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#February 14, 2017
17-04 - Cascabel Exploration Update Hole 19 assays - 1132 metres (true width 500 m) grading 0.50% Cu and 0.33% Au from 246 metres

 Ottawa, ON, Canada: Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) announces the following project update for the Cascabel copper-gold porphyry joint venture exploration project in northern Ecuador.

Figures, table and photographs referred to in this news release can be seen in PDF format by accessing the version of this release on the Company's website (www.cornerstoneresources.com) or by clicking on the link below:

http://www.cornerstoneresources.com/i/pdf/NR17-04Figures.pdf.

HIGHLIGHTS:

  • Drill Hole 19 returned a broad mineralized zone of 1132m grading 0.50% copper and 0.33g/t gold (0.80% CuEq1) from 268m depth, across an interpreted true width of approximately 500m to date (further assays to come), at the growing Alpala deposit.
  • This long intersection includes 802m grading 0.63% copper and 0.43g/t gold (1.02% CuEq) from 572m depth, or 516m grading 0.75% copper and 0.50g/t gold (1.20% CuEq) from 838m, across true widths of approximately 360m and 230m respectively.
  • The Hole 19 assay results reflect intersections significantly richer in Bornite, (a copper rich sulphide mineral containing approximately 63% copper) than in previous drill holes, representing the southernmost and shallowest high grade mineralization discovered at Alpala to date
  • Drilling focus moving to Hematite Hill, towards Alpala Southeast, where strong bornite mineralization and high temperature advanced argillic alteration are mapped at surface.
  • Hole 20R continuing at 1342.4m.
  • Holes 21 & 22 entering increasingly strong mineralization at 750.4m and 702.2m respectively.
  • Two additional rigs to mobilize in February, increasing to seven drill rigs by years' end.

FURTHER INFORMATION:
The Cascabel Project is located within the gold-rich northern section of the prolific Andean Copper belt renowned as the production base for nearly half of the world's copper (Figure 1). The project area hosts mineralization of Eocene age, the same age as numerous Tier 1 deposits along the Andean Copper Belt in Chile and Peru to the south. The project base is located at Rocafuerte, in northwestern Ecuador just west of the City of Ibarra, approximately 3 hours drive north of Quito and close to water, power supply and Pacific Ports (Figure 2).

Fourteen individual targets have been defined at Cascabel and only one of these, the Alpala Deposit, has been drilled to date (Figure 3). The deposit at Alpala continues to grow with each new drill hole. Drilling continues to focus on defining the geometry of the growing Alpala deposit, which is open in virtually all directions. Over 29,000m of drilling has been completed to date (Figure 4).

Drill Hole CSD-16-019 ("Hole 19") was terminated at a depth of 1632.52m, on January 20, 2017. Assay results from 0m to 1400m have been received for this hole, with results for the last 232.52m from 1400m to end of hole pending.

Hole 19 was drilled designed to test the trend and tenor of mineralization approximately 150m above holes 12 and 16 and was drilled in the direction of 211 degrees true north at a declination of -80 Degrees.

Hole 19 is the most southerly of the drill holes at Alpala and the increased presence of bornite (a copper rich mineral containing 63% copper) in comparison to other holes at Alpala, endorses Solgold's south easterly extension targets.

Hole 19 intersected a relatively bornite rich mineralization in a high grade 516m long interval from 838m to 1354m, and represents the southernmost and shallowest high grade intersection discovered at Alpala to date. Hole 19 exemplifies the growing potential for increasingly shallower intersections in high grade bornite rich mineralization at the Alpala deposit.

The mineralization intersected in Hole 19 remains open to the southeast, where relatively strong bornite mineralization and high temperature advanced argillic alteration are mapped at surface. Hole 19 is interpreted to have drilled into a late stage lower grade "intra-mineral" dyke from approximately 1343.3m depth.

Highlights from the assay results received from Hole 19 are shown below in Table 1.

Hole ID Depth From Depth To Interval (m) True Width (m) Cu % Au (g/t) CuEQ (%)

Cut

Comments
CSD-16-019 268 1400 1132 500 0.50 0.33 0.80 0.10 Bulk Halo - Open at depth - results from 1400-EOH pending
572 1374 802 360 0.63 0.43 1.02 na hand selected samples
572 662 90 40 0.57 0.53 1.04 0.50 upper zone - separated from lower zone by volcanics
838 1354 516 230 0.75 0.50 1.20 0.50 lower zone
*Data Aggregation Method: Intercepts reported using copper equivalent cutoff grades of 0.1,0.2,0.3,0.5,0.7,1.0 and 1.5% with ip to 10m internal dilution, excluding bridging to a single sample. Minimum intersection length 6m. Gold Conversion Factor of 0.89 calculated from a copper price of US$2.20/lb and a gold price US$1350/oz.

