Cornerstone Capital Resources Inc

Published : May 20th, 2008

Report on the drilling on the Little Deer Copper project

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Dear Subscriber;

Thursday's report on the drilling on the Little Deer Copper project,
located in the Green Bay mining district in central Newfoundland, was
very positive news. See
http://www.cornerstoneresources.com/s/NewsReleases.asp

When we formed the Little Deer JV, of particular interest was the
potential to outline new copper resources in the area immediately
beneath the old mine workings extending from approximately 250 m to a
minimum of 600 m below surface and extending from L14000 E to L13400 E,
a distance of 600 m. The drilling to date has successfully demonstrated
this potential. We expect results from the ongoing directional drilling
to be available regularly over the next few weeks and months. We are
excited also about the untested targets identified by the geophysical
survey conducted on the property.

For some background information, the Little Deer copper deposit was
discovered in 1952 by Falconbridge Nickel Mines Limited. Copper ore was
mined from the Little Deer deposit during two campaigns in the 1970's.
The first extraction was conducted by British Newfoundland Exploration
Company ("BRINEX") from 1970 to 1972. Access to the deposit was
achieved via a 1,144 m long drift on the 244 m level from the adjacent
Whalesback Mine, which lies north of the Little Deer deposit on Mineral
License 12196M. BRINEX ceased mining operations at Little Deer in 1972
with the closure of the Whalesback Mine. In 1973, Green Bay Mining
Company ("Green Bay") leased the property and mined the Little Deer
deposit via a 329 m decline.
Green Bay ceased mining operations in 1974
due to low copper prices. Reserves at the cessation of mining were
quoted as 210,200 tonnes grading 1.53% Cu above the 245 m level (Kean,
B. F., Evans, D. T. W., and Jenner, G. A., Report 95-2, Department of
Natural Resources, Government of Newfoundland and Labrador, 1995).
These reserves are not NI 43-101 compliant as they are historical in
nature and therefore should not be relied upon. An independent
qualified person has not audited or classified this historical reserve
as current reserves.

An historic exploration program was undertaken on the Little Deer
property from 1998 to 2000 by Mutapa Gold Corp. ("Mutapa"). Their work
consisted of geological mapping, surface and borehole geophysical
surveys and 6,815 metres of diamond drilling. Mutapa's 12 drill holes,
together with other historic BRINEX drill holes, indicate that there is
the potential to outline a significant resource of economic grade
copper mineralization below and along strike from the areas of the
Little Deer deposit that were mined previously.
(see Table 1 and Figure 2:
http://www.cornerstoneresources.com/s/Newfoundland.asp?ReportID=183644)

RECENT NEWS

Recently we've announced a couple of new properties, a Potash property
in NL, and a Uranium property in New Brunswick. See
http://www.cornerstoneresources.com/s/NewsReleases.asp. There are other
potentially significant properties that we are working on that will be
announced in due course. We are also in discussion with potential JV
partners on several of our properties.

On May 14th we announced a $3M non brokered private placement
financing. ( See http://www.cornerstoneresources.com/s/NewsReleases.asp
) We have received a number of expressions of interest by phone and by
email. Any who would like to receive more information on the financing
may do so by contacting our VP Finance, David Lovey's, at
loveys@crigold.com or 1-877-277-8377 or our President & CEO, Colin
McKenzie at mckenzie@crigold.com or 1-877-277-8377.

OTHER

The enthusiasm that was generated over our Shyri project in Ecuador
reflects the perception that CGP had indeed discovered a potentially
significant project in Ecuador. That project is just one of several
that we had generated, some not yet publicly announced. While things
are still unclear as to the outcome of the mining mandate and the new
mining law we are hopeful that we will be able to recommence
exploration on our various projects of merit there.

It is still a waiting game in Ecuador but during the moratorium we have
stepped up ongoing efforts to identify / acquire projects of merit in
other areas of South America. With the co-operation of our joint
venture partners in Ecuador we have maintained our key personnel and
ensured that our operational platform there is ready to go when
conditions are right. In the meantime we are hopeful that during this
period we will be able to use our Ecuador base to launch new projects
of merit in other jurisdictions.

JV MODEL

Our website states: "Cornerstone Capital Resources Inc. has a strong
and dedicated technical team who are focused on generating new projects
that have great potential for discovery. Cornerstone leverages its own
exploration funding through joint venture and strategic partnerships,
providing shareholders with potential for success at lower risk.
Cornerstone has a diversified portfolio of gold, silver, copper,
nickel, VMS, and uranium properties in Canada and Ecuador."

There is quite a difference between a mining company and an exploration
company. As an explorer, Cornerstone looks to mining companies to earn
into our projects by funding the early stage exploration and then, if
such work is successful, by taking over management of the project to
apply its technical skills, human resources and financial strengths to
move the project through to production. Cornerstone will continue to
focus on project generation, following the JV model. While we look
forward to the day when Cornerstone will be an equity participant in
one or several mines, we do not foresee at this time Cornerstone
becoming a mine operator. We would leave that responsibility to our
partners who have all the necessary technical, human and financial
abilities to advance a discovery through to mine production.

Using OPM (other partner's money) to explore mitigates the significant
downside risks and allows us to share in potential rewards that come
with discoveries that are developed into mines. Significantly, most of
our projects are in politically stable, mining friendly jurisdictions.
We are active in four distinctly different regions; Labrador, the
Island of Newfoundland, New Brunswick and Ecuador and are working to
develop projects in a fifth region. We are building project portfolios
in each of these high potential regions and we encourage investors and
shareholders to take a closer look at them.

