Cornerstone and SolGold Plc sign definitive option agreement and announce $2.8 million first year exploration program for the Cascabel gold-copper-silver property, Ecuador CGP.v

  Cornerstone has signed another J/V agreement for Ecuador and has a lot irons in the fire now - this year is shaping very interesting for this company with its aggressive exploration plans. Insiders are buying shares in Cornerstone this season as well.

Cornerstone Announces Initial NI 43-101 Compliant Mineral Resource Estimate for the Cape Ray Gold-Silver Project, Newfoundland CGP.v

"One more junior is turning the corner now - some bids are coming in Cornerstone Capital Resources today."

Gold, Silver and Copper: Cornerstone announces further exploration programs on the Shyri property with Intrepid Mines, Ecuador CGP.v, IAU

"One more junior project generation company - Cornerstone Capital Resources is coming back to life with the strong partner to advance its Gold -Silver-Copper project in Ecuador."

Cornerstone Capital resources presentation.

Ecuador - Turning The Corner


Cornerstone announces receipt of environmental license for the Bella Maria project, Ecuador

Cornerstone and Thundermin Retain P&E Mining Consultants Inc. to Undertake a NI 43-101 Mineral Resource Estimate for the Whalesback Copper Deposit

Cornerstone and SolGold Plc sign definitive option agreement and announce $2.8 million first year exploration program for the Cascabel gold-copper-silver property, Ecuador


Mount Pearl, NL, Canada: Cornerstone Capital Resources Inc. ("Cornerstone") (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) and SolGold Plc (formerly Solomon Gold Plc) ("SolGold") (AIM code: SOLG) announce that they have signed a definitive option agreement finalizing the terms of an option/joint venture arrangement for Cornerstone's 100% owned 5,000 hectare Cascabel gold-copper-silver property in northern Ecuador and replacing their letter of intent announced on April 10, 2012.

About Cascabel

The Cascabel property is located approximately 120 km north of Quito and 20 km south of the Colombian border. Access is very good via a paved road from the provincial capital city of Ibarra to San Lorenzo city, on the Pacific coast, and secondary gravel roads to the central part of the property. An environmental license for the initial exploration phase was granted by the Ministry of Environment on July 12, 2011. Exploration work including geology, geochemistry, geophysics and hand-dug trenching and pitting, is allowed for a 4-year period under this environmental license.

Terms of the agreement, a description of the property and preliminary exploration results were described in News Release 12-06, dated April 10, 2012. Maps showing the geology and exploration results to that date may be viewed at www.cornerstoneresources.com.

Exploration program

Cornerstone and SolGold have agreed to an aggressive first year exploration program totaling US$2.8M (covering the period May 2012 through April 2013), the first $800,000 of which is committed. This staged program includes 1:25,000 scale reconnaissance geological mapping, prospecting, stream sediment and rock sampling, and an airborne magnetic and radiometric survey which will cover the entire property. Detailed exploration will follow over the most prospective areas. Identified targets will be prioritized for drill testing in late 2012, pending receipt of requisite permits. An Environmental Impact Study required for advanced stage exploration (drilling) will be carried out later this year and a community relations program is currently being implemented.

Prospecting work began in May. A summary of exploration results will be announced as soon as the program is completed and all data received and compiled.

About Cornerstone

Cornerstone Capital Resources Inc. is a mineral exploration company based in Mount Pearl, Newfoundland and Labrador, Canada, with a diversified portfolio of projects in Canada, Ecuador and Chile, and a strong technical team that has proven its ability to identify, acquire and advance properties of merit. The company's business model is based on generating exploration projects whose subsequent development is funded primarily through joint venture partnerships. Commitments from JV partners constitute significant validation of the strength of Cornerstone's projects.

Further information is available on Cornerstone's website: www.cornerstoneresources.com or for investor, corporate or media inquiries, please contact:

Investor Relations:
Email: communications@crigold.com
North America toll-free: 1 (877) 277-8377

The link to a recent Corporate presentation is:
http://www.cornerstoneresources.com/i/pdf/Presentations_0412_CRICorporate.pdf

Investors can also access Cornerstone on Twitter

Cautionary Notice

This news release may contain 'Forward-Looking Statements' that involve risks and uncertainties, such as statements of Cornerstone's plans, objectives, strategies, intentions and expectations. The words "potential," "anticipate," "forecast," "believe," "estimate," "expect," "may," "project," "plan," 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 subsequent to 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.

On Behalf of the Board,
Brooke Macdonald
President and CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX

Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advise on this blog and there is no solicitation to buy or sell any particular company here. Always consult with your qualified financial adviser before making any investment decisions.

Cornerstone Announces Initial NI 43-101 Compliant Mineral Resource Estimate for the Cape Ray Gold-Silver Project, Newfoundland CGP.v

  

  One more junior is turning the corner now - some bids are coming in Cornerstone Capital Resources today.

Gold, Silver and Copper: Cornerstone announces further exploration programs on the Shyri property with Intrepid Mines, Ecuador CGP.v, IAU

"One more junior project generation company - Cornerstone Capital Resources is coming back to life with the strong partner to advance its Gold -Silver-Copper project in Ecuador."

Cornerstone Capital resources presentation.