*The true widths of downhole interval lengths are estimated to be approximately 25%-45%


Table 1: Drilling Results from Hole 19 (CSD-16-019) at Alpala.

The results of all holes drilled and assayed to date can be seen in the Table in the Figures.

The confirmation of shallow relatively bornite rich mineralization in Hole 19 bodes well for the extension of the deposit to the southeast, where relatively strong bornite mineralization and high temperature advanced argillic alteration are mapped at surface, covering a further 750m of strike, or double the existing strike of the Alpala zone (Figure 5).

At Alpala, higher portions of the system appear rich in bornite (Image 1), while deeper portions of the known system are rich in chalcopyrite (Image 2).

The Solgold geology team believe the highest grade and deepest portion of the copper-gold system at Alpala has not yet been discovered by drilling. A high grade bornite-chalcopyrite-rich zone is believed to exist at the core of the Alpala mineralized system and it is being targeted in future drilling programs, aimed at defining both the shallowing and southeastern extents of the growing Alpala Deposit as well as revealing the prognosed high grade bornite-chalcopyrite rich heart of the system.

Drilling with Rig 1 continues with Hole 22, which is at a current depth of 702.2m, and intersecting increasing copper sulphide mineralization from 253.8m (Image 3). Hole 22 is testing for shallower extensions above recent high grade mineralization encountered in Hole 19.

Rig 2 was moved to Hematite Hill drill site for Hole 21, which is at a current depth of 750.4m, and also intersecting increasing copper sulphide mineralization from 685.2m (Image 4). Hole 21 is testing the southeast extensions of the Alpala deposit. The high-grade core of the Alpala deposit is open southeast and below Hole 16, which returned 856 metres grading at 0.80 % copper and 1.04 g/t gold.

Rig 3 continues deepening Hole 20R, which is at a current depth of 1342.4m, having intersected strongly mineralized clasts of mineralized porphyry, hosted within hydrothermal breccia (Image 5). Technical drilling challenges have delayed the recent advance of this hole. Drilling rates are, however, expected to improve in the near future.

SolGold is awaiting the arrival of two additional man portable rigs within the next month to focus on defining the extent of the Alpala system, prior to completion of an optimized maiden resource statement, as part of an increase in drilling activities to seven rigs by years' end, facilitating the drill testing of other targets including the promising Triviņo, Tandayama /America and Aguiņaga targets.

About Cascabel:
Exploraciones Novomining S.A. ("ENSA"), an Ecuadorean company owned by SolGold Plc and Cornerstone, holds 100% of the Cascabel concession. Subject to the satisfaction of certain conditions, including SolGold's fully funding the project through to feasibility, SolGold Plc will own 85% of the equity of ENSA and Cornerstone will own the remaining 15% of ENSA. SolGold Plc is funding 100% of the exploration at Cascabel and is the operator of the project.

Cascabel is located in northwestern Ecuador in an under-explored northern section of the Andean Copper Belt, 60 km northeast of the undeveloped inferred resource of 982 million tons at 0.89% Cu Llurimaga (formerly Junin) copper project (0.4% Cu cut-off grade; Micon International Co. Ltd. Technical Report for Ascendant Exploration SA, August 20, 2004, pages 28 & 29). Mineralization identified at the Llurimaga copper project is not necessarily indicative of the mineralization on the Cascabel Property.

Qualified Person:
Yvan Crepeau, MBA, P.Geo., Cornerstone's Vice President, Exploration and a qualified person in accordance with National Instrument 43-101, is responsible for supervising the exploration program at the Cascabel project for Cornerstone and has reviewed and approved the information contained in this news release.

Logging, sampling and assaying
Holes referred to in this release were or are being drilled using HTW, NTW, NQ and BQ core sizes (respectively 7.1, 5.6, 4.8 and 3.7 cm diameter). Geotechnical measurements such as core recovery, fracturing, rock quality designations (RQD's), specific density and photographic logging are performed systematically prior to assaying. The core is logged, magnetic susceptibility measured and key alteration minerals identified using an on-site portable spectrometer. Core is then sawed in half at the ENSA core logging facility, and half of the core is delivered by ENSA employees for preparation at LAC y Asociados ISO 9001-2008 certified sample preparation facility in Cuenca. Core samples are prepared crushing to 70% passing 2 mm (10 mesh), splitting 250 g and pulverizing to 85% passing 75 microns (200 mesh) (MSA code PRP-910). Prepared samples are then shipped to MS Analytical Services (MSA), an ISO 9001-2008 laboratory in Langley, BC, Canada where samples are assayed for a multi-element suite (MSA code IMS-230, 0.2g split, 4-acid digestion, ICP-AES/MS finish). Over limit results for Cu (>1%) are systematically re-assayed (MSA code ICF-6Cu, 0.2 g, 4-acid digestion, ICP-AES finish). Gold is assayed using a 30 g split, Fire Assay (FA) and AAS finish (MSA code FAS 111). Over limit results for Au (>10 g/t) are systematically re-assayed (MSA code FAS-415, FA, 30g., gravimetric finish).

