TORONTO, ONTARIO--(Marketwired - Oct. 31, 2013) - Canadian Oil Recovery and Remediation Enterprises Ltd. (TSX VENTURE:CVR) ("CORRE" or the "Company") is pleased to announce that, under the UN $3.5 billion war compensation program, the Kuwait Oil Company ("KOC") has started the process of clean-up of the Kuwait Oil Lakes by issuing a tender to all prequalified soil remediation providers for a field demonstration project. This field demonstration project is a precursor to forthcoming high value Oil Lake soil remediation tenders. Furthermore, in an article published last weekend, Kuwait issued an Invitation for Proposal ("IFP") to other international soil remediation service providers to present their technologies for the treatment of sludge and soil remediation of the Kuwait Oil Lakes together with their applications for prequalification.

Accordingly, SAR, CORRE's MENA operating partner, received the tender for the demonstration project and is preparing the submission by the December 1st, 2013 deadline. The Company will provide an update as the tendering process advances and milestones are achieved.

The tender for field demonstration as well as the IFP show the serious intent of KOC to source the best technologies and processes that can effectively and economically deal with this 40 to 60 million tons of heavy sludge and oil contaminated soil, which is spread out in 340 Oil Lakes over 114 sq km.

"For the last few years, we have been building a comprehensive knowledge of sludge treatment, soil washing and soil remediation in preparation for the works required for the clean-up of the Kuwait Oil Lakes. We have also tested and optimized our advanced equipment systems in order to implement the combined technologies of our MENA operating partnership. Due to the magnitude of the contamination, we view the Kuwait Oil Lakes clean-up business as long-term." Said CORRE CEO John Lorenzo, adding "We are eager and proud to be part of this massive environmental clean-up for many years to come, and to bid for the multiple high value projects it will entail."

To learn more about CORRE and the oil lakes, Click Here.


CORRE is a Canadian-based oil services company which trades on the TSX Venture Exchange under the symbol CVR. CORRE provides full cycle oil waste management solutions to the petroleum industry. CORRE's customers are primarily in the upstream petroleum sector (oil production and drilling companies) and downstream petroleum sector (oil refinery, transportation and distribution companies). CORRE's operating lines include remediating oil-contaminated soil; treating sludge, oil based muds and drilling waste, oil recovery; automated oil storage tank cleaning, oil and gas engineering, and project management. CORRE provides its advanced environmental solutions through strategic operating partnerships with some of the most distinguished companies throughout the world.

Forward Looking Statements

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to, the potential for obtaining successful contracts via the tendering processes discussed herein and negotiations regarding potential projects. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

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Contact Information:

Canadian Oil Recovery and Remediation Enterprises Ltd.
John Lorenzo
Chairman & CEO
(416) 368-4027

Canadian Oil Recovery and Remediation Enterprises Ltd.
David Freeman
Corporate Development
(416) 368-4027

Canadian Oil Recovery and Remediation Enterprises Ltd.
Michael Lorenzo
Shareholder Communications
(416) 368-4027