CORRE and SAR Announce Agreement with Leading Oil Recovery and Remediation Company in Kuwait

Canadian Oil Recovery & Remediation Enterprises Ltd. (TSX VENTURE:CVR) ("CORRE"
or the "Company") and SAR AS ("SAR") announce that they have entered into a
binding agreement with the National Cleaning Company of Kuwait ("NCC") to become
prime bidders for the cleanup of the Kuwait Oil Lakes.


This agreement will primarily provide SAR-CORRE MENA ("SCM") with the immediate
opportunity to test and validate the Company's ARES I facility for the efficient
and economic recovery of oil and remediation of the Kuwait Oil Lakes. As
previously announced, the ARES I facility is presently in Kuwait and ready for
deployment to the NCC oil waste management site in the Shuaiba Industrial Area
of Southern Kuwait. NCC has dedicated this site for the treatment of sludge, the
sources of which are from the Kuwait Oil Lakes and local oil storage tanks, as
well as the remediation of oil-contaminated soil. 


The testing and customization of the ARES I facility to treat oil-contaminated
materials under local conditions provides SCM with a strong competitive
advantage throughout the upcoming tendering for US $3.65 billion worth of
projects over the next decade. As previously announced, the Kuwait Oil Company
will be releasing the first grouping of up to five Kuwait Oil Lakes Tenders of
US $50-$100 million each starting next year. The SCM agreement with NCC further
provides for a strategic operating partnership exclusively for the Kuwait Oil
Lakes projects. This operating partnership will be formed with 51% of the
ownership allocated to NCC and 49% to SCM. 


NCC, based in Kuwait, is a leader in the Waste Management and Oil Service Sector
in the Gulf region. It has over 28 years of experience in its industry and is
well-established amongst the national oil companies in the region. NCC has been
instrumental in the development of the environmental standards in Kuwait and has
strong ties with Kuwait's environmental protection department. NCC is
pre-qualified by the national oil companies and government of Kuwait as a
provider of waste management and soil remediation services; a requirement for
the cleanup of the Kuwait Oil Lakes. 


John Lorenzo, Chief Executive Officer and Chairman of CORRE stated: "The two
strategic agreements we announced this month, first with SAR and now with NCC,
mark the achievement of two major milestones set by management for our
operations following our financial transaction with NAT and in preparation for
our business and financial plan to be released in March 2010." 


The mobilization and commissioning of the ARES I facility on the NCC property
will commence in the first week of January, 2010. 


About NCC 

NCC (www.ncc-kw.com) was established in 1979 and, together with its affiliated
companies, KGL Holdings (www.kgl.com) and Wataniya Environmental Services
(www.wes.com.kw), is a leading environmental service provider in Kuwait. NCC's
services include Oil Lakes rehabilitation, drilling mud treatment, total sludge
management, oil water separation, oil skimmers, spills clean-up, hazardous waste
treatment, refineries waste management, fuel recovery plant, landfill
rehabilitation and liquid waste incineration. 


NCC has a well established list of clients including Kuwait Oil Company, Kuwait
National Petroleum Company, Petrochemical Industries Co., Kuwait Municipality,
Ministry of Education, Ministry of Health and the Ministry of Defense. The
Company employs in excess of 7,000 people. 


About CORRE 

CORRE is a Canadian company that utilizes its proprietary Advanced Recovery
Equipment Systems ("ARES") program for oil recovery and remediation. As part of
ARES, CORRE owns exclusive licenses to use innovative technologies and processes
for oil recovery, sludge and drill cuttings treatment and remediation of
oil-contaminated sites. CORRE plans to deploy ARES in the oil producing
countries of the Middle East and other regions where there is substantial demand
for its oil recovery and remediation services. 


With its new strategic partnerships with multi-national oil services companies,
CORRE has significantly expanded its line of oil services in the MENA regions to
include waste management, oil storage and oil tankers tank cleaning and water
treatment. 


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.
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