Commerce Resources reported results from its summer/fall drilling program at the Ashram Rare Earth Element Deposit in northern Quebec. Significant rare earth mineralization was intersected in four drill holes, including 325.31 meters of 1.96% Total Rare Earth Oxides and 90.38 meters of 2.21% Total Rare Earth Oxides. An updated resource estimate is underway incorporating the new drilling which will expand the known area of mineralization. Metallurgical and environmental studies are also ongoing to support a preliminary economic assessment of the deposit.

1. Commerce Resources Corp. Intersects 325.31 m of 1.96% TREO, and 90.38 m
of 2.21% TREO at the Ashram Deposit, Northern Quebec
January 27, 2012 - Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF)
(the “Company” or “Commerce”) is pleased to report the results for four drill holes completed
during the summer/fall exploration program at the Ashram Rare Earth Element (“REE”) Deposit,
at the Eldor Project in northern Quebec.
As drilling progresses north, significant REE mineralization continues to be intersected at
surface down to considerable depths.
Highlights are as follows:
 Drill Hole EC11-084: 325.31 m of 1.96% Total Rare Earth Oxides (TREO)
o Including 52.25 m of 2.26% TREO
 Drill Hole EC11-085: 144.52 m of 1.94% TREO
o Including 90.38 m of 2.21% TREO
 Drill Hole EC11-083: 88.68 m of 2.14% TREO
 Drill Hole EC11-086: 80.56 m of 2.14% TREO
Middle and Heavy Rare Earth Element Enrichment
The Middle and Heavy Rare Earth Oxide (“MHREO”) zone at Ashram has expanded
significantly with the results from the 2011 summer/fall drill program and now has a surface
footprint of approximately 175 m along strike, 200 m in width, and to a depth of 175 m, with
considerable room for expansion remaining.
Middle and heavy rare earth enrichment remains consistent throughout the deposit with the main
enriched zone still present in EC11-083, 084, and 085 as small zones averaging ~10% MHREO
grading in and out down hole. Peak values greater than 20% MHREO continue to be returned
including one sample with 410 ppm dysprosium and 201 ppm europium at a TREO of 1.86%.

2. Complete results are as follows:
MHREO Neodymium
Strike/Dip From To Interval TREO
Drill Hole (% of Oxide
(◦) (m) (m) (m) (%)
TREO) (% of TREO)
230/45 EC11-083 2.12 154.93 152.81 1.80 7.1 16.7
incl. 2.12 90.80 88.68 2.14 7.1 15.6
24.59 30.89 6.30 1.82 11.7 16.6
45.88 50.81 4.93 1.88 10.5 18.2
MHREO
51.55 54.61 3.06 1.83 10.4 16.7
Zone
56.40 58.90 2.50 1.97 9.5 19.5
139.26 144.18 4.92 1.15 11.9 22.0
0/90 EC11-084 3.10 400.17 397.07 1.83 6.6 16.6
incl. 3.10 328.41 325.31 1.96 6.6 16.2
incl. 208.42 260.67 52.25 2.26 4.5 15.2
56.30 84.00 27.70 1.77 9.6 18.0
104.93 110.20 5.27 1.96 11.1 18.6
MHREO 124.61 130.37 5.76 1.40 11.7 17.5
Zone 147.75 157.12 9.37 1.33 10.4 22.4
171.60 181.59 9.99 1.66 10.7 18.9
359.05 364.85 5.80 1.07 10.8 22.9
230/45 EC11-085 3.66 148.18 144.52 1.94 7.2 16.2
incl. 28.53 118.91 90.38 2.21 7.1 15.4
13.43 16.87 3.44 1.54 11.5 16.9
MHREO
37.80 56.62 18.82 2.05 10.7 16.3
Zone
143.20 146.42 3.22 1.16 11.2 22.4
230/45 EC11-086 368.69 757.73 389.04 1.61 6.1 18.1
incl. 582.17 662.73 80.56 2.14 5.4 17.4
* All samples were analyzed by Activation Laboratories of Ancaster, ON using its method eight -- major oxide, rare earths and
trace element package by fusion ICP and ICP/MS in addition to fluorine by method 4F-F. The four most abundant REEs that
make up the TREO reported above are cerium, lanthanum / neodymium and praseodymium.
* Drill holes EC11-083, 084, 085, and 086 are NQ in size. The true width of drill intersections is not confirmed. Strikes and dips
are idealized as spotted.
Drill holes EC11-083 and 085 targeted the north-western contact of the deposit while EC11-084
was collared vertically near its north end. All three holes focused on infilling for increased
confidence in support of updating current inferred status resources to indicated status.

