MOUNT PEARL, NEWFOUNDLAND–(Dec. 30, 2011) - Cornerstone Capital Resources Inc. (“Cornerstone” or the “Company”) (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (OTCBB:CTNXF) today announced that the Company’s current President, Brooke Macdonald, has also been appointed CEO effective January 1, 2012, replacing Glen H. McKay in that role. Mr. McKay will remain a director of and an advisor to Cornerstone.

In announcing the appointment, outgoing CEO and co-founder of Cornerstone, Glen H. McKay, said: “Since Brooke’s appointment as President earlier this year (see news release dated February 24, 2011), he has been taking on increasing levels of responsibilities in Cornerstone and I believe it is now time for me to step aside and let the team we have built take the Company to the next level. I will continue to be actively involved with Cornerstone as a director and an advisor.”

John Fleming, Cornerstone’s Chairman, commented: “Glen H. McKay has held various executive and board positions with the Company since 1997, and helped provide the vision for the Company to expand internationally and to build a strong management team. Under his leadership, the Company expanded into Ecuador and Chile, and together with our 50% partner Thundermin Resources Inc. advanced the Little Deer Cu deposit to completion of a preliminary economic assessment (see news release dated November 1, 2011). In addition to our interest in Little Deer, Cornerstone now has several key properties with excellent potential including the Shyri property in Ecuador, in which Intrepid Mines Ltd. (TSX:IAU) (ASX:IAU) is currently earning a 60% interest. The Board wishes to thank Mr. McKay for his service as CEO and is pleased he will continue to serve as a non-executive director and to advise the Company on its strategic direction.”

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.

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

Facebook (http://www.facebook.com/cornerstoneresourcesinc)

Twitter (http://twitter.com/Cornerstone_cgp)

YouTube channel (http://www.youtube.com/user/CornerstoneResource)

Flickr (http://www.flickr.com/photos/cornerstoneresources)

The link to a recent Corporate presentation is:

http://www.cornerstoneresources.com/i/pdf/Presentations_1111_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

MOUNT PEARL, NEWFOUNDLAND–(Dec. 20, 2011) - Cornerstone Capital Resources Inc. (“Cornerstone”) (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (OTCBB:CTNXF) and 50% joint venture partner Thundermin Resources Inc. (“Thundermin”) announce that a National Instrument 43-101 (“NI 43-101″) compliant Technical Report and Preliminary Economic Assessment (“PEA”) for the 100% owned Little Deer Copper Deposit (“Deposit”), which was released on November 1, 2011, has been filed on SEDAR and posted on each company’s respective web site. The Deposit is located approximately 10 km north of Springdale in north-central Newfoundland.

The Technical Report and PEA for the Deposit entitled “Technical Report and Preliminary Economic Assessment of the Little Deer Copper Deposit, Newfoundland, Canada, November 1, 2011″ was prepared by Mr. Eugene Puritch, P. Eng., President of P&E Mining Consultants Inc. (“P&E”), Dr. Wayne Ewert, P. Geo., Vice President, P&E, Mr. Kirk Rodgers, P. Eng., Mr. James L. Pearson, P. Eng., Mr. David Orava, P. Eng. and Mr. Alfred Hayden, P. Eng., all being independent Qualified Person’s in accordance with NI 43-101.

Brooke Macdonald, President of Cornerstone, said “Completion of the Little Deer PEA represents another significant milestone for the project, and indicates that the Deposit has the potential to be developed on an attractive economic basis at current metal prices. During 2012, Cornerstone and Thundermin will continue to advance the project towards the pre-feasibility stage through more advanced technical studies and an infill diamond drilling program designed to upgrade inferred resources to the indicated resources category”.

Little Deer Joint Venture

Under the terms of its joint venture agreement with Cornerstone, Thundermin has the right to increase its interest in the Little Deer property to 75% by completing a feasibility study and by arranging 100% of the necessary bank financing required to place the property into commercial production.

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.

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

Facebook (http://www.facebook.com/cornerstoneresourcesinc)

Twitter (http://twitter.com/Cornerstone_cgp)

YouTube channel (http://www.youtube.com/user/CornerstoneResource)

Flickr (http://www.flickr.com/photos/cornerstoneresources)

The link to a recent Corporate presentation is:

http://www.cornerstoneresources.com/i/pdf/Presentations_1111_CRICorporate.pdf

The link to a Corporate fact sheet is:

http://www.cornerstoneresources.com/i/pdf/Presentations_1111_FactSheet.pdf

The link to a virtual tour of drilling at the Gama prospect, Shyri property 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

Further information is available on the Cornerstone Web site at www.cornerstoneresources.com; via e-mail atcommunications@crigold.com; or toll free at 1-877-277-8377.

MOUNT PEARL, NEWFOUNDLAND–(Dec. 8, 2011) - Cornerstone Capital Resources Inc. (“Cornerstone”) (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (OTCBB:CTNXF) and 50% joint venture partner Thundermin Resources Inc. (“Thundermin”) announce that they have commenced a diamond drilling program comprising approximately 3,800 metres in 13-15 holes at their 100% owned, past-producing, Whalesback Copper Mine (“Mine”). The Mine, which was in production from 1965-1972, is located approximately 10 km north of Springdale in north-central Newfoundland.

There is potential to outline significant copper resources at shallow depths adjacent to the Mine below and to the west of the old mine workings. The current drill program is designed to outline new copper resources which could, because of their proximity to the Little Deer Copper Deposit (“Deposit”), expand the total mineral resources available for mining and enhance the overall economics of establishing a new mining operation at Little Deer. At this time, the potential discovery of additional mineral resources at the Mine is conceptual in nature and it is uncertain whether further diamond drilling will result in the discovery of additional mineral resources.

Cornerstone and Thundermin own a 100% interest in the Deposit located approximately 800 m south of the Mine. Cornerstone and Thundermin have outlined significant copper resources at the Deposit since 2007 and the results of a Preliminary Economic Assessment (“PEA”) for the Deposit, which was completed in October 2011, indicated that there is potential to develop the Deposit on an attractive economic basis at current metal prices. Information on the Deposit and the PEA is available in news releases issued between May 1, 2007 and November 1, 2011 and on Cornerstone’s and Thundermin’s respective websites and on SEDAR.

Whalesback Copper Mine

A digital compilation of 107 historical holes drilled in the mineralized zone below and to the west of the old mine workings suggests that there is excellent potential for establishing additional copper resources below and to the west of the areas previously mined. Significant results from the historical drill holes include 4.5% Cu over 6.1 m, 4.0% Cu over 3.4 m, 3.2% Cu over 5.5 m, 3.0% Cu over 4.3 m, 2.9% Cu over 8.4 m, 2.9% Cu over 6.1 m, 2.6% Cu over 4.6 m, 2.5% Cu over 5.3 m, 2.4% Cu over 9.1 m, 2.2% Cu over 5.8 m, 2.3% Cu over 3.1 m, 2.3% Cu over 3.4 m, 2.2% Cu over 8.5 m, 2.1% Cu over 13.1 m and 2.0% Cu over 8.5 m. These assay intervals all approach true widths as many of the holes were drilled from underground and others are of relatively shallow depth (see news release dated October 20, 2011 for additional information on the historical data recovered for the Mine).

Mineral Resource Estimate – Little Deer Copper Deposit

On June 22, 2011, Cornerstone and Thundermin reported an updated National Instrument 43-101 (“NI 43-101″) compliant mineral resource estimate for the Deposit comprising Indicated Resources of 1,911,000 tonnes at an average grade of 2.37% Cu (99.8 million pounds of copper) and Inferred Resources of 3,748,000 tonnes at an average grade of 2.13% Cu (175.9 million pounds of copper) (see Cornerstone and Thundermin news releases dated June 22, 2011).

Qualified Persons

Mr. Andrew Hussey, P.Geo., Project Geologist and Lands Manager, Cornerstone Resources Inc., is the qualified person (“Q.P.”) responsible for the compilation of all of the historical data on the Mine for the purposes of NI 43-101. Mr. Hussey is also the Q.P. that is responsible for supervising the drilling program on the property. Mr. Hussey has reviewed the contents of this news release for accuracy and approved its release.

The positive PEA and the updated NI 43-101 compliant mineral resource estimate for the Deposit were prepared under the supervision of Mr. Eugene J. Puritch, P. Eng., President of P&E. Mr. Puritch is an independent Q.P. in accordance with NI 43-101.

Little Deer Joint Venture

Under the terms of its joint venture agreement with Cornerstone, Thundermin has the right to increase its interest in the Little Deer property to 75% by completing a feasibility study and by arranging 100% of the necessary bank financing required to place the property into commercial production.

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.

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

Facebook (http://www.facebook.com/cornerstoneresourcesinc)

Twitter (http://twitter.com/Cornerstone_cgp)

YouTube channel (http://www.youtube.com/user/CornerstoneResource)

Flickr (http://www.flickr.com/photos/cornerstoneresources)

The link to a recent Corporate presentation is:

http://www.cornerstoneresources.com/i/pdf/Presentations_1111_CRICorporate.pdf

The link to a Corporate fact sheet is:

http://www.cornerstoneresources.com/i/pdf/Presentations_1111_FactSheet.pdf

The link to a virtual tour of drilling at the Gama prospect, Shyri property 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

Further information is available on the Cornerstone Web site at www.cornerstoneresources.com; via e-mail atcommunications@crigold.com; or toll free at 1-877-277-8377.

MOUNT PEARL, NEWFOUNDLAND–(Nov. 28, 2011) - Cornerstone Capital Resources Inc. (“Cornerstone”) (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (OTCBB:CTNXF) and Intrepid Mines Limited (“Intrepid”) (ASX:IAU) (TSX:IAU) today announced that a Phase 2 diamond drilling program and additional ground exploration surveys have commenced at the Gama prospect in southern Ecuador. Two 600 metre long (minimum) diamond drill holes will test copper-gold porphyry targets at depth near previous intersections in Phase 1 holes GAD 11-002 (101 metres at 0.41 g/t Au and 0.13% Cu, including 45 metres grading 0.71 g/t Au and 0.18% Cu) and GAD 11-011 (26 metres grading 0.45 g/t Au). See Cornerstone news releases dated May 31 and August 11, 2011 for details. Additional soil sampling (2,500+ samples), prospecting and a detailed ground magnetic survey (approximately 500 line km) will also be carried out to help define new drill targets. Intrepid has approved a budget of US$1.8 million for these exploration programs.

Phase 2 Drilling Program

Geological and geochemical data from Phase 1 drilling (holes GAD 11-001 to -011) have been reviewed and the mineralization model re-interpreted. The drilling defined a large (minimum 3 km north-south) high-sulphidation epithermal alteration system superimposed on deeper porphyry style alteration and mineralization. The distribution of base metal minerals and geochemical values, alteration patterns and structures suggest that molybdenum, copper and some gold may have been remobilized from a deeper mineralized tonalitic porphyry source. A map showing the location of targets and drill holes with respect to gold-in-soil anomalies and interpreted faults is provided here:http://www.cornerstoneresources.com/i/pdf/NR11-36Figure1.pdf.

