CVR Canadian Oil Recovery and Remediation Enterprises Ltd

Canadian Oil Recovery and Remediation Enterprises Ltd. (TSX VENTURE:CVR)
("CORRE" or the "Company") is pleased to provide an update on the progress of
its ongoing and upcoming tenders for projects involving the treatment of sludge,
soil remediation, oil recovery, and treatment of drill cuttings. The Company
would also like to shed more light on its need to protect the bidding price for
its recently awarded drill cuttings treatment contract in Kuwait.


With the successful optimization and official approval of our sludge treatment,
soil washing, oil recovery and the most recently validated drill cuttings'
treatment technologies, SAR AS ("SAR") and CORRE, on behalf of SAR-CORRE MENA
("SCM"), are aggressively in the process of bidding for several new major
onshore and offshore projects in the MENA region for the treatment and
processing of a combined tonnage of over 1,700,000 tons of drill cuttings,
sludge, oil and other chemical contaminated soil broken down as follows:




--  Drill Cuttings - Approximately 450,000 tons 
--  Oily Sludge - Approximately 125,000 tons 
--  Soil Washing & Remediation - Approximately 1,150,000 tons



Having secured a high value contract in Kuwait, SAR and CORRE, on behalf of SCM,
are preparing to demonstrate the quality of their combined technologies,
operational experience, as well as project execution efficiencies and
capabilities. SCM intends to continue to expand its footprint within the MENA
region by securing yet even higher value contracts.


The Company is now working closely with its operating partner SAR, its major
shareholders, directors and local banks to provide sufficient project finance to
fund the capital and operating expenditures of its current drill cuttings
project in Kuwait. In due course the Company will be reporting on the progress
of its financing. "We would like our shareholders and stakeholders to know that
by protecting our drill cuttings treatment bid prices, we are increasing our
chances of winning more contracts in this very lucrative and profitable service
line. The demand for the treatment of drill cuttings has been steadily
increasing worldwide, especially in our core area of operations, the MENA
region," stated Mr. John Lorenzo, the Company's CEO. "Furthermore, the sheer
size of both tonnage and value of the contracts we are now bidding for demand,
in addition to our relentless perseverance, our utmost prudence and discretion
in protecting the formulae of our success, namely our proprietary technologies
and processing prices."


About CORRE

CORRE is a Canadian-based oil services company which trades on the TSX Venture
Exchange under the symbol CVR. CORRE provides full cycle oil waste management
solutions to the petroleum industry. 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).
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 advanced environmental solutions through strategic operating partnerships
with some of the most distinguished companies throughout the world.


Forward Looking Statements

Except for statements of historical fact, this news release contains certain
"forward-looking information" within the meaning of applicable securities law.
Forward-looking information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate" and other
similar words, or statements that certain events or conditions "may" or "will"
occur. In particular, forward-looking information in this press release
includes, but is not limited to, the potential future value of the KOC Contract,
estimated operating costs and CAPEX and the potential for successfully obtaining
additional contracts via the tendering processes discussed herein. Although we
believe that the expectations reflected in the forward-looking information are
reasonable, there can be no assurance that such expectations will prove to be
correct. We cannot guarantee future results, performance or achievements.
Consequently, there is no representation that the actual results achieved will
be the same, in whole or in part, as those set out in the forward-looking
information.


Forward-looking information is 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 anticipated in the forward-looking information.
Some of the risks and other factors that could cause the results to differ
materially from those expressed in the forward-looking information include, but
are not limited to: commodity price volatility; general economic conditions in
Canada, the United States, the MENA region and globally; industry conditions,
governmental regulation, including environmental regulation; unanticipated
operating events or performance; failure to obtain industry partner and other
third party consents and approvals, if and when required; the availability of
capital on acceptable terms; the need to obtain required approvals from
regulatory authorities; stock market volatility; competition for, among other
things, capital, skilled personnel and supplies; changes in laws; and the other
risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are
cautioned that this list of risk factors should not be construed as exhaustive.


The forward-looking information contained in this news release is expressly
qualified by this cautionary statement. We undertake no duty to update any of
the forward-looking information to conform such information to actual results or
to changes in our expectations except as otherwise required by applicable
securities legislation. Readers are cautioned not to place undue reliance on
forward-looking information.


Neither the 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 this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canadian Oil Recovery and Remediation Enterprises Ltd.
John Lorenzo
Chairman & CEO
(416) 368-4027


Canadian Oil Recovery and Remediation Enterprises Ltd.
David Freeman
Corporate Development
(416) 368-4027
dfreeman@corre.com

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