In response to market rumours that have come to its attention, Clearwater Seafoods Incorporated (TSX:CLR) has stated that the company continues to advance the strategic review process with its financial advisers to identify, review and evaluate a broad range of potential strategic alternatives available to it with a view to continuing to enhance shareholder value. The process is continuing in earnest and no timeline for its completion has been currently defined. There can be no assurance that any such strategic alternatives will ultimately lead to a transaction. As a general policy, Clearwater does not publicly comment on potential transactions unless and until a binding legal agreement has been signed.