Hole GAD 11-012 is located approximately 500 metres northwest of hole GAD 11-010 and 500 metres southwest of hole GAD 11-011, on the northern edge of target B. Ground geophysical surveys at target B have outlined a 2-km circular feature characterized by a magnetic low, interpreted to represent magnetite destruction associated with hydrothermal alteration, and a 2^nd priority induced polarization (IP) chargeability anomaly. Holes GAD 11-010 and -011 intersected remobilized molybdenite along high-sulphidation epithermal feeder structures, as well as clasts of stockwork-veined mineralized tonalite porphyry within brecciated faults and structures. Sheeted porphyry “B” veins overprint the clasts and matrix in the breccias with molybdenite in-situ in the “B” veins. Hole GAD 11-012 is targeting the interpreted mineralized tonalitic porphyry at depth.

Proposed hole GAD 11-013 will be located in the northern part of target F, approximately 200 metres north of hole GAD 11-002 and close to the intersection of a northwest striking and two east-west oriented structures defined by ground magnetic data. Gold and copper mineralization in hole -002 is associated with porphyry stockwork transitional type “A-B” dominant veins. The high levels of remobilized molybdenite and the presence of gold suggest a possible mineralized tonalitic porphyry source at depth, which hole GAD 11-013 will be targeting.

“We are pleased that Intrepid has approved a Phase 2 program at Gama”, said Brooke Macdonald, Cornerstone’s President. “Information gathered from Phase 1 drilling will allow us to test the new porphyry targets at depth and to develop new drilling targets for both epithermal and porphyry styles of mineralization at Gama. Environmental permits required for drilling the Vetas Grandes and Cañaribamba prospects on the southern portion of the Shyri property are now expected to be received near the end of the first half of 2012. We had expected to receive these permits by the end of the first quarter, but community consultations are taking longer than anticipated.”

Gama Prospect

The Gama prospect is one of four recognized thus far on the Shyri property, and 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 HS epithermal gold deposit.

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 Gama drilling 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 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.

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

Facebook (http://www.facebook.com/cornerstoneresourcesinc)

Twitter (http://twitter.com/Cornerstone_cgp)

YouTube channel (http://www.youtube.com/user/CornerstoneResource)

Flickr (http://www.flickr.com/photos/cornerstoneresources)

The link to a recent Corporate presentation is:

http://www.cornerstoneresources.com/i/pdf/Presentations_1111_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

MOUNT PEARL, NEWFOUNDLAND–(Nov. 1, 2011) - Cornerstone Capital Resources Inc. (“Cornerstone”) (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (PINK SHEETS:CTNXF) and 50% joint venture partner Thundermin Resources Inc. (“Thundermin”) (TSX-THR) announce that P&E Mining Consultants Inc. (“P&E”) of Brampton, Ontario has completed an independent, positive National Instrument 43-101 (“NI 43-101″) Preliminary Economic Assessment (“PEA”) for the Little Deer Copper Deposit (“Deposit”). The results of the PEA demonstrate the potential technical and economic viability of establishing a new, profitable copper mine on the Little Deer property which is located approximately 10 km north of Springdale in north-central Newfoundland.

PEA Highlights

Base Case Scenario (copper price of US$3.75/lb and an exchange rate of US$0.95 = C$1.00; all dollar amounts are expressed in Canadian dollars unless otherwise stated):

• Mineral Resources: Indicated Resources of 1,911,000 t grading 2.37% Cu (99.8 million lbs of copper) and Inferred Resources of 3,748,000 t grading 2.13% Cu (175.9 million lbs of copper) and 20% mining dilution at zero grade with 90% extraction rate incorporated into the mine plan
• Mining: 1,800 t/day underground mine with ramp and shaft access using long hole stoping method
• Mine Life: 9.5 years
• Conventional milling and flotation process with 97% copper recovery to a clean 28% copper concentrate
• Initial Capital Cost: $110 million
• Average Site Operating Cost: $47.32 per tonne of ore mined and milled ($1.16 per lb of copper)
• Total Revenue: $829 million
• Pre-tax Net Cash Flow: $237 million. After-tax Net Cash Flow: $166 million
• Pre-tax Net Present Value at 6% Discount Rate: $130.4 million. After-tax Net Present Value at 6% Discount Rate: $86.7 million
• Payback of Pre-production Capital: 3.5 years
• Internal Rate of Return Pre-tax: 26.0%
• Internal Rate of Return After-tax: 21.5%

Brooke Macdonald, President of Cornerstone, said “We are extremely pleased with the encouraging results of the Little Deer PEA, which demonstrate that the Deposit has the potential to be developed into a new profitable copper mine on a standalone basis. The recently recognized potential for adding further copper resources at the Whalesback Mine, that could result in an extended mine life, simply adds to our shared optimism with Thundermin.”

Background

Cornerstone and Thundermin, operating on a 50/50 basis under the Little Deer Joint Venture (“LDJV”) with Thundermin as operator, optioned the Deposit and certain adjoining lands from Weyburn Investments Limited (“Weyburn”) in June 2007. Under the LDJV, Thundermin has the right to increase its interest in the Deposit and adjoining lands to 75% by completing a feasibility study and by arranging 100% of the necessary bank financing required to place the property into commercial production. Since June 2007, the LDJV has completed approximately 48,800 m of diamond drilling in 82 holes and has spent over $7,400,000 on the property, with over $5,000,000 having been spent on diamond drilling. The LDJV has also compiled a large amount of historical diamond drill hole data on the Deposit that was recovered from the archives of the Newfoundland and Labrador Department of Natural Resources in St. John’s. This work confirmed the geological interpretation, grade and continuity of the Deposit and led to the commissioning of an updated NI 43-101 compliant Mineral Resource Estimate for the Deposit which was released on June 22, 2011 (see below). On July 12, 2011, Cornerstone and Thundermin exercised their option to earn a 100% interest in the Deposit and adjoining lands from Weyburn. The LDJV now owns a 100% interest in 276 mineral claims covering approximately 65.3 km² of favorable volcanic stratigraphy in the area, subject only to certain net smelter returns royalties. The LDJV also has a 100% interest in the adjacent, past-producing Whalesback Copper Mine where a recent digital compilation of historical diamond drill hole data suggests that there is excellent potential for establishing additional copper resources at the Whalesback Mine below and to the west of the areas mined by British Newfoundland Exploration Company (“BRINEX”) between 1965 and 1972 (see news release dated October 20, 2011). Details on the Deposit and the terms of the agreement between Cornerstone and Thundermin can be found in numerous news releases between May 1, 2007 and June 22, 2011 and on Cornerstone’s and Thundermin’s respective websites and on SEDAR.

Financial Evaluations

Financial evaluations of the Deposit were calculated by P&E using a discounted cash flow analysis. On a 100% equity financing basis, the Base Case analysis shows that the pre-tax Internal Rate of Return (“IRR”) is 26.0% and the Net Present Value (“NPV”), at a 6.0% discount rate, is $130.4 million. The pre-tax undiscounted cash flow for the project is $237 million and the payback of capital from the commencement of commercial production is approximately 3.5 years. The Base Case analysis shows that the after-tax IRR is 21.5% and the NPV, at a 6% discount rate, is $86.7 million. The after-tax uncounted cash flow for the project is $166 million. The Base Case scenario assumes initial capital costs of $110 million to advance the project to commercial production. The average operating costs for life-of-mine is estimated to be $47.32 per tonne of ore mined and milled. A projected 10-year average copper price of US$3.75 and exchange rate of US$0.95=C$1.00 was used in the Base Case financial analysis. The Base Case also includes the payment of certain underlying NSR royalties to third parties. The sensitivity of the project to copper prices is shown in Table 1.

Table 1: Sensitivity of the Little Deer Copper Deposit to Copper Price

Mineral Resources

A NI 43-101 compliant Mineral Resource Estimate, which was completed by P&E, was released on June 22, 2011. P&E estimated that the Deposit contains Indicated Resources of 1,911,000 tonnes at an average grade of 2.37% Cu (99.8 million lbs of copper) and Inferred Resources of 3,748,000 tonnes at an average grade of 2.13% Cu (175.9 million lbs of copper) (see Table 2).

A Technical Report and Mineral Resource Estimate titled “Technical Report and Resource Estimate Update on the Little Deer Copper Deposit, Newfoundland, Canada, August 5, 2011″ by Mr. Eugene Puritch, P. Eng., President, P&E and Dr. Wayne Ewert, P. Geo., Vice President, P&E, independent Qualified Persons (“QPs”) in accordance with NI 43-101 was filed on SEDAR on August 5, 2011.

Table 2: Summary of Little Deer Mineral Resources (P&E, June 20, 2011)

Notes:

1. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
2. The quantity and grade of reported Inferred Resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred Resources as an Indicated or Measured mineral resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured mineral resource category.
3. The mineral resources in this press release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council.
4. Ordinary Kriging was used for Cu grade interpolation.
5. Grade capping of 15% Cu utilized on composites.
6. A variable bulk density based on numerous field measurements was used for tonnage calculations.

Production Plan

The PEA was undertaken using a production rate of 1,800 t/day (657,000 t/year), resulting in a 9.5 year mine life for the project. Underground access will be gained via a ramp, driven at 15%, and an 875 m production shaft. It is envisioned that production from approximately the upper 400 m of the Deposit will be via ramp and production from the lower part of the Deposit will be via the production shaft. Copper mineralization from the Deposit will be extracted using a long-hole mining method using mechanized trackless mining equipment (see Figure 1http://www.cornerstoneresources.com/i/pdf/NR11-35Figure1.pdf).

Copper mineralization from the Deposit will be processed in a new, state-of-the-art, environmentally friendly mill employing differential flotation to produce a high quality copper concentrate. On October 19, 2010, excellent metallurgical results from scoping level test work on core samples from the Deposit were announced. This work, which was undertaken at SGS Lakefield Research Limited (“Lakefield”) of Lakefield, Ontario, indicates that a clean, high grade copper concentrate grading over 28% copper with 97% recovery can be produced from the Deposit. The use of a simple rougher-cleaner flowsheet, a common xanthate collector, pH control with lime and a relatively coarse primary grind for copper liberation from mineralization of medium hardness suggest that the mill operating costs should fall into the low range.

Approximately 46% of the tailings from the mill will be placed underground in cemented hydraulic backfill. The remainder of the tailings are expected to be submerged in the former Whalesback tailings impoundment facility which is located approximately 1.2 km north of the Deposit.

