CORRE Announces Major Drill Cuttings Treatment Contract in Kuwait

Canadian Oil Recovery and Remediation Enterprises Ltd. (TSX VENTURE:CVR)
("CORRE" or the "Company") is pleased to announce that SAR AS, the MENA
operating partner of CORRE in SAR-CORRE MENA Limited ("SCM"), has been awarded a
major multi-million dollar contract by the Kuwait Oil Company ("KOC") to treat
oil based mud ("OBM") drill cuttings ("KOC Contract"). Eighteen companies were
approved by KOC to bid for this drill cuttings treatment project.


The KOC Contract includes the mobilization and construction of a fully equipped
permanent facility to treat 26,000 tons of drill cuttings per year as specified
in the contract. This facility will be built using the proven drill cuttings
treatment technology and process of SAR's world class facility currently
operating in Averoy, Norway, which has the capacity to treat 50,000 tons of
drill cuttings per year. The treatment capacity of the new facility can be
increased if and when needed. The term of the KOC Contract is for 5 years with a
one-year extension option during which 130,000-156,000 tons of drill cuttings
are expected to be treated. The contract provides a 6 month mobilization period
starting July 10th 2014. Accordingly, the permanent facility is expected
commence operations on or before January 10th 2015.


The Company is unable to disclose the total contract amount at the present time
in order to safeguard the confidentiality of its proprietary processing rate and
its bidding prices for similar ongoing high value drill cuttings contracts in
the Gulf. At the present time, the Company's operating partner is in the process
of bidding for another major onshore drill cuttings treatment contract, and is
also preparing to bid on an equally major drill cuttings contract located
offshore. Notwithstanding this current limitation for competitive purposes, the
Company is able to provide the following particulars pertaining to the KOC
Contract:




--  The estimated Capital Expenditures of the KOC Contract are approximately
    $8.5 million (45% of which will be CORRE's proportionate obligation in
    connection with its ownership interest in SCM); 
--  Upon completion of mobilization, a payment in the amount of $1.65
    million will be due to SCM from KOC; 
--  Based upon Company management's review of contracts awarded in the MENA
    and other regions for drill cuttings tenders during the past 4 years,
    the estimated range of the service industry average operating cost under
    such agreements is between $120 and $275 per ton and SCM's costs will be
    within this range. The three primary factors affecting the actual cost
    of operators under such agreements are: a. volume (economies of scale
    may result in lower operational costs); b. the technology being employed
    (for example, direct thermal desorption, as compared to indirect thermal
    desorption); and c. total overhead costs; and 
--  Though the absolute contract value cannot be disclosed at this time, the
    Company is able to confirm that the total revenue payable under the KOC
    Contract exceeds $18 million dollars.



"With this contract, our MENA operating partner has positioned us as one of the
primary contractors in the specialized service of treatment of drill cuttings in
the MENA region. This represents a significant milestone in the development of
our oil waste management and treatment services in the region and in our joint
role with the local national oil companies as advocates for a clean and safe
environment. With SAR as our partner and pre-qualified oil service provider, we
continue to bid for more contracts and to increase our environmental remediation
responsibilities using our optimized and approved technologies to treat
oil-contaminated soil, recover oil and clean drill cuttings. Furthermore, SAR
can now demonstrate the quality and effectiveness of its drill cuttings
treatment services to KOC, a leading oil company in the Gulf region," said
CORRE's Chairman and CEO John Lorenzo. "Finally, I would like to thank our
shareholders and strategic allies for their patience and unfailing support."


About CORRE

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 future value of the KOC Contract,
estimated operating costs and CAPEX and the potential for successfully obtaining
additional contracts via the tendering processes discussed herein. 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.


Forward-looking information is 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 anticipated in the forward-looking information.
Some of the risks and other factors that could cause the results to differ
materially from those expressed in the forward-looking information include, but
are not limited to: commodity price volatility; general economic conditions in
Canada, the United States, the MENA region and globally; industry conditions,
governmental regulation, including environmental regulation; unanticipated
operating events or performance; failure to obtain industry partner and other
third party consents and approvals, if and when required; the availability of
capital on acceptable terms; the need to obtain required approvals from
regulatory authorities; stock market volatility; competition for, among other
things, capital, skilled personnel and supplies; changes in laws; and the other
risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are
cautioned that this list of risk factors should not be construed as exhaustive.


The forward-looking information contained in this news release is expressly
qualified by this cautionary statement. We undertake no duty to update any of
the forward-looking information to conform such information to actual results or
to changes in our expectations except as otherwise required by applicable
securities legislation. Readers are cautioned not to place undue reliance on
forward-looking information.


Neither the 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 this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canadian Oil Recovery and Remediation Enterprises Ltd.
John Lorenzo
Chairman & CEO
[phone]


Canadian Oil Recovery and Remediation Enterprises Ltd.
David Freeman
Corporate Development
[phone]
[e-mail]