Corridor Resources Inc. announced the closing of its Anticosti Island, Québec joint venture with the Government of Québec (through its affiliate, Ressources Québec), Pétrolia Inc. (Pétrolia) (and Etablissements Maurel & Prom S.A. Corridor had previously announced the signing of a non-binding letter of intent on February 13, 2014. Plans are underway to commence the first phase of the program to appraise and potentially develop hydrocarbon resources on Anticosti Island beginning in 2014.

"We are pleased to be moving this evaluation program to the implementation stage, as Corridor believes this has the potential to unlock a large resource base which could provide significant economic benefits to Québec and to Corridor and its partners," said Mr. Phillip Knoll, CEO, Corridor Resources Inc.

Tags: Corridor Resources Inc.