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Corriente is in the process of securing a partner for the company's US$ 1.3 Billion Panantza - San Carlos project approximately 40 km to the north of Mirador, as announced by the company on January 31, 2008.

At US$ 1.75/lb copper, this project has an after-tax Net Present Value of US$ 1.2 Billion at an 8% discount rate, and an after-tax Internal Rate of Return of 19.7%. Corriente has executed Confidentiality Agreements with multiple parties who are engaged in preliminary project data review.

Following completion of the data review, the company plans to move to an in-country due diligence process. During this phase of due diligence, Corriente will work with CORPEI, which is the Ecuadorian Corporation for Exports and Investments Promotion.