Ecuador - Turning The Corner


Cornerstone announces receipt of environmental license for the Bella Maria project, Ecuador

Cornerstone and Thundermin Retain P&E Mining Consultants Inc. to Undertake a NI 43-101 Mineral Resource Estimate for the Whalesback Copper Deposit

Cornerstone Announces Initial NI 43-101 Compliant Mineral Resource Estimate for the Cape Ray Gold-Silver Project, Newfoundland


Mount Pearl, NL, Canada: Cornerstone Capital Resources Inc. ("Cornerstone") (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) announced today an initial National Instrument 43-101 ("NI 43-101") compliant mineral resource estimate for its 100% owned Cape Ray gold-silver project located in southwestern Newfoundland. The mineral resource estimate was prepared by Mercator Geological Services Limited ("Mercator") of Dartmouth, Nova Scotia and was completed on two separate mineralized zones: 1) the 51 Zone of the Cape Ray gold deposit ("51 Zone"); and 2) the Windowglass Hill deposit ("Windowglass Hill") (see Table 1). The estimate is based on three-dimensional block models developed for the 51 Zone and Windowglass Hill using Gemcom Surpac(r) 6.1.4 modeling software and validated results of 26,480 metres of historical diamond drilling in 197 holes completed between 1977 and 1996, plus 2,520 metres of diamond drilling in 28 holes completed by Cornerstone between 2004 and 2006.
Mineral resources for the 51 Zone and Windowglass Hill are reported, respectively, on the basis of assumed underground (2.5 g/t gold cut-off) and open pit (0.5 g/t gold cut-off) development potential.

Highlights:

• 51 Zone -- Inferred resources of 530,000 tonnes grading 6.10 g/t Au and 15.86 g/t Ag containing 103,943 ounces of gold and 270,253 ounces of silver
• Windowglass Hill - Inferred resources of 1,810,000 tonnes grading 1.77 g/t Au and 11.28 g/t Ag containing 103,001 ounces of gold and 656,415 ounces of silver
• Mineralization is relatively shallow at a maximum of 270 metres vertically below surface for the 51 Zone and 140 m for Windowglass Hill
• Opportunities exist to upgrade and expand the mineral resources

Brooke Macdonald, President & CEO of Cornerstone said "We are encouraged by the results from this initial NI 43-101 mineral resource estimate for the Cape Ray project. Mineralization was discovered at Cape Ray more than 30 years ago, and a great deal of exploration work was completed on the project, particularly during the 1980's. Because all of this work was carried out in the context of much lower gold and silver prices compared to today, we felt it was time to revisit the project in order to complete new deposit modeling and a NI 43-101 compliant mineral resource estimate. The current estimate for the 51 Zone increases resources compared to historical non NI 43-101 estimates and no previous resource estimate was carried out on Windowglass Hill. In addition to the 51 Zone and Windowglass Hill, four significant mineralized gold zones including two of which form the remainder of the Cape Ray gold deposit, occur along a 15 km strike length. These other zones are owned by a third party. We are actively seeking potential joint venture partners to advance exploration and potential future development on our property. The project location, shallow depth of mineralization, anticipated high gold recoveries based on historical metallurgical test work on the Cape Ray gold deposit, and opportunities for upgrading and expanding the resources are all positives for the project."Table 1. Summary of Mineral Resources for the 51 Zone and Windowglass Hill, Cape Ray Project (Mercator, July 16, 2012).

Deposit	Resource Category (Cut-Off Grade)	Tonnes (Rounded)	Gold Grade (g/t)	Silver Grade (g/t)	Contained Gold (oz)	Contained Silver (oz)
51 Zone	Inferred (2.5 g/t Au)	530,000	6.10	15.86	103,943	270,253
Windowglass Hill	Inferred (0.5 g/t Au)	1,810,000	1.77	11.28	103,001	656,415

Notes:
1. Mineral resources are estimated in conformance with the Canadian Institute of Mining, Metallurgy and Petroleum -- Standards on Mineral Resources and Reserves -- Definitions and Guidelines, as referenced in NI 43-101.
2. Reported mineral resources are considered to have reasonable prospects of economic extraction based on comparison with comparable deposits and a gold price of US$1,400 per ounce.
3. The block model for the 51 Zone is based on composited assay results for 451 drill core samples from 69 separate drill holes falling within deposit limits, and the Windowglass Hill block model is based on composited results for 529 drill core samples from 40 separate drill holes falling within deposit limits.
4. Block model grades were interpolated using inverse distance squared (ID²) methodology and 1.5 metre down hole calculated composites for gold and silver assay values.
5. Assay composites for the 51 Zone were capped at 30 g/t Au and 80 g/t Ag, and those for Windowglass Hill were capped at 12 g/t Au and 80 g/t Ag.
6. Block size for both the 51 Zone and Windowglass Hill is 2 m x 2 m x 2m with no sub-blocking.
7. Grade interpolations were fully constrained within grade shell wireframeWindowglass Hill.
8. A density value of 2.84 g/cm³ was used for the 51 Zone and a value of 2.77 g/cm³ was used for Windowglass Hill.
9. The rounding of tonnes as required by NI 43-101 reporting guidelines may result in apparent differences between tonnes, grade and contained ounces.
10. Mineral resources that are not mineral reserves do not have demonstrated economic viability. This estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.
11. The quantities and grades of reported inferred mineral resources are uncertain in nature and further exploration may not result in their upgrading to Indicated or Measured status.
The sensitivity of the resource estimate to cut-off grades for gold is shown below in Table 2.

Table 2. Summary of Mineral Resources for the 51 Zone and Windowglass Hill Showing Sensitivity to Various Cut-Off Grades for Gold, Cape Ray Project (Mercator, July 16, 2012).