Best regards.
Glen

Glen H. McKay, Chairman
Cornerstone Capital Resources Inc.
Excellence in Mineral Exploration
"People, Process, Projects"
TSXV - "CGP" / OTC - "CTNXF"
F - "GWN" / B - "GWN"
Email: ghmckay@crigold.com
Skype: glenmckay
www.cornerstoneresources.com
Toll Free 1-877-277-8377
Fax 1-709-747-1183

======================================================================
Copyright (c) 2008 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 Tue May 20, 2008 at 4:00:00 AM Pacific Time
======================================================================
.

Cornerstone Capital Resources Inc

DEVELOPMENT STAGE
CODE : CGP.V
ISIN : CA21922J2083
CUSIP : 21922J208
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Cornerstone is a exploration company based in Canada.

Cornerstone develops uranium in Canada, and holds various exploration projects in Canada, in Chile and in Ecuador.

Its main asset in development is AILLIK in Canada and its main exploration properties are CHALEUR, ANAKTALIK, AUCOIN, LABRADOR TROUGH, VOISEY'S BAY PROPERTY, DEER LAKE PROJECT, DORCHESTER, GOSHEN, EL STRATO, LONG LAKE, NOTAKWANON LAKE, TRUE GRIT, CAPE RAY, COLCHESTER, CODROY PROJECT, LONG HARBOUR, OKAK, GARLAND, KAUK, KONRAD, NOEL PAUL'S BROOK, BOBBY'S POND, LITTLE DEER, CONEY ARM and INDIAN ARM in Canada, MACARA, BELLA MARIA, MONTERREY and SIERRAMIN in Ecuador and LA FORTUNA CHILE in Chile.

Cornerstone is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 1.3 billions as of today (US$ 1.1 billions, € 944.2 millions).

Its stock quote reached its lowest recent point on March 04, 2016 at CA$ 0.02, and its highest recent level on September 18, 2020 at CA$ 6.53.

Cornerstone has 299 560 000 shares outstanding.

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5/19/2010Options New Brunswick REE property
5/18/2010Corporate Update
5/17/201010-09 - Cornerstone reports significant progress on Ecuador ...
5/3/2010Intersect 4.6% Cu over 5.9 metres, including 14.5% copper ov...
4/16/2010Corporate Update
3/30/201010-05 - Cornerstone announces Phase II of Macar=E1 Strategic...
2/16/201010-03 - Cornerstone options Labrador rare metals and REE pro...
11/17/200909-26 - Cornerstone engages Investor Relations consultant
11/5/200909-24 - Ecuador Mining Regulations signed into law
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10/14/200909-21 - Cornerstone acquires new Lithium and Rare Metals pro...
9/29/200909-20 - Cornerstone acquires new Rare Metals and REE propert...
6/9/2009Corporate Update
6/4/200909-12 - Cornerstone to resume work on Macar=E1 project=2CEcu...
5/26/200909-11 - Cornerstone update on recommencement of work in Ecua...
3/3/200909-04 - Cornerstone updates mining law in Ecuador
2/27/2009Corporate Update
1/15/2009Cornerstone Update
1/13/2009 New Mining Law Approved in Ecuador
11/21/2008Cornerstone Update
9/30/2008approves new constitution, clears way for new mining law
9/25/2008Cornerstone Update
8/11/2008Monthly Update - Monday, August 11, 2008
7/14/2008personnel change
6/19/2008Update on Little Deer
6/11/2008and Altius form alliance to explore for copper in the Labrad...
5/22/2008adds claims in the Bay St. George evaporite basin
5/20/2008Report on the drilling on the Little Deer Copper project
5/7/2008acquires new uranium property
4/29/2008acquires property with potash potential
4/25/2008Participates in Industry- Canadian Government Meeting With E...
4/23/2008 Evaluates Impact of Mining Mandate in Ecuador
4/23/2008 Update
2/12/2008 and Newmont Sign Definitive Agreement on Ecuador Strategic ...
2/4/2008John C. Crosbie resigns from Cornerstone's Board. Mr. Crosb...
1/10/2008Monthly review
12/6/2007 Monthly Review
11/8/2007 Monthly Review
10/22/2007and Newmont to Explore Southern Ecuador
10/17/2007La Plata Update
10/16/2007provides update on the La Plata VMS project, Ecuador
10/11/2007September Update
9/10/2007August Update
8/29/2007partners with Phelps Dodge Corporation of Canada, Limited to...
8/3/2007July Update
7/26/2007announces 4.7% Zinc intercept in drilling by Mountain Lake R...
7/10/2007 and Thundermin Commence Drill Program on the Little Deer Co...
6/11/2007 May update - the Drills start turning
6/7/2007(Shyri)Provides update on geophysics at GAMA, Shyri project, southe...
5/15/2007Signs JV Agreement and Commences Drill Program on Cornerston...
5/7/2007plans to drill 26,000 metres on five projects in Canada and ...
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TSX-V (CGP.V)Other OTC (CTNXF)
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20180.00%0.390.14
 
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Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.06-0.42%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 5.55-1.60%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.72-0.96%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.08+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 1.94-3.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 8.36-0.12%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.18+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.34+7.81%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.53+2.43%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 63.50-1.17%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :