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Company Information for Corriente Resources Inc.

TSX-CTQ; AMEX-ETQ

www.corriente.com

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Company Statement

Corriente Resources Inc. is a copper and copper/gold development and exploration company moving towards initial production. Corriente controls a 100% interest in approximately 62,000 hectares located within the Corriente Copper Belt. The Belt extends over a 20 x 80 kilometre area in southeast Ecuador and is one of the only undeveloped copper districts available in the world today. The Belt currently contains four copper and copper-gold porphyry deposits, Mirador, Mirador Norte, Panantza and San Carlos. Additional exploration activities will be ongoing, as six additional copper and copper-gold exploration targets have been identified in the Corriente Copper Belt to date.

A key attribute of the company is that development of the 100% owned Corriente Copper Belt is scalable. This enables a modest investment to open up the district, with growth to be financed largely from cash flow, creating South America’s next major producing copper district.

Given the progress that has been made across our key projects in the Corriente Copper Belt, management believes it has set the stage for the future growth of our copper and gold assets and positioned Corriente as one of the very few copper developers that can successfully transition into large scale production on its own.

Of significant importance for the next decade of our growth in the Corriente Copper Belt is our continued commitment to local communities as we move forward with our mining and economic development. We are currently building good local support for our projects in Ecuador and will continue to work on these important relationships going forward. In addition, we are very pleased with the high level of experienced technical and management expertise we have been able to attract to our Ecuador projects. Corriente’s growth opportunities and the attraction of relocating to Ecuador are some of the key reasons we have been successful in getting a head-start in the building of a strong project team.

Current Operations

Deposits in Development:

Mirador
Mirador is one of the few new, sizable copper projects in the world available for near term production.
Mineral resources at Mirador include Measured and Indicated of 438 Mt at 0.61% Cu, 0.19 g/t Au and 1.5 g/t Ag and Inferred of 235 Mt at 0.52% Cu, 0.17 g/t Au and 1.3 g/t Ag. Corriente has completed a feasibility study on milling 30,000 tonnes per day from a 181 million tonne in-pit resource, over a 19 year mine life, and with a 0.8:1 strip ratio.

Mirador Norte
Mirador Norte is the most recently discovered copper deposit, located approximately 3 km north of the Mirador copper-gold project. Copper and gold mineral resources have been identified, which include Indicated resources of 171 million tonnes of 0.51% copper and 0.09 g/t gold and Inferred resources of 46 million tonnes at a grade of 0.51% copper and 0.07 g/t gold. This deposit is exposed at surface, but open at depth and to the south. Mirador Norte increases the estimated resources available for processing at the planned Mirador concentrator by 28% to 11 billion pounds of copper.

Deposits Entering Development:

Panantza – San Carlos
The Panantza and San Carlos Project concessions are located approximately 40 km north of the Mirador Project. Corriente was approximately halfway through the first phase of a planned 16000 metres of drilling on the Panantza project when these activities were suspended as part of the Mirador Project suspension order. The drilling was the start of a planned two-year program to complete a feasibility study at Panantza and San Carlos, designed to incorporate the Panantza and San Carlos concessions into a single large copper development opportunity.

San Carlos is believed to be the largest copper-molybdenum mineralized porphyry system in the Corriente Copper Belt, with dimensions of about 2000 metres x 2500 metres. The mineralization has been tested with 25 diamond drill holes at variable spacing, drilled by BHP Billiton in 1997 and 1998. The current block-model based, Inferred resource estimate, using at a 0.4% copper cut-off, is 600 million tonnes grading 0.59% copper, containing 7.7 billion pounds of copper. The next phase of drilling will attempt to expand the resources and convert the bulk of the Inferred resources to the Measured and Indicated categories.