Approximately 389,000 t of copper concentrate will be produced during the life of the mine which equates to approximately 26 million lbs of copper on an annual basis. The concentrates are expected to be trucked to one of two deep water port sites within 25 km of the property for storage and loading onto oceangoing vessels for shipment to a custom smelter.

Capital and Operating Costs

The total initial capital cost to advance the project to commercial production is $110 million. This capital includes all new hoist, head frame, equipment, mill infrastructure, ramp, upper portion of the shaft and power line and transformers. It is anticipated that the mine/mill infrastructure will require approximately 16-18 months to complete from the date that all necessary permits are received and financing for the project has been completed.

The average life-of-mine operating cost per tonne of ore mined and milled is estimated at $47.32 which equates to approximately $1.16 per lb of copper.

In the PEA, P&E has identified a number of opportunities to potentially further enhance the economics of the project. These include the discovery of additional resources with further drilling at depth and along strike at Little Deer, the discovery of additional resources at the adjoining Whalesback Mine, improvement in metallurgical recoveries and concentrate grade, increase in mine production rates, further reductions in capital costs through the employment of refurbished equipment, project design optimization and the potential use of existing underground infrastructure, including vent raises, ramp access and pre-developed ore which exist on the Little Deer property.

Project Infrastructure

The Deposit is located on a brownfield site and is well situated to take advantage of Newfoundland’s developed infrastructure. The Deposit lies approximately 16 km from the Trans-Canada Highway and is easily accessed by a 10 km network of paved and gravel roads north of Springdale, where there is an available skilled mining workforce. The site is approximately 8 km from a major power substation and there is a plentiful supply of fresh water in the area. The former tailings impoundment facility for the Whalesback Mine, which may be able to be upgraded and used to store additional tailings, is located only 1.2 km north of the Deposit. There is also good access to several deep water ports for any future shipment of copper concentrates.

The recovery of a substantial quantity of archived data has also given Cornerstone and Thundermin a better understanding of the underground infrastructure that exists on the property. This infrastructure dates from 1966 to 1972 and 1972 to 1974 when a portion of the upper part of the Deposit was developed and mined by BRINEX and Green Bay Mining Company (“Green Bay”), respectively. BRINEX accessed the Deposit from the adjoining Whalesback Mine and Green Bay accessed the Deposit via a ramp. Three ventilation raises and substantial lateral development in unmined copper mineralization are known to exist on the property. This existing infrastructure may potentially afford substantial cost savings for access underground for future definition drilling and mining.

Outlook

As a result of the positive PEA, Cornerstone and Thundermin intend to proceed with further evaluation of the Little Deer Project. This work will include additional drilling in the adjacent Whalesback Mine area to confirm the historical results and to possibly expand the copper resources to the west and at depth below the areas mined previously by BRINEX (see news release dated October 20, 2011). The discovery of additional economic grade copper resources at relatively shallow depths on the Whalesback property could be extremely important to an eventual decision to place the Deposit into commercial production. In addition, Cornerstone and Thundermin intend to undertake a substantial infill diamond drill program on the Deposit to upgrade existing resources from the Inferred to the Indicated Resource category prior to commencing a pre-feasibility study on the project. Details of these programs will be released in the coming weeks.

The Deposit and adjacent Whalesback Mine provide an excellent opportunity to re-establish the Springdale area of north-central Newfoundland as a significant copper producer. The general area has proven to be very prospective for volcanogenic massive sulphide deposits of the Cyprus type and the LDJV anticipates increased exploration activity on its large landholdings that may lead to additional discoveries.

Qualified Persons

The PEA was prepared under the supervision of Mr. Eugene J. Puritch, P. Eng., President of P&E. Mr. Puritch is an independent Q.P. in accordance with NI 43-101 and has reviewed and approved the contents of this news release. A NI 43-101 compliant PEA Technical Report is currently being prepared by P&E and will be filed on SEDAR by Cornerstone and Thundermin within 45 days of this news release.

Mr. Andrew Hussey, P.Geo., Project Geologist and Lands Manager, Cornerstone Resources Inc. and Q.P. has also reviewed and approved the contents of this news release.

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.

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

Facebook (http://www.facebook.com/cornerstoneresourcesinc)

Twitter (http://twitter.com/Cornerstone_cgp)

YouTube channel (http://www.youtube.com/user/CornerstoneResource)

Flickr (http://www.flickr.com/photos/cornerstoneresources)

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

MOUNT PEARL, NEWFOUNDLAND–(Oct. 20, 2011) - Cornerstone Capital Resources Inc. (“Cornerstone”) (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (PINK SHEETS:CTNXF) and 50% joint venture partner Thundermin Resources Inc.(“Thundermin”) (TSX:THR) announce that a recently completed digital compilation of historical diamond drill hole assay data from the 100% owned, past-producing, Whalesback Copper Mine suggests that there is excellent potential for establishing additional copper resources on the Whalesback property below and to the west of the areas mined by British Newfoundland Exploration Company (“BRINEX”) between 1965 and 1972 (see Figure 1 – http://www.cornerstoneresources.com/i/pdf/NR11-34Figure1.pdf and Table 1).

The Whalesback Copper Mine is located approximately 10 km north of Springdale in north-central Newfoundland and approximately 800 m north of the 100% owned Little Deer Copper Deposit where Cornerstone and Thundermin have outlined significant copper resources since June 2007 (see below). The two deposits are connected on the 800 foot (244 m) level by an approximately 800 m long drift and both deposits possess underground infrastructure that may be of use in any future mining operations (see Figure 2 –http://www.cornerstoneresources.com/i/pdf/NR11-34Figure2.pdf). Additional information on the Little Deer Copper Deposit is available in numerous news releases issued between May 1, 2007 and August 31, 2011 and on Cornerstone’s and Thundermin’s respective websites and on SEDAR.

Whalesback Copper Mine and Property

Diamond drill logs and assay data for 60 surface and 242 underground holes from the Whalesback Copper Mine were recovered from the archives of the Newfoundland and Labrador Department of Natural Resources in St. John’s. Drill hole numbers and pierce points for 107 holes drilled in the mineralized zone below and to the west of the areas mined by BRINEX are shown on Figure 1. The corresponding assay results and assay widths, most of which approach true width, are presented in Table 1. Twenty four of the historical holes had copper intersections grading > 2.0% Cu, 49 had copper intersections grading between 1.0% and 2.0% Cu and 33 had copper intersections grading < 1.0% Cu. Only one of the historical holes did not intersect significant copper mineralization. Significant results from the historical drill holes include 4.5% Cu over 6.1 m, 4.0% Cu over 3.4 m, 3.2% Cu over 5.5 m, 3.0% Cu over 4.3 m, 2.9% Cu over 8.4 m, 2.9% Cu over 6.1 m, 2.6% Cu over 4.6 m, 2.5% Cu over 5.3 m and 2.4% Cu over 9.1 m (see Table 1). Underground hole 11-11 is the deepest hole drilled to date on the Whalesback Deposit. This hole, which intersected 1.7% Cu over 8.4 m at a vertical depth of approximately 565 m, has never been followed up with additional drilling.

H. Brooke Macdonald, President of Cornerstone said “We are very encouraged by results of the compilation of historical Whalesback Mine data. At this point the situation is reminiscent of Little Deer four years ago when we recognized the potential to significantly expand the copper resources, particularly at depth, around the former Little Deer Mine. Our drilling at Little Deer has confirmed that potential, and we’re optimistic we can duplicate that success at the Whalesback Mine. Historically both mines have operated as a single unit, and identification of new copper resources at Whalesback will have a significant positive impact on project economics and an eventual production decision”.

Table 1: Whalesback – Historical Surface and Underground Drill Results

Notes:

1. Holes in Table 1 marked with an asterisk and shown on Figure 1 have grades and widths shown as portrayed on a historical Whalesback Mine longitudinal section, original assay data were not on drill logs recovered from the archives.
2. The reported copper intersections are core lengths but the widths reported for many of the holes in Table 1, in particular the holes drilled from underground, approach true thickness.
3. Grey lines indicate mineralized intersections with less than 1% Cu.

The sulphide mineralization within the Whalesback Copper Mine consists predominantly of disseminated, stringer, semi-massive and massive pyrite-chalcopyrite-pyrrhotite within altered mafic volcanic rocks similar to that encountered within the adjacent Little Deer Copper Deposit. The historical drill hole data presented in Figure 1 and Table 1 demonstrates that there are existing copper resources already defined beneath and to the west of the area mined previously by BRINEX. In addition, the data suggests that there is excellent potential to further expand these resources with additional diamond drilling at relatively shallow depths. The adjacent Little Deer Copper Deposit is known to occur over a strike length of 1,050 m and to persist to a vertical depth of at least 1,000 m whereas the deepest intersection at Whalesback is at a vertical depth of approximately 565 m. It is believed that the copper mineralization at Whalesback could also continue further along strike to the west and to depth and cover an area at least comparable in size to the Little Deer Copper Deposit.

Cornerstone and Thundermin intend to undertake 3,800 m of diamond drilling in 9 holes on the Whalesback property commencing this fall. The purpose of this work is to confirm the historical results and to expand the copper resources to the west and at depth below the areas mined previously by BRINEX. The discovery of additional economic grade copper resources at relatively shallow depths in this area of the Whalesback property could be extremely important to an eventual decision to place the Little Deer Copper Deposit into commercial production.

The potential for establishing additional resources on the Whalesback property is conceptual in nature and it is uncertain whether further diamond drilling will be successful in defining additional resources of economic grade copper mineralization on the property.

Mineral Resources – Little Deer Copper Deposit

On June 22, 2011, Cornerstone and Thundermin reported a National Instrument 43-101 (“NI 43-101″) compliant mineral resource estimate for the Deposit comprising Indicated Resources of 1,911,000 tonnes at an average grade of 2.37% Cu (99.8 million pounds of copper) and Inferred Resources of 3,748,000 tonnes at an average grade of 2.13% Cu (175.9 million pounds of copper). The mineral resource estimate was prepared under the supervision of Mr. Eugene J. Puritch, P. Eng., President of P&E Mining Consultants Inc. of Brampton, Ontario. Mr. Puritch is an independent Qualified Person (“Q.P.”) in accordance with NI 43-101.

Qualified Person

Mr. Andrew Hussey, P.Geo., Project Geologist and Lands Manager, Cornerstone Resources Inc., is the Q.P. responsible for the compilation of all of the historical data on the Whalesback Copper Mine for the purposes of NI 43-101. Mr. Hussey has also reviewed the contents of this news release for accuracy.

Little Deer Joint Venture

Under the terms of its joint venture agreement with Cornerstone, Thundermin has the right to increase its interest in the Little Deer property to 75% by completing a feasibility study and by arranging 100% of the necessary bank financing required to place the property into commercial production. Details on the Deposit and the terms of the agreement with Cornerstone can be found in numerous news releases between May 1, 2007 and June 22, 2011 and on Cornerstone’s and Thundermin’s respective websites and on SEDAR.