Deposit	Resource Category	Cut-Off Grade Gold (g/t)	Tonnes (Rounded)	Gold Grade (g/t)	Silver Grade (g/t)	Contained Gold (oz)	Contained Silver (oz)
51 Zone	Inferred	1.0	790,000	4.67	12.48	118,614	316,981
	Inferred	2.0	610,000	5.63	14.85	110,415	291,238
	Inferred	*2.5	530,000	6.10	15.86	103,943	270,253
	Inferred	3.0	470,000	6.58	16.91	99,429	255,524
	Inferred	4.0	360,000	7.53	18.86	87,154	218,291
	Inferred	5.0	280,000	8.41	20.45	75,709	184,095
Windowglass Hill	Inferred	*0.5	1,810,000	1.77	11.28	103,001	656,415
	Inferred	1.0	1,310,000	2.14	12.27	90,131	516,781
	Inferred	1.5	870,000	2.60	14.74	72,725	412,295
	Inferred	2.0	570,000	3.07	17.08	56,261	313,007
	Inferred	3.0	210,000	4.16	18.51	28,087	124,973
	Inferred	4.0	90,000	5.09	18.07	14,728	52,287
	Inferred	5.0	40,000	6.14	17.88	7,896	22,994

* Resource Statement Cut-Off Grade
Qualified Persons

The mineral resource estimate has an effective date of July 16, 2012 and was prepared by Mr. Andrew Hilchey, P.Geo. of Mercator. Mr. Hilchey is an Independent Qualified Person ("Q.P.") as defined under NI 43-101 and has reviewed and approved the contents of this news release. A NI 43-101 Technical Report in support of the resource estimate is currently being prepared by Mercator and will be filed on SEDAR by Cornerstone within 45 days of this news release.
Overall supervision of the Cape Ray project is by Terry Brace, P.Geo., Cornerstone's Vice President Exploration. Julie Labonté, P.Geo., Project Geologist for Cornerstone is the Q.P. responsible for project management for the purposes of NI 43-101. Both Mr. Brace and Ms. Labonté have reviewed and approved the contents of this news release.

About the Cape Ray Project
Cornerstone's Cape Ray property is located approximately 25 km northeast of Port aux Basques in southwestern Newfoundland, and is accessible from the Trans-Canada Highway by a 20 km seasonal gravel road. The property consists of a single 183-claim mineral licence (45.75 km²) and covers portions of a 22 km-long strike length of the Cape Ray Fault Zone ("CRFZ"), a major crustal-scale tectonic suture.
Cornerstone holds a 100% interest in the Cape Ray property subject to a 1.75% net smelter return (NSR) royalty payable to a third party. Cornerstone retains the right to repurchase a 1.0% NSR for $1 million, leaving the third party with a 0.75% NSR.
The northeast-trending CRFZ marks a zone of highly strained rocks which separates the Late Cambrian to Early Ordovician Cape Ray Igneous Complex to the northwest (Dunnage Zone) from the Port aux Basques Gneiss to the southeast (Gander Zone). The Late Ordovician to Middle Devonian Windsor Point Group, a series of bimodal volcanics and volcaniclastics with associated sedimentary rocks, lies between these two units approximately along the trace of the CRFZ. Several pre- to late-tectonic granitoid bodies intrude all these units.
The most significant mineralization along the CRFZ is the Cape Ray gold deposit ("CRGD") which was discovered in the late 1970's by Rio Tinto Canadian Exploration Ltd. ("Riocanex"). The CRGD consists of three separate mineralized zones along a 1.75 km strike length, which from southwest to northeast are the 51, 41 and 4 zones. Gold and silver mineralization is associated with pyrite and base metal (Cu, Pb & Zn) rich fault-fill quartz breccia veins within shear zones developed in schists of the Windsor Point Group. At the Windowglass Hill deposit located 2.75 km southwest of the 51 Zone, the Early Silurian Windowglass Hill Granite hosts a series of extensional shallow-dipping quartz veins with associated gold and silver mineralization. Elsewhere along the CRFZ, significant gold mineralization occurs at the Big Pond and Isle aux Morts prospects located 5.5 km southwest and 9 km northeast respectively of the 51 Zone.
Cornerstone's Cape Ray property covers the 51 Zone and the Windowglass Hill deposits. A third party holds the mineral rights to the 4 and 41 zones of the CRGD, as well as the Big Pond and Isle aux Morts prospects.
Additional information on the Cape Ray project is available on Cornerstone's website at:www.cornerstoneresources.com.
About Cornerstone:
Cornerstone Capital Resources Inc. is a mineral exploration company based in Mount Pearl, Newfoundland and Labrador, Canada, with a diversified portfolio of projects in Canada, Ecuador and Chile, and a strong technical team that has proven its ability to identify, acquire and advance properties of merit. The company's business model is based on generating exploration projects whose subsequent development is funded primarily through joint venture partnerships. Commitments from JV partners constitute significant validation of the strength of Cornerstone's projects.
Cautionary Notice:
Certain statements contained in this press release may be considered as forward-looking. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated or implied results. 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.
Further information is available on Cornerstone's website: www.cornerstoneresources.com or for investor, corporate or media inquiries, please contact:
Investor Relations:
Email: communications@crigold.com
North America toll-free: 1 (877) 277-8377
The link to a recent Corporate presentation is:
http://www.cornerstoneresources.com/i/pdf/Presentations_0412_CRICorporate.pdf
Investors can also access Cornerstone on Twitter
Cautionary Notice:
This news release may contain 'Forward-Looking Statements' that involve risks and uncertainties, such as statements of Cornerstone's plans, objectives, strategies, intentions and expectations. The words "potential," "anticipate," "forecast," "believe," "estimate," "expect," "may," "project," "plan," 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 subsequent to 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.
On Behalf of the Board,
Brooke Macdonald
President and CEO"

Gold, Silver and Copper: Cornerstone announces further exploration programs on the Shyri property with Intrepid Mines, Ecuador CGP.v, IAU

  One more junior project generation company - Cornerstone Capital Resources is coming back to life with the strong partner to advance its Gold -Silver-Copper project in Ecuador.

