Corriente Resources Inc.

Address:	520 - 800 West Pender Street Vancouver, B.C. Canada V6C 2V6
Tel No.:	(604) 687-0449
Fax No.:	(604) 687-0827
Web Site:	www.corriente.com
Corporate Email:	info@corriente.com
Contact Person:	Dan Carriere
Position:	Manager, Corporate

COMPANY DATA

Traded Market:	TSX
Traded Symbol:	CTQ
Outstanding Shares:	41 million
Public Float:	41 million
52 Week High:	$ 3.73
52 Week Low:	$ 0.74
Present Price:	Click Here

INTRODUCTION

Corriente Resources Inc. is a Canadian based junior resource exploration and development company specializing in copper and copper-gold opportunities. The Company's main focus is the development of the Corriente Copper Belt in Ecuador. In addition, Corriente has a global exploration alliance with BHP Biliton, one of the worlds largest mining companies. Corriente continues to review advanced copper and copper-gold exploration projects through this alliance.

PROJECTS IN HAND

Corriente Copper Belt, Ecuador

Corriente Resources Inc. controls the Corriente Copper Belt in Ecuador. The Corriente Copper Belt currently is known to contain three deposits (Mirador, San Carlos and Panantza), with announced geological resources of approximately 560 million tonnes at a grade of 0.8% copper plus gold and molybdenum credits. The Belt also contains numerous undrilled targets, which have had preliminary filed investigation. These targets add exceptional growth potential to the district.

The Corriente Copper Belt is a copper-gold exploration joint venture between Corriente, J. David Lowell and BHP Biliton that extends over a 40 by 80 km area in southeast Ecuador. Within the Belt, Corriente holds 100% control of two copper porphyry deposits and one copper-gold porphyry deposit (with Lowell holding 10% of Corriente's interest). These include the Mirador deposit with 182 million tonnes at a grade of 0.76% copper and 0.22 g/t gold, the San Carlos deposit with 230 million tonnes at 0.85% copper and the Panantza deposit with 148 million tonnes at 0.82% copper and 0.1 g/t gold. BHP Biliton has a 2% Net Smelter Royalty interest in the three deposits (with no back-in rights) and Corriente can purchase half of this interest for US$2 million.

On October 21, 2003, Corriente Resources Inc. released a bankable feasibility study for potential development of a portion of its Mirador copper/gold property in Ecuador by mid-2004. Corriente plans a phased development program for this new district, starting with a 20,000 tpd open pit operation. Infill drilling for the study plus regional exploration drilling on at least six nearby untested targets has started on Corriente's properties.

Corriente retained independent consultants, Amec Engineering, to complete a bankable feasibility study by mid-2004, for the Mirador project.

This study models 98 million tonnes at a grade of 0.78% copper and 0.22 g/t gold and shows a Net Present Value pre-tax of US$222 million (at $0.90/lb of copper) which is significantly greater than the entire Corriente market capitalization of approximately US$75 million on a fully diluted basis. This comparison does not incorporate any value for the balance of the Mirador deposit or the rest of the deposits in the Corriente Copper Belt.

Property	Tonnes(000)	Copper(%)	Gold(g/t)	Copper(mm lb)	Gold(000 oz)
Mirador*	182,000	0.76	0.22	3,049	1,287
Panantza	148,000	0.82	0.10	2,676	476
San Carlos	230,000	0.85	-	4,310	-
Total/Average	560,000	0.81	0.10	10,035	1,763
*Portion of Mirador Modelled in March 2003 Study:
Mirador	98,000	0.78	0.22	1,685	693

Source: Corriente Resources Inc.

Also, Corriente Resources Inc. has completed a scoping study on a portion of the Mirador deposit that indicates a US$145 million Net Present Value with an Internal Rate of Return pre-tax of 30% at $0.80 copper and $325 gold.

Sumitomo Metal Mining Co., Ltd. of Japan has completed an independent metallurgical study on the deposit that shows simple and low cost flotation processing is expected to recover 92% of the copper in the ore. Sumitomo has provided a Letter of Intent that indicates their desire to process concentrate from Mirador.

MANAGEMENT

Corriente Resources Inc. has a strong management team with experience in different areas. The management team includes:

Kenneth R. Shannon, President, C.E.O. and Director
Richard P. Clark, Director
Leonard Harris, Director
Anthony F. Holler, Director
Darryl F. Jones, Director
Brian King, Corporate Secretary
G. Ross McDonald, Chief Financial Officer

MANAGEMENT OBJECTIVES

Corriente foresees the Mirador project as the key starter project for the long-term development of the entire Corriente Copper Belt in Ecuador. Such a sequential development plan would maximize the potential to fund expansion from cash flow and minimize the amount of funds required from the market or lenders. According to Kenneth R. Shannon, President of Corriente, their intention is to develop Mirador to production with a measured development plan that provides for obtainable near term cash flow but also enables the Company to have a growth profile that is unmatched in the copper exploration sector. They intend to insure all work in the Corriente Copper Belt will be done to North American standards in addition to meeting the requirements of Ecuadorian regulations.

