CORRE Reports Status of Pilot Project with KOC & Opportunities for Drill Cuttings & Soil Remediation

Canadian Oil Recovery and Remediation Enterprises Ltd. (TSX VENTURE:CVR)
("CORRE" or the "Company") is pleased to announce that it has completed the
requirements of the satellite detection pilot project, conducted with EcoTecnos,
by delivering its geo-sensing final report to the Kuwait Oil Company ("KOC").
The report defines and quantifies each type of oily sludge and slop oil in a pit
chosen by KOC. The report further provides a 2-D image of the pit with specific
colors each depicting a type of oily sludge ranging from light to intermediate
and heavy as well as a legend denoting the quantity of each type of oily sludge
depicted. The report also shows the extent of the sub-surface penetration of the
oily sludge at the bottom of the pit. KOC will be reviewing the report and will
verify its findings. Tests will also be conducted by KOC to establish the
accuracy of the findings of the EcoTecnos report. Upon KOC's validation of the
report, negotiations for a high value geo-sensing satellite detection contract
may commence with KOC whereby EcoTecnos would map out, detect and measure all
environmentally contaminated areas, pits and oil lakes in Kuwait. CORRE hopes to
hear back from KOC anytime in the next two months and will provide an update in
a subsequent news release on KOC's position concerning this pilot project and
prospective contract of which CORRE has a 50% effective working interest.


Mr. John Lorenzo, the Company's Chief Executive Officer, just returned from a
3-week business trip to Jeddah, Saudi Arabia; Dubai and Kuwait. He was joined by
the SAR international team in his visits and meetings with senior environmental
teams of three Saudi refineries with whom SAR CORRE MENA LTD ("SCM") is
currently engaged in proposals for contracts to treat the oily sludge and slop
oil in their refinery's oily sludge collection ponds this year. Directly
benefitting CORRE and expanding the market opportunities for SCM are new rules
and much more rigorous environmental standards and regulations set by the
Presidency of Meteorology and Environment ("PME") of Saudi Arabia that no longer
tolerate cheaper and non-environmentally compliant methods of disposal of
contaminated soils, oily sludge and slop oil. The oil exploration, storage,
refining and transportation industries are being made, under new laws,
increasingly accountable and responsible for the proper remediation of
oil-contaminated soils and treatment of any and all oily wastes which they
regularly generate providing an increased scope of prospective contract
opportunities for CORRE. Through CORRE's shareholding structure and local Saudi
Arabian partnership with Petroleum Chemical and Mining Company, CORRE benefits
from strategic access to the Saudi Arabian market.


CORRE continues to leverage its experience and relationships with operational
and strategic partners to bid for high value contracts in order to secure
projects whereby it can employ, among other services, its proprietary advanced
recovery and remediation equipment as well as drill cuttings systems and
facilities. Accordingly, the Company is pleased to report that it has tendered
for the previously announced five-year contract (see press release dated
December 14th, 2012) to execute a high value project in the Gulf Region. The
Company expects the customer to review the bids and announce a winner in Q2 2013
and the Company looks forward to providing more details at that time.
Additionally, the Company continues to prepare for a second high value tender in
the Gulf Region, similar in scope and value to an earlier tender which was
awarded for $20 million in the region. The Company feels well positioned in its
bids for these projects.


Mr. Lorenzo ascertained from his visit to Kuwait that KOC is expected to tender
two to three new high value contracts for drill cuttings facilities in 2 to 3
different drilling locations in Kuwait in Q2 of 2013. It is CORRE's intent,
through its SCM operating partnership, to submit bids for all drill cuttings
tenders. Moreover, the Company is currently preparing itself for the upcoming
oil lakes and SEED soil remediation tenders also forthcoming in Q2 of 2013. The
Company believes that these target dates for the release of tenders by KOC have
become more plausible now that KOC has completed the reorganization, staffing
and noticeable expansion of its drill cuttings and environmental departments in
anticipation of the release and administration of these tenders.


Upon his return to Toronto from his business trip to the Gulf Region, Mr.
Lorenzo stated: "We have completed our SAR CORRE MENA LTD's budget in
anticipation of the submitted and forthcoming high value drill cuttings and soil
remediation tenders. We are completing the organizational structure of SAR CORRE
MENA LTD and staffing our Dubai offices to assist the new international
department in Norway to bid and hopefully secure and execute the forthcoming
projects within the scope and specialization of our line of oil services." Mr.
Lorenzo added: "The experience we are gaining from our project in Jordan and
from our last year's bidding process for the SEED contracts in Kuwait as well as
our new operating partnership in Saudi Arabia, position us for success this
year."


Negotiations with the Company's major shareholders and strategic new partners
are ongoing to fund the Company's portion of the SAR CORRE MENA LTD's 2013
budget as well as the operations and working capital of CORRE. We will keep our
shareholders updated of any final developments in this regard.


About CORRE

CORRE is a Canadian-based 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 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 has 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
CORRE LTD.
John Lorenzo
Chairman and CEO
416-368-4027
jlorenzo@corre.com


CORRE LTD.
David Freeman
Corporate Development & Shareholder Communications
416-368-4027
dfreeman@corre.com
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