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Re:   News - Thursday, November 08, 2012
      12-23 - Cornerstone Announces Completion of Airborne Geophysical
      Survey and Provides Update on the Cascabel Gold-Copper Porphyry
      Project, Ecuador
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Mount Pearl, NL, Canada: Cornerstone Capital Resources Inc.
("Cornerstone") (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) is pleased to
provide an update on exploration activities on the Cascabel gold-copper
porphyry project located in northern Ecuador. The 5,000 hectare
Cascabel Project is optioned to SolGold Plc ("SolGold") (AIM code:
SOLG), which is earning a 65% initial interest in the Project by
spending $7.8 million over 4 years, and may earn up to 85% by
satisfying certain other conditions (see news releases dated April 10,
July 24 and September 17, 2012). SolGold is directing the exploration
program and Cornerstone is implementing the program.

Exploration has progressed with the completion of a high resolution
helicopter-borne (heli-) magnetic and radiometric survey, and
significant progress made towards completion of a 200 metre (m) x 100 m
grid-based soil sampling program. Channel sampling in previously
identified outcropping mineralized areas and field mapping continue to
progress.

Highlights:

.. 1 kilometre (km) long coincident gold-copper-molybdenum soil anomaly
defined in the northwest portion of the sampling area in an area of
potassic alteration
.. Several other coincident gold-copper soil anomalies yet to be fully
defined
.. Preliminary data from the heli-magnetic survey define a potential
buried intrusive domain, with a subdued magnetic response corresponding
to areas of mapped clay alteration
.. 2 clear porphyry target domains have been defined from the magnetic
survey
.. Magnetic, radiometric, soil, and geological data are now being
further processed and integrated to define and prioritize all target
domains
.. Key components of the gold-copper porphyry target model have been
recognized
.. Data now being further processed, interpreted and integrated to
define drill targets

Current activities:

.. Ongoing soil sampling on a 200 m x 100 m grid to extend the survey
coverage
.. Additional assay results from further soil sampling expected in late
November
.. Commencement of 100 m x 100 m follow-up soil sampling in areas of
defined anomalies
.. Ongoing processing of preliminary heli-magnetic and radiometric data,
and receipt of final data for detailed 3-D inversion modeling
.. Spectral analysis of soil samples to build alteration maps
.. Community engagement and explanation of exploration program

Brooke Macdonald, President of Cornerstone, said "We continue to be
encouraged with early exploration results at the Cascabel project which
shows indications of a large mineralized porphyry system. Integration
of the new airborne geophysical data with geological and geochemical
data collected from our ground surveys should help define high quality
drill targets. To that end we are continuing to work closely with local
communities and the Ecuadoran government in order that permits required
for drilling can be issued in a timely manner."

Airborne Geophysical Survey

The detailed helicopter-supported magnetic and radiometric survey over
the Cascabel concession has been completed and preliminary data
received from Geophysics GPR International Inc. The data has been
modeled as a first pass assessment of survey results (see Figure 2:
http://www.cornerstoneresources.com/i/pdf/NR12-23-Fig2.pdf).

The magnetic survey has identified two clear high priority target areas
on the concession where the magnetic anomalies bear the signature
typical of large porphyry systems:

1) Annular magnetic high anomalies that are typically 1-2 km in
diameter,
2) Annular magnetic anomaly clusters, with a complex association of
magnetic highs and lows that may reflect potassic-altered (i.e.
containing magnetite) intrusions overprinted by alteration (typically
clay) at shallower levels, and
3) Location of these magnetic features at major fault junctions.

The highest priority target (T1) is a 2-km-wide annular magnetic domain
that underlies the outcropping gold-copper porphyry vein stockwork at
Quebrada Alpala ('A' in figure 2), and is adjacent to the outcropping
gold-copper porphyry vein stockwork at Quebrada Moran ('M' in figure
2). Anomaly T1 extends northwestward under a zone of mapped clay
alteration. This annular anomaly is associated with alteration-induced
magnetite-destructive alteration defined by mapped argillic alteration
seen at surface. This target is located on the northern edge of a major
WNW-trending structural lineament.