LOEWEN, ONDAATJE, MCCUTCHEON LIMITED REPORT SUMMARY

On October 31, 2003, LOM prepared the Corriente Resources Inc. report. In the summary LOM concluded that Corriente Resources Inc. is focused on advancing towards production within the next two years. In addition, its regional exploration drilling program should yield positive news in this copper/gold porphyry district through next year. Corriente is currently trading at a very low market value of US$0.01/lb outlined copper resource, or US$0.04/lb based only on the portion of the Mirador resource included in its study.

There are relatively few copper companies available for North American investors, namely: Phelps Dodge, Noranda, TeckCominco, Inmet and Aur Resources. Many companies are actively exploring in porphyry districts, i.e. Ivanhoe Mines, however, none of the producers or explorers offer better value and growth than shares of Corriente Resources.

NEWS UPDATE

On February 07, 2005, Corriente Resources Inc. announced that it has signed a multi-part agreement with Outokumpu Technology Minerals OY to provide technical services for the Mirador copper-gold concentrator facility. This agreement covers a number of areas, including the primary crusher, mill and concentrate storage facilities. Outokumpu is one of the largest suppliers of copper flotation circuits in the world and manufactures much of the equipment that will be utilized at the Mirador site.

On January 11, 2005, Corriente Resources Inc. reported the Mirador copper deposit starter project update information. Work to date on the feasibility study has established the key components of the metallurgical performance and resource base required to support the 25,000 tonne/day starter operation at the Mirador copper-gold project. The last stages of the feasibility study have been focused on optimization of capital and operating costs. Additional work has also been carried out on future opportunities for the project. The review has concluded that instead of offering a minor improvement to the Mirador project, the new tailings site would significantly enhance the economics and in fact suggests that the mill could be moved to the same location for even greater efficiencies of operation. This relocation would establish most of the mine infrastructure near the main interprovincial highway and power line, providing improved transportation access for parts, consumables, staff and trucking of copper concentrate to the coast.

On November 30, 2004, Corriente Resources Inc. reported that the results have been received from the third round of drilling at the Mirador Norte property, a recently discovered copper-gold deposit located approximately 3 km northwest of the Mirador project, in southeast Ecuador. Highlights of the latest drilling include hole MN-25 with 28 metres of 1.21% copper as enriched secondary copper and hole MN-21 with 219 metres of 0.52% copper and 0.1 g/t gold as primary sulphides. The focus of the drilling at Mirador Norte continues to be to identify higher grade, near-surface zones of secondary copper sulphides. The high-grade zone, as currently outlined, extends over an area approximately1,000 by 400 metres and is open for expansion. The average thickness of this enriched zone is 14 metres and the average grade is just over 1% copper. This high-grade zone provides an opportunity to enhance the economics of operations at the nearby Mirador project, which is currently undergoing a feasibility study.

On August 09, 2004, Corriente Resources Inc. announced the final results of extensive metallurgical test work on core samples from the Mirador copper-gold porphyry project in south east Ecuador. Corriente is completing a feasibility study on the establishment of a 20,000 tonne per day mine at Mirador. The metallurgical portion of the Mirador feasibility study is being managed by AMEC Americas Limited. The metallurgical test work was carried out by SGS Lakefield Research Ltd. under the direction of AMEC staff. Lakefield also provided samples to Minnovex and G&T Metallurgical Services to conduct grindability test work, and mineralogical and flotation quality control test work respectively. Results are as follows:

· Concentrates produced are predicted to average 30% copper at a recovery rate of 90%
· There are no deleterious elements in the concentrate
· The ore hardness is average to moderately low
· Detailed optimization of the concentrator flow sheet is expected to raise design ore throughput by more than 10%

On July 06, 2004, Corriente Resources Inc. reported additional high grade copper intersected at Mirador Norte property. Results have been received from the latest round of drilling at the Mirador Norte property of Corriente Resources Inc., which is a recently discovered copper deposit located approximately 3 km north of the Mirador copper-gold project, in southeast Ecuador. Highlights of the latest drilling include hole M-10 with 31 metres of 1.15% copper and hole M-15 with 99 metres of 0.98% copper (including 24 metres of 1.56% copper). The main focus of the drilling at Mirador Norte is to identify higher grade, near surface zones, usually related to secondary enrichment of copper. The high-grade zones can provide an opportunity to enhance the economics of operations at the nearby Mirador project, which is currently undergoing a feasibility study.

