Ecuador Copper & gold

Development and exploration company moving towards initial production.

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Message: Negotiations Continuing for Potential Sale of the Company

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Negotiations Continuing for Potential Sale of the Company

posted on Mar 31, 09 08:20AM

March 31, 2009

Corriente Resources Inc.: Negotiations Continuing for Potential Sale of the Company

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 31, 2009) - Corriente Resources Inc. (TSX:CTQ) (NYSE Alternext US:ETQ)(NYSE Amex:ETQ.A) announces that negotiations are continuing with the selected party regarding the potential sale of the Company, as announced on December 16, 2008. Management is pleased with the significant progress that has been made in the negotiations over the last few months, but more time is needed by the parties prior to reaching any agreement.

Further comments or announcements will be made by the Company as developments warrant. No assurance can be given that the negotiations will result in an agreement for the sale of the Company.

ABOUT CORRIENTE

Corriente holds a 100% interest in four known copper and copper-gold porphyry deposits that are being strategically developed as the Mirador Project (which includes our Mirador Norte deposit) and the Panantza-San Carlos Project, for which NI 43-101 Technical Reports have been filed on SEDAR (www.sedar.com).

The company also holds 100% of concession interests covering approximately 430 square kilometers, in which six additional copper exploration targets have been identified. Taken together, the known project deposits and exploration targets represent a potential long-term district development opportunity for large-scale copper-gold mining in southeast Ecuador.

Kenneth R. Shannon, CEO and President

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