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.

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

Facebook (http://www.facebook.com/cornerstoneresourcesinc)

Twitter (http://twitter.com/Cornerstone_cgp)

YouTube channel (http://www.youtube.com/user/CornerstoneResource)

Flickr (http://www.flickr.com/photos/cornerstoneresources)

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

Further information is available on the Cornerstone Web site at www.cornerstoneresources.com; via e-mail atcommunications@crigold.com; or toll free at 1-877-277-8377.

MOUNT PEARL, NEWFOUNDLAND–(Oct. 12, 2011) - Cornerstone Capital Resources Inc. (“Cornerstone”) (TSX VENTURE:CGP) (PINK SHEETS:CTNXF) (FRANKFURT:GWN) (BERLIN:GWN) announces that Intrepid Mines Limited (ASX-IAU) (TSX-IAU) has approved a Phase 2 diamond drilling program at Cornerstone’s Gama prospect in Ecuador focusing on porphyry targets. The program will cost approximately $1.5 million and includes two 600 metre long holes, as well as additional soil sampling, re-interpretation of target models, induced polarization and ground electromagnetic and magnetic surveys. Further details of the program will be announced in the coming weeks.

The recently completed Phase 1 diamond drilling program at Gama confirmed a large alteration system containing anomalous copper, molybdenum and gold. Two holes intersected broad zones of gold enrichment in a porphyry system grading 0.71 g/t Au over 45 metres and 0.45 g/t Au over 26 metres in holes GAD-11-002 and GAD-11-011 respectively (see Cornerstone news releases dated May 31 and August 11, 2011 for details).

“We are pleased that Intrepid has approved a Phase 2 program at Gama”, said Brooke Macdonald, Cornerstone’s President. “This program will allow us to test the porphyry targets at depth and to develop new drilling targets for both epithermal and porphyry styles of mineralization on Gama. Environmental permits for drilling the Vetas Grandes and Cañaribamba prospects on the southern portion of the Shyri concession are expected to be received toward the end of the first quarter of 2012.”

Gama Prospect

The Gama prospect is one of three recognized thus far on the Shyri property, and 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 3500 m to 3800 m elevations. Gama is located 15 km to the west of Iamgold’s Quimsacocha HS epithermal gold deposit.

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 Gama drilling 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.

Other News

Cornerstone will be participating in the upcoming Latin Exploration 2011 Conference at the Sheraton Retiro Hotel Buenos Aires, Argentina, on October 17-18, 2011. Company president Brooke Macdonald, and Yvan Crepeau, President of Cornerstone Ecuador and Minera Cornerstone Chile will be presenting on October 17, and encourage all those interested to attend. Information on the conference is available athttp://www.latinexploration.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. The company is well funded and commitments from JV partners constitute significant validation of the strength of Cornerstone’s projects.

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

Facebook (http://www.facebook.com/cornerstoneresourcesinc)

Twitter (http://twitter.com/Cornerstone_cgp)

YouTube channel (http://www.youtube.com/user/CornerstoneResource)

Flickr (http://www.flickr.com/photos/cornerstoneresources)

The link to 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

Further information is available on the Cornerstone Web site at www.cornerstoneresources.com; via e-mail atcommunications@crigold.com; or toll free at 1-877-277-8377.

MOUNT PEARL, NEWFOUNDLAND–(Sept. 29, 2011) - Cornerstone Capital Resources Inc. (“Cornerstone”) (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (PINK SHEETS:CTNXF) announces completion of the non-brokered private placement announced on September 14. The Company is pleased to announce that the offering was fully subscribed for total proceeds of $2.5 million.

The financing consisted of the issuance of 12,500,000 units. Each unit was priced at $0.20 per unit and consisted of one common share and one non-transferable common share purchase warrant. Each warrant entitles the holder to purchase one common share for a period of five years at a purchase price of $0.30. If, after January 29, 2012, 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.

Finders’ fees of 7.5% in Units and 7.5% Finder Warrants were issued to eligible finders. Each Finder Warrant entitles the finder to purchase one share for $0.30 during a period of five years and is subject to the same acceleration provisions as the unit warrants.

This private placement is subject to final regulatory approval and all shares issued and any shares issued on exercise of the warrants are subject to restrictions on transfer until January 30, 2012. The proceeds from the private placement will be used to further advance Cornerstone’s exploration programs and continued working capital requirements.

Cornerstone wishes to express its appreciation to all shareholders for their continued support and confidence.

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.

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

Facebook (http://www.facebook.com/cornerstoneresourcesinc)

Twitter (http://twitter.com/Cornerstone_cgp)

YouTube channel (http://www.youtube.com/user/CornerstoneResource)

Flickr (http://www.flickr.com/photos/cornerstoneresources)

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

On Behalf of the Board,

Brooke Macdonald, President

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.

Cautionary Notices:

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.

Interview: H. Brooke Macdonald, President of Cornerstone Resources discusses the latest Company developments.

Dear Shareholder,

This letter will provide you with an update on our key exploration projects inEcuador,ChileandCanada. Recently we have received a number of questions from our shareholders, and company President Brooke Macdonald has provided responses which are provided below.

What is your vision for Cornerstone? 

What I would like to see happen at Cornerstone is the creation of significant value for our

shareholders by advancing exploration at several key properties in our portfolio. Cornerstone’s strategy is to be a prospect generator. We find properties of merit then add value through systematic exploration. Right now we’re focused on a number of highly prospective gold and copper properties inEcuadorandChileand on the Little Deer copper project inNewfoundland.

Tell us about some of these properties. 

I’ll start with our South American properties because these assets probably have the biggest potential impact on the company and its share price.

The most advanced project is Shryi, located in southernEcuadorabout 16 kilometers to the west of Iamgold’s multi-million ounce gold Quimsacocha deposit. The property is optioned to Intrepid Mines of Australia who are spending US $6 million over 5 years on the property to earn a 60% interest. It can choose to go to 80% on specific project areas up to 5,000 hectares each by making a $750,000 private placement in Cornerstone, completing a bankable feasibility study or spending an additional US$20 million, whichever comes first, and making a payment to Cornerstone of up to US$5 million based on the gold equivalent ounces in the mineral reserve.

Intrepid has already spent over US$2.7 million completing a Phase 1 drilling program on the Gama prospect at Shyri. We got some good results from the program in that we seem to have discovered an extensive gold-enriched copper-moly porphyry. Hole 2 intersected 45 metres at 0.71 g/t gold within a broader zone of 101 metres at 0.41 g/t gold, and hole 11 intersected 26 metres at 0.45 g/t gold.

A thorough technical review of the Phase 1 drilling program was completed inEcuadorin late August 2011 by the combined team of Intrepid and Cornerstone geologists and geophysical consultants.

Based on these results, a proposal for Phase 2 work at Gama, including soil geochemical sampling, ground geophysical surveys and drilling on the porphyry and epithermal targets will be presented to Intrepid’s board for consideration in the next few weeks.

Do you think Intrepid’s Board will approve the proposal?

While I can’t speak for them, I can tell you that everyone on our team was very excited about the Phase 1 success and is confident that we will continue on. In the meantime, in addition to continuing work on the Gama soil-sampling and geophysical surveying programs, community consultations have begun at another key target on Shyri, Cañaribamba. We will also shortly begin consultations at a third target, Vetas Grandes, in an effort to have environmental permitting ready to support drilling those targets around the end of Q1 2012.

What else is going on in Ecuador beyond Shyri? 

We had some very good initial results at the newly acquired 100% owned Cascabel property in northernEcuador. We took 179 rock samples and found that most were anomalous in gold, copper and zinc. We also found significant free gold when we panned in most of the streams that run through the property. This is pretty exciting for just a few weeks of work, so we plan to move to a full exploration program in the near future.

What about Chile?

Cornerstone is making great progress there too. In late August we released the first results from our La Fortuna property, where we have an option to earn a 100% interest.

Significant copper and silver assay results were obtained in the northern two-thirds of the property, with seven prospective mineralized zones identified over a large area of approximately 18 km2.

Channel sampling at trench #1 returned 19.5 m at 1.34% copper and 58.0 g/t silver. We’ve completed over 200 line kilometers of ground magnetic surveys and that data is currently being processed and interpreted. We also plan to carry out induced polarization surveys in prospective areas. There are already some obvious drill targets, and with further trenching and integration of magnetic and IP data, new targets will be developed.

Also inChile, we have made application for exploration concessions covering approximately 300 square kilometers in our Miocene project area, located just north of the Maricunga belt that hosts several world-class gold deposits. 

Let’s come back to North America. What’s going on at Little Deer?

Little Deer is the Company’s most advanced asset. Along with our JV partner Thundermin Resources, we have increased the resources at Little Deer to indicated resources totaling 99 million lbs. of copper and inferred resources of 175 million lbs. of copper.

Our belief is that this is a significant resource that has a strong potential to be developed into a new mine. That belief led us to exercise the option recently to acquire 100% of the property from the original vendor.

It’s also the reason that we have invested in an internal scoping study to take an early look at potential mining methods and indicative economics. The results of that internal review are expected in October.

Now that you’re so far along on Little Deer do you see yourselves developing the project into a mine? 

There’s still considerable work to be done before Little Deer heads down the development trail including, of course, the completion of a feasibility study and environmental impact statement. Thundermin can earn up to a 75% interest in the project by completing a bankable feasibility study and arranging for the financing to put Little Deer into commercial production.

Whether Cornerstone and Thundermin ultimately develop the property is an open question. Generally speaking, Cornerstone’s strategy of prospect generation precludes us from going to the development stage. If that were to be the case with Little Deer, we would have a number of options to realize value. For example, we could sell our interest to Thundermin or to a third company that was development focused. Nothing has been decided yet and we remain open to a number of approaches.

So with all the work that’s going on at your various projects why has the share price not performed well lately? 

From a share price perspective, we started 2011 with a real bang. When we first announced that the government ofEcuadorhad granted the exploration license at Gama, our shares zoomed up to the 75-cent range.

Since then we have seen a general market decline in which, unfortunately, most mining stocks have suffered. This is particularly ironic since commodity prices are holding up very well.

We are working hard to implement our strategy. We’ve been able to work on several properties, make a discovery at Gama and have been very active in meeting potential new investors.

When the market turns, companies like Cornerstone who do what they say they are going to do will benefit tremendously from a rising market.

On this theme, were you surprised that the Phase 1 drilling results at Gama didn’t affect the share price very much? 

Yes, in some ways I was. As I said before, general market softness might have been a contributing factor. But I also think that porphyry deposits are not as well understood by investors as they should be.

These deposits generally have lower grades than vein type deposits, however, they are very extensive systems that provide significant near-surface bulk tonnage mineralization.

