Corridor holds the Province of New Brunswick Underground Storage Exploration License No. 08-01 issued pursuant to the Underground Storage Act authorizing it to investigate the development of its 15,000+ hectare license containing the Salt Springs salt deposit. This large salt deposit contains a thick section (up to 2,200 feet) of high quality salt (up to 98% NaCl) at depths ranging from 1,500 to 3,700 feet. The large deposit of high purity salt is at a sufficient depth to allow development of multiple caverns for storage of natural gas, liquefied petroleum gases (propane and butane), heating oil and crude oil. Corridor's preliminary technical and economic feasibility study has indicated that the Salt Springs deposit is well suited for the development of underground storage caverns.

Details regarding the open season and an initial description of the proposed gas storage facilities and storage services to be offered can be found on Corridor's web site (http://www.corridor.ca/).

A map is available at the following address: http://media3.marketwire.com/docs/cor_map.pdf

Corridor is a junior resource company engaged in the exploration for and development and production of petroleum and natural gas onshore in New Brunswick, Prince Edward Island and Quebec and offshore in the Gulf of St. Lawrence. Corridor currently has reserves of natural gas at only one property, the McCully Field near Sussex, New Brunswick. In June 2007, Corridor completed the construction of a field gathering system, a gas plant and a pipeline lateral connecting the McCully Field to markets through the Maritimes & Northeast Pipeline.

Forward Looking Statements

This press release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of Canadian securities laws. All statements other than statements of historical fact are forward-looking statements. Forward-looking information typically contains statements with words such as "anticipate", "believe", "plan", "continuous", "estimate", "expect", "may", "will", "project", "should", or similar words suggesting future outcomes.

Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that the future events or circumstances contemplated by the forward-looking statements will not occur. There can be no assurance that the plans, intentions or expectations upon which forward-looking statements are based will in fact be realized, including a determination of the suitability of the salt deposit for the development of storage caverns, the development of the storage facility or the provision of storage services. No assurances can be given that any agreement will be reached or that the storage facility will be developed. Actual results will differ, and the difference may be material and adverse to Corridor and its shareholders.

Forward-looking statements are based on Corridor's current beliefs as well as assumptions made by, and information currently available to, Corridor concerning the technical and economic feasibility assessment of the storage facility and general market conditions in respect of the development of storage facilities. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks that forward-looking statements will not be achieved. Additional risk factors may be found under the heading "Risk Factors" in Corridor's Annual Information Form for the year ended December 31, 2007.

The forward-looking statements contained in this press release are made as of the date hereof and Corridor does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.