- Cornerstone notified by Vale Exploration Canada Inc. of
      planned diamond drilling program on the Red Cliff copper property
      in Newfoundland

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Mount Pearl, NL, Canada:   Cornerstone Capital Resources Inc.
("Cornerstone") (CGP: TSX-V, GWN: F, GWN: B, CTNXF: OTC) is pleased to
announce that it has been notified by Vale Exploration Canada Inc.
("VEC"), a wholly-owned subsidiary of Vale S.A. (NYSE-VALE) ("Vale"),
that it will commence a 1,500 metre diamond drilling program on the Red
Cliff copper property in mid-October. As previously announced (see news
release dated May 04, 2010), VEC has the option to acquire a 60%
interest in Cornerstone's Red Cliff and Deer Harbour properties which
are located on the Bonavista Peninsula in eastern Newfoundland. VEC is
the operator of the exploration programs during the option period in
consultation with Cornerstone. The properties are targeting
sediment-hosted stratiform copper (SSC) deposits similar to those of
the prolific Central African Copperbelt, also of Late Neoproterozoic
age.

Up to ten (10) drill holes ranging in length from 100 m to 250 m are
planned to test the prospective Blue Point Horizon in three separate
areas: 1) North of Duntara (6 holes, 850 m); 2) South of Duntara (1
hole, 200 m); and 3) east of Swibbs Cove Pond (3 holes, 450 m).
Previous drill testing of the Blue Point Horizon in 2001 returned
significant copper grades and thicknesses including 0.8% Cu and 7.7 g/t
Ag over 9.69 m in hole RC-01-01 and 1.0% Cu and 12.1 g/t Ag over 14.25
m in hole RC-01-02.

Glen McKay, Cornerstone's President & CEO, commented "We are delighted
with Vale's decision to further evaluate the potential of the Blue
Point Horizon. Previous drilling by Cornerstone has encountered both
economic grade and thickness for this deposit type and demonstrated the
potential for bulk tonnage copper deposits in the Red Cliff project
area."

Logistically, the Red Cliff property is very well located. The
provincial capital of St. John's is situated only 270 road km to the
east, and the property is located directly on tidewater, has good road
access and is in close proximity to power and water supplies. The
Government of Newfoundland and Labrador is strongly supportive of
mineral exploration and responsible mine development, and local
residents are receptive to new developments and eager to support
economic growth.

This press release was prepared by Terry Brace, P.Geo., Cornerstone's
VP Exploration and a Qualified Person in accordance with National
Instrument 43-101. Exploration work on the Red Cliff project is being
carried out under the supervision of Cameron Bowie, P.Geo., VEC's
Principal Geologist for North American Exploration and 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.

About VEC
VEC is a wholly-owned subsidiary of Vale, the world's second largest
mining company by market capitalization with its headquarters in
Brazil.  Vale is committed to the pursuit of sustainable growth by
operating with respect for the natural environment and being an
ethically and socially responsible company.
 
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 Sep 27, 2010 at 2:30:00 PM Pacific Time
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