Canadian Oil Recovery & Remediation Enterprises Ltd.

Canadian Oil Recovery & Remediation Enterprises Ltd.

December 06, 2011 09:00 ET

Canadian Business Journal and International Resource Journal Highlight CORRE in Recent Publications

TORONTO, ONTARIO--(Marketwire - Dec. 6, 2011) - Canadian Oil Recovery and Remediation Enterprises Ltd. (TSX VENTURE:CVR)(OTCQX:CRVYF) ("CORRE" or the "Company") was highlighted in the December 2011 issues of the Canadian Business Journal ("CBJ"), a leading Canadian business publication, and the International Resource Journal ("IRJ"), an internationally renowned journal focused on global businesses of alternative energy, mining, oil and gas and renewable fuels.

The full-length article, available on CORRE's website, describes CORRE's capabilities and unique competitive position in the Middle East as the Company focuses on capitalizing on the lucrative environmental oil waste clean-up opportunities that exist in this region. The article further illustrates CORRE's strengths including its proven operating capabilities through its strategic operating partnership with SAR AS, a Norwegian oil waste management company, and the Company's pre-qualification with the Kuwait Oil Company as approved supplier of three distinct service lines (soil remediation, waste management and drill cuttings treatment). It also notes the Company's progress into the Kingdom of Saudi Arabia through the Company's largest shareholder, Al-Najah Advanced Technology Co. Ltd., a subsidiary of the largest construction company in the Kingdom.

The collective distribution of both the CBJ and the IRJ is extensive and includes digital distribution to over 160,000 individual senior executives in Canada and across the globe. The CBJ targets Canada's top business leaders to keep them informed of current business news, industry topics and trends as well as providing insight into major Canadian industries and enterprises. The IRJ focuses on topics related to global businesses of alternative energy, mining, oil and gas and renewable fuels. The full featured article is posted on both the CBJ website ( and the IRJ website (, in which both average over 400,000 unique visitors monthly.


CORRE ( is a Canadian-based clean technology company that provides innovative and complete oil waste management and environmental solutions to its customers. 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 services through its owned and operated Advanced Recovery Equipment Systems ("ARES") and through strategic operating partnerships. ARES is a platform of services and operating equipment facilities based on proven technologies and innovative operating processes. 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).

Forward Looking Statements

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

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.

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