In addition, they are often poly-metallic. In Gama’s case we think that we may have discovered a very large copper-moly porphyry that is gold-enriched.

Some of the world’s biggest producing mines are on porphyry deposits. 

What is your prediction for commodity prices, particularly gold?

I see no reason for prices to decline much in the near future. Sovereign debt issues are reinforcing gold’s role as a store of value, and emerging market countries likeChinastill seem poised to continue growing which will create demand for base metals like copper, especially in the medium to long term.

Cornerstone plans to continue regular updates to shareholders on its activities and invites investors to contact us with other inquiries at any time.

About Cornerstone 

Cornerstone Capital Resources Inc. is a mineral exploration company based in Mount Pearl, Newfoundlandand 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.

Cautionary Notice: 

Certain statements contained in this letter to shareholders may be considered as forwardlooking. 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.To keep updated on news from Cornerstone please ensure that you are subscribed to our email alerts by updating your profile at http://www.cornerstoneresources.com/s/SendMessage.asp.

We also encourage you to take the time to familiarize yourself with our other projects and our people by visiting our website.

For investor, corporate or media inquiries, please contact:

Investor Relations:
Email: communications@crigold.com
North Americatoll-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
Flickr

Sincerely,

Brooke Macdonald
President

Contact Information

MOUNT PEARL, NEWFOUNDLAND–(Sept. 13, 2011) - Cornerstone Capital Resources Inc. (“Cornerstone”) (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (PINK SHEETS:CTNXF) announced today the results of initial exploration work carried out on its 100%-owned Cascabel project in northern Ecuador. The project 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 50 km² property. Maps showing the geology and exploration results of this program may be viewed at http://www.cornerstoneresources.com/s/Ecuador.asp?ReportID=478495.

Highlights

Assay results for the 179 rock samples (grabs and representative rock chips) collected shows that precious and base metals are anomalous over most of the area:

• 93 samples (52%) are gold anomalous (> 0.1 g/t Au), including 26 samples (14%) > 0.5 g/t Au, maximum 5.93 g/t Au
• 43 samples (24%) are silver anomalous (>5 g/t Ag), including 10 samples (5%) > 30 g/t Ag, maximum 150 g/t Ag
• 144 samples (80%) are copper anomalous (>0.01% Cu), including 36 samples (20%) > 0.1% Cu, maximum 3.23% Cu
• 54 samples (30%) are lead anomalous (> 0.005%), including 15 samples (8%) > 0.05% Pb, maximum 0.32% Pb
• 100 samples (56%) are zinc anomalous (>0.01%), including 30 samples (17%) > 0.1% Zn, maximum 26.50% Zn

Free gold has been identified by panning in most of the streams of the area (49 pan concentrates out of 64 show the presence of gold) with higher amounts of gold grains (10-30) concentrated in the headwaters of the Rio Parambas, Rio Cachaco and Rio Cristal. Some of the streams have not yet been surveyed and/or followed up.

“We are very pleased with these encouraging initial results on the Cascabel project obtained after only a few weeks of field work”, said Brooke Macdonald, Cornerstone’s President. “We are just starting our work programs on this property and already we’re seeing potential for significant porphyry copper and gold mineralization similar to the new porphyry discoveries in neighbouring Colombia”.

Regional geology and mineralization

The Cascabel area is underlain by Upper Cretaceous sedimentary rocks which are overlain by Oligocene to Miocene andesitic flows and breccias. These units are intruded by Miocene age batholiths and stocks of granodiorite and diorite. Major regional structures in the area strike northeast. One such structure, the Apuela regional fault, transects the southeast part of the Cascabel property. Several mineral prospects, part of the same geological belt, have been identified in the Cascabel district: the Chical (Au-Ag) and Rio Amarillo (Au-Ag-Cu) epithermal prospects located 12 km to the northwest and 12 km to the south of the property respectively. Cascabel is located upstream from an extensive alluvial gold district, Playa de Oro, located 50 km to the west. The Junin porphyry copper-molybdenum deposit (undeveloped National Instrument 43-101 compliant inferred resource of 982 Mt @ 0.89% Cu, 0.04% Mo and 1.9 g/t Ag) lies 65 km to the southwest.

Exploration program and results

The primary objective of the initial exploration work was to follow up and find the source(s) of multi-element (gold-copper-lead-zinc) stream sediment anomalies defined in previous surveys (Belgium Mission 1980-1984, British Geological Survey 1998-2000 and a proprietary stream sediment geochemical survey). Most of the current work was focused in the central part (20 km²) of the property. One hundred and seventy nine (179) rock samples (53 floats and 126 outcrops) were collected during the reconnaissance geological mapping (scale 1: 25,000) and prospecting program, and a total of 64 stream sediment samples were collected and pan concentrated to identify the number, size and shape of visible gold grains and other precious metals.

Reconnaissance mapping confirmed that andesitic volcanic rocks and flysch-type sediments are intruded by a diorite porphyry stock which is exposed at lower elevations along the Rio Parambas. Porphyry-style alteration and mineralization is associated with the intrusion, with a central potassic-altered core and peripheral, east-west trending, phyllic-argillic alteration zones up to 4 km long by 0.5 to 1 km wide to the south. The phyllic-argilllic alteration affects the diorite, as well as the volcanic and sedimentary units. A series of northeast and northwest striking conjugate faults were mapped and interpreted from satellite imagery. North-northeast and north-northwest striking secondary structures are also present throughout the area, and appear to control part of the mineralization.

Anomalous gold, silver, copper, lead and zinc are distributed over an extensive area (> 10 km²) in the central part of the property and preliminary information indicates a rough metal zonation. Gold and copper mineralization is associated with the central potassic zone of the diorite porphyry, as well as NE-NNE and NW-NNW trending structures and the phyllic-argillic zones developed within volcanic and sedimentary rock units. Copper is present as disseminated chalcopyrite, covellite and malachite in the porphyry and as higher grade concentrations, associated with the peripheral structural system. Silver, lead and zinc mineralization appears to be peripheral to the central potassic zone, associated with the same NE-NNE and NW-NNW structures. The higher grade precious and base metals assay results (> 1 g/t Au, > 30 g/t Ag, > 1% Cu and/or > 1% Zn) are generally related to sub-metre (0.2 to 1.0 m), NE-NNE and NW-NNW oriented, brecciated massive sulphide veins, silicified zones and quartz veins.

Planned future work includes the completion of prospecting and reconnaissance mapping which will cover the entire property, follow up on the stream sediment anomalies, ridges and spurs soil sampling to define the limits of the mineralized systems and prioritization of target areas to initiate detailed exploration surveys.

Assaying, Quality assurance / Quality control (QA/QC)

Rock samples were delivered by Cornerstone employees to and prepared by the ACME preparation laboratory in Cuenca (ACME code R200-250), and assayed by the ACME-Vancouver laboratory (www.acmelab.com) for gold (ACME code G601, F.A., 30 g.) and multi-elements (ACME code 1DX2, Aqua Regia, ICP-MS finish). All over limits results for precious and base metals were systematically re-assayed (ACME codes G6Gr and 7TD).

ACME is an ISO 9001:2008 qualified assayer that performs and makes available internal assaying controls. Certified blanks and standards are systematically inserted with samples as part of Cornerstone’s QA/QC program.

Qualified Person

Yvan Crepeau, MBa., P.Geo, President of Cornerstone Ecuador S.A. (“CESA”) and a qualified person in accordance with National Instrument 43-101, has reviewed and approved the technical information contained in this new release.

Purchase agreement

During the first quarter of 2011, Cornerstone acquired a 100% interest in Santa Barbara Copper & Gold (“SBCG”) and all its assets in Ecuador, including the Cascabel and La Encrucijada properties, for a cash payment of $20,000 and a 2% Net Smelter Return (“NSR”) royalty on any future mineral production on each property. Cornerstone retains the right to purchase one-half (1%) of the NSR for $1,000,000 within 3 months following completion of a feasibility study, and the remaining one-half (1%) NSR for $3,000,000 within 3 months following a production decision.

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.

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

Facebook (http://www.facebook.com/cornerstoneresourcesinc)

Twitter (http://twitter.com/Cornerstone_cgp)

YouTube channel (http://www.youtube.com/user/CornerstoneResource)

Flickr (http://www.flickr.com/photos/cornerstoneresources)

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

Further information is available on the Cornerstone Web site at www.cornerstoneresources.com; via e-mail atcommunications@crigold.com; or toll free at 1-877-277-8377.

MOUNT PEARL, NEWFOUNDLAND–(Aug. 31, 2011) - Cornerstone Capital Resources Inc. (“Cornerstone”) (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (PINK SHEETS:CTNXF) and 50% joint venture partner Thundermin Resources Inc. (“Thundermin”) (TSX-THR) announce that they have exercised their option to acquire a 100% interest in the Little Deer Copper Deposit (the “Deposit”) and certain adjoining property from Weyburn Investments Limited (“Weyburn”). The Deposit is located approximately 10 km north of Springdale in north-central Newfoundland.

In order to fully exercise the option and acquire a 100% interest in the Deposit and certain adjoining property, Cornerstone will issue 2,351,916 shares and Thundermin will issue 5,075,188 shares to Weyburn. Further details on the terms of the agreement with Weyburn can be found in a news release dated May 1, 2007 and on Cornerstone’s and Thundermin’s respective websites and on SEDAR.

H. Brooke Macdonald, President of Cornerstone said “We are extremely pleased with the continued advancement of the Little Deer project over the past four years, and acquisition of a 100% interest in the deposit, along with our partner Thundermin, represents another significant milestone. Results of an internal scoping review currently being carried out by P&E Mining Consultants Inc. are expected to be received shortly, and will provide management with preliminary information on the economic viability of developing a new copper mine at Little Deer”.

Mineral Resources

On June 22, 2011, Cornerstone and Thundermin reported a National Instrument 43-101 (“NI 43-101″) compliant mineral resource estimate for the Deposit comprising Indicated Resources of 1,911,000 tonnes at an average grade of 2.37% Cu (99.8 million pounds of copper) and Inferred Resources of 3,748,000 tonnes at an average grade of 2.13% Cu (175.9 million pounds of copper). The mineral resource estimate was prepared under the supervision of Mr. Eugene J. Puritch, P. Eng., President of P&E Mining Consultants Inc. of Brampton, Ontario. Mr. Puritch is an independent Qualified Person in accordance with NI 43-101.

Metallurgy

On October 19, 2010, Cornerstone and Thundermin announced excellent metallurgical results from scoping level test work on core samples from the Deposit. This work, which was undertaken at SGS Lakefield Research Limited of Lakefield, Ontario, indicates that a clean, high grade copper concentrate grading over 28% copper with over 97% recovery can be produced from the Deposit.

