Corridor Suspends Fracturing Operations at the Green Gables #3 Well in Prince Edward Island

Under the terms of an agreement between Corridor and PetroWorth Resources Inc. announced on July 30, 2008, PetroWorth is financing the costs of the subject fracturing and testing operations to earn a 10% working interest in the Green Gables licence 04-03. Corridor has elected not to exercise its option to drill a total of two exploration wells on lands comprising PetroWorth licences 03-01, 03-02, 04-05, 04-06 and 04-07 prior to July 31st, 2009 to earn a 50% working interest in these licences.

A map of the Prince Edward Island exploration licenses is available at the following address: http://media3.marketwire.com/docs/exploration.jpg

Drilling and Completion Activities in New Brunswick

In drilling activities, the McCully N-66 horizontal well (Nabors Rig #58) is drilling ahead at a measured depth of 2946 meters in the horizontal leg of the well within the "A" sand and in the heart of the most productive part of the McCully Field. The South Branch G-36 exploration well (Nabors Rig #86) is drilling ahead in the intermediate hole at a depth of 301 meters. The well is designed to evaluate the natural gas potential of the Hiram Brook sands on the flank of the basin to the south of the McCully Field. Corridor holds a 100% working interest in the well. Drilling of the Green Road O-50 shale gas appraisal well is expected to commence in early October. The Green Road well is the first of three vertical shale gas appraisal wells to be drilled in the general Elgin area this fall.

In completion activities, Corridor has undertaken additional fracturing and initial testing operations in the combined "C"/"D" sands and in the "E" sand at the McCully C-57 well (50% Corridor/50% PCS) and is preparing to drill out the interval plugs and test combined flow from the four separate intervals that have been fractured in this well. Corridor is preparing to commence fracturing operations at four new wells drilled earlier this year from the G-48 well pad (100% Corridor, including K-48, C-48, J-47 and I-47, the first horizontal well drilled and to be completed in the McCully Field using the Packers Plus multistage frac technology). Well fracturing, completion and testing activities are also scheduled for early October at the second horizontal well currently being drilled at the McCully N-66 location. The newly completed wells are planned to be tied into the McCully gas gathering and production system later this fall. Fracturing and testing operations are also planned for a well to be drilled at the McCully C-29 location and for the Green Road shale gas well near Elgin.

A map of the Current McCully Development is available at the following address: http://media3.marketwire.com/docs/McCully.jpg

Corridor is a junior resource company engaged in the exploration for and development and production of petroleum and natural gas onshore in New Brunswick, Prince Edward Island and Quebec and offshore in the Gulf of St. Lawrence. Corridor currently has reserves of natural gas at only one property, the McCully Field near Sussex, New Brunswick. In June 2007, Corridor completed the construction of a field gathering system, a gas plant and a pipeline lateral connecting the McCully Field to markets through the Maritimes & Northeast Pipeline.

Forward Looking Statements

This press release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of Canadian securities laws. All statements other than statements of historical fact are forward-looking statements. Forward-looking information typically contains statements with words such as "anticipate", "believe", "plan", "continuous", "estimate", "expect", "may", "will", "project", "should", or similar words suggesting future outcomes.

Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that the future events or circumstances contemplated by the forward-looking statements will not occur. There can be no assurance that the plans, intentions or expectations upon which forward-looking statements are based will in fact be realized. Actual results will differ, and the difference may be material and adverse to Corridor and its shareholders.

Forward-looking statements are based on Corridor's current beliefs as well as assumptions made by, and information currently available to, Corridor concerning future natural gas commodity prices, future natural gas production levels, the ability to obtain equipment in a timely manner to carry out development activities, the ability to market natural gas successfully to current and new customers, the ability to obtain financing on acceptable terms, and the ability to add production and reserves through development and exploration activities. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks that forward-looking statements will not be achieved. These factors may be found under the heading "Risk Factors" in Corridor's Annual Information Form for the year ended December 31, 2007.

The forward-looking statements contained in this press release are made as of the date hereof and Corridor does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

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