashram Rare Earth Zone.

The programs first hole, EC10-027 was collared in mineralization and had results as follows:

� 1.72% Total Rare Earth Oxides ("TREO") over 215.30 metres (3.74 to 219.04 m) Including 2.07% TREO over 29.48 m (105.59 to 135.07 m)

� Followed by 0.94% TREO over 21.81 m (219.04 to 240.85 m); in a lithologically distinct zone

� In increasing order, the four most abundant REEs reported are Praseodymium, Neodymium, Lanthanum and Cerium.

The hole was drilled at an azimuth of 230� and dip of -50� with BTW sized core. It tested surface mineralization to depth on the Ashram Peninsula, along the western flank of a magnetic low that defines the target area, which measures approximately 1 kilometre by 0.8 kilometres in size.

Complete analytical results along with a drill hole plan map will be posted on the Companys website at:

All samples were analyzed by Activation Laboratories of Ancaster, Ontario using their method 8 -- major oxide, rare earths and trace element package by Fusion ICP and ICP/MS.

Drilling to date does not yet allow for an accurate estimation of the dimensions of the Ashram REE-bearing zone at Eldor. For this reason, no estimation of true thickness from the drill holes has been made.

Starting directly at surface, three contiguous mineralized horizons with gradational contacts were encountered, termed the A-Zone, B-Zone, and the BD-Zone respectively. The units appear to be moderate to steeply dipping, with a north-northwest strike, and are in general, lithologically distinct.

The A-Zone is a very fine-grained, light to dark olive grey ferro-carbonatite with abundant and pervasive purple fluorite and associated red-brown mineralization, with minor disseminated sulphides.

The B-Zone is a fine-grained, pale to light-greenish-yellow magnesio-carbonatite with common, patchy purple fluorite and pervasive, very-fine-grained yellow-beige mineralization with minor sulphides.

The BD-Zone is the most distinct unit. It is a coarser-grained, cream to light-grey magnesio-carbonatite, strongly brecciated, with common reddish orange parasite-bastnaesite mineralization. This zone is unique and has not been described on the property prior.

Two additional drill holes, EC10-028 and EC10-029, have been completed at the Ashram Zone as 50 metre and 70 metre step-outs, at -45� dip, to the NW and SW respectively of EC10-027. Both collared in mineralization and intersected significant intervals of all three zones (A, B, and BD). Analytical results are pending.

The Ashram Rare Earth Zone remains open to the east, south, north, at depth and is not fully constrained to the west. Drilling is ongoing with a further 10 holes (2,500 metres) planned over the Ashram, Southeast and Star Trench Zones. To date, the 2010 drill program has successfully identified a REE deposit at surface in the Ashram Zone which extends to significant depths.

The distribution of particular REEs for each zone has only briefly been evaluated; however, a variable distribution of elements is evident. Higher neodymium oxide-lanthanum oxide ratios (Nd2O3-La2O3), specifically Nd2O3 averaging 1.2 times greater than La2O3 within the BD zone, suggest an independent distribution from the main ore body. Neodymium oxide constitutes nearly 22% of all rare earth oxides present in this zone and is one of the more sought after of the rare earths for use in super magnets and related applications.

The Eldor Property covers a carbonatite complex located within the central Labrador Trough located in northern Quebec; approximately 130 km south of the town of Kuujjuaq. The property is 100%-owned by Commerce and encompasses 404 claims totaling approximately 19,006 hectares.

Geologically, the Eldor Project represents one of the largest carbonatite complexes known worldwide. Carbonatite related deposits are a major host for rare metals, such as niobium and tantalum, and rare earth elements. The worlds largest niobium mine, Araxa in Brazil, and several of the worlds largest rare earth element deposits, including Lynas Corporations Mt. Weld deposit in Australia, and Molycorps Mountain Pass deposit in the United States, are all hosted by carbonatites. Geologically similar exploration projects include Hudson Resources Inc.s Sarfartoq Carbonatite Project in Greenland and Rare Element Resources Ltd.s Bear Lodge Carbonatite Project in Wyoming.

Sufficient working capital is available to complete all of the Companys development and exploration plans. As at April 30th, 2010, the Company had $19.8 million in cash and investments.

NI 43-101 Disclosure
Darren L. Smith, M.Sc., P.Geol., a qualified person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.

On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.

David Hodge
President and Director

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