Little Deer Joint Venture

Under the terms of its joint venture agreement with Cornerstone, Thundermin has the right to increase its interest in the Little Deer property to 75% by completing a feasibility study and by arranging 100% of the necessary bank financing required to place the property into commercial production. Details on the Deposit and the terms of the agreement with Cornerstone can be found in numerous news releases between May 1, 2007 and June 22, 2011 and on Cornerstone’s and Thundermin’s respective websites and on SEDAR.

Project Infrastructure

The Little Deer Copper Deposit is located on a brownfield site and is well situated to take advantage of Newfoundland’s developed infrastructure. The Deposit lies approximately 16 km from the Tran-Canada Highway and is easily accessed by a 10 km network of paved and gravel roads north of Springdale, where there is an available skilled mining workforce. The site is approximately 8 km from a major power substation and there is a plentiful supply of fresh water in the area. The former tailings impoundment facility for the Whalesback Mine, which may be able to be upgraded and used to store additional tailings, is located only 1.2 km north of the Deposit. There is also good access to several deep water ports for any future shipment of copper concentrates. The Duck Pond base metal concentrator, which is owned by Teck Resources Inc., is located approximately 165 km by paved and gravel roads from the Little Deer site, 70 km of which is along the Trans-Canada Highway and 65 km of which is on a secondary paved road.

The recovery of a substantial quantity of archived data has also given Cornerstone and Thundermin a better understanding of the underground infrastructure that exists on the property. This infrastructure dates from 1966 to 1972 and 1972 to 1974 when a portion of the upper part of the Deposit was developed and mined by British Newfoundland Exploration Limited (“BRINEX”) and Green Bay Mining Company (“Green Bay”), respectively. BRINEX accessed the Deposit from the adjoining Whalesback Mine, which is also controlled by Cornerstone and Thundermin, and Green Bay accessed the Deposit via a ramp. Three ventilation raises and substantial lateral development in unmined copper mineralization are known to exist on the property. This existing infrastructure may potentially afford substantial cost savings for access underground for future definition drilling and mining.

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.

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

Facebook (http://www.facebook.com/cornerstoneresourcesinc)

Twitter (http://twitter.com/Cornerstone_cgp)

YouTube channel (http://www.youtube.com/user/CornerstoneResource)

Flickr (http://www.flickr.com/photos/cornerstoneresources)

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

MOUNT PEARL, NEWFOUNDLAND–(Aug. 30, 2011) - Cornerstone Capital Resources Inc. (“Cornerstone”) (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (PINK SHEETS: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 athttp://www.cornerstoneresources.com/s/Chile.asp?ReportID=450379.

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.

* 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.

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

Facebook (http://www.facebook.com/cornerstoneresourcesinc)
Twitter (http://twitter.com/Cornerstone_cgp)
YouTube channel (http://www.youtube.com/user/CornerstoneResource)
Flickr (http://www.flickr.com/photos/cornerstoneresources)
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

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.

Contact Information

Cornerstone Capital Resources Inc.
Investor Relations
North America Toll-Free: 1 (877) 277-8377

Cornerstone Capital Resources Inc.
Martti Kangas
1 (647) 521-9261
communications@crigold.com

Cornerstone Capital Resources Inc.
Paul Benwell / Pat Kairns
1 (514) 904-1333
communications@crigold.com
www.cornerstoneresources.com

MOUNT PEARL, NEWFOUNDLAND–(Aug. 17, 2011) - Cornerstone Capital Resources Inc. (“Cornerstone”) (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (PINK SHEETS:CTNXF) today announced that the Ministry of Environment (ME) of Ecuador has granted the environmental license for Cornerstone’s La Encrucijada gold-silver-copper project located in southern Ecuador (see news releases of February 17, March 29 and June 28, 2011). The environmental license is valid for the 4-year initial exploration phase of the project which covers 8,085 hectares. A reconnaissance field program has recently commenced, which includes geological mapping and prospecting of the entire property, as well as a reassessment of previously defined gold-silver anomalous areas. All project data will be integrated into Cornerstone’s regional database and a mineralization model defined. Results of the initial reconnaissance work will be announced later this fall.

“Previous results from La Encrucijada indicate that the property offers excellent potential for hosting significant epithermal gold-silver and porphyry copper-gold deposits” said Brooke Macdonald, Cornerstone’s President. “The current field program is the first step in advancing the property to a drill-ready stage and a potential joint venture partnership”.

La Encrucijada project

The La Encrucijada project is located in Loja province in southern Ecuador, approximately 70 km south of the city of Cuenca and midway between Cornerstone’s Shyri and Caña Brava properties. The property lies within a northeast trending belt which hosts high-sulphidation epithermal gold-silver systems and associated porphyry systems at depth. It is underlain by flat-lying Tertiary intermediate to felsic volcanic rocks which are locally intruded by diorite plugs. Extensive areas of felsic hydrothermal breccias have been mapped in the central part of the property, and porphyry-style potassic alteration underlies silica-alunite advanced argillic alteration. Anomalous gold (>0.1 g/t Au) and silver (>10 g/t Ag) is widespread throughout the area. Higher grade gold (7 samples >1 g/t Au, up to 5.23 g/t Au) and silver (18 samples >30 g/t Ag, up to 1,110 g/t Ag) is commonly associated with silica alteration and veins, as well as breccias and structures (faults and mylonite zones). Very little work has been carried out on the property. Channel sampling of rock outcrops by previous owners along the Alumbre River, 2 km to the north, returned 110 m averaging 0.67 g/t Au and 1.7 g/t Ag, including a higher grade 45 m-wide section averaging 0.95 g/t Au and 2.4 g/t Ag. A limited soil geochemistry survey (531 samples) has been carried out in the central part of the property. Results define a northwest-striking gold and silver soil anomaly which is more than 1 km in length, and is open to the southeast.

Three concessions (3,125 hectares) located in the central part of the property are optioned from a 3^rd party, with Cornerstone holding the right to earn a 100% interest in return for cash payments of $60,000 per year beginning in year 4 and a final payment of $400,000 to exercise the option. The option agreement had been in effect for 18 months when exploration work was suspended by the Mining Mandate. Cornerstone owns a 100% interest in two additional concessions covering 49.6 km² which surround and are contiguous with these optioned concessions.

A map showing the location of the La Encrucijada project is provided here: (http://www.cornerstoneresources.com/i/maps/Properties_Ecuador_Overview.jpg).

Qualified Person

Yvan Crepeau, M.Ba., P.Geo., President of Cornerstone Ecuador S.A. and a qualified person in accordance with National Instrument 43-101, is responsible for supervising the exploration program at the La Encrucijada project and has reviewed and approved the information contained in this news release.

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.

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

Facebook (http://www.facebook.com/cornerstoneresourcesinc)

Twitter (http://twitter.com/Cornerstone_cgp)

YouTube channel (http://www.youtube.com/user/CornerstoneResource)

Flickr (http://www.flickr.com/photos/cornerstoneresources)

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

MOUNT PEARL, NEWFOUNDLAND–(Aug. 11, 2011) - Cornerstone Capital Resources Inc. (“Cornerstone”) (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (PINK SHEETS:CTNXF) and Intrepid Mines Limited (ASX-IAU)(TSX-IAU) today announced that they have completed and received all assay results for the Phase 1 diamond drilling program on the Gama prospect, located in the northwestern part of the Shyri property in southern Ecuador. Eleven (11) holes totaling 3,153 metres were drilled between March 6^th and July 17^th. Drill progress proved relatively slow owing to the rugged topography and wet conditions encountered during the annual rainy season. Assay results for holes GAD-11-001 to GAD-11-005 were released on May 31, 2011, which highlighted a gold-enriched porphyry intersection grading 0.71 g/t Au over 45 metres in hole GAD-11-002. A summary of assay results for the remaining six holes of the program, holes GAD-11-006 to GAD-11-011 inclusive, is provided below in Table 1.

Highlights:

• Hole GAD-11-011 intersected 26 metres at 0.45 g/t gold within a porphyry environment.

“The Phase 1 scout drilling program at Gama has confirmed the large size of this porphyry – epithermal system, and two holes have encountered broad zones of gold mineralization within the porphyry” said Brooke Macdonald, Cornerstone’s President. “The information generated from this initial drill program will allow us to adjust and refine our target models, and we look forward to planning the next work phase along with our partner Intrepid”.

* The reported intervals are core lengths. At present the true thicknesses are uncertain due to the early stage of drilling.

** Copper reported in parts per million (ppm) except where indicated in %.

“Intrepid is encouraged by these results. The porphyry system contains anomalous copper and, in places, highly anomalous molybdenum, together with local areas of gold enrichment. The assay results will be reviewed in their geological context to establish vectors to better mineralisation” said Malcolm Norris, EGM Exploration and New Business at Intrepid Mines.

Gama Prospect

The Gama prospect is one of three recognized thus far on the Shyri property, and 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 3500 m to 3800 m elevations. Gama is strategically located between the Quimsacocha 3.4 Moz HS epithermal gold deposit 15 km to the east and the Chaucha porphyry copper deposit (216 Mt at 0.4% Cu) 10 km to the west.

Phase 1 Drill Program

As previously announced on March 8^th, 2011, Cornerstone and Intrepid approved an 11 hole, 2,900 metre diamond drilling program designed to test various targets defined on the basis of surface geochemistry (rock and soil samples), detailed geology, magnetics and 3-D interpretation of Induced Polarization (IP) geophysical data. The program is targeting both HS epithermal gold-silver and porphyry copper-molybdenum-gold mineralization over an area measuring approximately 3 km north-south by 2 km east-west. None of the Gama targets have been drill-tested previously.

A map showing the location of targets and drill holes with respect to gold-in-soil anomalies and interpreted faults is provided here:http://cornerstoneresources.com/i/pdf/properties_GAMADDH0811.pdf.

Discussion

Hole GAD-11-006 was drilled to test target “C”, a coincident Ag-Au-Hg-Bi soil anomaly which lies 250-500 m east of a series of north-northwest and north trending structures. Rock outcrops in the target area display advanced argillic and argillic alteration, and include silicified and vuggy hydrothermal breccias which have returned multi-element anomalies and are suggestive of the structural roots of an epithermal lithocap. The soil anomaly is coincident with a weak induced polarization (IP) chargeability shoulder on the flank of a strong IP chargeability anomaly to the west. The drill hole intersected a thick sequence of crystal and lapilli tuffs showing weak argillic alteration from surface to 210 m. A narrow interval from 90.0 to 92.0 m returned anomalous gold grading 0.25 g/t Au over 2.0 m. From 210 m to the bottom of the hole at 244 m, the volcanic sequence is moderately to strongly silicified and contains up to 10% disseminated pyrite but returned no anomalous gold or silver values.

