On January 13th we reported on the approval of the new mining law by
the Ecuadorian congress.  The law was subsequently officially enacted
on January 29th which now clears the way for "normalization" of
exploration and mining activities in the country.  It is not however
the final piece of the puzzle.  That point was made to President Correa
during a meeting with Canadian companies and Embassy officials on
February 16th.  Participants in the meeting described the President's
response as "positive" and he offered remedies to fast track the
resumption of work.  The meeting was followed by remarks to the media
by President Correa in which he called for broadened business contacts
with Canada and singled out the Canadian mining industry as having
among the best environmental and social records in the sector.

To further the promotion of mining investment in Ecuador, the Canadian
Embassy has also organized a forum entitled "The future of Mining in
Ecuador" at the PDAC convention in Toronto. The event will be held at
the InterContinental Centre on March 2, 2009.  Presentations will be
made by the Canadian Ambassador to Ecuador,  Vice Ministers of the
Ministry of Mines and Petroleum of Ecuador, the Council of Canadian
Responsible Mining in Ecuador, the Mining Chamber of Ecuador as well as
representatives of Canadian mining companies with operations in
Ecuador.

Cornerstone will participate in the Ecuador forum as well as host a
booth during the four days of the convention. We invite our investors
to visit us at Booth 2723 in the South Building of the Toronto
Convention Centre.

Little Deer Copper
Cornerstone and partner Thundermin announced the final results of the
2008 drill program this week as well as the results of some detective
work on the old mining files from the Brinex Whalesback copper mine
which operated on the present day Little Deer property during the
1960's to early 1970's.

The last two holes expanded the region of known copper mineralization
with a best result in LD-08-16 of 3.4 m grading 4.0% Cu.  This
intersection is the deepest to date on the property and underscores
that the high grade Little Deer mineralization remains open and
untested both at depth and to the west.  As we noted in the news
release, "The copper mineralization on the Little Deer property has now
been intersected over a strike length of approximately 1,050 m and to a
vertical depth of approximately 800 m."

Results from underground drilling in the 1960's are also encouraging
and suggest that not only is the high grade mineralization reasonably
continuous but also that there is potential for finding more adjacent
to these relatively shallow levels of the deposit.  There were some
truly spectacular results from this old drilling; e.g.

8-146   5.3% Cu over 7.6 m
8-150   7.0% Cu over 3.7 m
8-171  10.0% Cu over 6.7 m
8-175   7.0% Cu over 3.7 m

This bodes well for the potential of identifying other high grade areas
within the deposit through more closely-spaced drilling.

Cornerstone and Thundermin will proceed with a new phase of drilling to
test the extension of the deposit at shallow to moderate depths, gain
further information in the thickest part of the deposit around the 74 m
wide intersection of 2.2% Cu in LD-98-07D and test the deeper westward
continuation of mineralization. 

Gold
Cornerstone has a large portfolio of gold properties in Newfoundland
including the Cape Ray, El Strato, Colchester, True Grit and Burin
properties.  The Cape Ray property has a historical resource (non NI
43-101 compliant) of 266,000 tonnes of 10.6 g/t Au (the 51 Zone) in
addition to exploration potential for porphyry style gold
mineralization within the Windowglass Hill granite.  The other
properties also host significant gold surface showings and drill
intersections but no defined mineral resources at present.  We are
actively seeking partners for the various properties as well as
reviewing our existing databases to identify the best targets that can
be tested and upgraded inexpensively.  The current strength and outlook
for the gold market indicate there are growing opportunities for
quality gold projects.

Best regards.   
Colin

Colin B McKenzie, President & CEO
Cornerstone Capital Resources Inc.
Excellence in Mineral Exploration
"People, Process, Projects"
TSXV - "CGP" / OTC - "CTNXF"
F - "GWN" / B - "GWN"
Email: mckenzie@crigold.com 
www.cornerstoneresources.com
Toll Free 1-877-277-8377
Fax 1-709-747-1183

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reserved.  For more information visit our website at
http://www.cornerstoneresources.com/ or send
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Message sent on Fri Feb 27, 2009 at 5:30:00 AM Pacific Time
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