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TORONTO, ONTARIO--(Marketwire - May 12, 2010) - Canadian Oil Recovery & Remediation Enterprises Ltd. (TSX VENTURE:CVR) ("CORRE" or the "Company"), is pleased to provide an update on the positive progress to date of its ARES I operational optimization program in Kuwait.

As previously announced on February 23^rd, CORRE completed the commissioning of its ARES I operating facility and operational testing has commenced, as announced, on March 16^th at an oil waste management site located in the Shuaiba industrial area of southern Kuwait. ARES I is designed to clean and treat oil-contaminated soil and sludge while recovering oil at a processing rate of 20 tons per hour in an energy-efficient and cost-effective manner.

CORRE has structured its ARES I operational optimization program over two phases. Phase I is soil washing which primarily cleans and treats various levels of oil-contaminated material utilizing different testing parameters and conditions with contamination levels ranging from 5% and under, to material up to 40% and higher oil content (oily sludge). This testing phase utilizes more of the innovative and proprietary features of ARES I. The range of contaminated material utilized during the operational optimization phases will be similar to the various levels of oil-contamination found in the Kuwait Oil Lakes and in typical sludge pits and oil-contaminated soils which CORRE is preparing itself for in upcoming remediation contracts. Phase II is designed to further continue the operational optimization of ARES I to test the effective and efficient separation of oil, water and fines to recover oil and recycle water, which is to be re-used in the ARES I soil washing process.

CORRE is very pleased with the initial results from early-stage Phase I testing. CORRE has been able to process approximately 10% oil-contaminated soil and was able to clean the contaminated soil down to a level below 1% Total Petroleum Hydrocarbon ("TPH") or remaining oil content. In some instances, ARES I attained a clean soil level as low as 0.33% TPH based on results from an independent, international laboratory. CORRE is continuing its Phase I optimization utilizing various levels of oil- contamination and testing parameters before moving on to Phase II. As part of Phase II, CORRE is currently awaiting receipt over the next few weeks of ancillary equipment to be delivered to Kuwait to assist with more effective centrifuging of oil, water, and fines to enhance ARES I's oil recovery and water recycling operating capabilities.

CORRE is preparing ARES I for the various large scale and upcoming remediation contracts, including contracts for the clean-up of the Kuwait Oil Lakes. CORRE currently estimates the ARES I operational optimization program to be completed during this summer, at which time CORRE believes it will be well-placed and well-timed to capitalize on these opportunities through its SAR-CORRE MENA Limited operating partnership.

CORRE believes its investment into its ARES I operational optimization program and the purchase of ancillary equipment, as required, is providing the Company with a significant competitive advantage and further separates it from potential competitors as CORRE will be able to first-hand demonstrate the standards and capabilities of its cleaning of oil-contaminated material and oil recovery.

CORRE is also providing additional information in relation to its May 5^th, 2010 news release. The 700,000 options granted to CORRE's newly appointed investor relations and shareholder communication firm, Investor Cubed Inc. ("ICI"), expire on the second anniversary from their date of grant. If CORRE was to terminate the services of ICI, any unvested options would be cancelled. Additionally, CORRE is clarifying that the award of 600,000 options to certain officers and employees of CORRE are exercisable over 18 equal monthly installments following one year from their date of grant, as approved by the Company's board.

About CORRE

CORRE is a Canadian company that utilizes its proprietary Advanced Recovery Equipment Systems ("ARES") platform for sludge treatment, soil remediation and oil recovery. As part of ARES, CORRE owns exclusive licenses to use innovative technologies and proprietary processes for oil recovery, sludge and drill cuttings treatment and remediation of oil-contaminated sites. CORRE plans to deploy ARES in the oil producing countries of the Middle East and other regions where there is substantial demand for its services.

Through its new strategic partnerships with multi-national oil services companies, CORRE is significantly expanding its line of oil services across the Middle East and North Africa to include waste management, oil storage and oil tankers tank cleaning and water treatment.

Forward Looking Statements

Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Except as required by applicable securities requirements, the Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.