Hole GAD-11-007 targeted the Ermita Breccia, a late hydrothermal breccia that is interpreted to source a flat lying stratabound or stratigraphically-controlled disseminated HS epithermal mineralized zone at depth underneath the plateau. The Ermita breccia is located at the intersection of two regional structures which trend east-northeast and northwest, and which display linear magnetic lows interpreted to represent hydrothermal alteration corridors. A 100 X 120 m multi-element Au-Ag-As-Hg-Cu-Bi soil anomaly is present around the breccia outcrop. The hole intersected a thick pile of flat-lying andesitic and dacitic volcanoclastics and flows which form part of the Plancharumi Formation and the upper part of the Saraguro Group. These rocks show widespread weak argillic and propylitic alteration and traces of syngenetic pyrite, but no significant gold or silver was encountered.

Hole GAD-11-008 was designed to test for stratabound HS epithermal mineralization similar to and approximately 500 m south of GAD-11-007. The IP survey indicates resistivity and chargeability anomalies at depth. This hole intersected similar weakly argillic altered Plancharumi and Saraguro stratigraphy. An unmineralized hydrothermal breccia was intersected between 285 and 292 m. The most altered and mineralized portion of the hole was sampled, but no significant gold or silver values were returned.

Holes GAD-11-009 and GAD-11-010 tested target “B”, representing the outer-upper fringes of a porphyry system characterized by a 2 km wide annular subdued magnetic high cross-cut by a series of north-northwest and northwest trending structures. A 1 km wide and annular Mo-in-soil anomaly is centered on the magnetic feature and is broadly coincident with a 1 km long linear Cu-in-soil anomaly. IP chargeability and resistivity anomalies coincide with the Cu and Mo geochemical anomalies. Hole GAD-11-009 intersected a microdiorite porphyry cross-cut by numerous, metric size (0.3 to 3.0 m), hydrothermal breccias. Advanced argillic alteration is present throughout most of the hole, and potassic alteration is present at depth. Anomalous gold (0.10 to 0.18 g/t Au) was intersected over 2 to 5 m widths. Molybdenum is anomalous (> 100 ppm Mo) over similar intervals with a maximum of 681 ppm Mo over 8 m from 108 to 116 m. Hole GAD-11-010 intersected a similar microdiorite porphyry cross-cut by numerous diorite dykes and hydrothermal breccias which display advanced argillic alteration. Mineralization is present in the form of disseminated pyrite (up to 10% from 0 to 100m), as well as minor molybdenite, covellite and enargite (0.1 to 0.3%). Anomalous molybdenum (12 m averaging 125 ppm Mo from 26 to 38 m) and copper (8 m averaging 0.1% Cu from 128 to 136 m) was encountered.

GAD-11-011 was drilled approximately 200 m north of target B, and was designed to test a strong IP chargeability anomaly within the semi-regional circular magnetic anomaly centred on target B. This hole intersected a microdiorite porphyry which is cross-cut by numerous hydrothermal breccias in the upper 105 m of the hole. The distribution of the alteration patterns (advanced argillic, weak potassic and some sericitic and propylitic at depth) and vein types suggest that the hole is located in the outer fringe of the central potassic zone of the porphyry system. Pyrite is the most common sulphide throughout the hole (up to 6%), and occurs as disseminations and as porphyry “B” and “D” veins.Significant gold mineralization (26 m at 0.45 g/t Au) was intersected in the microdiorite porphyry, associated with a highly fractured (faulted) zone from 144 to 177 m. This intersection shows geological similarities to the previously released 45 m at 0.71 g/t Au and 0.18% Cu intercept in drill hole GAD-11-002.

Between March 6^th and July 17^th, eleven (11) holes totaling 3,153 metres were completed, which allowed for the testing and further understanding of the multiple parts of the large porphyry-epithermal system as well as providing key information on the alteration and mineralization processes.

In late August, Cornerstone and Intrepid geologists will be jointly carrying out a thorough review and interpretation of the Phase 1 results in advance of planning the next work phase.

Logging, sampling and assaying

All holes drilled by Cornerstone are collared using HTW core size (7.1 cm diameter) and then reduced to NTW size (5.6 cm diameter) down the hole. Geotechnical measurements such as core recovery, fracturing, rock quality designations (RQD’s), hardness and photographic logging are performed systematically prior to assaying. The core is logged, magnetic susceptibility measured and key alteration minerals identified using an on-site portable spectrometer. Core is then sawed in half at Cornerstone’s core logging facility in Cuenca, Ecuador. Half of the core is delivered by Cornerstone employees for preparation at Acme Analytical Laboratories (ACME) facility in Cuenca. Core 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). Prepared samples are then shipped to ACME in Vancouver, Canada where samples are assayed for a multi-elements suite (ACME code 1E, 0.25g split, 4-acid digestion, ICP-ES finish). Gold is assayed using a 30 g split, Fire Assay (FA) and AA or ICP-ES finish (ACME code G601).

Quality assurance / Quality control (QA/QC)

The ACME preparation facility in Cuenca was audited by Cornerstone prior to the start of the drilling program and ACME is an ISO 9001:2008 qualified assayer that performs and makes available internal assaying controls. Duplicates, certified blanks and standards are systematically used as part of Cornerstone’s QA/QC program. Rejects, a 100 g pulp for each core sample and the remaining half-core are stored in Cuenca for future use and controls.

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 Gama drilling 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, with a firm commitment of $US 1.0 million in the first year. 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. The company is well funded and commitments from JV partners constitute significant validation of the strength of Cornerstone’s projects.

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

Facebook (http://www.facebook.com/cornerstoneresourcesinc)

Twitter (http://twitter.com/Cornerstone_cgp)

YouTube channel (http://www.youtube.com/user/CornerstoneResource)

Flickr (http://www.flickr.com/photos/cornerstoneresources)

The link to recent CEO audio interviews is: http://www.cornerstoneresources.com/s/Interviews.asp

The link to a recent Corporate presentation with narration is: http://rblcommunications.com/resources/CGP/1/CGPmay2011.html

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

MOUNT PEARL, NEWFOUNDLAND–(Aug. 9, 2011) - Cornerstone Capital Resources Inc. (“Cornerstone”) (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (PINK SHEETS:CTNXF) and 50% joint venture partner Thundermin Resources Inc. (“Thundermin”) (TSX-THR) announce that a National Instrument 43-101 (“NI 43-101″) Technical Report, to support the updated mineral resource estimate for the Little Deer Copper Deposit (“Deposit”) that was announced on June 22, 2011, has been filed on SEDAR and posted on each company’s respective website.

The Technical Report and Mineral Resource Estimate entitled “Technical Report and Resource Estimate Update on the Little Deer Copper Deposit, Newfoundland, Canada, August 5, 2011″ was prepared by Mr. Eugene Puritch, P. Eng., President, P&E Mining Consultants Inc. (“P&E”) and Dr. Wayne Ewert, P. Geo., Vice President, P&E, independent Qualified Persons (“QP’s”) in accordance with NI 43-101.

As reported on June 22, 2011, P&E estimates that the Deposit contains a 66% increase in Indicated Resources of 1,911,000 tonnes at an average grade of 2.37% Cu (99.8 million lbs of copper) and a 61% increase in Inferred Resources of 3,748,000 tonnes at an average grade of 2.13% Cu (175.9 million lbs of copper) (see Table 1).

Brooke Macdonald, President of Cornerstone, said “The updated mineral resource estimate represents a substantial increase, and we are very pleased to have met our goal of establishing five to six million tonnes of potentially economic grade copper mineralization. Results of the internal scoping review, also being carried out by P&E, are expected to be received by mid-August. This study is evaluating a range of potential mining and operating scenarios for the project and will provide management with preliminary information on the economic viability of developing a new copper mine at Little Deer”.

Notes:

1. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
2. The quantity and grade of reported Inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred resources as an Indicated or Measured mineral resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured mineral resource category.
3. The mineral resources in this press release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council.
4. Ordinary Kriging was used for Cu grade interpolation.
5. Grade capping of 15% Cu utilized on composites.
6. A variable bulk density based on numerous field measurements was used for tonnage calculations.
7. A copper price of US$3.42/lb (May 31 2011 24 month trailing average) and an exchange rate of US$0.95=C$1.00 was utilized to derive the 1% Cu cut-off grade. Mining costs were C$40/t, process costs were C$15/t and G&A was C$5/t. Concentrate freight and smelter treatment charges were C$10/t mined. Concentrate mass pull was 7%, process recovery was 97%, smelter payable was 96% and Cu refining was US$0.07/lb.

The Little Deer Copper Deposit is located approximately 10 km north of Springdale in north-central Newfoundland. To date, the Deposit has been outlined to varying degrees of detail over a strike length of approximately 1,050 m and to a vertical depth of approximately 1,000 m. The Deposit remains open to the west and at depth and the potential for discovery of additional mineral resources is believed to be high.

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. 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.

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

Facebook (http://www.facebook.com/cornerstoneresourcesinc)

Twitter (http://twitter.com/Cornerstone_cgp)

YouTube channel (http://www.youtube.com/user/CornerstoneResource)

Flickr (http://www.flickr.com/photos/cornerstoneresources)

The link to a recent Corporate presentation with narration is: http://rblcommunications.com/resources/CGP/1/CGPmay2011.html

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,

H. Brooke Macdonald, President

Cornerstone Capital Resources Inc.
Investor Relations
North America Toll Free:
1 (877) 277-8377

Cornerstone Capital Resources Inc.
Martti Kangas
Investor Relations
1 (647) 521-9261

Cornerstone Capital Resources Inc.
Paul Benwell/Pat Kairns
Investor Relations
1 (514) 904-1333
communications@crigold.com
www.cornerstoneresources.com

MOUNT PEARL, NEWFOUNDLAND–(Aug. 3, 2011) - Cornerstone Capital Resources Inc. (“Cornerstone”) (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (PINK SHEETS:CTNXF) announced today that it has completed a 1,160 metre, 10 hole diamond drilling program on the El Strato gold property in north-central Newfoundland. The program successfully intersected a new gold-bearing breccia zone grading 3.15 g/t Au over a core length of 3.2 m along the southwest portion of the Rocky Bottom trend (see Table 1 and Figure 1 http://www.cornerstoneresources.com/i/pdf/properties_elstrato_map3.pdf for a summary of the results). This new mineralized zone is the widest drill intersection encountered on the property to date and is open in all directions.

Brooke Macdonald, President of Cornerstone, said “The discovery of a new gold-bearing zone grading 3.15 g/t Au over 3.2 m represents the first significantly wide gold intersection to date on the El Strato property, and confirms the potential for mineable widths. We are encouraged by these results and will be planning a follow-up exploration drilling program to further evaluate the extent of the gold mineralization.”

