CORNERSTONE CAPITAL RESOURCES INC : http://www.cornerstoneresources.com/ : QwikReport

News

#November 20, 2018
18-30 - Alpala Mineral Resource Estimate Update - Indicated Resource of 2.1 Bt @ 0.6% CuEq (8.4 Mt Cu, 19.4 Moz Au) including 400 Mt @1.49% CuEq (3.6 Mt Cu, 11.9 Moz Au)

  Ottawa, ON, Canada: Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") (TSXV:CGP) (Frankfurt:GWN) (Berlin:GWN) (OTC:CTNXF) is pleased to announce the following update on the exploration program at its Cascabel copper-gold porphyry joint venture exploration project in northern Ecuador, in which the Company has a 15% interest1 financed through to completion of a feasibility study and repayable out of Cornerstone's share of project earnings or dividends, plus 9.25% of the shares of joint venture partner and project operator SolGold Plc, for a total direct and indirect interest in Cascabel of approximately 23%.

Figures 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/NR18-30Figures.pdf.

HIGHLIGHTS:

  • Alpala deposit updated Mineral Resource Estimate (MRE)2 reports 2.05 Bt @ 0.60% copper equivalent ("CuEq") (8.4 Mt Cu, 19.4 Moz Au) Indicated, plus 900 Mt @ 0.35% CuEq (2.5 Mt Cu, 3.8 Moz Au) Inferred, including:
    • High grade core of 400 Mt @1.49% CuEq (3.6 Mt Cu, 11.9 Moz Au) Indicated plus 20 Mt @ 1.05% CuEq (0.2 Mt Cu, 0.4 Moz Au) Inferred
  • MRE reported using a cut-off grade of 0.2% CuEq, reflecting the reasonable potential for economic extraction by high production rate mass mining methods such as block caving.
  • Potential for further growth with the 2019 drilling campaign to continue to expand the deposit at Alpala SE, Alpala NW, Trivinio and Alpala Western Limb.

President and CEO Brooke Macdonald said: "We are pleased that the increase in high grade resources has been added within or adjacent to the previous high grade envelope suggesting a robust target for early extraction of higher grade material. We are also confident that continued exploration on other Cascabel targets will add to the total mineral inventory."

The reader is cautioned that it is uncertain that further exploration will result in the conversion of unclassified mineralization to Inferred Mineral Resources, the upgrading of Inferred Mineral Resources to Indicated Mineral Resources, or the additional targets on Cascabel being delineated as a mineral resource.

FURTHER INFORMATION:
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 project3 (Figure 1).

Alpala Mineral Resource Estimate Update
The Alpala MRE update was estimated from 68,173 assays, with 66,739 assays representing diamond drill core samples, and 1434 assays representing rock-saw channel samples cut from surface rock exposures. Drill core samples were obtained from total of 133,576m of drilling comprising 128 diamond drill holes, including 75 drill holes (Holes 1-75), 34 daughter holes, 8 redrills, and 11 over-runs, and represents full assay data from holes 1-67 and partial assay data received from holes 68 to 75. Rock-saw samples were obtained from 2743m of rock-saw cuts from 262 surface rock exposure trenches. In contrast, the Dec 2017 Maiden MRE was estimated from 26,814 assays obtained from 53,616m of drilling comprising 45 drill holes (Holes 1-33) including 10 daughter holes and 5 redrills.


Table 1: Overall Mineral Resource Statement for the Alpala Copper-Gold Deposit, effective November 7, 2018

The MRE update is reported using a cut-off grade of 0.2% copper-equivalent (CuEq) which joint venture partner and project operator SolGold and SRK Consulting (which audited the MRE update) consider to be reasonable, reflecting the potential for economic extraction by high production rate mass mining methods such as block caving. The central portions of the deposit present an opportunity for early extraction of higher grade material.

The updated MRE is presented on a 100% basis and has an effective date of November 7, 2018. It represents an overall increase of 259% (by metal content) of indicated resources from 3.4Mt CuEq in Dec 2017 Maiden MRE (at a cut-off of 0.3% CuEq) to the current 12.2 Mt CuEq (at a cut-off of 0.2% CuEq) associated to an overall decrease of 20% (by metal content) in the inferred category from 4.0 Mt CuEq in Dec 2017 Maiden MRE to the current 3.4 Mt CuEq.

The MRE update for the high grade core zone also represents an increase of 392% (by metal content) of indicated resources from 1.2Mt CuEq in the December 2017 Maiden MRE (at a cut-off of 1.1% CuEq) to the current 5.9 Mt CuEq (at a cut-off of 0.9% CuEq), associated to a decrease of 75% (by metal content) in the inferred category from 0.8 Mt CuEq in the December 2017 Maiden MRE to the current 0.2 Mt CuEq.