Drill hole intercepts from the Cascabel Property are calculated using a data aggregation method, defined by copper equivalent cut-off grades and reported with up to 10m internal dilution, excluding bridging to a single sample. Copper equivalent grades are calculated using a gold conversion factor of 0.89, determined using copper price of US$2.20/pound and gold price of US$1350/ounce. Copper equivalent calculation assumes 100% recoveries of copper and gold.

All reported drill core intervals from the Cascabel Property are core lengths, unless otherwise indicated. At present the true thicknesses of all of the holes has not been calculated by SolGold. Low-grade intersections, where applicable, are expressed as average true widths (utilizing the "B-vein > 0.5%" shell orientations). High-grade intersections are better constrained for holes 1, 5, 8 and 9, and these intersections are also expressed as average true widths (utilizing the "B-veins > 20%" shell orientations).

Quality assurance / Quality control (QA/QC)
The MSA Analytical Laboratory is a qualified assayer that performs and makes available internal assaying controls. Duplicates, certified blanks and standards are systematically used (1 control sample every 15-20 samples). Rejects, a 100 g pulp for each core sample and the remaining half-core are stored for future use and controls.

About Cornerstone:
Cornerstone Capital Resources Inc. is a well funded mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, and a proven 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 partnerships.

Further information is available on Cornerstone's website: www.cornerstoneresources.com and on Twitter. For investor, corporate or media inquiries, please contact:
Investor Relations:
Mario Drolet; Email: Mario@mi3.ca; Tel. (514) 904-1333

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

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.

1Copper Equivalent (CuEq) calculated using a gold conversion factor of 0.89, with copper price of US$2.20/lb and gold price of US$1,350/oz.

2The true widths of downhole interval lengths are estimated to be approximately 25% to 45%. Estimates have been made in defining true widths due to insufficient drilling in the outer limits of the currently known extension of the Alpala deposit and drill results not having been fully interpreted. These estimates may change as more drilling is completed and results continue to be processed.

 
#February 02, 2017
17-03 - Cascabel Exploration Update - Drill hole 18 partial assay results return 664m grading 0.70 % Copper, and 0.77 g/t Gold from 904m within broader mineralized halo of 1204m grading 0.46 % Cu and 0.47 g/t Au from 466m at the growing Alpala deposit.

 Ottawa, ON, Canada: Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) announces the following project update for the Cascabel copper-gold porphyry joint venture exploration project in northern Ecuador, in which the Company has a 15% interest financed through to completion of a feasibility study. SolGold Plc is funding 100% of the exploration at Cascabel and is the operator of the project.

Figures, table and photographs referred to in this news release can be seen in PDF format by accessing the version of this release on the Company's website (www.cornerstoneresources.com) or by clicking on the link below:

http://www.cornerstoneresources.com/i/pdf/NR17-03Figures.pdf.

HIGHLIGHTS:

-Drill hole 18 assay results return 664m (true width 398m¹) grading 0.70 % copper, and 0.77 g/t gold (1.39% CuEq²) from 904m, within a broader mineralized halo of 1204m (true width 722m) grading at 0.46 % copper and 0.47 g/t gold (0.88% CuEq) from 466m at the growing Alpala deposit, at 0.3% Cu cutoff.
- Hole 19 terminated at 1632.52m on January 21, 2017 and samples at laboratory.
- Drilling focus moving towards Alpala south-east and Hematite Hill high temperature, bornite rich zones.
- Hole 20R continuing at 1310m.
- Holes 21 & 22 commenced and at 289m and 249m respectively.
- Two additional rigs to arrive in February.

(1) Estimates have been made in defining true widths due to insufficient drilling in the outer limits of the currently known extension of the Alpala deposit and drill results not having been fully interpreted. These estimates may change as more drilling is completed and results continue to be processed.
(2) Copper Equivalent (CuEq) calculated using a gold conversion factor of 0.89, with copper price of US$2.20/lb and gold price of US$1,350/oz.

FURTHER INFORMATION:

The Cascabel Project is located within the gold-rich northern section of the prolific Andean Copper belt renowned as the production base for nearly half of the world's copper (Figure 1). The project area hosts mineralization of Eocene age, the same age as numerous Tier 1 deposits along the Andean Copper Belt in Chile and Peru to the south. The project base is located at Rocafuerte, in northwestern Ecuador just west of the City of Ibarra, approximately 3 hours drive north of Quito and close to water, power supply and Pacific Ports (Figure 2). SolGold holds an 85% interest in ENSA (Exploraciones Novomining S.A.) which holds the Cascabel concession.

