CII.P

CANADIAN OIL RECOVERY & REMEDIATION ENTERPRISES LTD. (the "Corporation" or
"CORRE Ltd.") (formerly, "C Level II International Holding Inc.") (TSX
VENTURE:CII.P), is pleased to announce that it has closed its previously
announced Qualifying Transaction with Canadian Oil Recovery & Remediation
Enterprises Inc. ("CORRE Inc."). In accordance with the approvals of the
Corporation's shareholders at its annual and special meeting on May 29, 2008,
the Corporation has changed its name as noted above and has completed the
consolidation of its outstanding common shares on a three (3) for (1) basis (the
"Consolidation"). In addition, the following individuals have been appointed as
directors and officers of the Corporation: John Lorenzo (President, Chief
Executive Officer and a Director); David Carbonaro (Corporate Secretary and a
Director); Hassan Dahlawi (Director); Raymond J. Stapell (Director); Dr. Edward
Gress (Director); Wayne McKinnon (Director); William F. Madison (Director);
Jean-Francois Pelland (Director); Daniel Pharand (Director); and Colleen Hobson
(Chief Financial Officer). The registered office of the Corporation has also
been changed to the Province of Ontario. The TSX Venture Exchange (the
"Exchange") has previously granted conditional approval to the listing of the
common shares of the Corporation (post-Consolidation) resulting from the
Qualifying Transaction (the "CORRE Ltd. Shares"), subject to receipt of final
submission documents, which have now been delivered to the Exchange. Pending
satisfactory review of such final materials by the Exchange, it is expected that
the Corporation will be listed on the Exchange as a Tier 1 issuer and that
trading of the CORRE Ltd. Shares under the new symbol, "CVR" will commence on or
about June 30, 2008.


In connection with this closing, the Corporation has issued an aggregate of
40,963,385 CORRE Ltd. Shares to former holders of common shares, convertible
debentures and subscription receipts of CORRE Inc. and has issued an aggregate
of 533,333 options to acquire CORRE Ltd. Shares (at an exercise price of $0.39
per share for a period of two years) to a former holder of options to acquire
common shares of CORRE Inc. The proceeds from CORRE Inc.'s previously completed
subscription receipt financing ($3 million plus accrued interest) have also been
released and delivered to the Corporation. The Corporation has also issued
warrants to Haywood Securities Inc. (the Sponsor of the Qualifying Transaction),
entitling Haywood to acquire an aggregate of 95,238 CORRE Ltd. Shares (at an
exercise price of $0.525 for a period of one year). It should be noted that the
exchange ratio employed for the purposes of calculating the number of CORRE Ltd.
Shares issuable to former holders of CORRE Inc. securities is 5.714286 CORRE
Ltd. Shares for each one (1) common share of CORRE Inc. The product of that
calculation is then divided by the consolidation ratio (three) in order to
determine the final number of CORRE Ltd. Shares issuable to such holders.


Holders of securities of C Level II International Holding Inc. (i.e.:
pre-Qualifying Transaction) are entitled to have such securities replaced by
securities of CORRE Ltd., after giving effect to the three (3) for one (1)
Consolidation, the result being that the securities held by such holders after
completion of the Qualifying Transaction will consist of an aggregate of
6,747,792 CORRE Ltd. Shares, 666,667 options to acquire CORRE Ltd. Shares and
252,209 agent's options.


As a result of the foregoing, the outstanding capital of the Corporation upon
completion of the Qualifying Transaction consists of the following: 47,711,177
CORRE Ltd. Shares, 1,200,000 options to acquire CORRE Ltd. Shares, 95,238
Sponsor Warrants and 252,209 agent's options. An aggregate of 21,035,012 of the
foregoing shares will be subject to 18-month escrow restrictions, with
twenty-five percent (25%) of such escrowed shares being releasable upon receipt
of final Exchange approval and a further twenty-five percent (25%) being
releasable on each of the six-month, twelve-month and eighteen-month
anniversaries of such approval.


For further details regarding the Qualifying Transaction, including detailed
profiles of the individuals that have been appointed officers and directors of
the Corporation, readers are encouraged to make reference to the Filing
Statement of the Corporation that was filed on May 9, 2008 and is available
under the Corporation's profile at www.sedar.com.


About CORRE

CORRE is a Canadian company that has exclusive licenses to use two innovative
technologies and processes for oil recovery, sludge and drill cuttings treatment
and remediation of oil-contaminated sites. The first technology, namely, the
APEX technology is well established. The APEX process equipment has been
treating sludge and drill cuttings in many countries including India, Romania,
Mexico, Panama and Norway. The second technology, known as the OS (Oxidation
Stripping) technology, separates oil from sand and other solids. The process
equipment utilizing the OS technology is proprietary prototype equipment which
was exclusively developed by CORRE. The OS technology and process is best suited
for unconventional oil production from oil sands.


CORRE plans to deploy its sludge and drill cuttings treatment and oil recovery
process equipment in the oil producing countries of the Middle East where there
is substantial demand for its oil recovery and remediation services especially
in Kuwait. CORRE has already secured strategic local partnership in the Middle
East, has built the process equipment and will be shipping the equipment to
Kuwait this summer in preparation for its bid for Kuwait Oil Lakes projects
anticipated for tendering by the Kuwait Oil Company in the fall of this year.
CORRE is now in the process of applying to pre-qualify as service provider to
the Kuwait Oil Company under a pre-qualification for waste management.


Forward Looking Statements

Except for statements of historical fact relating to the Corporation, 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 Corporation 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.

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