Ottawa - Cornerstone Capital Resources Inc. ('Cornerstone' or 'the Company') (TSXV: CGP) (Frankfurt: GWN) (Berlin: GWN) (OTC: CTNXF) is pleased to announce the following update on its Cascabel copper-gold porphyry joint venture project in northern Ecuador in which Cornerstone has a 15% interest1 financed through to completion of a feasibility study plus 7.5% of the shares of joint venture partner and project operator SolGold Plc, for a total direct and indirect interest in Cascabel of 21.4%.

HIGHLIGHTS

Drilling has now commenced at the Tandayama-America Porphyry Copper-Gold Target, Cascabel utilizing 2 diamond drill rigs as part of the ongoing Cascabel Feasibility Sterilization Program.

The Tandayama-America target is considered a high-quality porphyry target characterized by coincident Cu-Mo-Au soil geochemical highs centred upon outcropping mineralization in the Tandayama and America creeks.

Rock-saw channel sampling over surface exposure in Tandayama Creek returned a significant assay result of 37m @ 0.25%CuEq2 (0.15% Cu, 0.18 g/t Au).

The Tandayama-America target remained untested previously due to the high demand of drilling rigs at the Alpala Deposit.

Rig 5 is drilling the first hole at Tandayama-America, TAD-20-001, and is at a current depth of 258m. Drilling has intersected visible chalcopyrite copper sulphide mineralization from 55m depth, with additional visible molybdenite and sphalerite mineralization occurring from 199m depth.

Rig 6 is drilling the second hole at Tandayama-America, TAD-20-002, and is at a current depth of 104m. Drilling has intersected visible chalcopyrite mineralization from 44m depth, including trace visible bornite from 68m depth.

SolGold Technical Services Manager, Benn Whistler, commenting on today's update at Cascabel: 'We have always been interested in the drill targets at Tandayama-America, however the prioritisation of the Alpala Resource and Feasibility Drilling Programs has seen this target scheduled to form part of the Cascabel Feasibility Sterilisation Drilling Program now underway.

The Tandayama soil Copper and Molybdenum anomalies are two of the largest anomalies on the project. The rock-saw channel assay results from surface exposures in Tandayama Creek returned a moderate intercept of 37m @ 0.25%CuEq and if this exposure represents an intra-mineral intrusion there remains potential for drill testing to intersect earlier, richer intrusions. At this stage mineralization does appear to be increasing down hole which bodes well as both drill holes enter the area of combined Cu-Mo-Au soil anomalism.'

About Cornerstone

Cornerstone Capital Resources Inc. is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including the Cascabel gold-enriched copper porphyry joint venture in northwest Ecuador. Cornerstone has a 21.4% direct and indirect interest in Cascabel comprised of (i) a direct 15% interest in the project financed through to completion of a feasibility study and repayable at Libor plus 2% out of 90% of its share of the earnings or dividends from an operation at Cascabel, plus (ii) an indirect interest comprised of 7.5% of the shares of joint venture partner and project operator SolGold Plc. Exploraciones Novomining S.A. ('ENSA'), an Ecuadoran company owned by SolGold and Cornerstone, holds 100% of the Cascabel concession. Subject to the satisfaction of certain conditions, including SolGold's fully funding the project through to feasibility, SolGold Plc will own 85% of the equity of ENSA and Cornerstone will own the remaining 15% of ENSA.

Contact:

Mario Drolet

Tel: (514) 904-1333

Email: Mario@mi3.ca

Cautionary Notice

This news release may contain 'Forward-Looking Statements' that involve risks and uncertainties, such as statements of Cornerstone's beliefs, plans, objectives, strategies, intentions and expectations. The words 'potential,' 'anticipate,' 'forecast,' 'believe,' 'estimate,' 'intend', 'trends', 'indicate', 'expect,' 'may,' 'should,' 'could', 'project,' 'plan,' or the negative or other variations of these words and similar expressions are intended to be among the statements that identify 'Forward-Looking Statements.' Although Cornerstone believes that its expectations reflected in these 'Forward-Looking Statements' are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behaviour of financial and metals markets, predicting natural geological phenomena and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our Forward-Looking Statements. Although Cornerstone believes the facts and information contained in this news release to be as correct and current as possible, Cornerstone does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views after the date of this news release. While Cornerstone anticipates that subsequent events may cause its views to change, it expressly disclaims any obligation to update the Forward-Looking Statements contained herein except where outcomes have varied materially from the original statements.

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