=======================================================================
      11-33 - Intrepid approves Phase 2 drilling at Gama prospect in
      Ecuador
=======================================================================

Mount Pearl, NL, Canada: Cornerstone Capital Resources Inc.
("Cornerstone") (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) 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 Ca�aribamba 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 at
http://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. 

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

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