Corridor Resources Inc. announced that Mr. Phil Knoll intends to step down as President and CEO for personal reasons. A process to hire a successor to Mr. Knoll is underway and the executive search firm of Boyden Global Executive Search has been retained to assist with the process. It is anticipated that an announcement in respect of the new President and CEO will be made during the third quarter.

Mr. Knoll will continue as a member of Corridor's Board of Directors.