Charles Nenner Calls For Silver and Gold Bottom - We Call For Apple To Cool Down AAPL, GLD, SLV

"Catalyst for the Juniors with solid projects in Gold, Silver, Copper, Lithium, Graphite and Rare Earths will be the simple fact that you can not print any of these commodities. M&A activity in the sectors must confirm our observations - industry insiders know better where the real value is.
  Canadian Venture Exchange Index daily chart below is one to watch now - we are close to the October's and December's Lows. Change in leadership in the market place and sector rotation can even beat the juniors' weak summer market seasonality this year."

Cornerstone Capital resources presentation.

Cornerstone announces further exploration programs on the Shyri property, Ecuador

Mount Pearl, NL, Canada: Cornerstone Capital Resources Inc. ("Cornerstone") (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) today announced that a US$1.7 million exploration program has been approved by its joint venture partner, Intrepid Mines Limited ("Intrepid"), for the second quarter ("Q2") 2012 on the Shyri property located in Azuay province in southern Ecuador. Intrepid is funding 100% of the program, after completion of which it will have earned its initial 60% interest in the property (see "Shyri Option Agreement" below).Highlights: The Q2 program includes airborne and ground geophysical surveys, soil geochemistry surveys, prospecting, detailed geological and structural mapping, and a Phase 3 drilling program totaling approximately 2,500 metres on high priority porphyry targets on the western portion of the Gama prospect. The Q2 program is part of a larger exploration program totaling US$4.13 million proposed by Cornerstone for the remainder of 2012. The remainder of the program (Q3 & Q4) is subject to approval by Intrepid on a quarterly basis. The overall program proposed for 2012 contemplates 4 drilling programs totaling 8,500 metres to drill test targets on Gama, Vetas Grandes and Cañaribamba. "We are extremely pleased that Intrepid has approved the proposed second quarter 2012 exploration program at Shyri, which includes significant airborne and ground surveys, as well as additional drilling focused on porphyry targets at the Gama prospect" said Brooke Macdonald, Cornerstone's President and CEO. "We're confident that this year's planned work programs will result in the identification of new epithermal and porphyry drill targets, which will be prioritized along with those already identified."2012 Shyri property exploration program Since acquiring the Shyri property in 2005, Cornerstone and its partners have successfully identified highly prospective areas through systematic and detailed exploration programs. So far four prospects have been identified - Gama, Vetas Grandes, Cañaribamba and Yanasacha. Most of the exploration work prior to the April 2008 Mining Moratorium (MM) focused on the specific prospect areas and as a result, very little exploration work has been carried out on the balance of the concessions. The 2012 exploration program is designed to further test the individual prospects by drilling and to explore parts of the concessions where only limited work was carried out. An overall work program proposal totaling US$4.13 million is currently under review by Intrepid. This proposal includes Phase 3 drilling at Gama and Phase 1 drilling programs at the Vetas Grandes and Cañaribamba prospects, as well as a systematic appraisal of the potential of the ground surrounding the prospects. A detailed helicopter borne magnetic and radiometric survey totaling approximately 2,500 line kilometres (km) is planned to cover the southern part of the Shyri property (4 concessions including the Vetas Grandes and Cañaribamba prospects) and the Yanasacha prospect located in the northeastern part of property (1 concession). A detailed geological and structural analysis will be carried out on all prospects including field mapping, drill core review where available and reinterpretation of airborne and ground geophysical survey data. Another round of drilling totaling 2,500 metres (m) is proposed during the fourth quarter (Q4) on prospects showing the best potential to host economic mineralization and to test new targets developed from the ongoing programs. Individual work programs on each prospect area are described below. Gama prospect The Gama prospect comprises an extensive zone of high sulphidation (HS) epithermal alteration measuring a minimum of 8.5 km by 3 km. The alteration is strongly zoned and centered over two high level, porphyry-type intrusions at the 3,500 m to 3,800 m elevations. Gama is located 15 km to the west of Iamgold's Quimsacocha High Sulphidation (HS) epithermal gold deposit, 15 km to the south of International Minerals' Rio Blanco Low Sulphidation (LS) gold-silver deposit and 10 km to the southeast of the Chaucha porphyry copper-molybdenum deposit. Two drilling programs totaling 4,279 m were completed during 2011. Drilling results and interpretation were provided in Cornerstone News Releases 11-17, 11-26 and 12-03, the latter of which also summarized the Q1 2012 exploration program. A 75 line km Induced Polarization (IP) geophysical survey is planned to cover prospective ground defined by geology and geochemical surveys. A detailed ground magnetic survey (731 line km) that was initiated in late January will be extended to cover newly defined geochemical anomalies. Some infill soil sampling is also planned to better define geochemically anomalous areas. All new data will be integrated with the current database and developed into a 3D model. A Phase 3 drilling program (2,500 m) that will test priority targets is expected to commence in June. Vetas Grandes prospect Cornerstone discovered the Vetas GrandesSulphidation (IS) epithermal quartz veins within a zone at least 2 km long and 1.5 km wide. The geology is similar to the nearby Rio Blanco The Vetas Grandes prospect has been thoroughly explored and is now at the drill-ready stage. A structural study will be carried out and all data integrated into a 3D model. Defined drill targets