Corriente Resources Inc.
TSX : CTQ
AMEX : ETQ

Corriente Resources Inc.

October 29, 2007 07:00 ET

Corriente Resumes Work on Mirador Environmental Impact Assessment Amendment

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 29, 2007) - Based on discussions with the Ecuador Ministry of Mines and Petroleum, Corriente (TSX:CTQ)(AMEX:ETQ) has given notification of the resumption of activities related to the development of an Environmental Impact Assessment Amendment (EIAA), covering the complete Mirador concession area, starting November 2007.

The EIAA is an amendment to the previously-approved Environmental Impact Assessment for the Mirador concession area that will incorporate engineering enhancements completed on the Mirador project.

"The resumption of these activities is the result of multiple open and transparent conversations that have been taking place over the past few months with the Ministry that are leading to formal bilateral negotiations," commented Corriente CEO, Ken Shannon.

ABOUT CORRIENTE

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 Mirador Norte prospect currently under development. Additional exploration activities are ongoing, as six additional copper and copper-gold exploration targets have been identified in the Corriente Copper Belt to date.

Kenneth R. Shannon, CEO

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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