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Corridor Resources Inc.: Corridor Receives Approval to Construct McCully Pipeline

Fri, 6 Oct 2006 8:12:00 PDT

HALIFAX, NOVA SCOTIA -- (MARKET WIRE) -- 10/06/2006 -- Corridor Resources Inc. (TSX: CDH) announced today that the New Brunswick Board of Commissioners of Public Utilities ("Board") has issued a decision in respect of Corridor's application for a permit to construct pipelines and related facilities ("facilities") from the McCully natural gas field to connect with the Maritimes & Northeast pipeline.

The Board is of the opinion that the construction and operation of the facilities proposed by Corridor is in the public interest and, accordingly, a permit to construct will be issued subject to the terms and conditions set out therein.

Corridor will commence construction of the facilities as soon as practicable, and anticipates that initial production from Phase 2 development of the field will commence in February, 2007, reaching gas plant design capacity of 30 million standard cubic feet per day early in the spring of 2007.

Corridor is a junior oil and gas exploration and production company, headquartered in Halifax, Nova Scotia, with interests onshore in New Brunswick, Prince Edward Island and Quebec, and offshore in the Gulf of St. Lawrence.

Forward Looking Statements

This press release contains forward looking statements relating to certain production test results from Corridor's operations. These statements are based on current expectations that involve numerous assumptions regarding factors and risks that could cause longer term production performance to vary materially. There is no representation by Corridor that actual results achieved will be the same in whole or in part as those set out in the forward looking information. Furthermore, the forward looking statements contained in this press release are made as of the date hereof, and Corridor undertakes no obligation, except as required by applicable securities legislation, to update publicly or to revise any of the included forward looking statements, whether as a result of new information, future events or otherwise.

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