Fourteen different targets have been defined at Cascabel and only one of these, the Alpala Deposit has been drilled to date (Figure 3). The deposit at Alpala continues to grow with each new drill hole. Drilling has focussed on defining the geometry of the Alpala deposit, which is open in all directions. 29,000m of drilling has been completed to date (Figure 4).

Drill Hole CSD-16-018 ("Hole 18") was terminated at a depth of 2216.75m, on January 17, 2017. To date only assay results from 0m to 1794m of Hole 18 have been received. Assay results for the remainder of the hole are pending. Hole 18 is interpreted to have drilled out of the south-west side of the deposit at approximately 1670m depth.

Hole 18 intersected copper and gold mineralization over an interval of 1204m from 466m depth. This interval is characterized by 112m long upper zone of mineralization from 548m to 660m, and a 664m long lower zone of mineralization from 904m to 1568m, separated by a late stage lower grade dyke intersected from 660m to 904m.

Highlights from the assay results received from Hole 18 are shown below in Table 1.

Hole ID Depth From Depth To Interval (m) Cu % Au (g/t) CuEQ (%)

Cut

Comments
CSD-16-018 466 1670 1204 0.46 0.47 0.88 na Bulk Halo
548 660 112 0.35 0.24 0.57 0.30 upper zone separated from lower zone by late dyke
904 1568 664 0.70 0.77 1.39 0.30 lower zone
1130 1532 402 0.81 0.90 1.61 0.70 lower zone
1174 1436 262 0.91 1.15 1.94 1.00 lower zone
1174 1318 144 1.13 1.67 2.63 1.50 lower zone
*Data Aggregation Method: Intercepts reported using copper equivalent cutoff grades of 0.1,0.2,0.3,0.5,0.7,1.0 and 1.5% with ip to 10m internal dilution, excluding bridging to a single sample. Minimum intersection length 6m. Gold Conversion Factor of 0.89 calculated from a copper price of US$2.20/lb and a gold price US$1350/oz.


Table 1: Drilling Results from Hole 18 (CSD-16-018) at Alpala.

The results of all 18 holes drilled and assayed can be seen in the Table in the Figures.

Following geological review and updated modelling, SolGold is focussing on the Alpala south-east and Hematite Hill zones, covering a further 750m of strike, or double the existing strike of the Alpala zone.

Drilling on Rig 1 continues with Hole 22, which is at a current depth of 249m. Hole 22 will test for shallower extensions above recent mineralization encountered in Hole 19.

Rig 2 was moved to Hematite Hill drill site for Hole 21, which is at a current depth of 289m. Hole 21 is testing southeast extensions of the Alpala deposit. The high-grade core of the Alpala deposit, remains open southeast and below Hole 16, which returned an encouraging 856 metres grading at 0.80 % copper and 1.04 g/t gold.

Rig 3 continues deepening Hole 20R, which is at a current depth of 1300.5m.

Updates on the progress of current holes 20R, 21, and 22 will be provided in the coming weeks.

SolGold is awaiting the arrival of two additional rigs in February to focus on drilling to define the extent of the Alpala system, prior to an optimized maiden resource statement.

About Cascabel:

SolGold Plc owns 85% of the equity of Exploraciones Novomining S.A. ("ENSA"), an Ecuadorean company that holds 100% of the Cascabel concession in northern Ecuador. Cornerstone owns the remaining 15% of ENSA. SolGold is funding 100% of the exploration at Cascabel and is the operator of the project. Cornerstone's 15% interest is financed through completion of a feasibility study.

Cascabel is located in northwestern Ecuador in an under-explored northern section of the Andean Copper Belt, 60 km northeast of the undeveloped inferred resource of 982 million tons at 0.89% Cu Llurimaga (formerly Junin) copper project (0.4% Cu cut-off grade; Micon International Co. Ltd. Technical Report for Ascendant Exploration SA, August 20, 2004, pages 28 & 29). Mineralization identified at the Llurimaga copper project is not necessarily indicative of the mineralization on the Cascabel Property.

Plans:

To date SolGold has completed geological mapping and soil sampling over 25 km2, along with and an additional 9km2 of Induced Polarisation and 14km2 Magnetotelluric "Orion" surveys over the Alpala cluster and Aguinaga targets. SolGold has completed 29,000m of drilling and expended over USD 39M on the program, corporate costs and investments into Cornerstone. Intense diamond drilling is planned for the next 12 months with multiple drill rigs.

The Alpala deposit is open at depth and in the upper extensions, as well as to the north, north-east, south-east and south-west. The mineralized zone at Alpala and Moran is closely modelled by magnetic signatures and currently encompasses over 10Bt of magnetic rock expected to be mineralized with copper and gold.

SolGold is focussing on extending the dimensions of Alpala before completing a resource statement and drill testing the other key targets within the Cascabel concession at Alpala Southeast, Aguiñaga, Triviño, Moran, Alpala Northwest, Hematite Hill, Cristal, Parambas, Carmen, Tandayama-America and Chinambicito. SolGold is planning further metallurgical testing and completion of a conceptual early stage mine and plant design and a scoping study (which may not be the equivalent of a National Instrument 43-101 Preliminary Economic Assessment) for an economic development at Cascabel. SolGold is investigating both high tonnage / low-medium grade open cut and underground block caving operations, and a high grade / low tonnage underground development.

Qualified Person:

Yvan Crepeau, MBA, P.Geo., Cornerstone's Vice President, Exploration and a qualified person in accordance with National Instrument 43-101, is responsible for supervising the exploration program at the Cascabel project for Cornerstone and has reviewed and approved the information contained in this news release.

Logging, sampling and assaying

Holes referred to in this release were or are being drilled using HTW, NTW, NQ and BQ core sizes (respectively 7.1, 5.6, 4.8 and 3.7 cm diameter). Geotechnical measurements such as core recovery, fracturing, rock quality designations (RQD's), specific density and photographic logging are performed systematically prior to assaying. The core is logged, magnetic susceptibility measured and key alteration minerals identified using an on-site portable spectrometer. Core is then sawed in half at the ENSA core logging facility, and half of the core is delivered by ENSA employees for preparation at LAC y Asociados ISO 9001-2008 certified sample preparation facility in Cuenca. Core samples are prepared crushing to 70% passing 2 mm (10 mesh), splitting 250 g and pulverizing to 85% passing 75 microns (200 mesh) (MSA code PRP-910). Prepared samples are then shipped to MS Analytical Services (MSA), an ISO 9001-2008 laboratory in Langley, BC, Canada where samples are assayed for a multi-element suite (MSA code IMS-230, 0.2g split, 4-acid digestion, ICP-AES/MS finish). Over limit results for Cu (>1%) are systematically re-assayed (MSA code ICF-6Cu, 0.2 g, 4-acid digestion, ICP-AES finish). Gold is assayed using a 30 g split, Fire Assay (FA) and AAS finish (MSA code FAS 111). Over limit results for Au (>10 g/t) are systematically re-assayed (MSA code FAS-415, FA, 30g., gravimetric finish).

Drill hole intercepts from the Cascabel Property are calculated using a data aggregation method, defined by copper equivalent cut-off grades and reported with up to 10m internal dilution, excluding bridging to a single sample. Copper equivalent grades are calculated using a gold conversion factor of 0.89, determined using copper price of US$2.20/pound and gold price of US$1350/ounce. Copper equivalent calculation assumes 100% recoveries of copper and gold.

All reported drill core intervals from the Cascabel Property are core lengths, unless otherwise indicated. At present the true thicknesses of all of the holes has not been calculated by SolGold. Low-grade intersections, where applicable, are expressed as average true widths (utilizing the "B-vein > 0.5%" shell orientations). High-grade intersections are better constrained for holes 1, 5, 8 and 9, and these intersections are also expressed as average true widths (utilizing the "B-veins > 20%" shell orientations).

Quality assurance / Quality control (QA/QC)

The MSA Analytical Laboratory is a qualified assayer that performs and makes available internal assaying controls. Duplicates, certified blanks and standards are systematically used (1 control sample every 15-20 samples). Rejects, a 100 g pulp for each core sample and the remaining half-core are stored for future use and controls.

About Cornerstone:

Cornerstone Capital Resources Inc. is a well funded mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, and a proven 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 partnerships.

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

Investor Relations:
Mario Drolet; Email: Mario@mi3.ca; Tel. (514) 904-1333

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

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.
 
#January 05, 2017
17-02 - Cornerstone awarded Bramaderos concession

 Ottawa, ON, Canada: Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) announces its subsidiary La Plata Minerales S.A. ("Plamin") has been awarded the "Bramaderos" concession in Ecuador following a public bidding process.

The 4,949 Hectares Bramaderos concession is located in Loja province, some 130 km (2 hours drive) from the Loja provincial capital city. Easy access is provided by the PanAmerican Highway crossing the western part of the concession.

The Bramaderos property was sporadically explored during the periods 1970 to 1984, 2001 to 2002 and 2004 to 2007. Porphyry style gold-copper mineralization has been found mainly associated to quartz veins stockworks and breccias hosted by a cluster of potassic altered, northeast aligned, quartz-diorite poprhyries showing the typical porphyry alteration and mineralization patterns. An extensive, 5km by 1-2 km, gold and copper (+/- molybdenum) in-soil anomaly located in the central part of the property has been partially tested by trenching and diamond drilling. Several zones have not yet been followed up. A total of 888 rock and 1324 soil samples have been collected, 17 trenches dug and channel sampled, 31 line kilometers of magnetic and Induced Polarization (IP) surveys carried out, and a total of 10,426m of diamond drilling performed to test some of the anomalous areas.

