=======================================================================
Re:   News - Friday, May 13, 2016
      16-10 - Cornerstone Announces Completion of $4.5 Million
      Financing
=======================================================================

Ottawa, ON, Canada: Cornerstone Capital Resources Inc. ("Cornerstone"
or "the Company") (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) announces
completion of its non brokered private placement announced on April 7,
2016.

The financing consisted of the issuance of 90,000,000 units ("Units")
at $0.05 per Unit for proceeds of $4.5 million. Each Unit consisted of
one common share of the Company and one non-transferable share purchase
warrant (a "Warrant"). Each Warrant entitles the holder to acquire one
common share of the Company at a price of $0.10 until May 12, 2021. All
shares issued and any shares issued on exercise of the warrants are
subject to restrictions on transfer until September 13, 2016

Maxit Capital LP ("Maxit") acted as a finder in the private placement
in respect of 41,000,000 Units. An Affiliate of Sprott Inc. ("Sprott")
also acted as a finder in the private placement in respect of
14,685,519 Units. Finders' fees consisted of $58,742 paid to Sprott and
3,280,000 Units issued to Maxit. Additionally, Maxit received 3,280,000
finders' warrants and Sprott received 1,174,842 finders' warrants, each
finder warrant entitling the holder to purchase one common share of the
Company at a price of $0.05 until May 12, 2018.

A total of 34,314,481 Units were subscribed by current shareholders of
the Company, management and directors.

This private placement is subject to final regulatory approval.

The proceeds from the private placement will be used to further advance
Cornerstone's exploration work in Ecuador and Chile as well as general
working capital.

About Cornerstone:

Cornerstone Capital Resources Inc. is a mineral exploration company
with a diversified portfolio of projects in Ecuador and Chile, and a
proven 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
partnerships.

Further information is available on Cornerstone's website:
www.cornerstoneresources.com and on Twitter. For investor, corporate or
media inquiries, please contact:
Investor Relations:
Email: ir@cornerstoneresources.ca; Tel. (613) 421-6923

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 or as
required by applicable law.

On Behalf of the Board,
Brooke Macdonald
President and CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.

The securities referred to in this news release have not been and will
not be registered under the United States Securities Act of 1933 (the
"U.S. Securities Act") or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons (as defined
in the U.S. Securities Act) unless registered under the U.S. Securities
Act and applicable state securities laws, or an exemption from such
registration is available.

=======================================================================
This message is personalized to you at .com. 
Please do not forward this email.
 
Sent by Cornerstone Capital Resources Inc
26 Kyle Avenue, Mount Pearl, Newfoundland and Labrador, Canada A1N 4R5
 
Sent using QwikBroadcast(tm) system from Adnet Communications
#401 - 510 West Hastings St, Vancouver BC  V6B 1L8, Canada

Report abuse:  abuse@adnetinc.com
 
To unsubscribe, visit:

www.qwikbroadcast.com/optout/7FD40C5E-5E06-4E6F-B9B5-7127AA30B6F8
=======================================================================
.