NAT Naturally Advanced Technologies Inc.

Canadian Oil Recovery and Remediation Enterprises Ltd. (TSX VENTURE:CVR)
("CORRE" or the "Company") announces the issuance of an aggregate of 962,500
common shares at an ascribed price of $0.20 per share to Al-Hamdan Group of
Jeddah, Saudi Arabia. The foregoing shares have been issued as payment of
financing fees owing to Al-Hamdan Group in connection with its role as financial
advisor to the Company in Saudi Arabia and, more specifically, its assistance
with the Company's financing with Al-Najah Advanced Technology Co. Ltd. ("NAT")
and the acceptance by NAT of the Company's business and financial plan. The
acceptance of the business and financial plan resulted in the release of $2.85
million of escrowed funds to the Company, the full conversion of NAT's $4.25
million secured debenture into common shares of the Company and the eligibility
of NAT to exercise up to 21,250,000 share purchase warrants at $0.20 per share
by June 16, 2011. The foregoing Al-Hamdan Group shares are subject to hold
periods under applicable securities laws.


About CORRE

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


Through strategic operating partnerships with multi-national oil services
companies, CORRE has expanded its line of oil services across the MENA regions
to include waste management, oil storage and oil tankers tank cleaning, water
treatment, and oil and gas engineering and project management.


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.

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