Canadian Oil Recovery & Remediation Enterprises Ltd.

Canadian Oil Recovery & Remediation Enterprises Ltd.

February 23, 2010 14:17 ET

CORRE Announces Mobilization of its ARES I Facility

TORONTO, ONTARIO--(Marketwire - Feb. 23, 2010) -

Editors Note: There is a photo associated with this Press Release.

Canadian Oil Recovery and Remediation Enterprises Ltd. (TSX VENTURE:CVR) ("CORRE" or the "Company") announces that it has mobilized and fully assembled its ARES I facility at an oil waste management site located in the Shuaiba Industrial Area of Southern Kuwait. As CORRE previously reported on December 24th, 2009, it will begin testing its ARES I facility, designed to clean and treat oily sludge and heavy oil­contaminated soil, to optimize its continuous 20 tons per hour processing capabilities.

Commissioning of the ARES I facility is nearly complete with testing on local oil­contaminated soil and sludge expected to begin by approximately March 16th.

As CORRE, through its previously announced SAR­CORRE MENA ("SCM") operating partnership, finalizes its preparations for upcoming commercial remediation contracts, this testing provides SCM with a significant competitive bidding advantage.

On March 25th, CORRE has been invited to participate in a forum hosted by the Kuwait National Focal Point ("KNFP") and Kuwait Oil Company ("KOC") to present the Company's oil remediation technologies. KNFP is the central committee to supervise the implementation of environmental remediation projects in Kuwait. Following the forum and when optimization of the ARES I facility is complete, CORRE plans to invite KNFP and KOC to its testing site. KNFP and KOC will work in conjunction with the United Nations Compensation Committee to award contracts for the Kuwait Oil Lakes clean­up.

About CORRE    

CORRE is a Canadian company that utilizes its proprietary Advanced Recovery Equipment Systems ("ARES") platform for oil recovery and remediation. As part of ARES, CORRE owns exclusive licenses to use innovative technologies and processes for oil recovery, sludge and drill cuttings treatment and remediation of oil­contaminated sites. CORRE plans to deploy ARES in the oil producing countries of the Middle East and other regions where there is substantial demand for its oil recovery and remediation services.

With its new strategic partnerships with multi­national oil services companies, CORRE has significantly expanded its line of oil services across the Middle East and North Africa to include waste management, oil storage and oil tankers tank cleaning and water treatment. This will provide CORRE with a competitive advantage in bidding for major contracts in these regions.

Forward Looking Statements

Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward­looking statements. Forward­looking statements are 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 projected in the forward­looking statements. Except as required by applicable securities requirements, the Company undertakes no obligation to update forward­looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward­looking statements.

To view the photo associated with this Press Release please view the following link:

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 the release.

Contact Information