will be tested by a diamond drill program (2,500 m) during the third quarter (Q3) 2012 once all permits (Environmental License and Water Permit) are granted by the authorities. A systematic prospecting program is also planned on parts of the concessions that were not systematically explored in the past, using data generated during the early days of the project and the new airborne geophysical data. Cañaribamba prospect The Cañaribamba prospect represents an IS, disseminated and vein-type gold-silver epithermal system hosted in a diatreme complex. Geologically it appears to be analogous to large, diatreme-hosted gold deposits in Rosia Montana, Romania and Kelian, Indonesia. The area has a history of artisanal mining of high-grade veins over at least 300 m of elevation and in the 1970's four short drill holes were completed on one of the four recognized vein systems. Work by Cornerstone expanded known mineralization another 500 m north with the discovery of the Guabisay structure where a 4.5 m channel sample within a fault-controlled breccia zone returned 32.2 g/t Au. Cornerstone also completed extensive geological, geochemical and geophysical (IP and magnetic) surveys in the area and outlined several high priority targets unrelated to the known mineralized zones. This prospect is located only 5 km southeast of Vetas Grandes and is at the same drill-ready and permitting stages. As with the other prospects, all previous and new exploration data will be integrated, targets defined and drill tested (1,000 m) during Q3 2012. Prospecting work will be carried out on the Shyri Oeste concession located to the west and where prospective LS vein systems were identified in the past but never followed up. Yanasacha prospect The Yanasacha prospect occurs in the northeast portion of the Shyri property, approximately 9 km northeast of the Quimsacocha HS deposit, and is the least explored of the four main prospects. It comprises two distinct shallowly dipping, lithologically controlled silicic alteration zones (or lithocaps) at 3,300 m and 3,500 m elevation. These are associated with near-vertical silicic ribs that define feeders to the lithocaps. Limited rock sampling has returned maximum values of 1.1 g/t Au and 14 g/t Ag from the silicic alteration. A soil survey over an area of 1.6 km by 2.2 km has identified a 1.4 km by 1.5 km circular zone defined by > 10 parts per billion (ppb) Au and contains 4 anomalies > 26 ppb Au (95th percentile) including 15 samples with > 50 ppb Au. Individual soil values returned up to 328 ppb Au. Permitting is currently underway, and geological mapping and rock and soil sampling are scheduled during Q4 2012. Qualified Person Yvan Crepeau, M.Ba., P.Geo, President of Cornerstone Ecuador SA and a qualified person in accordance with National Instrument 43-101, is responsible for supervising the Shyri exploration program and has reviewed and approved the technical information contained in this news release. Shyri Option Agreement Intrepid Mines Limited ("Intrepid") is earning a 60% interest in the Shyri gold-silver-copper property under an option agreement signed with Cornerstone in January 2011. Under the terms of the Agreement, Intrepid has the ability to earn an initial 60% interest in the property by spending $US 6.0 million dollars over 5 years. Intrepid may earn an additional 20% in specific project areas up to 5,000 hectares each. Upon designation of a Project Area, Intrepid will make a $US 750,000 private placement in Cornerstone. To earn the additional interest, Intrepid will complete a bankable feasibility study or incur expenditures of $US 20 million, whichever comes first, and make a cash payment to Cornerstone of up to $US 5.0 million based on the gold equivalent ounces in the mineral reserve. There is no limit to the number of Project Areas Intrepid may designate within the property and each 'stand-alone' Project Area requires the same earn-in requirements (see news release dated Oct 29, 2009). Cornerstone is the project operator, and manages the exploration programs in close consultation and planning with Intrepid. About Cornerstone Cornerstone Capital Resources Inc. is a mineral exploration company based in Mount Pearl, Newfoundland and Labrador, Canada, with a diversified portfolio of projects in Canada, Ecuador and Chile, and a strong technical team that has proven its ability to identify, acquire and advance properties of merit. The company's business model is based on generating exploration projects whose subsequent development is funded primarily through joint venture partnerships. Commitments from JV partners constitute significant validation of the strength of Cornerstone's projects. Further information is available on Cornerstone's website: www.cornerstoneresources.com or for investor, corporate or media inquiries, please contact: Investor Relations: Email: communications@crigold.com North America toll-free: 1 (877) 277-8377 Martti Kangas - Direct Line: 1 (416) 367-5124 Paul Benwell / Pat Kairns - Direct Line: 1 (514) 904-1333 The link to a recent Corporate presentation is: http://www.cornerstoneresources.com/i/pdf/Presentations_0412_CRICorporate.pdf Investors can also access Cornerstone on Twitter Cautionary Notice: This news release may contain 'Forward-Looking Statements' that involve risks and uncertainties, such as statements of Cornerstone's plans, objectives, strategies, intentions and expectations. The words "potential," "anticipate," "forecast," "believe," "estimate," "expect," "may," "project," "plan," 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 subsequent to 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. On Behalf of the Board, Brooke Macdonald President and CEO Further information is available on the Cornerstone Web site at www.cornerstoneresources.com; via e-mail at communications@crigold.com; or toll free at 1-877-277-8377. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advise on this blog and there is no solicitation to buy or sell any particular company here. Always consult with your qualified financial adviser before making any investment decisions.

