Crédit Industriel et Commercial acquires common shares of Corriente Resources

TORONTO, March 24 /CNW/ - Crédit Industriel et Commercial ("CIC") announces that it has acquired an aggregate of 7,782,900 common shares of Corriente Resources Inc. ("Corriente") representing approximately 10.3% of the issued and outstanding common shares of Corriente, being the total number of common shares of Corriente acquired by CIC. CIC acquired all of its common shares of Corriente since the announcement of the proposed take-over by CRCC-Tongguan Investment (Canada) Co., Ltd. on December 28, 2009.

The common shares of Corriente were acquired in the open market through the facilities of the Toronto Stock Exchange. CIC acquired the common shares for investment purposes only and may, depending on market and other conditions, increase or decrease its beneficial ownership of, or control or direction over, common shares of Corriente from time to time for such investment purposes.


For further information: For further information: Crédit Industriel et Commercial, Jean-Francois JOLY, Manager Legal Department Capital Market, + 33 1 45 96 90 72, Juridique Marchés, 6 avenue de Provence 75009, Paris, France

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