A Preliminary Assessment Technical Report (the “Report”) for a 90,000 tonne per day combined Panantza-San Carlos copper mining operation has been completed. Highlights from this study are:

Base case Net Present Value ("NPV") after tax of US$676 Million and an Internal Rate of Return ("IRR") of 15.1% (using metal prices of US$1.50/lb Cu, US$7.50/oz Ag, US$550/oz Au and US$10.00/lb Mo, 8% discount rate, US$75/tonne and US $0.075/lb treatment and refining charges for Cu). Using US$2.00 copper, the after-tax NPV increases to US$1.718 Billion and the IRR increases to 24.1%.
Average annual metal production over the first 10 years of approximately 418,000,000 lbs of copper, 22,800 oz gold, 1,110,000 oz silver and 2,800,000 lbs of molybdenum.
The Report modeled a mine plan based on 678 million Inferred tonnes at a grade of 0.62% Cu, 0.05g/t Au, 1.3 g/t Ag and 0.008% Mo with estimated recoveries of 91% Cu, 30% Au (Panantza only), 70% Ag and 43% Mo.
The cost to produce a pound of payable copper, net of other metal credits, and inclusive of marketing, smelting and transportation costs over the life of mine, is estimated to be US$0.73/lb.
The Project would generate up to 2,000 jobs during the construction period and could create over five hundred direct and almost 4,000 indirect jobs during the estimated 20 year life.
Total estimated value of taxes, profit sharing and expenditures within Ecuador over the twenty year Project life is approximately US$6 Billion.

Exploration Targets:

San Miguel/La Florida
The San Miguel target is a 600 X 850m Cu-Mo soil anomaly with rock sample values to >1% Cu, but averaging 0.3% Cu over 300m along the east edge of the anomaly. The north and west area of the anomaly has had limited initial drilling and returned values to 0.50% Cu over 180m in SM001, 0.42% Cu over 155m in SM08, and 0.36% Cu over 193m in SM09.

Sutzu
Sutzu is a 1500 X 1500m soil Cu-Mo anomaly, with the Mo anomaly open to the SW.

Semi-continuous rock sampling passing across the centre of the soil anomaly returned lower-grade (0.2%) copper. No drilling has been done yet on this target.

A slide appears to cut off the soil anomaly at the south end, and so mineralization could extend farther south than the soil anomaly shows.

San Marcos
San Marcos is an 800 X 800m Cu-Mo soil anomaly with rock samples in stream cuts across this returning up to 0.5% Cu over 170m. No drilling has been done yet on this target. San Marcos is on strike and probably related to Sutzu mineralization, together with which it forms one of the larger mineralized zones in the district.

San Luis
The potential size of San Luis is about 170 X 350m based on the width of mineralized rock chip sampling and the associated soil anomaly. Continuous detailed rock sampling along the length of the anomaly returned about 230m of 0.76% Cu.

A ground IP survey was run over San Luis and the anomaly coincided in size with the soil anomaly. No drilling has been carried out on this project.

Dolorosa
The Dolorosa prospect contains copper mineralization as chalcopyrite disseminated within coarse quartzite of the sandstone formation that overlies many of the copper porphyries in the belt. Grab samples (20 centimetres) return values up to 3% copper, and mineralization exposed in cliffs extends across tens of metres of subhorizontal strata.

Geographical Spread

The only major new copper district discovered in South America over the last two decades.

• Deposits similar to Canada's Highland Valley District, currently one of the largest copper producers in the world.

• The District has direct access to a transportation corridor to the Pacific coast and existing port infrastructure.

Board of Directors and Key Management

Management
Kenneth (Ken) R. Shannon P.Geo	PRESIDENT, CEO & DIRECTOR
Daniel (Dan) A. Carriere	SENIOR VICE- PRESIDENT
Darryl F. Jones C.A.	CHIEF FINANCIAL OFFICER & CORPORATE SECRETARY

Directors
Kenneth (Ken) R. Shannon P.Geo	PRESIDENT, CEO & DIRECTOR
Richard (Rick) P. Clark LLB	DIRECTOR
Dr. Anthony (Tony) Holler MD	DIRECTOR & CHAIRMAN
G. Ross McDonald C.A.	DIRECTOR
Dale C. Peniuk, BComm, C.A.	DIRECTOR
David G. Unruh LLB	DIRECTOR

Company Address

520-800 West Pender St.
Vancouver, British Columbia, Canada V6C 2V6


Telephone:	604-687-0449
Facsimile:	604-687-0827
Email:	copper[at]corriente.com
Website:	http://www.corriente.com

Capital

Shares Outstanding: (As of April 30, 2009)
Shares Authorized: unlimited
Issued: 75,302,393
Fully Diluted: 78,397,393

Year End

December 31

Nominated Brokers

Canaccord Adams

Nominated Advisors