The drilling program primarily tested near-surface anomalies generated by work completed in 2010 that included an Induced Polarization (IP) survey, soil geochemistry survey, prospecting and a follow-up mechanical trenching program. The IP survey identified the DD trend, a 1.25 km long IP chargeability anomaly and the Rocky Bottom trend, a 1.75 km long IP chargeability anomaly. Three holes (ES-11-20 to 22) tested the DD trend along 700 m of its strike length. Holes ES-11-20 & 21 encountered locally weakly anomalous gold values ranging from 5 to 220 ppb Au. Hole ES-11-22, the northernmost hole along the trend, intersected typically weakly anomalous gold values (5 – 112 ppb Au) including a high of 2.23 g/t Au over 0.3 m in mafic volcanic rocks with quartz-carbonate patches. Three holes (ES-11-23 to 25) were drilled along the Rocky Bottom trend and intersected significant gold grades. Hole ES-11-23 intersected 3.15 g/t Au over 3.2 m in a breccia and 14.23 g/t Au and 20.3 g/t Ag over 1.2 m in a narrow quartz vein that was drilled partially down dip. Hole ES-11-24 intersected 2.16 g/t Au over 1.6 m in a shear zone and hole ES-11-25 intersected 3.01 g/t Au over 0.8 m in a quartz-veined shear zone. A more detailed description of the DD and Rocky Bottom trends is provided in a news release dated October 4, 2010.

Hole ES-11-26 tested the Mega Vein, an approximately 8 m wide quartz vein exposed at surface. The hole intersected only weakly anomalous gold including 20 ppb Au over 0.9 m in a quartz vein. Hole ES-11-27 tested the Triple N showing, from which grab samples assayed up to 4.2 g/t Au. The hole intersected 2.28 g/t Au and 8.8 g/t Ag over 0.2 m and 1.16 g/t Au and 11.1 g/t Ag over 0.25 m in narrow zones of quartz veining.

The Arrowhead showing, a >1 m wide sub-cropping mineralized quartz vein that has returned values up to 54.3 g/t Au in grab samples, was tested by holes ES-11-28 and 29. Hole ES-11-28 intersected the Arrowhead quartz vein which returned 143 ppb Au over 0.4 m. Hole ES-11-29, collared 110 m to the southwest of ES-11-28, intersected 7.39 g/t Au over 0.8 m including the Arrowhead quartz vein which assayed 18.7 g/t Au and 8.4 g/t Ag over 0.3 m.

Gold intercepts noted above typically contain variable amounts of sulphide mineralization comprised of pyrite and/or sphalerite and/or galena and/or minor chalcopyrite. See website for additional information regarding the El Strato property (http://www.cornerstoneresources.com/s/Newfoundland.asp?ReportID=136417).

To see Table 1: El Strato Drill Results follow this link:

http://media3.marketwire.com/docs/308cgp.jpg

Qualified Person

Brad Dyke, P.Geo., Project Geologist for Cornerstone, is the Qualified Person in accordance with National Instrument (“NI”) 43-101 responsible for supervising the diamond drilling program on the El Strato property. Mr. Dyke has reviewed and approved the technical contents of this news release. All holes drilled by Cornerstone are BQTK in size. Photographic logging of all drill core was performed systematically prior to assaying. The core is logged and select sections, where appropriate, are sawn in half at a core logging facility in Springdale. Half of the core is submitted for analyses to Eastern Analytical Limited, an independent and qualified assayer located in Springdale, Newfoundland and the remaining half of the core is kept for future reference. Blanks, duplicates and standards are routinely used as part of the assay procedures.

Junior Exploration Assistance Program

Cornerstone would like to acknowledge financial support from the Junior Exploration Assistance (JEA) Program of the Province of Newfoundland and Labrador in carrying out the 2011 diamond drilling program on the El Strato property.

Other News:

Proceeds of $937,500 have been received from the exercise of the Company’s remaining outstanding warrants. On June 24, 2011, the Company gave notice to warrant-holders that it was accelerating the expiry date as per the terms of the warrant agreement and all 4,687,500 warrants were exercised by the warrant-holders.

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.

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

Facebook (http://www.facebook.com/cornerstoneresourcesinc)

Twitter (http://twitter.com/Cornerstone_cgp)

YouTube channel (http://www.youtube.com/user/CornerstoneResource)

Flickr (http://www.flickr.com/photos/cornerstoneresources)

The link to a recent Corporate presentation with narration is:

http://rblcommunications.com/resources/CGP/1/CGPmay2011.html

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

Further information is available on the Cornerstone Web site at www.cornerstoneresources.com; via e-mail atcommunications@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.

Contact Information:

Cornerstone Capital Resources
North America toll-free
Investor Relations
1 (877) 277-8377

Cornerstone Capital Resources
Martti Kangas
Investor Relations
1 (647) 521-9261
communications@crigold.com

Cornerstone Capital Resources
Paul Benwell / Pat Kairns
Investor Relations
1 (514) 904-1333
communications@crigold.com
www.cornerstoneresources.com

MOUNT PEARL, NEWFOUNDLAND–(July 21, 2011) - Cornerstone Capital Resources Inc. (“Cornerstone”) (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (PINK SHEETS:CTNXF) today announced that the Ministry of Environment (ME) of Ecuador has granted the environmental license for Cornerstone’s Cascabel gold-copper project located in northern Ecuador (see news releases of February 17 and March 29, 2011). The license is valid for the 4-year initial exploration phase of the 5,000 hectare concession. A prospecting program has begun, where stream sediment geochemical anomalies are being followed up to locate and characterize the source of the anomalies and to define the geological environment. Results of this first-step reconnaissance work will be announced in the Fall.

Cascabel project

The Cascabel project is located in the Imbabura province in northern Ecuador, approximately 120 km north of Quito. The property comprises a single 50 km² concession which is 100% owned by Cornerstone. The area is underlain by Cretaceous – Tertiary volcanic and sedimentary rocks which are intruded by a granodioritic stock. A well-defined multi-element (gold-copper-lead-zinc) anomaly measuring approximately 10 km² has been identified with associated large areas of silica-sericite-pyrite-clay alteration. Several secondary stream sediment anomalies have also been identified within the property limits. Historic stream sediment samples have returned assay results ranging from trace up to 3.36 g/t Au and 456 ppm Cu. Rock grab samples of floats and outcrops collected by previous owners have returned assay results ranging from trace up to 1.03 g/t Au, 4.4 g/t Ag, 1.90% Cu and 0.71% Zn. Coarse free gold occurs in most streams throughout the property. Recent rock sampling (14 samples) by a previous owner returned anomalous gold (5 samples > 0.1 g/t Au, up to 1.8 g/t Au), silver (2 samples > 15 g/t Ag, up to 80.7 g/t Ag), copper (12 samples > 130 ppm Cu, up to 0.21% Cu) and zinc (8 samples > 130 ppm Zn, up to 1.0% Zn). Cornerstone considers the area to be prospective for both porphyry and skarn-style mineralization.

A map showing the location of the Cascabel project is provided here:

http://www.cornerstoneresources.com/s/Ecuador.asp?ReportID=136195.

Qualified Person

Yvan Crepeau, M.Ba., P.Geo, President of Cornerstone Ecuador S.A. and a qualified person in accordance with National Instrument 43-101, is responsible for supervising the exploration program at the Cascabel project and has reviewed and approved the information contained in this news release.

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.

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

Facebook (http://www.facebook.com/cornerstoneresourcesinc)

Twitter (http://twitter.com/Cornerstone_cgp)

YouTube channel (http://www.youtube.com/user/CornerstoneResource)

Flickr (http://www.flickr.com/photos/cornerstoneresources)

The link to a recent Corporate presentation with narration is:

http://rblcommunications.com/resources/CGP/1/CGPmay2011.html

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

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.

Cornerstone Capital Resources
North America toll-free
Investor Relations
1 (877) 277-8377

Cornerstone Capital Resources
Martti Kangas
Investor Relations
1 (647) 521-9261
communications@crigold.com

Cornerstone Capital Resources
Paul Benwell / Pat Kairns
Investor Relations
1 (514) 904-1333
communications@crigold.com
www.cornerstoneresources.com

MOUNT PEARL, NEWFOUNDLAND–(June 28, 2011) - Cornerstone Capital Resources Inc. (“Cornerstone”) (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (PINK SHEETS:CTNXF) announces that the Ministry of Mines of Ecuador has authorized the immediate restart of operations for the five concessions that comprise Cornerstone’s 100% owned “La Encrucijada” project, located in Loja province in southern Ecuador, approximately 70 km south of the city of Cuenca. La Encrucijada lies within a northeast trending belt which hosts high-sulphidation epithermal gold-silver systems and associated porphyry systems at depth, and is one of two projects (the other being Cascabel, in northern Ecuador) acquired by Cornerstone through the acquisition of Santa Barbara Copper and Gold S.A. (“SBCG”) earlier this year (see news release dated February 17, 2011).

“We are excited to be able to resume work on this highly prospective property, said Brooke Macdonald, Cornerstone’s President. Our objective is to advance La Encrucijada to the drill-ready stage for potential joint venture participation.”

La Encrucijada is underlain by flat-lying Tertiary intermediate to felsic volcanic rocks which are locally intruded by diorite plugs. Extensive areas of felsic hydrothermal breccias have been mapped in the central part of the property, and porphyry-style potassic alteration underlies silica-alunite advanced argillic alteration. Anomalous gold (>0.1 g/t Au) and silver (>10 g/t Ag) in rock samples is widespread throughout the area. Higher grade gold (7 samples >1 g/t Au, up to 5.23 g/t Au) and silver (18 samples >30 g/t Ag, up to 1,110 g/t Ag) is commonly associated with silica alteration and veins, as well as breccias and structures (faults and mylonite zones). Very little work has been carried out on the property. Channel sampling of rock outcrops by SBCG along the Alumbre River, 2 km to the north, returned 110 m averaging 0.67 g/t Au and 1.7 g/t Ag, including a higher grade 45 m-wide section averaging 0.95 g/t Au and 2.4 g/t Ag. A limited soil geochemistry survey (531 samples) has been carried out in the central part of the property. Results define a northwest-striking gold and silver soil anomaly which is more than 1 km in length, and is open to the southeast.

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 La Encrucijada exploration program and has reviewed and approved the information contained in this news release.

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. The company is well funded and commitments from JV partners constitute significant validation of the strength of Cornerstone’s projects.

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

Facebook (http://www.facebook.com/cornerstoneresourcesinc)

Twitter (http://twitter.com/Cornerstone_cgp)

YouTube channel (http://www.youtube.com/user/CornerstoneResource)

Flickr (http://www.flickr.com/photos/cornerstoneresources)

The link to recent CEO audio interviews is:

http://www.cornerstoneresources.com/s/Interviews.asp

The link to a recent Corporate presentation with narration is:

http://rblcommunications.com/resources/CGP/1/CGPmay2011.html

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

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.