Brooke Macdonald, Cornerstone's CEO, said: "Bramaderos has excellent potential to host large-volume gold and copper mineralization. The available data will be fully assessed and a 3D mineralization model developed. Several near drill ready targets have been identified, and the property is available for joint venture".

A location map can be seen in PDF format by accessing the version of this release on the Company's website (www.cornerstoneresources.com) or by clicking on the link below:

http://www.cornerstoneresources.com/i/pdf/NR17-02Figures.pdf.

More detailed information, including a more detailed concession map, will be released once all of the data sets have been fully analyzed. Bramaderos is subject to the usual rules under the Ecuadorian Mining Law, including an initial exploration period of four years, followed by four years for advanced exploration (including drilling), followed by two years for pre-feasibility and feasibility studies and definition drilling which period may be extended for a final two years prior to exploitation (mine development).

Qualified Person:

Yvan Crepeau, MBA, P.Geo., Cornerstone's Vice President, Exploration and a qualified person in accordance with National Instrument 43-101, is responsible for supervising the exploration program at the Cascabel project for Cornerstone and has reviewed and approved the information contained in this news release.

About Cornerstone:

Cornerstone Capital Resources Inc. is a well funded mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, and a proven 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 partnerships. Cornerstone has a 15% interest financed through to completion of a feasibility study in the Cascabel copper-gold porphyry joint venture exploration project in northern Ecuador. SolGold Plc is funding 100% of the exploration at Cascabel and is the operator of the project.

Further information is available on Cornerstone's website: www.cornerstoneresources.com and on Twitter. For investor, corporate or media inquiries, please contact:
Investor Relations:
Email: ir@cornerstoneresources.ca; Tel. (343) 689-0714

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,
Hugh 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 release.
 
#January 04, 2017
17-01 - Cascabel Exploration Update Holes 18, 19 and 20R

 Ottawa, ON, Canada: Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) announces the following project update for the Cascabel copper-gold porphyry joint venture exploration project in northern Ecuador, in which the Company has a 15% interest financed through to completion of a feasibility study. SolGold Plc is funding 100% of the exploration at Cascabel and is the operator of the project.

Figures, table and photographs referred to in this news release can be seen in PDF format by accessing the version of this release on the Company's website (www.cornerstoneresources.com) or by clicking on the link below:

http://www.cornerstoneresources.com/i/pdf/NR17-01Figures.pdf.

HIGHLIGHTS:

• Drill Hole CSD-16-019 ("Hole 19") intersects 835m of copper mineralization (estimated true width(1) of 560m) from 325.6m to current depth 1161.50m, including a more intensely mineralized section from 545.9m.

• Bornite (a copper rich sulphide mineral containing 63% copper) and molybdenite are present in the mineralized section of Hole 19.

• Bornite mineralization mapped at surface, and in Hole 19 to date, support the existence of Hematite Hill, Alpala Southeast, and Cristal as high priority targets over 750m of strike extension southeast of Alpala Central.

• Preparations for drill rigs 4 and 5 continue ahead of drill testing the zone southeast of Alpala.

• Hole 18 encountered intense veining and mineralization over 665m from 903.9m to 1568.9m, and continues at 2144.8m depth, testing the lower levels and southwestern side of the Alpala system.

• Hole 20R entered brecciated (fragmented) porphyry style copper mineralization at 905.4m, approximately 200m higher than predicted, supporting the existence of widening and shallowing of the mineralized zone on the east and northeast sides of Alpala Central. Mineralization continues to current depth of 1050.0m.

(1) Estimates have been made in defining true widths due to insufficient drilling in the outer limits of the currently known extension of the Alpala deposit and drill results not having yet been assayed and interpreted. These estimates may change as more drilling is completed and results continue to be processed.

FURTHER INFORMATION:

The Cascabel Project is located within the gold-rich northern section of the prolific Andean Copper belt renowned as the production base for nearly half of the world's copper (Figure 1). The project area hosts mineralization of Eocene age, the same age as numerous Tier 1 deposits along the Andean Copper Belt in Chile and Peru to the south. The project base is located at Rocafuerte, in northwestern Ecuador just west of the City of Ibarra, approximately 3 hours drive north of Quito and close to water, power supply and Pacific Ports (Figure 2). SolGold holds an 85% interest in ENSA (Exploraciones Novomining S.A.) which holds the Cascabel concession.

Fourteen different targets have been defined at Cascabel and only one of these, the Alpala Deposit has been drilled to date. The deposit at Alpala continues to grow with each new drill hole. Drilling has focussed on defining the geometry of the Alpala deposit, which is open in all directions. Over 27,000m of drilling has been completed to date (Figure 3).

Planned drilling for the coming quarter focuses on expansion of the Alpala deposit as well as testing of the south easterly extensions of the greater Alpala system, at Hematite Hill and Alpala Southeast. (Figure 4).