Cornerstone Reports 1.34% Copper and 58.0 g/t Silver over 19.5 m in trenching at La Fortuna Copper-Silver Project, Chile ilc.v, tnr.v, czx.v, rm.v, lmr.v, abn.v, asm.v, btt.v, bva.v, bvg.v, epz.v, fst.v, gbn.v, hao.v, jnn.v, ks.v, ktn.v, kxm.v, mgn, mxr.v, rvm.to, svb, ura.v, nup.ax, srz.ax, usa.ax

"Juniors: AuRico Gold to Acquire Northgate Minerals and Create A Leading Intermediate Gold Company.  We have a deal in Junior Gold mining space - consolidation will be driving this sector higher. Risk trade is coming back. The deal has valued Northgate Minerals at 45% premium to the average price of the past 20 days. 

  We are following here another merger in Gold and Silver space and Minera Andes shareholders will have now even more questions to ask the management about valuation in the proposed merger with US Gold.

"Once the panic settles we will see flight to the Real assets, China will not be able to diversify all 1.2 Trillion holdings in US Treasuries, but the gradual transition will be in place - new world currency will be the Hard one based on Gold, Silver, Copper and access to strategic commodities like Oil, Lithium and REE. We are expecting that first the gold Majors will properly reflect the Gold valuation in their market caps and after that liquidity will go downstream into the Gold and Silver Juniors. Copper juniors will be at the mercy of the M&A consolidation game again and Lithium will show its truly strategic status with every uptick in the Oil price again. 

  James Dines can be right on the money again with his calls this time. And we will be honest with you - we just do not know what to do if political circus will bring US to the abrupt end without the proper glory of the Rome Empire in its final days."

We are monitoring this project generation company with portfolio in multi commodities across the continents. 

"Excellence in Mineral Exploration. Cornerstone Capital Resources Inc. has a strong and dedicated technical team who are focused on generating and advancing new projects that have great potential for discovery. Cornerstone leverages its own exploration funding through joint venture and strategic partnerships, providing shareholders with potential for success at lower risk. Cornerstone has a diversified portfolio of gold, silver, copper, nickel, VMS, rare earth elements, and uranium properties in Canada, Ecuador and Chile."

"Cornerstone's two most recent acquisitions, made through its wholly-owned subsidiary Minera Cornerstone Chile Limitada ("MCCL"), are the Miocene and La Fortuna projects in Chile. The Miocene project is located in the Regions of Atacama and Antofagasta of northern Chile, and is targeting epithermal gold-silver and porphyry gold-copper deposits along the interpreted northern extension of the Maricunga magmatic belt which hosts several world-class gold deposits. The La Fortuna project is located in the Valparaíso Region of central Chile, and is targeting manto-type copper-silver and epithermal gold-silver deposits similar to those at the Cerro Negro copper-silver mine and El Bronce epithermal gold-silver district respectively. These projects were selected after two years of careful research and evaluation, and Cornerstone feels both offer tremendous potential for discovery. Chile consistently ranks among the world's top mining jurisdictions, and we are extremely excited to have added these projects to our international portfolio."

August 30, 2011

Cornerstone Reports 1.34% Copper and 58.0 g/t Silver over 19.5 m in trenching at La Fortuna Copper-Silver Project, Chile

Mount Pearl, NL, Canada: Cornerstone Capital Resources Inc. ("Cornerstone") (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) announced today preliminary results for the ongoing exploration program at the La Fortuna copper-silver project located in the Valparaíso Region of central Chile, approximately 100 km north of Santiago. A map showing the location of the La Fortuna project, as well as geology and exploration results may be viewed at www.cornerstoneresources.com.

Highlights

Seven prospective mineralized zones distributed over a large area (18 km2) identified to date

Of 163 rock samples collected during mapping and prospecting, 34 (19%) returned > 0.5% Cu, including 24 (14%) which returned > 1.0% Cu; 18 (10%) returned > 30 g/t Ag, including 5 (3%) which returned > 100 g/t Ag

Trench TH1 returned 19.5 m at 1.34% Cu and 58.0 g/t Ag

78% of copper is soluble in samples (49) which returned > 0.5% Cu

200 line km ground magnetic survey completed; Induced Polarization survey planned

Project located immediately adjacent to the Cerro Negro copper-silver mine and mill with connecting road infrastructure

Brooke Macdonald, Cornerstone's President commented: "We are very pleased with the results obtained so far at La Fortuna. In only a few months our geologists have identified significant mineralized zones distributed over an extensive area. Ground magnetic and induced polarization geophysical surveys will help to locate the stratigraphic horizons where we believe sulfide replacement and manto-type mineralization occur at depth. There are already some obvious drill targets, and with further trenching and data integration, new targets will be developed."

Assay results

Significant copper and silver assay results have been obtained in the northern two-thirds of the property, with seven prospective mineralized zones identified over a large area of approximately 18 km2. Higher-grade mineralization is concentrated in, but not restricted to, veins that are typically 1 to 2 m wide but occasionally up to 4 m. Mineralization is also present as disseminations in fracture/shear zones and at the outer contact zone of intrusive rocks, over significant widths (up to 19.5 m in trench TH1, see assay results below). The structural zones are up to 50 m wide, and there is normally a correlation between Cu and Ag contents.

