Corriente Resources Inc.

Corriente Resources Inc.

April 25, 2007 09:01 ET

Corriente Resources Inc.: Communities Push Federal Government to Lift Suspension at Mirador

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 25, 2007) - Corriente Resources Inc. (TSX:CTQ)(AMEX:ETQ) -

In addition to the company's current and planned discussions with the federal government, local communities are continuing to lobby the government of Ecuador through the offices of the Ministry of Mines to lift the suspension of development activities at the Mirador Project site in southern Ecuador. Corriente has obtained copies of letters from a variety of groups including the Shuar Federation of Zamora-Chinchipe, Tundayme Parish Board, El Pangui County Consortium of Parish Boards and nine Shuar communities in Canton Gualaquiza and Bomboiza. These groups represent a broad and representative cross-section of the local stakeholders that will be impacted by the development of the Mirador copper-gold project.

The determination of the communities to have their voice heard is reflected in some of the comments directed towards the government of Ecuador. These comments include those from the Pangui Parish which said, "We respectfully request that the work suspension of EcuaCorriente be lifted immediately....As residents of this forgotten corner in our native country, we are the true witnesses of the importance of Ecuacorriente's contribution to the development of our communities." Another voice was heard in the Shuar community letter from the Bomboiza and Gualaquiza Cantons which said, "We, the undersigned, respectfully request that the work suspension of EcuaCorriente be lifted with immediate effect. Due to the work suspension, a conflict between neighbors has arisen. We feel that it has been provoked on the basis of bad intentions and erroneous information from ecological and religious groups, identified as activists against mining...". Finally, a comment from the Shuar Federation of Zamora Chinchipe calls for "....the immediate resumption of the technical and social activities that the company EcuaCorriente has been performing in the Pangui and Tundayme Parishes. Our request is based on our right for self-determination, which is guaranteed in the constitution, in order to decide our future...".

Ken Shannon, CEO of Corriente, commented, "Corriente has always been committed to full environmental responsibility to our local communities who are counting on us for jobs and other benefits, such as significantly improved housing, medical services and education. We see a bright future for the people of our communities and those in other regions in the country from responsible and co-operative modern mining activities. We are very encouraged to see them standing solidly with us in our combined efforts."

Corriente is supportive in helping the voice of these local communities be heard by all parties concerned as part of an extensive civil dialogue that is vitally important to the future of all Mirador stakeholders. We believe that the will of the people, as voiced by these letters, will lead to a decision by the government to allow activities to resume and we look forward to joining with our communities for a responsible mining future at Mirador.


Mirador is one of the few new, sizeable copper projects available for near-term production. Corriente controls a 100% interest in over 60,000 hectares located within the Corriente Copper Belt, Ecuador. The Belt currently contains four copper and copper-gold porphyry deposits: Mirador, Mirador Norte, Panantza and San Carlos.

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

Disclosure statements as required by National Instrument 43-101 are available at our website

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