Corriente Resources Inc. Vancouver B.C. TSX : CTQ, NYSE-A : ETQ, is a copper and copper/gold development and exploration company moving towards initial production in Ecuador.

Corriente controls a 100% interest in approximately 62,000 hectares located within the Corriente Copper Belt.

The Belt extends over a 20 x 80 kilometre area in southeast Ecuador and is one of the only undeveloped copper districts available in the world today. The Belt currently contains four copper and copper-gold porphyry deposits, Mirador, Mirador Norte, Panantza and San Carlos.

Additional exploration activities will be ongoing, as six additional copper and copper-gold exploration targets have been identified in the Corriente Copper Belt to date.

Given the progress that has been made across our key projects in the Corriente Copper Belt, management believes it has set the stage for the future growth of our copper and gold assets and positioned Corriente as one of the very few copper developers that can successfully transition into large scale production on its own.

Recent Highlights

Discovered four new copper deposits totaling over 25 billion pounds of copper

Brought each deposit through scoping level

Completed feasibility study at

Mirador on starter project

Environmental Impact Assessment approved for Mirador copper mine

Community accord signed for Mirador

Mining Law

January 28, 2009 the new Ecuadorian Mining Law was published in the Ecuadorian government's official registry and has now taken effect.

Key provisions:

• No limits imposed on the number of concessions that can be held by a concessionaire;
• Concessions are limited to a term of 25 years but are renewable;
• A royalty of not less than 5% on sales;
• Establishes clear timelines for project exploration and development

Mirador / Mirador Norte – Moving Toward Production

Mirador is one of the few new significant greenfield copper-gold projects in the world that can be readied for near-term production. Mirador presents Corriente with a unique opportunity to introduce a substantial copper growth pipeline to a market environment that is plagued with supply challenges.

In November 2006, the NI 43-101 technical report on the Mirador Norte deposit was completed. Mirador Norte’s close proximity (within 1 km of the planned Mirador mill site) means that Mirador Norte could be integrated with Mirador, thereby significantly extending the mine-life at Mirador.

MIRADOR PROJECT HIGHLIGHTS

After tax NPV of $US 427 million and IRR of 22.8% (Canaccord long term copper price $2.00, 8% Discount Rate)

The 30,000 tpd Feasibility Study utilizes only 41% of the Measured and Indicated Resources at Mirador and none of the 235 million tonnes of Inferred Resources.

The Feasibility Study does not use any of the 171 Million tonnes of Measured and Indicated resources or the 46 Million tonnes of Inferred resources from the nearby Mirador Norte project.

Combined total of over 11 billion pounds of copper

Feasibility Study completed on a 30,000 tpd operation at Mirador with annual production of over 130 Million pounds of copper at a capital cost of $US418 Million.

Panantza / San Carlos – Corriente’s Copper Growth Pipeline

Building upon our position as one of the junior copper industry’s leading near-term producers is the extensive resource base that we control outside of Mirador that gives Corriente a significant future copper production pipeline. There is high potential to continue to expand resources beyond the announced figures on our development projects such as Panantza and San Carlos, as well as our other exploration projects in the Corriente Copper Belt.

Corriente recently announced a Preliminary Assessment on the Panantza – San Carlos project. The report proposes a mine plan based on the recently released, current Panantza resource estimate of 463 Mt of Inferred resources grading 0.66% copper , combined with re-estimated Inferred resources at San Carlos of 600 Mt at 0.59 % Cu (both at a 0.4% copper cut-off). The proposed mine plan would commence with a Panantza open pit and transition to a San Carlos open pit beginning in year 10, mining a total of 678 million tonnes of 0.62% copper over 21 years, at an average strip ratio of 1.1:1.

With a clear and feasible plan for Mirador in place, and with ongoing exploration and development within our 100%-owned Corriente Copper Belt properties, Corriente is in a position that is unique in the junior base metals sector.

PANANTZA – SAN CARLOS PROJECT HIGHLIGHTS

After tax NPV of $US 1.7 Billion and IRR of 24.1% (Canaccord long term Cu price $US2.00/lb, 8% Discount Rate)

Mine life of 20 years utilizes only 65% of existing resource which is open for growth with additional drilling at both deposits