Gold producer Agnico-Eagle Mines said its gold production cash could rise to between $300 and $350 per ounce next year, according to reports.

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ECUADOR SIGNS COPPER DEVELOPMENT DEAL WITH CODELCO

VANCOUVER, CANADA, June 9, 2009 – Corriente Resources Inc. wishes to update

shareholders on the following recent developments in Ecuador.

Ecuador – Chile (Codelco) Copper Development Cooperation Agreement

In a June 5, 2009 ceremony attended by President Rafael Correa Chile’s Minister of Mining, Mr.

Santiago Gonzales and the President and CEO of Codelco, Mr. Jose Pablo Arellano, a

cooperation agreement was signed for the exploration and development of potential copper

resources currently under the control of the Government of Ecuador. Personnel from Corriente

were invited as guests to the signing ceremony, which included top officials from Codelco,

President Rafael Correa, his Cabinet and local dignitaries.

After the signing, President Correa delivered a speech to local communities and commented,

“Colleagues I am an economist specializing in development… and I know what is necessary for

the country to emerge from underdevelopment and to attend to the poorest. We cannot live as

beggars sitting on a sack of gold...”.

Commented Ken Shannon, Corriente’s President and CEO, “We welcome the participation of

Codelco, the largest copper producer in the world, in the development of the copper sector in

Ecuador. Their presence is an indicator of the success that the Government of Ecuador is having

in advancing the theme of responsible mining and an indication that this message is being well

received by the mining industry.”

Ecuador Government Officials’ Tour of the Company’s Projects

Also during this past weekend, a number of government officials visited the company’s Mirador

and Panantza – San Carlos project sites and took the opportunity to see the responsible nature

of the company’s development activities.

Corriente was also able to provide a tour of our newly commissioned Mirador micro-hydro project,

which provides clean energy for all of the needs of the Mirador camp through a small run-of-river

hydro facility using the existing water supply. This power project is significant in that it utilizes the

first “made in Ecuador” commercial turbine, which was completely designed and built within

Ecuador by an Ecuadorian engineering team. This small-scale project is an example of the

scalable green technology that can be part of responsible mine development. Plans are

underway to examine other potential sites that can benefit from this Ecuador technology.

Community Relations Agreement with the Shuar Federation of Zamora-Chinchipe

Recently, a capacity-building agreement was signed between Corriente and the indigenous Shuar

Federation of Zamora – Chinchipe (“SFZCH”). This agreement establishes specific capacity

building, job training, and socio-environmental projects with the SFZCH.

Disclosure statements as required

by National Instrument 43-101 are

available at our website

www.corriente.com

Potential Sale of the Company

Negotiations are continuing with the selected party regarding the potential sale of the company,

as last announced in the company’s news release dated March 31, 2009. Discussions have

progressed well and management is satisfied with the advances made in this process to date.

Further comments or announcements will be made by the company as developments warrant. No

assurance can be given that the negotiations will result in an agreement for any sale of the

company.

ABOUT CORRIENTE

Corriente holds a 100% interest in four known copper and copper-gold porphyry deposits that are

being strategically developed as the Mirador Project (which includes our Mirador Norte deposit)

and the Panantza-San Carlos Project, for which NI 43-101 Technical Reports have been filed on

SEDAR (www.sedar.com).

The company also holds 100% of concession interests covering approximately 430 square

kilometres, in which six additional copper exploration targets have been identified. Taken

together, the known project deposits and exploration targets represent a potential long-term

district development opportunity for large-scale copper-gold mining in southeast Ecuador.

“Ken Shannon”

Kenneth R. Shannon

CEO and President

For further information, please contact Mr. Dan Carriere, Senior Vice-President,

at (604) 687-0449 or see our website at www.corriente.com.