Examples of selected mineralization in drill core intersected recently in Holes 18, 19 and 20R show copper mineralization being encountered (Figures 5, 6, 7).

Planned Drill Rig Deployment

Solgold is continuing to deploy multiple drilling rigs at Cascabel. Currently there are three operational rigs at the project and upgraded infrastructure and services will enable the deployment of two additional rigs in the next two months.

• Rig 1 (current) will continue testing the upward extensions of the Alpala Central deposit.
• Rig 2 (current) will relocate southeast of Alpala Central to the Hematite Hill area.
• Rig 3 (current) will continue testing the deepest portion of the Alpala Central deposit, below known mineralization.
• Rig 4 (proposed) is scheduled to commence in February 2017 an extensive multi-hole directional drilling program on the Alpala Deposit in February 2017.
• Rig 5 (proposed) is scheduled to commence in March 2017 testing of the Alpala South area, approximately 1km southeast of the current drilling area at Alpala.

Solgold plans to have 7 drilling rigs active on the project by the end of October 2017.

Planned drilling over the coming quarter is shown in Figure 8, and priority target areas along the Alpala southwesterly trend are shown in long-section view in Figure 9.

Independent Technical report on the Cascabel Project under National Instrument 43-101 and accompanying documents by SRK Exploration Pty Ltd are in preparation.

About Cascabel:

SolGold Plc owns 85% of the equity of Exploraciones Novomining S.A. ("ENSA"), an Ecuadorean company that holds 100% of the Cascabel concession in northern Ecuador. Cornerstone owns the remaining 15% of ENSA. SolGold is funding 100% of the exploration at Cascabel and is the operator of the project. Cornerstone's 15% interest is financed through completion of a feasibility study.

Cascabel is located in northwestern Ecuador in an under-explored northern section of the Andean Copper Belt, 60 km northeast of the undeveloped inferred resource of 982 million tons at 0.89% Cu Llurimaga (formerly Junin) copper project (0.4% Cu cut-off grade; Micon International Co. Ltd. Technical Report for Ascendant Exploration SA, August 20, 2004, pages 28 & 29). Mineralization identified at the Llurimaga copper project is not necessarily indicative of the mineralization on the Cascabel Property.

Plans:

To date SolGold has completed geological mapping and soil sampling over 25 km2, along with and an additional 9km2 of Induced Polarisation and 14km2 Magnetotelluric "Orion" surveys over the Alpala cluster and Aguinaga targets. SolGold has completed over 27,000m of drilling and expended over USD 35M on the program, corporate costs and investments into Cornerstone. Intense diamond drilling is planned for the next 12 months with multiple drill rigs.

The Alpala deposit is open at depth and in the upper extensions, as well as to the north, north-east, south-east and south-west. The mineralized zone at Alpala and Moran is closely modelled by magnetic signatures and currently encompasses over 10Bt of magnetic rock expected to be mineralized with copper and gold.

SolGold is focussing on extending the dimensions of Alpala before completing a resource statement and drill testing the other key targets within the Cascabel concession at Alpala Southeast, Aguinaga, Trivino, Moran, Alpala Northwest, Hematite Hill, Cristal, Parambas, Carmen, Tandayama-America and Chinambicito. SolGold is planning further metallurgical testing and completion of a conceptual early stage mine and plant design and a scoping study (which may not be the equivalent of a National Instrument 43-101 Preliminary Economic Assessment) for an economic development at Cascabel. SolGold is investigating both high tonnage / low-medium grade open cut and underground block caving operations, and a high grade / low tonnage underground development.

Qualified Person:

Yvan Crepeau, MBA, P.Geo., Cornerstone's Vice President, Exploration and a qualified person in accordance with National Instrument 43-101, is responsible for supervising the exploration program at the Cascabel project for Cornerstone and has reviewed and approved the information contained in this news release.

Logging, sampling and assaying

Holes referred to in this release were or are being drilled using HTW, NTW, NQ and BQ core sizes (respectively 7.1, 5.6, 4.8 and 3.7 cm diameter). Geotechnical measurements such as core recovery, fracturing, rock quality designations (RQD's), specific density and photographic logging are performed systematically prior to assaying. The core is logged, magnetic susceptibility measured and key alteration minerals identified using an on-site portable spectrometer. Core is then sawed in half at the ENSA core logging facility, and half of the core is delivered by ENSA employees for preparation at LAC y Asociados ISO 9001-2008 certified sample preparation facility in Cuenca. Core samples are prepared crushing to 70% passing 2 mm (10 mesh), splitting 250 g and pulverizing to 85% passing 75 microns (200 mesh) (MSA code PRP-910). Prepared samples are then shipped to MS Analytical Services (MSA), an ISO 9001-2008 laboratory in Langley, BC, Canada where samples are assayed for a multi-element suite (MSA code IMS-230, 0.2g split, 4-acid digestion, ICP-AES/MS finish). Over limit results for Cu (>1%) are systematically re-assayed (MSA code ICF-6Cu, 0.2 g, 4-acid digestion, ICP-AES finish). Gold is assayed using a 30 g split, Fire Assay (FA) and AAS finish (MSA code FAS 111). Over limit results for Au (>10 g/t) are systematically re-assayed (MSA code FAS-415, FA, 30g., gravimetric finish).

