MONT ROYAL RESOURCES PROVIDES UPDATE ON ASX AND TSXV LISTING

Executive Summary

• Mont Royal Resources announced that its ordinary shares will be reinstated on the ASX and listed on the TSXV in early November 2025, while Commerce’s shares will be delisted from the TSXV, OTC and FSE.
• The transaction results in 189,964,587 Mont Royal Shares outstanding, including 1,220,256 shares issued to settle $430,000 of accrued interest on Commerce convertible notes.
• Dual‑listing under symbols “MRZ” (ASX) and “MRZL” (TSXV) is expected to enhance liquidity and broaden the investor base for the combined entity.

Key Details

• Transaction background: Completion of the merger between Mont Royal Resources Ltd. (ASX: MRZ) and Commerce Resources Corp. (TSXV: CCE, FSE: D7H0, OTC: CMRZF) as per the definitive arrangement agreement dated 8 April 2025, amended 29 July 2025.
• Share reinstatement & listing:
• Mont Royal Shares to resume trading on the ASX under ticker “MRZ”.
• Same shares to be listed on the TSXV under ticker “MRZL”.
• Expected implementation: early November 2025.
• Delisting of Commerce Shares:
• Commerce common shares will be removed from the TSXV, OTC and FSE following the dual‑listing of Mont Royal Shares.
• Issued capital post‑transaction:
• Total outstanding Mont Royal Shares: 189,964,587.
• Included in this count are 1,220,256 shares issued to settle $430,000 of accrued interest on Commerce’s convertible notes (issued 12 May 2025).
• Strategic rationale: Dual‑listing aims to provide broader market access, improve share liquidity, and support the combined company’s growth strategy in rare earths, fluorspar, and associated mineral projects in northern Quebec.

Notable Quotes

(No direct quotes were provided in the release.)