3. EC11-086 was collared off a small peninsula on the eastern side of Centre Pond, attempting to
cross-cut the centre of the deposit. This hole intersected ~50 m of what is interpreted to be the
north end of a poorly mineralized breccia unit diluting the grade of an otherwise well
mineralized 389 m intercept.
Drill holes EC11-083, 084, and 085 all collared in mineralization while EC11-086 collared in a
heterogeneous mix of calico carbonatite, dolomite carbonatite, and glimmerite, while ending in
mineralization.
A map showing the drill hole locations and detailed analytical results will be posted on the
Company's website at: http://www.commerceresources.com/s/Eldor.asp
Updated Mineral Resource Estimate
Exploration in 2011 included 9,012 m of BTW and NQ diameter diamond drilling in 26 holes for
the purposes of expanding the mineralized area and infilling the geological and structural
information within the Ashram Deposit. To date, analytical results for 24 drill holes from
Ashram have now been released. The remaining two holes are being held for advanced
metallurgical studies.
An updated block model and resource estimate with accompanying technical report under the
supervision of SGS Geostat is currently underway using mapping and drill data from the 2011
winter and summer/fall campaigns. The initial, and current, resource includes only 12 holes
(3,313 m) completed in 2010, leaving 33 holes (12,379 m) yet to be incorporated into the model.
Other Work Completed and Ongoing in 2012
In addition to the drilling at the Ashram Deposit, the Company completed 7 holes (1,108 m) at
regional targets. Analytical results from these holes remain pending.
Data compilation of regional results is underway as well as, metallurgical, mineralogical, and
environmental studies on the Ashram Deposit in preparation for a Preliminary Economic
Assessment by SGS Geostat.
NI 43-101 Disclosure
The technical information in this news release has been reviewed and approved by Darren L.
Smith, M.Sc., P.Geol., who is a Qualified Person in accordance with National Instrument 43-101
Standards of Disclosure for Mineral Projects.
Middle and Heavy Rare Earth Oxides ("MHREO") is defined as the sum of the middle rare earth
oxides (Sm2O3, Eu2O3, Gd2O3) and the heavy rare earth oxides (Tb2O3, Dy2O3, Ho2O3, Er2O3,

4. Tm2O3, Yb2O3, Lu2O3) plus Y2O3 expressed as a percent out of the TREO content.
Total Rare Earth Oxides ("TREO") include: La2O3, Ce2O3, Pr2O3, Nd2O3, Sm2O3, Eu2O3, Gd2O3,
Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, and Y2O3.
About Commerce Resources Corp.
Commerce Resources Corp. is focused on building shareholder value through the discovery and
development of Canadian rare metal and rare earth element deposits. Commerce’s principal
assets are its Blue River Tantalum-Niobium Project in British Columbia and its Eldor Rare Earth
Project in Quebec. The Company trades on the TSX Venture Exchange under the symbol
“CCE”, the Frankfurt Stock Exchange under the symbol “D7H” and the U.S. OTCQX under the
symbol “CMRZF.”
For more information on Commerce Resources Corp. visit the corporate website at
http://www.commerceresources.com or contact investor relations at 1.866.484.2700 or
info@commerceresources.com.
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
“David Hodge”
David Hodge
President and Director
Tel: 604.484.2700
Email: dhodge@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.
Statements in this document which are not purely historical are forward-looking statements, including any
statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in
this news release include that analytical results from the remaining holes from the summer/fall drill program at
Eldor will be reported in batches as they are received.
It is important to note that actual outcomes and the Company's actual results could differ materially from those in
such forward-looking statements. Risks and uncertainties include economic, competitive, governmental,
environmental and technological factors that may affect the Company's operations, markets, products and prices.
Factors that could cause actual results to differ materially may include misinterpretation of data; that we may not
be able to get equipment or labour as we need it; that we may not be able to raise sufficient funds to complete our
intended exploration and development; that our applications to drill may be denied; that weather, logistical
problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that

5. analysis of data may not be possible accurately; that results which we or others have found in any particular
location are not necessarily indicative of larger areas of our properties; that we may not complete environmental
programs in a timely manner or at all; that market prices for rare earth elements may not justify commercial
production costs; and that despite encouraging data there may be no commercially exploitable mineralization on
our properties.
Readers should refer to the risk disclosures outlined in the Company's Management Discussion & Analysis of its
audited financial statements filed with the British Columbia Securities Commission.