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Re:   News - Monday, May 17, 2010
      10-09 - Cornerstone reports significant progress on Ecuador
      permits
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Mount Pearl, NL, Canada:   Cornerstone Capital Resources Inc.
(TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) reports that it has been issued
a number of key permits needed to re-start exploration activities in
Ecuador.  During the first two weeks of May, Cornerstone received new
titles under the January 2009 mining law to 13 of its mineral
concessions including the 10 Shyri properties under option to Intrepid
Mines Ltd. (see news release October 29, 2009). 

Also issued by the Ecuador Ministry of Environment during this period
were the approval of the Environmental Management Plan for the Gama
property, part of the Shyri project, and a water permit for drilling at
Gama.  Cornerstone representatives are meeting with the regulators this
week to determine any final steps required to initiate exploration work
and will provide updates of further developments.  While the permitting
process has been a lengthy one under an array of new laws and
regulations in Ecuador, the company is encouraged that it is
progressing within the current legal framework and expects to have its
final permissions in the near future.

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 and Ecuador 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.

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

Martti Kangas,
Investor Relations
North America toll-free: 1 (877) 277-8377
Direct Line: 1 (647) 521-9261
Email: communications@crigold.com

Cautionary Notice:
Certain statements contained in this press release may be considered as
forward-looking.  Such forward-looking statements are subject to risks
and uncertainties that could cause actual results to differ materially
from estimated or implied results. While Cornerstone anticipates that
subsequent events may cause its views to change, it expressly disclaims
any obligation to update the Forward-Looking Statements contained
herein except where outcomes have varied materially from the original
statements.

On Behalf of the Board,
Colin B. McKenzie
President & CEO

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.

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Copyright (c) 2010 CORNERSTONE CAPITAL RESOURCES INC. (CGP)  All rights
reserved.  For more information visit our website at
http://www.cornerstoneresources.com/ or send
mailto:info@cornerstoneresources.com
Message sent on Mon May 17, 2010 at 5:15:00 AM Pacific Time
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