BRIEF-Corridor Resources on Brunswick govt'' s choice to continue hydraulic fracturing moratorium

Corridor Resources Inc * Passage announces influence on reserves due to the brand-new
Brunswick government’s choice to continue hydraulic fracturing
moratorium * Passage announces influence on reserves due to new brunswick
federal government’s choice to continue hydraulic fracturing
moratorium

* Engaged glj to examine extent of effect of nb decision on
passage’s reserves as set forth in initial reserves report

* Updated reserves report demonstrates that nb choice has
resulted in a material reduction in passage’s undeveloped
reserves

* Expects decrease in net present value of its proven plus
possible reserves computed at a discount rate element of 10% will
result in an impairment loss

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