Table 2: Mineral Resource Statement for the Alpala Copper-Gold Deposit expressed by a range in copper-equivalent cut-off grades, effective November 7, 2018. Refer to the explanation for Table 1 for description and qualifications that pertain to the resource statement.

There remains strong potential for further growth with the 2019 drilling campaign to continue to expand the deposit at Alpala SE, Alpala NW, Trivinio and Alpala Western Limb (Figure 2). These target areas all fall within large magnetic inversion anomalies that are continuous with the magnetic anomaly encompassing the Alpala deposit, where the magnetic response is attributed to the strong correlation of magnetite with the chalcopyrite mineralization.

A revised independent technical report for the updated MRE prepared in accordance with National Instrument 43-101 will be filed on Sedar in due course.

About the Cascabel Joint Venture with SolGold:
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 is funding 100% of the exploration at Cascabel and is the operator of the project. SolGold shall receive 90% of Cornerstone's distribution of earnings or dividends from ENSA to which Cornerstone would otherwise be entitled until such time as the amounts so received equal the aggregate amount of expenditures incurred by SolGold that would have otherwise been payable by Cornerstone, plus interest thereon from the dates such expenditures were incurred at a rate per annum equal to LIBOR plus 2 per cent until such time as SolGold is fully reimbursed.

Logging, sampling, assaying and reporting
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 gravity and photographic logging are performed systematically prior to assaying. The core is logged, magnetic susceptibility measured and key alteration minerals identified by experienced loggers and sometimes 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 ALS Minerals Laboratories (ALS) sample preparation facility in Quito. Core samples are prepared crushing to 70% passing 2 mm (10 mesh), splitting 250 g and pulverizing to 85% passing 75 microns (200 mesh) (ALS code CRU-31, SPL21 and PUL-32). Prepared samples are then shipped to ALS in Lima, Peru where samples are assayed for a multi-element suite (ALS code ME-MSP61, 1g split, 4-acid digestion, ICP-MS finish). Over limit results for Ag (> 100 g/t) and Cu, (> 1%) are systematically re-assayed (ALS code Ag-AA62, 4-acid digestion, AAS finish). Gold is assayed using a 30 g split, Fire Assay (FA) and AA finish (ALS code Au-AA23).

Quality assurance / Quality control (QA/QC)
The ALS 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.

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 mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including in the Cascabel gold-enriched copper porphyry joint venture in north west Ecuador.

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 (Montreal); Email: Mario@mi3.ca;
Tel. (514) 346-3813

Corporate Matters: Sabino Di Paola, CFO (Ottawa); Email: sdipaola@cornerstoneresources.ca; Tel. (343) 689-0714

Due to anti-spam laws, many shareholders and others who were previously signed up to receive email updates and who are no longer receiving them may need to re-subscribe at http://www.cornerstoneresources.com/s/InformationRequest.asp

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 after 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.

1 Subject to SolGold satisfying certain conditions. See "About the Cascabel Joint Venture with SolGold" below.
2 See heading below titled "Alpala Mineral Resource Estimate Update".
3 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.

 
#November 13, 2018
18-29 - Cascabel Exploration Update -- Alpala Deposit Growing in Size and Quality

  Ottawa, ON, Canada: Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") (TSXV:CGP) (Frankfurt:GWN) (Berlin:GWN) (OTC:CTNXF) is pleased to announce the following update on the exploration program at its 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 and repayable out of Cornerstone's share of project cash flow, plus 9.25% of the shares of joint venture partner and project operator SolGold Plc, for a total direct and indirect interest in Cascabel of approximately 23%.

Figures 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/NR18-29Figures.pdf.

HIGHLIGHTS:

  • Recent drilling highlights expected to add significantly to an updated Alpala Maiden Resource (MRE)1 projected for release in December 2018 include:
    • Hole 69 (Alpala Western Limb): 852m (true width2 340m) @ 1.14% copper equivalent (CuEq3, 0.77% Cu and 0.57 g/t Au) from 740m depth, including:
      • 502m @ 1.55% CuEq (true width 200m, 1.01% Cu and 0.85 g/t Au) from 1068m, and
      • 152m @ 2.49% CuEq (true width 61m, 1.53% Cu and 1.52 g/t Au) from 1296m.
    • Hole 68 (Alpala Central): 664m @ 1.53% CuEq (true width 265m, 0.88% Cu and 1.03 g/t Au) from 1004m and open at depth, including
      • 348m @ 2.25% CuEq (true width 139m, 1.26% Cu and 1.57g/t Au) from 1200m.
    • Hole 67 (Alpala Central): 1028m @ 1.29% CuEq (true width 411m, 0.71% Cu and 0.91 g/t Au) from 886m, including:
      • 544m @ 2.17% CuEq (true width 217m, 1.14% Cu and 1.59 g/t Au), and
      • 146m @ 4.07% CuEq (true width 58m, 1.96%Cu and 3.36g/t Au) of intense porphyry mineralization containing visible gold from 1510m.
    • Hole 66 (Alpala NW): 634m @ 1.25% CuEq (true width 253m, 0.74% Cu and 0.81 g/t Au) from 870m, including:
      • 174m @ 2.46% CuEq (true width 69m, 1.36% Cu and 1.73 g/t Au) of mineralization containing visible gold from 1330m.
    • Hole 64 (Alpala NW-Trivinio): 402m @ 0.65% CuEq (true width 160m, 0.48% Cu and 0.26 g/t Au) from 1690m, including:
      • 162m @ 0.95% CuEq (true width 65m, 0.70% Cu and 0.41 g/t Au) -- this is considered the discovery of a new zone, north of the Alpala Breccia unit, containing primary bornite4 mineralization that merits follow up drill testing that could lead to the discovery of a second porphyry system adjacent to the Alpala Deposit, or that the new zone and Alpala are both offshoots of a single, larger, source porphyry system at depth.
  • An additional 82,400m metres of additional drilling (Holes 33-67) to be included in second MRE in December 2018 (Dec 2017 MRE estimated from only 53,616m of drilling).
  • Total metres drilled at Cascabel to date 160,000 (153,000 at Alpala + 7,259 at the Aguiņaga target).
  • Assays returned to date at Alpala - 137,000m. Assays outstanding at Alpala - 16,000m.
  • Approximately 20,000m of further drilling to be completed at Alpala in 2018. 2019 drilling campaign to continue to expand the deposit at Alpala SE, Alpala NW, Trivinio and Alpala Western Limb.
  • Preliminary Economic Assessment projected for release in January 2019.
President and CEO Brooke Macdonald said: "These new drill results are a further indication of the size and grade potential of the large mineralized system at Cascabel. With the in-fill drilling it is expected that a sizable portion of the inferred resources will be re-classified into the indicated category. It is also encouraging that the new intersections in Alpala Central exceeded the high grade cut-off used in the MRE. Mineralized intercepts adjacent to the current resources should also add to the overall resource inventory. Significantly, the limits of the deposit are yet to be established."

FURTHER INFORMATION:
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 project5 (Figure 1).

A data cut-off date for the (in progress) Mineral Resource Estimate (MRE) projected for release in December 2018, was effected in late October 2018 and includes drill holes 1 to 67. Highlights of selected drilling intercepts from Holes 1 to 67, expected to add significantly to the Dec 2018 Mineral Resource at Alpala are summarized in Table 1.

The Alpala deposit continues to grow beyond this, as exemplified by strong results achieved in Holes 68 (Alpala Central) and 69 (Alpala Western Limb) (Table 2).

Table 2: Recent drilling intercepts post data cut-off date for the (in progress) Mineral Resource Estimate (MRE) projected for release in December 2018.

High priority drill targets for 2019 include planned resource extensions at Alpala SE, Alpala NW, Trivinio and Alpala Western Limb (Figure 2).

Joint venture partner and project operator SolGold envisages further MRE updates in 2019 as they move beyond the Preliminary Economic Assessment (PEA) projected for release in January 2019) and towards a Pre-Feasibility Study (PFS) as the project continues to mature.

About the Cascabel Joint Venture with SolGold:
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 is funding 100% of the exploration at Cascabel and is the operator of the project. SolGold shall receive 90% of Cornerstone's distribution of earnings or dividends from ENSA to which Cornerstone would otherwise be entitled until such time as the amounts so received equal the aggregate amount of expenditures incurred by SolGold that would have otherwise been payable by Cornerstone, plus interest thereon from the dates such expenditures were incurred at a rate per annum equal to LIBOR plus 2 per cent until such time as SolGold is fully reimbursed.

Alpala Mineral Resource Estimate
A maiden Mineral Resource Estimate (MRE) for the Alpala deposit, estimated from the initial 53,616m of drilling, was completed December 18, 2017 and announced on January 3, 2018 (see Cornerstone news release 18-01 dated January 3, 2018) and the corresponding Technical Report prepared by SRK Exploration Services Ltd. and qualified persons James Gilbertson, Martin Pittuck, and John Willis in compliance with National Instrument 43-101 was filed at www.sedar.com on February 16, 2018 (http://www.cornerstoneresources.com/i/pdf/AlpalaMRE_0218.pdf).

