Corridor Resources Inc. announced it has entered into a definitive investment agreement with Neil Roszell, Jason Jaskela, Ali Horvath, Jonathan Grimwood and Terry Danku. The New Management Team will be led by Neil Roszell as Chairman and Chief Executive Officer, Jason Jaskela as President and Chief Operating Officer, Ali Horvath as Vice-President, Finance and Chief Financial Officer, Jonathan Grimwood as Vice-President, Exploration and Terry Danku as Vice-President, Engineering. Mr. Roszell has been a founder of five successful oil and gas companies.

His roles have included Director, President and Chief Executive Officer of Raging River, Wild Stream and Wild River. Prior thereto he was President and Chief Operating Officer of Prairie Schooner Petroleum Ltd. and Vice-President of Engineering of Great Northern Exploration Ltd. Mr. Jaskela was previously a founder and the Chief Operating Officer of Raging River and prior thereto a founder and the Vice-President, Production at Wild Stream. Ms. Horvath was previously a founder and the Controller of Raging River and prior thereto a Senior Financial Accountant with Wild Stream.

Mr. Grimwood was previously the Vice-President, Exploration of Raging River and prior thereto a founder and the President of RMP Energy Inc. Mr. Danku was previously the Vice-President, Engineering of Raging River and prior thereto the Manager of Reserves and Engineering at Wild Stream. New and Continuing Board: The members of the Corridor Board have strong track records and collectively have significant experience in the oil and gas industry, corporate finance, capital markets and environmental, social and governance matters. Chandra Henry, CPA, CFA, ICD.D: Ms. Henry is currently Chief Financial Officer and Chief Compliance Officer of Longbow Capital Inc. and formerly a director of Pengrowth Energy Corporation.

Prior to her role with Longbow, Ms. Henry was the Chief Financial Officer of FirstEnergy Capital Corp. Stephen Larke B. Comm, CFA, ICD.D: Mr. Larke has over 20 years of experience in energy capital markets, including research, sales, trading and equity finance and currently serves on the board of Topaz Energy Corp. and Vermillion Energy Inc. He is formerly a Managing Director and Executive Committee member with Calgary-based Peters & Co.

Limited. Kevin D. Olson B. Comm: Mr. Olson has over 25 years of industry experience and is currently President of Camber Capital Corp.Mr. Olson is a former board member of Raging River, Wild Stream, Wild River and Prairie Schooner Petroleum Ltd. Mr. Olson has managed four early stage energy funds and served as a director of a variety of exploration and production companies and petroleum services companies. Formerly Mr. Olson was Vice-President, Corporate Finance at FirstEnergy Capital Corp.

and Vice-President, Corporate Development for Northrock Resources Ltd. Dave Pearce P. Eng.: Mr. Pearce is currently a Deputy Managing Partner with Azimuth Capital Management, is a director of Baytex Energy Corp. and was formerly a board member of Raging River. Previously Mr. Pearce was the President and Chief Executive Officer of Northrock Resources Ltd.