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Re:   News - Monday, October 04, 2010
      10-20 - Cornerstone reports trenching results on the El Strato
      gold property in Newfoundland
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Mount Pearl, NL, Canada:   Cornerstone Capital Resources Inc.
(TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) reports that it has recently
completed a 575 metre mechanical trenching program on the El Strato
gold property located in north-central Newfoundland. Results include
the identification of a new 55 m wide iron carbonate alteration zone
with quartz veining, channel sample assays up to 0.6 g/t Au over 4.0 m
and grab sample assays up to 23.6 g/t Au.

The El Strato gold property lies immediately east of the Baie Verte
Line, a major regional tectonic suture and a classic environment for
orogenic gold deposits such as those of the Mother Lode gold district
of California. The property hosts several high-grade gold occurrences
in outcrop as well as abundant large (> 1 m in diameter) unsourced
mineralized quartz boulders. These occurrences have returned assay
results ranging from 5 ppb Au to 155.7 g/t Au in grab samples, 17.5 g/t
Au over 0.55 m in channel samples and 10.6 g/t Au over 1.13 m in drill
core. Also, there are numerous gold-in-soil anomalies (15 ppb Au to 2.5
g/t Au) which are commonly coincident with Induced Polarization (IP)
chargeability anomalies with strike lengths of up to 1.75 km.

Trenching Results and Diamond Drilling Plans

During July and August 2010, a mechanical trenching program was
completed to test selected coincident IP chargeability and gold-in-soil
anomalies generated from the previous winter's surveys (see news
release dated June 22, 2010). A total of 8 trenches, ranging in length
from 20 to 90 m, were excavated for a total of 575 m of trenching,
resulting in approximately 50% bedrock exposure.

Highlights include a 55 m wide zone of iron carbonate alteration and
quartz veining. The intensity of the iron carbonate alteration is
variable but predominantly strong, and quartz veins are typically
narrow (<1 cm to max. 40 cm), show multiple orientations and contain
traces of pyrite, chalcopyrite and galena. Assay results for this
alteration zone are locally weakly anomalous in gold with channel
samples assaying up to 0.3 g/t Au over 1.0 m and grab samples assaying
from 5 ppb Au to 1.4 g/t Au. This alteration zone sits at the
southwestern end of the 1.25 km long DD IP trend, which is
characterized by high chargeability and high resistivity. The newly
discovered alteration zone demonstrates the potential for economically
significant widths and is also located up ice from the Voodoo quartz
boulders which assayed from 0.4 to 105.2 g/t Au in grab samples. The
alteration zone remains open to the east and is in contact with an
unaltered conglomerate unit to the west. Two additional trenches were
excavated along strike to the northeast, but trenching was hampered by
thick overburden and swampy ground conditions with limited bedrock
exposure.

Other significant results from the trenching program include sampling
from the Rocky Bottom IP trend, a 1.75 km long IP anomaly which
returned a channel sample assay of 0.6 g/t Au over 4.0 m from a shear
zone and a grab sample assay of 23.6 g/t Au from a 3 cm wide boudinaged
mineralized quartz vein. Additional trenching and sampling of other
coincident gold-in-soil and IP chargeability anomalies returned grab
sample assays ranging from 5 ppb Au to 10.0 g/t Au from narrow
centimeter wide mineralized quartz veins.

A fall prospecting program is planned to follow up on several
coincident IP and gold-in-soil anomalies that have not yet been ground
checked. The planned 1,000 m diamond drilling program has been deferred
until early winter 2011 in order to allow easier access and the ability
to drill from setups that would not otherwise be available prior to
freeze-up. Currently drilling is planned to test the 55 m wide
alteration zone on the DD IP trend and other IP anomalies along strike,
the Arrowhead gold showing which is a >1 m wide subcropping mineralized
quartz vein that has returned from 14 ppb Au to 54.3 g/t Au in grab
samples, as well as other targets as warranted. Final drill hole
locations will be selected later this fall following receipt of the
prospecting results.

Rock samples were prepared and analyzed at Eastern Analytical Ltd., an
independent and qualified analytical laboratory located in Springdale,
Newfoundland. Gold was determined by fire assay and a suite of 30
additional elements by Inductively Coupled Plasma Spectrometry (ICP). A
control standard and blank were inserted with each batch of 20 samples
to ensure quality control.

Cornerstone would like to acknowledge the financial assistance received
from the Government of Newfoundland and Labrador under the Junior
Exploration Assistance ("JEA") program. This funding aided Cornerstone
in carrying out a portion of the exploration work on the El Strato
property.

This press release was prepared by Brad Dyke, P.Geo., Project Geologist
for Cornerstone who is responsible for overseeing the exploration work
and is a Qualified Person in accordance with National Instrument
43-101.

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 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.

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

Martti Kangas,
Investor Relations
North America toll-free: 1 (877) 277-8377
Direct Line: 1 (647) 521-9261
Email: communications@crigold.com

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 except where outcomes have varied materially from the original
statements.

On Behalf of the Board,
Glen H. McKay
President & 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.

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Copyright (c) 2010 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 Mon Oct 4, 2010 at 2:15:00 PM Pacific Time
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