HALIFAX, NOVA SCOTIA--(Marketwire - March 19, 2010) - (TSX:CDH) - Corridor Resources Inc. ("Corridor") announced today its 2009 year end reserves and contingent resources evaluations, as well as Apache Canada Ltd.'s ("Apache") drilling and completion plans for 2010.

2009 Reserve Information

Corridor currently has natural gas reserves in the McCully Field near Sussex, New Brunswick and has crude oil reserves in the Caledonia Field near Sussex, New Brunswick.

GLJ Petroleum Consultants Ltd. ("GLJ") has assessed Corridor's reserves in its reports ("the GLJ Reports") dated effective December 31, 2009 and December 31, 2008 which were prepared in accordance with National Instrument 51-101 Standards of Disclosure of Oil and Gas Activities. The following table presents a summary from the GLJ Reports of Corridor's gross natural gas reserves, before the deduction of royalties, using forecast prices and costs.

Based on the 2009 GLJ Report, Corridor's 2009 proved natural gas reserves reflect increases resulting from the drilling of new wells in the McCully Field and decreases resulting from technical adjustments due to production performance to date from several previously drilled wells. Corridor sold production of 6.2 bscf from the McCully Field in 2009. GLJ's proved plus probable reserves assessment is based on a 45 well development at the McCully Field constrained by the location of existing wells and the potential risk of encountering over-pressured formation water and pyrobitumen in future wells. However, no formation water bearing reservoirs has been confirmed to date in the northeastern part of the McCully Field where most future wells are expected to be located, potentially increasing reserves if more than 45 wells are ultimately drilled in the McCully Field.

GLJ assessed the net present value of Corridor's natural gas, oil and natural gas liquids reserves, based on forecast costs and prices, as follows:

Net Present Value ($ in million) - undiscounted

Net Present Value ($ in million) – discounted at 10%

GLJ has assigned to Corridor total proved crude oil reserves of 87 mbbls and total proved plus probable crude oil reserves of 521 mbbls. The complete 2009 GLJ Report will be available in the near future on Corridor's website at www.corridor.ca, and a summary of the 2009 GLJ Report will be included in Corridor's Annual Information Form for the year ended December 31, 2009, a copy of which will be filed on SEDAR at www.sedar.com.

2009 Contingent Resource Information

Corridor currently has contingent natural gas resources in the Frederick Brook shale formation in the area surrounding the Green Road G-41 well located four kilometers north of Elgin, New Brunswick. Contingent resources are those quantities of petroleum estimated, on a given date, to be potentially recoverable from known accumulations using established technology or technology under development, but which are not currently considered to be commercially recoverable due to one or more contingencies. Contingencies may include factors such as economic, legal, environmental, political and regulatory matters or a lack of markets. It is also appropriate to classify as "contingent resources" the estimated discovered recoverable quantities associated with a project in the early project stage. The primary contingencies with respect to Corridor's economic contingent resources include the uncertainty surrounding the economic viability of the related development project due to the early stage of resource evaluation. This includes the uncertainty that all internal and external approvals will be forthcoming along with documented intent to develop the resources within a reasonable time frame. Other commercial considerations that may preclude the classification of contingent resources as reserves include factors such as legal, environmental, political and regulatory matters or a lack of markets.

Resources and contingent resources do not constitute, and should not be confused with, reserves. Reserves and resources will vary from its reserve and resource estimates, and those variations could be material.

GLJ has assessed Corridor's contingent resources in its report dated effective December 31, 2009 (the " GLJ Elgin Contingent Resources Report") which was prepared in accordance with National Instrument 51-101 Standards of Disclosure of Oil and Gas Activities. The following table presents a summary from the GLJ Elgin Contingent Resources Report of Corridor's gross contingent natural gas resources, before the deduction of royalties, using forecast prices and costs.

Based on the GLJ Elgin Contingent Resources Report, Corridor's 2009 contingent natural gas resources reflect the postulated development of a first tranche of shale gas development in the vicinity of the Green Road G-41 vertical well. The report is based on Corridor's results from the G-41 well, including well logs and production test results from two fractured intervals within the Frederick Brook formation. The postulated development is limited to a silty and shaly section approximately 383 meters in thickness and 14,750 acres in area, representing less than 8% of the total Frederick Brook rock volume and total shale gas potential outlined by GLJ and shown in the attached map. The postulated development is intended to indicate development potential and is not intended to predict possible Apache development plans for the area.

A map is available at the following address: http://media3.marketwire.com/docs/map_Corridor_0319.pdf

GLJ assessed the net present value of Corridor's contingent natural gas resources, based on forecast costs and prices, as follows:

Net Present Value ($ in million) – before income tax (1)

There is no certainty that it will be economically viable to produce any portion of the resources.

The complete GLJ Elgin Contingent Resources Report will be available in the near future on Corridor's website at www.corridor.ca., and a summary of the report will be included in Corridor's Annual Information Form for the year ended December 31, 2009, a copy of which will be filed on SEDAR at www.sedar.com.

Apache Plans for 2010

Apache has provided Corridor with preliminary information regarding their drilling and completion plans for 2010 relating to their farm-in on Corridor's interests in the Elgin area (please refer to Corridor's press release dated December 7, 2009). Apache has indicated to Corridor that it plans to commence drilling operations in June 2010 at the Green Road location north of Elgin. The initial well is expected to be drilled from the G-41 well-pad to twin the upper part of Corridor's G-41 well and then drilling a horizontal leg in the silty/sandy interval within the upper part of the Frederick Brook formation. Following completion of drilling operations at this location, Apache plans to move the drilling rig approximately three kilometers to the southwest to drill a second well from a new well pad at the original Will DeMille #1 location. The new well is expected to twin the upper part of the Will DeMille #1 well and Apache then plans to drill a horizontal leg in the upper part of the Frederick Brook shale formation. Corridor, in partnership with Columbia Natural Resources Canada, Ltd., had drilled the original Will DeMille #1 vertical well in 1999 and abandoned the well after flaring gas during drilling operations in the upper part of the Frederick Brook shale. Later this year, Apache has advised Corridor that it plans to undertake multi-stage fracturing operations in the horizontal legs of each of these wells and to conduct flow testing to evaluate the commercial potential of developing natural gas from the Frederick Brook formation in this area. "We are very excited about Apache's plans to drill and fracture horizontal wells as follow-ups to the two previously drilled wells" said Norman Miller, Corridor's President. "Success in these new wells could open up development of the enormous natural gas resources known to be present in the Frederick Brook formation in the Elgin area".

Apache has until June 1, 2011 to spend a committed $25 million to undertake operations pursuant to its farm-in agreement with Corridor prior to electing whether or not to spend a further $100 million to earn 50% of Corridor's interest in 116,000 acres in the Elgin/Sussex area.

Corridor