A total of 163 rock samples (representative chip samples) were assayed during the prospecting work. Of these, 63 samples returned > 0.1% Cu, including 34 samples which returned > 0.5% Cu and 24 samples which returned > 1% Cu. Eighteen (18) samples returned > 30 g/t Ag, including 5 samples which returned > 100 g/t Ag. Eight (8) samples are gold anomalous (>0.1 g/t Au), including 3 samples which returned > 0.5 g/t Au.

Including channel samples (160) from the trenching program, forty-nine (49) samples which returned > 0.5% total copper (1.78% Cu arithmetical average) were re-assayed for soluble copper (1.43% Cu arithmetical average). These results indicate that 78% of the copper is soluble.

Exploration program

The La Fortuna property covers an area of approximately 2,900 hectares, measuring 10 km north-south by 3 km east-west. The project is favourably located in an established mining district at relatively low elevations (1200 to 1800 m above sea level), and is easily accessed by existing roads. The property is partly contiguous with the Cerro Negro copper (silver) mine, a manto-type deposit immediately to the west which combines open pit and underground operations and produces copper cathodes via heap leach SX-EW and copper-silver concentrates via flotation. The El Bronce epithermal gold-silver district is located 30 km to the north. The region is sparsely populated, and has a hot and dry climate which is well-suited for leaching operations. Many surface mineral occurrences have been worked by small scale miners in the past but no drilling has ever been carried out at La Fortuna.

An exploration program began in April with reconnaissance geological mapping, prospecting and rock sampling. During this initial work phase, geological units were defined, a structural study performed, and altered and mineralized zones were mapped and sampled. Following the reconnaissance work, data was integrated and prospective areas defined for follow-up. Detailed mapping and hand-trenching were then initiated and this work is ongoing. Eleven (11) trenches totaling 532.7 meters were dug and channel sampled. A total of 427 rock samples (167 rock chips from prospecting and 260 trench channel samples) have been collected so far on the project. Assay results are still pending for the last 105 samples. A ground magnetic survey in excess of 200 line km was recently completed by consulting firm, Santiago-based, Argali Geofisica E.I.R.L. in the northern 2/3 portion of the property. This geophysical data is currently being processed and will be used to support the geological interpretation and to define the most prospective areas to carry out an Induced Polarization (I.P.) survey in the coming months. Further trenching and detailed geological mapping are planned in areas where anomalous Cu-Ag-Au results have been obtained thus far.

Trenching

Eleven (11) trenches were dug in the Guayacan (3), Loma Verde (1), Loma Verde Sur (3), Quebrada Honda (1), Vizcachas (3) and Enjalmao (1) areas for a total of 532.7 m. Assay results from trenches TH1 to TH7 shown below in Table 1 indicate that mineralization is not restricted to the veins and could extend significantly, as disseminations, into the wall rocks.

Table 1. La Fortuna Trenching Results.

Trench Zone Length (m) # Samples Interval (m)* Cu (%) Ag (g/t)

TH1 Loma Verde 19.5 10 19.5 1.34 58.0

TH2 Vizcachas 66.0 32 12.0 0.21 13.0

TH3 Vizcachas 21.8 10 No Significant Values

TH4 Vizcachas 18.3 9 5.7 0.04

TH5 Enjalmao 47.0 22 24.0 0.09

TH5B Enjalmao 9.0 4 No Significant Values

TH6 Loma Verde Sur 83.6 42 18.0 0.08

1.2 0.27

2.2 0.31

TH7 Loma Verde Sur 62.8 32 10.8 0.60 17.6

TH8 Loma Verde Sur 117.9 58 Assay Results Pending

TH9 Guayacan 41.5 20 Assay Results Pending

TH10 Guayacan 34.8 17 Assay Results Pending

TH11 Guayacan 10.5 5 Assay Results Pending

* The reported copper and silver intervals are apparent thicknesses due to the early nature of the exploration program.

The trenching program is ongoing and will be extended to areas where veins, structures and disseminated mineralization were found during prospecting work and that have not yet been properly evaluated.

Sampling and assaying

All samples are delivered by Cornerstone employees for preparation at Acme Analytical Laboratories (ACME) facility in Santiago, Chile. Rock samples are prepared crushing 1 kg to 80% passing 2 mm (10 mesh), splitting 250 g and pulverizing to 85% passing 0.075 mm (200 mesh) (ACME code R200-250). Gold is assayed in Chile, using a 30 g split, Fire Assay (FA) and AA or ICP-ES finish (ACME code G601).

A 100g-plup is shipped to ACME in Vancouver, Canada where samples are assayed for a multi-element suite (ACME code 1DX2, 15g split, Aqua Regia digestion, ICP-ES finish). All samples with results > 100 g/t Ag, >10,000 ppm Cu, Pb or Zn are systematically and quantitatively re-assayed (ACME code 7AR, Aqua Regia Digestion, ICP-ES finish). All samples with results > 5,000 ppm Cu total are systematically re-assayed to determine leachable copper (ACME code G9, Citric acid leach, Cu, 1 g/100 mL, AAS finish).

Quality assurance / Quality control (QA/QC)

ACME is an ISO 9001:2008 qualified assayer that performs and makes available internal assaying controls. Certified blanks and standards are systematically used as part of Cornerstone's QA/QC program. One of them was inserted every 20 samples at La Fortuna.

