VANCOUVER, BC, June 3, 2025 — Commerce Resources Corp. (“Commerce” or the “Company”) (TSXV: CCE, FSE: D7H0, OTCQX: CMRZF) is pleased to announce that Mr. Nicholas Holthouse has been appointed as President and Chief Executive Officer, effective June 1, 2025.

Mr. Holthouse brings 36 years of experience as a mining engineer and accomplished resource industry executive in senior corporate, operational, and project development roles. For the last seven years, his focus has been on the global rare earths sector, including serving as CEO of Meteoric Resources (ASX: MEI) and COO of Hastings Technology Metals (ASX: HAS).

Upon completion of the Company’s proposed merger with Mont Royal Resources (ASX: MRZ), anticipated by the end of July, Mr. Holthouse will also assume the role of Managing Director of the combined entity and will be based in Montreal, Québec.

Jeremy Robinson, Commerce’s Interim President and CEO, commented on the appointment:

“We are thrilled to welcome Nicholas, an accomplished and well-respected global mining executive, to the Commerce team. His extensive experience in the rare earth industry and in-depth knowledge of rare earth markets, exploration, and project development will be invaluable as we finalize our merger with Mont Royal Resources, list on the ASX, and expedite the development of our world-class Ashram Rare Earth and Fluorspar Project.”

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SOURCE Commerce Resources Corp.

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