Mount Pearl, NL, Canada: Cornerstone Capital Resources Inc. (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) announces a private placement financing of 9,375,000 flow-through units for gross proceeds of $1.5 million. Each flow-through unit will be priced at $0.16 and will consist of one common share and one half of one transferrable, callable, non-flow-through share purchase warrant. One whole warrant will entitle the holder to acquire one additional common share at a price of $0.20 per share for a period of one year after closing of the offering, and thereafter at $0.25 per share for one additional year. A cash finder's fee equal to 6.07% and a cash due diligence fee of 0.5% are payable at closing, as well as a finder's fee option to purchase units at an exercise price of $0.16 per unit equal to 6.53% of the number of units subscribed for. The finder's fee option will have the same terms as the flow-through units. The gross proceeds from the sale of the flow-through units will be used by the Company for early stage and advanced exploration expenses on projects in Canada that qualify as "Canadian exploration expenses" under the Income Tax Act (Canada).

The Company will have the right to accelerate the expiry date of the warrants to thirty (30) days from the date of the exercise of such acceleration right by providing holders of the warrants with written notice of such reduction in the exercise period. The right to accelerate will be triggered in the event that the average closing price of the Company's common shares is $0.35 or more per share over a period of twenty (20) consecutive trading days during the first twelve months after closing of the offering, or $0.40 or more per share over a period of twenty (20) consecutive trading days during the second twelve months.

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