Mount Pearl, NL, Canada: Cornerstone Capital Resources Inc. ("Cornerstone") (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) announces that it is proposing to raise $2.5 million by way of a non-brokered private placement of 12.5 million units at $0.20 per unit. Each unit will consist of one common share and one non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase one common share for a period of five years at a purchase price of $0.30. If, after the four month anniversary of closing, the volume weighted average price of Cornerstone's shares on the TSX Venture Exchange for any consecutive 20 days of trading is equal to or greater than $0.40, Cornerstone may, at its discretion within the following five trading days, provide notice of an earlier expiry date of the warrants, in which case the warrants will expire 30 trading days after giving such notice.

There will be finders' fees of 7.5% in Units and 7.5% Finder Warrants issued to eligible finders. Each Finder Warrant will entitle the finder to purchase one share for $0.30 during a period of five years and will be subject to the same acceleration provisions as the unit warrants.

This private placement is subject to regulatory approval and all shares issued and any shares issued on exercise of the warrants are subject to restrictions on transfer for a period of four months from closing the private placement. The proceeds from the private placement will be used to further advance Cornerstone's exploration programs and continued working capital requirements.

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