Ecuador Copper & gold
Development and exploration company moving towards initial production.
Message: Potential sale of the Company
| December 16, 2008 |
| Corriente Resources Inc.: Marketing Process Moves to Exclusive Negotiation Stage |
| VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 16, 2008) - Corriente Resources Inc. (TSX:CTQ)(NYSE-A:ETQ) announces as an update to its news release of October 21, 2008 regarding the Citi/Canaccord marketing process, that the Company has entered into a period of exclusive negotiations with a selected party. The negotiations have expanded from the original mandate to the potential sale of the Company. Subject to earlier termination in certain circumstances, the exclusive negotiation period will extend to March 31, 2009. No assurance can be given that the negotiations will result in an agreement for the sale of the Company. Further comments or announcements will be made by the Company as developments warrant. ABOUT CORRIENTE Corriente controls a 100% interest in approximately 62,000 hectares located within the Corriente Copper Belt, Ecuador. The Belt currently contains four known copper and copper-gold porphyry deposits: Mirador, Mirador Norte, Panantza and San Carlos; as well as six additional copper exploration targets, representing a potential long-term district development opportunity for large-scale mining. Kenneth R. Shannon, CEO and President |
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