10  July  2020

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Corridor Resources Inc.

Corridor was established by the three founding shareholders, Norm Miller, Paul Hopkins and Charles MacDonald in March 1995, initially as a numbered Alberta company. In August 1995 the name was changed to Corridor Resources Inc., named after the natural gas pipeline "corridor" soon to be installed through Nova Scotia and New Brunswick. The New Brunswick Sackville Basin oil and gas exploration licences, located within the pipeline corridor, were the Company's first successfully tendered acreage.

The Company's primary focus is the early identification of the most prospective oil and natural gas areas within the region, mainly onshore but also offshore, and to take an aggressive land position. This is being accomplished by accessing a large historic database of geological and drilling information, evaluating this data with new exploration technologies, and preparing prospect plays which are suitable to attract new partners. The first of such farmout agreements was concluded with Shell Canada Limited on November 28th,1997, the specifics of which are covered in the Anticosti Island section.

The Company intends to continue with this exploration strategy during the next several years as interest and activity builds in the Maritime region. With an extensive land position, a wide array of potential exploration prospects, successful partnering/farmouts, and prudent financing, the Company expects that commercial production revenues will be generated within the next several years significantly enhancing shareholder value.

With a view to taking the Company public and providing a wider shareholder base, Corridor was merged with an inactive public company Contwoyto Goldfields Limited in the spring of 1996 and subsequently commenced common share trading on the Canadian Dealing Network/over the counter Toronto in May 1996. On November 7th, 1997, the Company ceased trading on the CDN/OTC and started trading on the Alberta Stock Exchange/ASE with symbol CDH. In late 1999, the ASE and the Vancouver Stock Exchange became a part of the Canadian Venture Exchange which subsequently became the TSX Venture Exchange.

Corridor continues its exploration focus on the Maritimes and Gulf of St. Lawrence region, specializing in both the Anticosti and Magdalen geological basins.

With the Maritimes & Northeast Pipeline transporting natural gas from the offshore Sable fields to markets in the Maritimes and New England, industry interest continues to focus on exploration opportunities in eastern Canada, including the onshore regions.

Corridor's head office is located in Halifax, Nova Scotia, and its common shares trade on the TSX Venture Exchange under the symbol CDH.

Corridor Resources Inc.
#301, 5475 Spring Garden Road
Halifax, Nova Scotia, Canada
B3J 3T2

Phone: (902) 429-4511
Fax: (902) 429-0209


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