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Re:   News - Wednesday, August 12, 2009
      09-16 - Cornerstone completes sale of La Plata interest
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Mount Pearl, NL, Canada:  Cornerstone Capital Resources Inc. (TSXV-CGP)
(F-GWN) (B-GWN) (OTC-CTNXF) announces that the company has closed the
sale of its interests in the La Plata property to Sultana Del Condor
Minera, SA (Sultana), a privately held Ecuadorian mining company, for
$US 500,000.   On April 28, 2009, the Company announced it had signed a
non-binding letter of intent to sell the property for $US 675,000
payable in three installments over 18 months, however, during
subsequent negotiations both parties agreed to the new purchase price,
to be paid on closing, which also included amounts owed to Sultana for
expenditures and fees incurred to maintain the La Plata property.

Cornerstone's subsidiary, La Plata Minerales, acquired an option to
earn a 70% working interest in the La Plata property from Sultana in
2005 pursuant to a schedule of exploration expenditures and advance
royalty payments.  While La Plata Minerales maintained its rights with
respect to the property up to December, 2007, further exploration work
on the project has been under suspension following the issuance of the
Mining Mandate in April, 2008.

Cornerstone divested of the non-core La Plata property in order to
focus efforts in Ecuador on its wholly-owned gold properties, including
Shyri, Bella Maria and Monterrey.

About Cornerstone
Cornerstone Capital Resources Inc. is a mineral exploration company
based in Mount Pearl, Newfoundland & 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. 

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.

On Behalf of the Board,
Colin B. McKenzie
President & 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) 2009 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 Wed Aug 12, 2009 at 9:30:00 AM Pacific Time
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