A second porphyry target (T2) with a classic porphyry signature is
located under Quaternary alluvial gravels and older volcaniclastics in
the northern part of the concession, and is defined by a second
2-km-wide zone of complex magnetic high with lows. Copper and
molybdenum anomalism in soil samples starts to appear in this area on
the very northeast edge of the current soil survey area (Figure 3:
http://www.cornerstoneresources.com/i/pdf/NR12-23-Fig3.pdf), and
extension of the soil sampling will be required to cover this second
porphyry target. Anomaly T2 is centred at the intersection of two
regional magnetic lineaments that trend northwest and east-northeast.

The magnetic data is preliminary and further processing is in progress.

Soil Geochemistry Survey

Soil sampling on a 200 m x 100 m grid is in progress over an area of
approximately 20 km2, covering the main gold-copper porphyry
mineralized areas identified from field mapping. Assay results have
been received for approximately 40% of the sampled area. Further
results will be released once assay data are received and verified.
Soil sampling in the south, at Quebrada Alpala, has been completed and
assay results are being awaited and are expected in late November.

The results to date are defining areas of coincident
gold-copper-molybdenum anomalism in the area of mapped potassic
alteration areas at Quebrada Tandayama and America (see Figure 1:
http://www.cornerstoneresources.com/i/pdf/NR12-23-Fig1.pdf and Figure 3
above), and coincident gold-copper in the areas over and immediately
north of Quebrada Moran where outcropping porphyry veining with gold
and copper has been previously reported.

Infill sampling on a 100 m x 100 m grid will commence in November over
areas of defined anomalism to further define anomalies. Extension of
the soil sampling to the north over magnetic target T2 will also be
scheduled.

All exploration activities are focused on understanding the geometry of
the Cascabel mineralized system to deliver drill targets as soon as
possible.

Community Relations

In addition to the technical exploration program, Cornerstone has
continued to engage with the communities in the areas of exploration
activities, and continues to implement community relations programs.
The project and exploration programs are strongly supported by the
local communities.

Assaying, Quality Assurance/Quality Control (QAQC)

Samples were delivered in sealed bags by Cornerstone employees to the
ACME preparation laboratory in Cuenca. Rock samples are prepared (ACME
code R200-250), and assayed by the ACME-Vancouver laboratory
(www.acmelab.com) for gold (ACME code G601, F.A., 30 g) and
multi-elements (ACME code 1E, 4 Acid digestion ICP-ES finish). All over
limits results for precious and base metals were systematically
re-assayed (ACME codes G6Gr and 7TD). Stream sediment samples are
prepared (ACME code SS80), and assayed for gold (ACME code G601, F.A.,
30 g) and multi-elements (ACME code 1EX, 4 acid digestion, ICP-MS
finish).

ACME is an ISO 9001:2008 qualified assayer that performs and makes
available internal assaying controls. Certified blanks and standards
are systematically inserted every 25 samples as part of Cornerstone's
QA/QC program.

Qualified Person

Yvan Crepeau, M.Ba., P.Geo, President of Cornerstone Ecuador S.A. and a
qualified person in accordance with National Instrument 43-101, is
responsible for supervising the exploration program and has reviewed
and approved the technical information contained in this news release.

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, Ecuador and Chile, 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. Commitments from
JV partners constitute significant validation of the strength of
Cornerstone's projects.

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

Investor Relations:
Email: ir@cornerstoneresources.ca
North America toll-free: 1 (877) 277-8377

The link to a recent corporate presentation is:
http://www.cornerstoneresources.com/i/pdf/Presentations_0912_CRICorporate.pdf
Investors can also access Cornerstone on Twitter

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.

On Behalf of the Board,
Brooke Macdonald
President and 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) 2012 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 Thu Nov 8, 2012 at 10:00:00 AM Pacific Time


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