Corriente Resources Inc.
TSX : CTQ
AMEX : ETQ

Corriente Resources Inc.

May 30, 2006 09:00 ET

Corriente Resources Inc.: Senior Management Join Ecuador Operations Team for Mirador Copper-Gold Project

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 30, 2006) - Corriente (TSX:CTQ)(AMEX:ETQ) is pleased to announce that it has added two new senior management staff to its Ecuador operating group, focused on the development and operations of the company's Mirador copper-gold project.

Joining as General Manager in charge of the entire Mirador project is John Malysa, who most recently was in Venezuela with Evan Energy and Carbones de la Guajira. John has over 25 years of experience in project development, construction and mine operations, including extensive Latin assignments. He has a B.S. from Penn State and an MBA from the University of Colorado. John has a special interest in community engagement and said the following: "The pipeline of copper projects controlled by Corriente provides a unique opportunity to grow substantial assets over the next ten years for the benefit of both Corriente shareholders and the local communities. I am excited about leading the process of building value in such a promising environment."

In addition, Warren McLean joins the Ecuador operating group as Vice-President, Finance and Administration. Most recently with AEC Ecuador (recently sold by Encana to Andes Petroleum) as Commercial Manager for the Ecuador Region, Warren has 30 years experience in finance, taxation, financial reporting, IT and procurement. Warren is a Chartered Accountant and Certified Fraud Examiner, and has worked the last six years in Ecuador. Warren commented, "After my positive experiences in Ecuador over the last six years, I was looking for an opportunity to continue living and working in the country with a resource development group that respects the community and operates in a transparent manner. I feel strongly that Corriente shares these same values."

Corriente is moving towards construction of a starter operation at its Mirador copper-gold operation. Mirador is one of the few new, sizeable copper projects available for near-term production. Corriente controls a 100% interest in over 50,000 hectares located within the Corriente Copper Belt, Ecuador. The Belt currently contains three copper and copper-gold porphyry deposits, Mirador, Panantza and San Carlos, as well as the newly discovered Mirador Norte prospect. Additional exploration activities will be ongoing, as six additional copper and copper-gold exploration targets have been identified in the Corriente Copper Belt to date.

Kenneth R. Shannon, Chief Executive Officer

Certain statements contained in this News Release constitute forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company's plans to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made, and readers are advised to consider such forward-looking statements in light of the risks set forth in the company's continuous disclosure filings as found at www.sedar.com.

Disclosure statements as required by National Instrument 43-101 are available at our website www.corriente.com.


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