On June 29, 2004, Corriente Resources Inc. announced that Mr. J. David Lowell exercises option to acquire 100% interesting in Warintza Copper Project, Ecuador. In December 2003, Corriente granted Lowell Mineral Exploration an option to acquire a 100% interest in the Warintza project, Ecuador. The option has been exercised and Lowell Mineral Exploration will swap its 10% interest in the Corriente concessions in Ecuador, (including Mirador, Panantza and San Carlos) in exchange for a 100% interest in the Warintza project. The Warintza project includes four concessions totaling 20,000 hectares. This agreement means that Corriente now controls 100% of all the remaining concessions in Ecuador subject to a 2% Net Smelter Royalty to BHP Billiton Limited.

On May 17, 2004, Corriente Resources Inc. reported that a significant progress has been made to date on the feasibility study at the Mirador copper-gold project in southeast Ecuador. The Mirador feasibility study is on track for completion early in the third quarter of 2004. Corriente management is satisfied with both the progress of the study and results to date. Resource, mining, metallurgy and environmental management of the study are being directed by AMEC Americas Limited.

Work on the study has been underway since late 2003 and most recently a program of 27 diamond drill in-fill holes was completed, which will allow for work on a resource model and open pit plan to proceed. A selection of the main Mirador infrastructure locations has been completed and the necessary geotechnical investigation of the proposed sites is underway. Preliminary sites that have been chosen include waste dumps, primary crusher, conveyor to the mill, mill, tailings dam and the location of the office/warehouse complex.

On May 05, 2004, Corriente Resources Inc. announced that the drilling has been completed for the planned feasibility study at the Mirador project. Most of the results are now available and confirm the presence of high grade copper in the northwest and southeast portions of the deposit. Corriente President and CEO, Ken Shannon, commented, "Drilling has met our expectations in terms of confirming continuity of mineralization, refining our geological model and most importantly, providing additional definition of high grade zones."

On February 16, 2004, Corriente Resources Inc. reported the first assays from the current round of drilling at Mirador are now available and the results confirm the presence of strong copper mineralization in the northern portion of the deposit. The assays include the thickest enriched intersection drilled on the Mirador project of 42 metres grading 1.43% copper in hole M-65.

On February 02, 2004, Corriente Resources Inc. announced the appointment of Mr. Ron S. Simkus as Senior Vice President, Mining, effective immediately. Mr. Simkus joins Corriente to guide the process of completing the feasibility study at the Mirador Copper-Gold Project in southeast Ecuador and to facilitate the construction and operation of a 20,000 tonne per day plant at the site. Mr. Simkus was most recently the President and CEO of Compania Minera Antamina S.A. in Peru and oversaw the commissioning of the Antamina deposit and the successful transition of the largest copper mining construction project in recent history (approximately $US2.2 Billion) from a project to a sustainable mining operation.

On December 17, 2003, Corriente Resources Inc. reported that feasibility drilling is underway at the Mirador deposit in Ecuador. AMEC E&C Services Limited has agreed to a program of just 16 drill holes, to be finished in February 2004, which will allow completion of a new reserve calculation at the Mirador for incorporation into the final feasibility study.

Corrient Resources Inc. shares have begun trading on the Frankfurt, Munich and Berlin stock exchanges in Germany under the symbol CTQ.

On November 12, 2003, Corriente Resources Inc. announced that it has reached an agreement with BHP Biliton to acquire their remaining interest in the joint venture concessions in southeast Ecuador. BHP Biliton will retain a 2% Net Smelter Interest in all the concessions. This agreement will provide Corriente with 100% control of over 70,000 hectares in the Corriente Copper Belt. Separate from these exploration concessions, there are three deposits, Mirador, San Carlos and Panantza that are already owned by Corriente. These deposits have announced geological resources of approximately 560 million tonnes at a grade of 0.8% copper plus gold and molybdenum credits.

On November 05, 2003, Corriente Resources Inc. announced that it has closed its previously announced bought deal financing. Corriente sold a total of 4.75 million units for gross proceeds of $11,875,000. Each unit consists of one common share and one-quarter of one share purchase warrant. Each whole share purchase warrant will be exercisable at a price of $3.00 for a period of 18 months, subject to the right of Corriente to accelerate the expiry of the warrants if its common shares trade above $4.00 for twenty consecutive trading days. The underwriting syndicate for the offering was led by Sprott Securities Inc. and included Loewen, Ondaatje, McCutcheon Limited.