Qualified Person

Yvan Crepeau, M.Ba., P.Geo., General Manager of Minera Cornerstone Chile Limitada (MCCL) and a qualified person in accordance with National Instrument 43-101, is responsible for supervising the exploration program at the La Fortuna project and has reviewed and approved the information contained in this news release.

La Fortuna option agreement

Cornerstone, through its wholly-owned subsidiary, MCCL, has entered into an agreement with a Chilean individual to acquire the La Fortuna property. The agreement gives Cornerstone the right to acquire an undivided 100% interest in the La Fortuna property by incurring exploration expenditures of C$3.0 million and making cash payments totalling C$600,000 over a 4-year period. Requirements to maintain the agreement through the first year include a cash payment of C$100,000 and exploration expenditures of C$500,000. The acquisition is subject to a 1.5% Net Smelter Royalty ("NSR"), and to advance payments of the NSR on each anniversary following the date the option is exercised. Cornerstone has a right of first refusal to purchase the NSR if the holder decides to sell it.

About Cornerstone

Cornerstone Capital Resources Inc. is a mineral exploration company based in Mount Pearl, Newfoundland and Labrador, Canada, with a diversified portfolio of projects in Ecuador, Chile, and Atlantic Canada, and a strong technical team that has proven its ability to identify, acquire and advance properties of merit. The company's business model is based on generating exploration projects whose subsequent development is funded primarily through joint venture partnerships. The company is well funded and commitments from JV partners constitute significant validation of the strength of Cornerstone's projects. Further information is available on Cornerstone's website: www.cornerstoneresources.com.

For investor, corporate or media inquiries, please contact:

Investor Relations:

Email: communications@crigold.com

North America toll-free: 1 (877) 277-8377

Martti Kangas - Direct Line: 1 (647) 521-9261

Paul Benwell / Pat Kairns - Direct Line: 1 (514) 904-1333

Investors can access and join the following Cornerstone social media channels:

Facebook

Twitter

YouTube channel

Flickr

The link to a recent Corporate presentation is:

http://www.cornerstoneresources.com/i/pdf/Presentations_0711_CRICorporate.pdf

The link to a virtual tour of drilling at the Gama prospect, Shyri concession in Ecuador is:

http://www.youtube.com/watch?v=Ne8XSfgLwIM

Cautionary Notice:

This news release may contain 'Forward-Looking Statements' that involve risks and uncertainties, such as statements of Cornerstone's plans, objectives, strategies, intentions and expectations. The words "potential," "anticipate," "forecast," "believe," "estimate," "expect," "may," "project," "plan," 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 subsequent to 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.

On Behalf of the Board,

Brooke Macdonald

President"

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Cornerstone and Intrepid intersect Gold-Copper Porphyry at Gama prospect in Ecuador cgp.v, tnr.v, grc.to, rvm.to, mgn, auy, slw, cuu.v, lun.to, gbn.v, btt.v, mxr.v, ktn.v, epz.v, bva.v, bvg.v, ura.v, abn.v, laq.v,

  Now we have some volume coming into this stock and news flow looks promising for the Summer accumulation.

"We have the weekly chart of Canadian Venture Sector. It is not only junior mining companies, but it provides a very good picture of the Risk players in the Canadian market. We have a very promising development here. Index has bounced from the MA50 support trend line and we have a strong reversal candle. Once the US Dollar confirms reversal from recent rally and Gold will move up - junior miners will follow with fireworks from the recent oversold positions."

"Cornerstone Capital Resources had a very impressive run earlier this year after Ecuador was opened for business. Company came back after the crises and moved forward with its impressive portfolio. We like the project generation type of companies like TNR Gold, Almaden Minerals and Cornerstone Resources. Almaden has already enjoyed the very respectable run, TNR Gold and Cornerstone are coming out of the recent consolidation patterns. Summer is the best time to build up your own collection of Juniors."

May 31, 2011

11-17 - Cornerstone and Intrepid intersect Gold-Copper Porphyry at Gama prospect in Ecuador

Mount Pearl, NL, Canada: Cornerstone Capital Resources Inc. ("Cornerstone") (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) and Intrepid Mines Limited (ASX-IAU)(TSX-IAU) today announced that they have completed the first 6 holes of the 11-hole (2,900 metres) Phase 1 diamond drilling program on the Gama prospect, located in the northwestern part of the Shyri property in southern Ecuador. Drilling commenced on March 6th, 2011 and is ongoing. A summary of assay results for holes GAD-11-001 to GAD-11-005, all containing mineralization, is provided below in Table 1.

Highlights:

Hole GAD-11-002 intersected 45 metres at 0.71 g/t gold and 0.18% copper within a broader zone of 101 metres at 0.41 g/t gold and 0.13% copper in a porphyry environment.

Drilling results to date have confirmed the porphyry -- high sulphidation epithermal deposit model developed earlier, the very large size and strong intensity of the hydrothermal alteration system present at Gama, and the widespread distribution of gold and copper within the lower, porphyry part of the system.

"The geology encountered in the first part of this scout drilling program is very encouraging," said Brooke Macdonald, Cornerstone's President. "The size, intensity and complexity of the hydrothermal systems are confirmed. Gold and copper are present over large areas and occur in multiple rock units. A significant mineralized gold-copper zone was intersected in the porphyry in hole -002, and this zone is open in all directions. We are now moving north and east into the epithermal part of the system, and are hoping to receive good results from this primary target".

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