NAT Naturally Advanced Technologies Inc.

Canadian Oil Recovery & Remediation Enterprises Ltd. (TSX VENTURE:CVR) ("CORRE"
or the "Company") announces that the May 16th deadline for the approval of
CORRE's five-year business and financial plan (the "Business and Financial
Plan") by Al-Najah Advanced Technology Co. Ltd. ("NAT") has been extended, at
the request of NAT, to June 16, 2010.


As previously announced, NAT has provided CORRE with a $4.25 million convertible
secured debenture ("Convertible Secured Debenture"), of which $1.4 million was
released to CORRE on November 16, 2010. On March 16th, as agreed, CORRE
submitted to NAT the Company's Business and Financial Plan for their review. If
NAT accepts CORRE's Business and Financial Plan, the remaining balance of the
Convertible Secured Debenture of $2.85 million will be immediately released to
CORRE from escrow and the full $4.25 million Convertible Secured Debenture will
be simultaneously converted into common shares of CORRE at $0.20 per share.
Following that conversion, NAT will be eligible to exercise, at its option for
one year, up to an additional $4.25 million of CORRE common share purchase
warrants at $0.20 per share.


Should NAT not approve the Business and Financial Plan, the $2.85 million that
is currently in escrow will be returned to NAT as partial repayment of the
Convertible Secured Debenture. NAT is continuing to review CORRE's Business and
Financial Plan and additional information that has been provided by CORRE to NAT
at NAT's request. Accordingly, NAT has requested an extension of the Business
and Financial Plan acceptance date to June 16, 2010 and CORRE has consented to
this request.


For further details concerning the financing and all related matters and
ancillary agreements, please refer to our press releases date June 16, July 16,
August 14, October 7 and November 17, 2009.


About CORRE

CORRE is a Canadian company that utilizes its proprietary Advanced Recovery
Equipment Systems ("ARES") platform for sludge treatment, soil remediation and
oil recovery. As part of ARES, CORRE owns exclusive licenses to use innovative
technologies and proprietary processes for oil recovery, sludge and drill
cuttings treatment and remediation of oil-contaminated sites. CORRE plans to
deploy ARES in the oil producing countries of the Middle East and other regions
where there is substantial demand for its services.


Through its new strategic partnerships with multi-national oil services
companies, CORRE is significantly expanding its line of oil services across the
Middle East and North Africa to include waste management, oil storage and oil
tankers tank cleaning and water treatment.


Forward Looking Statements

Except for statements of historical fact relating to the Company, certain
information contained herein constitutes forward-looking statements.
Forward-looking statements are based on the opinions and estimates of management
at the date the statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to
differ materially from those projected in the forward-looking statements. Except
as required by applicable securities requirements, the Company undertakes no
obligation to update forward-looking statements if circumstances or management's
estimates or opinions should change. The reader is cautioned not to place undue
reliance on forward-looking statements.

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