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Re:   News - Thursday, January 24, 2013
      13-02 - Cornerstone reports 46 m at 0.81 g/t Gold and 0.59%
      Copper in channel sampling of outcropping porphyry mineralization
      at the Cascabel Project, Ecuador
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Mount Pearl, NL, Canada: Cornerstone Capital Resources Inc.
("Cornerstone") (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) today announced
that channel sampling at the Alpala Prospect within the Cascabel
Project in Ecuador has returned highly encouraging gold and copper
assays and confirmed the presence of a significant gold-copper porphyry
system. The 5,000 hectare Cascabel Project is optioned to SolGold Plc
(AIM code: SOLG), which is earning a 65% initial interest in the
Project by spending $7.8 million over 4 years. SolGold is directing the
exploration program and Cornerstone is implementing the program.

Channel sampling was undertaken across an outcropping window of the
gold-copper porphyry system which is exposed along Alpala Creek. The
mineralized dacite porphyry intrusive exhibits stockwork and sheeted
quartz veins containing copper sulphides comprising chalcopyrite,
bornite and chalcocite (see Figure 2 at
http://www.cornerstoneresources.com/i/pdf/NR13-02Cascabel.pdf). The
outcropping zone is covered by scree and vegetation at both ends and so
mineralization is open.

Highlights:
- 45.63 m at 0.81 g/t gold and 0.59% copper in channel TR46
- Last 2 m sample at northern end contains 0.15 g/t gold and 0.4%
copper
- Last 2 m sample at southern end contains 0.53 g/t gold and 0.48%
copper
- Peak 1 m interval returned a gold assay of 6.89 g/t, and a copper
assay of 1.7%
- Average grade of 0.66 g/t gold and 0.56% copper with the peak
intersection removed -- this underscores the potential for a bulk
mineralized porphyry system

A nearby channel (TR49) also returned 22 m at 0.16 g/t gold and 0.3%
copper, and another (TR47) returned 5.48 m at 0.75 g/t gold (see Figure
1 in link above and Table 1 below for complete results).

The Alpala Prospect is located within the T1 target which has been
identified on the basis of geological and alteration mapping, a
compelling magnetic signature and coincidence with strong surface
geochemistry (copper, gold and molybdenum). The T1 target is roughly
circular with a diameter of 2 km signature (refer to News Release on
December 20, 2012).

Stockwork veining has been observed in reconnaissance exploration in
the general Alpala area up to 200 m away from the current area of
channel sampling. Ongoing exploration will focus on mapping and
sampling of these other areas where the porphyry system is exposed.

Table 1. Assay results for 6 channel sampling areas at the Alpala
Prospect.

Channel No.   Width (m)   Gold (g/t)   Copper (%)
TR46            45.63        0.81         0.59
TR47             5.48        0.75         0.06
TR48            13.22        0.06         0.08
TR49            22.39        0.16         0.30
TR50             9.98        0.10         0.04
TR51            24.13        0.04         0.03
 
Brooke Macdonald, President of Cornerstone, said "The latest channel
sampling results are very encouraging and point to a large outcropping
mineralized gold-copper porphyry system. The target areas have received
only cursory previous exploration and have never been drilled-tested.
We are continuing to work through the permitting process required for
drilling, which we expect to begin during the second quarter".

Other Project Activities
The initial phase of follow-up soil sampling has been completed with
total coverage of approximately 20 km2. Targeted areas have now been
sampled on a 100 m x 100 m grid. Assay results are expected in early
February.

The final data for the helicopter-borne magnetic and radiometric survey
has been received and processed. Further modelling and targeting is
underway, and areas for 3-D modelling have been identified.

The permitting process in the lead up to drilling is progressing well.
There is good community support and aspects of the water permitting and
drilling Environmental Impact Assessment (EIA) are tracking as planned.
It is still expected that drilling will commence in early Q2.

Assaying, Quality Assurance/Quality Control (QAQC)
Samples were delivered in sealed bags by Cornerstone employees to the
ACME preparation laboratory in Cuenca. Rock samples are prepared (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 1E, 4 Acid digestion ICP-ES finish). All over
limits results for precious and base metals were systematically
re-assayed (ACME codes G6Gr and 7TD). Stream sediment samples are
prepared (ACME code SS80) and assayed for gold (ACME code G601, F.A.,
30 g) and multi-elements (ACME code 1EX, 4 acid digestion, ICP-MS
finish).

ACME is an ISO 9001:2008 qualified assayer that performs and makes
available internal assaying controls. Certified blanks and standards
are systematically inserted every 25 samples as part of Cornerstone's
QA/QC program.

Qualified Person:
Yvan Crepeau, M.Ba., P.Geo., General Manager 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 Canada, Ecuador and Chile, and a
strong technical team that has proven its ability to identify, acquire
and advance properties of merit. The company's business model is based
on generating exploration projects whose subsequent development is
funded primarily through joint venture partnerships. Commitments from
JV partners constitute significant validation of the strength of
Cornerstone's projects.

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

Investor Relations:
Email: ir@cornerstoneresources.ca
North America toll-free: 1 (877) 277-8377

The link to a recent Corporate presentation is:
http://www.cornerstoneresources.com/i/pdf/Presentations_0412_CRICorporate.pdf
Investors can also access Cornerstone on Twitter

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

On Behalf of the Board,
Brooke Macdonald
President and CEO

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

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Copyright (c) 2013 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 Thu Jan 24, 2013 at 5:15:00 AM Pacific Time


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