Properties

Cornerstone's recent focus has been on its wholly-owned Chaleur Uranium Property located approximately 60 km west of Bathurst. The 234 km² property is underlain predominantly by subaerial felsic volcanic rocks with lesser mafic volcanics and minor sediments of the Silurian-aged Chaleur Group, a sequence prospective for hosting volcanic-associated uranium and mesothermal-epithermal gold deposits. To date, Cornerstone has completed a 1,511 line-kilometre fixed-wing airborne magnetic and radiometric survey, geochemical stream sediment sampling and follow-up prospecting. A number of airborne radiometric and uranium-in-stream sediment anomalies have been identified, and up to 427 ppm U has been returned from rock grab samples. The Chaleur property is unaffected by recent regulatory amendments in New Brunswick, which prohibits uranium exploration and mining in certain areas such as designated watersheds and municipalities.

The Goshen and Dorchester Copper Properties in southeastern New Brunswick cover Carboniferous-aged sedimentary rocks of the Moncton and Sackville Subbasins. These basins currently produce natural gas, potash and salt -- all indicators of a geological environment favourable for the development of Sediment-Hosted Stratiform Copper (SSC) deposits. Both properties have historic copper resources (non NI 43-101 compliant) and potential exists for discovery of bulk-tonnage copper deposits which are amenable to low-cost acid leaching, with good metal recoveries.

Joint Venture or Optioned Properties:

Chaleur East - REE (Great Western Minerals)

100% Cornerstone:

Chaleur - Uranium

Dorchester - Copper

Goshen - Copper