Drill hole intercepts from the Cascabel Property are calculated using a data aggregation method, defined by copper equivalent cut-off grades and reported with up to 10m internal dilution, excluding bridging to a single sample. Copper equivalent grades are calculated using a gold conversion factor of 0.89, determined using copper price of US$2.20/pound and gold price of US$1350/ounce. Copper equivalent calculation assumes 100% recoveries of copper and gold.

All reported drill core intervals from the Cascabel Property are core lengths, unless otherwise indicated. At present the true thicknesses of all of the holes has not been calculated by SolGold. Low-grade intersections, where applicable, are expressed as average true widths (utilizing the "B-vein > 0.5%" shell orientations). High-grade intersections are better constrained for holes 1, 5, 8 and 9, and these intersections are also expressed as average true widths (utilizing the "B-veins > 20%" shell orientations).

Quality assurance / Quality control (QA/QC)

The MSA Analytical Laboratory is a qualified assayer that performs and makes available internal assaying controls. Duplicates, certified blanks and standards are systematically used (1 control sample every 15-20 samples) as part of Cornerstone's QA/QC program. Rejects, a 100 g pulp for each core sample and the remaining half-core are stored for future use and controls.

About Cornerstone:

Cornerstone Capital Resources Inc. is a well funded mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, and a proven 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 partnerships.

Further information is available on Cornerstone's website: www.cornerstoneresources.com and on Twitter. For investor, corporate or media inquiries, please contact:
Investor Relations:
Email: ir@cornerstoneresources.ca; Tel. (613) 421-6923

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

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.
 
#December 23, 2016
16-23 - Cornerstone Enters into New Investor Relations Agreements

 Ottawa, ON, Canada: Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) announces that it has entered into an agreement with two parties to provide investor relations services as follows:

1. By agreement dated January 1, 2017, Cornerstone agreed to retain Raymond M. Mullaney to provide communication services on behalf of the Company in Northeastern United States, which services will include communication of news releases and information about Cornerstone on Mr. Mullaney's web sites www.BostonMining.com and www.ThePerfectTrade.com, and assisting Cornerstone at PR roadshows across the northeastern United States. As consideration for these services, the Company agreed to pay to Mr. Mullaney a monthly retainer of US$1,000 and to grant him a stock option to purchase up to 200,000 common shares in the capital stock of the Company at an exercise price of C$0.16 per share, for a term of 18 months from the date of grant.

2. By agreement dated January 1, 2017 Cornerstone agreed to retain M13 Communications Financièrs Inc. ("M13") to provide communication services on behalf of the Company in Eastern Canada, which services include, but are not limited to, communication of all news releases and information on the Company, including technical notes, posting on Twitter and Facebook, and assisting the Company at PR roadshows across 14 cities in Canada. As consideration for these services, the Company agreed to pay to MI3 a monthly retainer of C$1,500 and to grant a stock option to purchase up to 250,000 common shares in the capital stock of the Company at an exercise price of C$0.16 per share, for a term of 18 months from the date of grant.

The stock options granted to both Raymond M. Mullaney and M13 are subject to vesting provisions whereby 25% shall vest three months from the date of grant, with an additional 25% vesting every three months thereafter.

The terms of the agreements with both Raymond M. Mullaney and M13 are subject to the approval of the TSX Venture Exchange.

Raymond M. Mullaney is based in North Kingstown, RI. Ray is a business, financial and economic analyst, a writer and a public speaker. Ray owned an NASD member firm for over a decade and has owned and been a partner in two registered investment advisory firms. He began investing in mining companies in the late 1970s, and has been a shareholder of Cornerstone for over a decade. Ray has raised capital for private placements for several dozen junior mining companies. He has served on boards of directors for over a dozen public, private and non-profit organizations, including 9 Canadian junior mining companies.

MI3 Communications Financièrs Inc., based in Montreal, is a new-age financial communications company geared for today's fast-paced global economy. MI3 specializes in market awareness and market intelligence for Canadian public companies. During the last ten years MI3 has worked with over 185 small, mid-tier and large companies with projects all over the world.

About Cornerstone:

Cornerstone Capital Resources Inc. is a well funded mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, and a proven 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 partnerships.

Further information is available on Cornerstone's website: www.cornerstoneresources.com and on Twitter. For investor, corporate or media inquiries, please contact:
Investor Relations:
Email: ir@cornerstoneresources.ca

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

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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