Corridor Updates McCully Field Activities

Corridor Resources Inc. said that well stimulation (fraccing) and testing operations have commenced at the McCully natural gas field, located approximately 12 kilometers northeast of Sussex, New Brunswick. Fraccing and testing operations are planned to be conducted in a total of seven wells during August and September, commencing with the M-66 well. Corridor intends to provide updates on the results of these activities as they proceed. Six of these wells (M-66, K-66, J-66, J-67, D-57 and E-57) are located on joint lands with Potash Corporation of Saskatchewan, and PCS has elected to participate in these operations. A seventh well, B-58, is located on Corridor 100% lands and all expenditures will be for Corridor's account.

Corridor is currently preparing to set intermediate casing in the McCully E-57 well at a measured drilling depth of 2160 meters prior to drilling the Hiram Brook reservoir section. Seismic recording operations for Corridor's planned 3-D seismic program are scheduled to commence on August 9 and are expected to be completed by early September. Corridor is also preparing to conduct 2-D seismic operations in September in the Elgin area, located to the east of the McCully structure.

Corridor is a junior oil and gas exploration and production company, headquartered in Halifax, Nova Scotia, with interests onshore in New Brunswick, Prince Edward Island and Quebec, and offshore in the Gulf of St. Lawrence.