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Cornerstone Capital Resources Inc Cornerstone Capital Resources Inc Cornerstone Capital Resources Inc
 April 20, 2015
Cornerstone Shareholder Update

 Dear Cornerstone shareholder:

Please click on the link below to see a news release posted by the Ecuadorean state mining company ENAMI EP on its web site, concerning the signing of a letter of intent with Cornerstone. The English language translation below the link was prepared by Cornerstone, which is solely responsible for its accuracy.

Sincerely,

Brooke Macdonald
President & CEO
Cornerstone Capital Resources Inc.
TSXV - "CGP" / OTC - "CTNXF"
F - "GWN" / B - "GWN"
Email: macdonald@cornerstoneresources.ca
www.cornerstoneresources.com
Toll Free 1-877-277-8377

http://www.enamiep.gob.ec/es/Boletines/carta-de-intencion.html

English Language Translation:

April 16, 2015

Ecuadorian State Mining Company ENAMI EP and Cornerstone Sign Strategic Alliance

This April 14, 2015 in the city of Quito, a Letter of Intent (LOI) between the national mining company Enami EP and junior mineral exploration company Cornerstone Ecuador SA (a subsidiary of the Canadian company Cornerstone Capital Resources Inc.) was signed as a step prior to the formalization of a Definitive Agreement that marks the beginning of prospecting and exploration of mining projects to be developed jointly. Current legislation gives Enami EP a wide associative capacity to fulfill its goals and business objectives, which is seen crystallized through this LOI, after a long process of negotiations that began in 2013 in an effort to facilitate the discovery of new deposits for mining development in Ecuador. The LOI constitutes the first step towards the negotiation and signing of a Definitive Agreement between the two companies, through which will be made joint ventures in areas of mining interest of up to 5,000 ha in accordance with the Mining Law, which concessions must be requested by Enami EP to the Ministry of Mines, and which will be granted based on the plans, policies and guidelines of said Ministry for the mining sector, allowing the equal participation of market players. Cornerstone Ecuador SA, has agreed to assume all the investment required for the exploration phase (prospecting, initial exploration, advanced exploration and economic assessment), at its sole cost and risk, in order to determine mineral resources that may be susceptible to future commercial exploitation, considering the option of raising funds to finance the projects. In the event no economically profitable projects are discovered, Enami EP will have no obligation to repay the investment to Cornerstone Ecuador S.A. Enami EP will benefit from the delivery of information generated from the prospecting phase and the transfer of knowledge and technology for its Ecuadorian personnel, and will also have the opportunity to increase its mineral reserves, without assuming the exploration risk and investment. The cost of concession maintenance fees, environmental fees, environmental impact studies, environmental audits and other costs inherent in the mining industry up to the stage of economic evaluation of the project also will be assumed by Cornerstone Ecuador S.A. If commercial production is achieved at any of the projects, the Ecuadorian State will benefit from the project through the collection of taxes, royalties, sovereign adjustment, income tax, VAT, etc., as well as the equity participation percentage share of Enami EP in the projects. Finally, the implementation of this strategic alliance demonstrates the interest generated by Enami EP in domestic and foreign investors, product of the momentum that the Government has provided to strategic sectors, contributing to Ecuador becoming an attractive destination for investment in mining projects.


Cautionary Notice:
This shareholder communication 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 shareholder communication 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 shareholder communication. 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

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 shareholder communication.
 
 

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