CVR Canadian Oil Recovery and Remediation Enterprises Ltd

Canadian Oil Recovery and Remediation Enterprises Ltd. (TSX VENTURE:CVR)
("CORRE" or the "Company") is pleased to provide an update on the progress of
its project opportunities for sludge treatment, soil remediation, oil recovery,
and the treatment of drilling wastes in the MENA region.


CORRE's MENA operating partnership company has been shortlisted among a few
competitors for a tender by a national oil company in the northern Gulf region.
This tender has progressed to its final stage of negotiations, the results of
which are expected in the coming month. Congruently, the operating partnership
company is awaiting the results of a similar tender in the southern Gulf region.
Again, results of this second tender are anticipated in the fourth quarter of
this year. The Company is also pleased to report that its satellite detection
pilot project has entered into its final review phase in Kuwait. Following this
final review, the Company hopes to move onto contract negotiations.


Finally, the Company is also currently in negotiations with a new financial and
operating party to build and operate a comprehensive oil and chemical waste
management facility in Africa. It is anticipated that this central facility
would be capable of treating oil contaminated soil and chemical wastes within an
oil-producing country.


Due to the sensitive and confidential nature of the tendering process discussed
in this release, CORRE is restricted at this time from providing any further
details concerning the tender negotiations. Further announcements will be
provided as the results of these pending tenders are determined.


To be added to CORRE's corporate distribution list for updates on these and
other ongoing projects, please contact David Freeman at dfreeman@corre.com.


About CORRE

CORRE is a Canadian-based oil services company which trades on the TSX Venture
Exchange under the symbol CVR. CORRE provides full cycle oil waste management
solutions to the petroleum industry. CORRE's customers are primarily in the
upstream petroleum sector (oil production and drilling companies) and downstream
petroleum sector (oil refinery, transportation and distribution companies).
CORRE's operating lines include remediating oil-contaminated soil; treating
sludge, oil based muds and drilling waste, oil recovery; automated oil storage
tank cleaning, oil and gas engineering, and project management. CORRE provides
its advanced environmental solutions through strategic operating partnerships
with some of the most distinguished companies throughout the world.


Forward-Looking Statements

Except for statements of historical fact, this news release contains certain
"forward-looking information" within the meaning of applicable securities law.
Forward-looking information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate" and other
similar words, or statements that certain events or conditions "may" or "will"
occur. In particular, forward-looking information in this press release
includes, but is not limited to, the potential for obtaining successful
contracts via the tendering processes discussed herein and negotiations
regarding potential projects. Although we believe that the expectations
reflected in the forward-looking information are reasonable, there can be no
assurance that such expectations will prove to be correct. We cannot guarantee
future results, performance or achievements. Consequently, there is no
representation that the actual results achieved will be the same, in whole or in
part, as those set out in the forward-looking information.


Forward-looking information is based on the opinions and estimates of management
at the date the statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to
differ materially from those anticipated in the forward-looking information.
Some of the risks and other factors that could cause the results to differ
materially from those expressed in the forward-looking information include, but
are not limited to: commodity price volatility; general economic conditions in
Canada, the United States, the MENA region and globally; industry conditions,
governmental regulation, including environmental regulation; unanticipated
operating events or performance; failure to obtain industry partner and other
third party consents and approvals, if and when required; the availability of
capital on acceptable terms; the need to obtain required approvals from
regulatory authorities; stock market volatility; competition for, among other
things, capital, skilled personnel and supplies; changes in laws; and the other
risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are
cautioned that this list of risk factors should not be construed as exhaustive. 


The forward-looking information contained in this news release is expressly
qualified by this cautionary statement. We undertake no duty to update any of
the forward-looking information to conform such information to actual results or
to changes in our expectations except as otherwise required by applicable
securities legislation. Readers are cautioned not to place undue reliance on
forward-looking information.


Neither the 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
CORRE
John Lorenzo
Chairman & CEO
(416) 368-4027
jlorenzo@corre.com


CORRE
David Freeman
Corporate Development & Shareholder Communications
(416) 368-4027
dfreeman@corre.com

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