The MRE announced resources shown in the table below:

Alpala Mineral Resource statement as of December 18, 2017
  Resource Category Tonnage (Mt) Grade Contained Metal
Cu (%) Au (g/t) CuEq (%) Cu (Mt) Au (Moz) CuEq (Mt)
>1.1% CuEq Indicated 70 1.1 1.3 1.8 0.7 2.8 1.2
Inferred 50 1.1 1.3 1.8 0.5 1.9 0.8
0.9 - 1.1% CuEq Indicated 50 0.7 0.5 1.0 0.3 0.9 0.5
Inferred 50 0.7 0.5 1.0 0.4 0.9 0.5
0.3 - 0.9% CuEq Indicated 310 0.4 0.2 0.5 1.2 2.3 1.6
Inferred 550 0.4 0.2 0.5 2.0 3.5 2.6
Total > 0.3% CuEq Indicated 430 0.5 0.4 0.8 2.3 6.0 3.4
Inferred 650 0.4 0.3 0.6 2.9 6.3 4.0
Notes:

  • Mr. Martin Pittuck, MSc, CEng, MIMMM, is responsible for this Mineral Resource estimate and is an "independent qualified person" as such term is defined in NI 43-101
  • The Mineral Resource is reported using a cut-off grade of 0.3% copper equivalent calculated using [copper grade (%)] + [gold grade (g/t) x 0.6] based on a copper price of US$2.8/lb and gold price of US$1,160/oz
  • The Mineral Resource is considered to have reasonable potential for eventual economic extraction by underground mass mining such as block caving
  • Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability
  • The statement uses the terminology, definitions and guidelines given in the CIM Standards on Mineral Resources and Mineral Reserves (May 2014)
  • The MRE is reported on 100 percent basis
  • Values given in the table have been rounded, apparent calculation errors resulting from this are not considered to be material
  • The effective date for the Mineral Resource statement is December 18, 2017

Logging, sampling, assaying and reporting
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 gravity and photographic logging are performed systematically prior to assaying. The core is logged, magnetic susceptibility measured and key alteration minerals identified by experienced loggers and sometimes 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 ALS Minerals Laboratories (ALS) sample preparation facility in Quito. Core samples are prepared crushing to 70% passing 2 mm (10 mesh), splitting 250 g and pulverizing to 85% passing 75 microns (200 mesh) (ALS code CRU-31, SPL21 and PUL-32). Prepared samples are then shipped to ALS in Lima, Peru where samples are assayed for a multi-element suite (ALS code ME-MSP61, 1g split, 4-acid digestion, ICP-MS finish). Over limit results for Ag (> 100 g/t) and Cu, (> 1%) are systematically re-assayed (ALS code Ag-AA62, 4-acid digestion, AAS finish). Gold is assayed using a 30 g split, Fire Assay (FA) and AA finish (ALS code Au-AA23).

Quality assurance / Quality control (QA/QC)
The ALS 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.

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 mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including in the Cascabel gold-enriched copper porphyry joint venture in north west Ecuador.

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 (Montreal); Email: Mario@mi3.ca;
Tel. (514) 346-3813

Corporate Matters: Sabino Di Paola, CFO (Ottawa); Email: sdipaola@cornerstoneresources.ca;
Tel. (343) 689-0714

Due to anti-spam laws, many shareholders and others who were previously signed up to receive email updates and who are no longer receiving them may need to re-subscribe at http://www.cornerstoneresources.com/s/InformationRequest.asp

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 after 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.

1 See heading below titled "Alpala Mineral Resource Estimate".

2 True widths of down hole intersections are estimated by project operator SolGold to be approximately 25-50%.

3 All references in this news release to copper equivalent (CuEq) grades are composed of copper and gold values, calculated using a gold conversion factor of 0.63, determined using an updated copper price of USD3.00/pound and an updated gold price of USD1300/ounce.

4 Bornite is a mineral containing 52-62% Cu.

5 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.

 
#October 05, 2018
18-28 - Cascabel Exploration Update -- Alpala Mineral Resource update expected in December 2018

  Ottawa, ON, Canada: Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") (TSXV:CGP) (Frankfurt:GWN) (Berlin:GWN) (OTC:CTNXF) is pleased to announce the following update on the exploration program at its 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, plus 10% of the shares of joint venture partner and project operator SolGold Plc, for a total direct and indirect interest in Cascabel of approximately 23%.

Figures 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/NR18-28Figures.pdf.

HIGHLIGHTS:

  • With over 124,000m of drill hole assays now received, a further 70,400m of drilling has been added to the existing Alpala Maiden Resource (MRE)1 during 2018 of 2.3 million tonnes (Mt) copper (Cu) and 6.0 million ounces (Moz) gold (Au) in the indicated category and 2.9 Mt Cu and 6.3 Moz Au in the inferred category.
  • Approximately 32,000m of further drilling is scheduled to be completed at Alpala in 2018, further adding to the MRE update.
  • Updated MRE projected for completion and release in December 2018.
  • Recent drilling highlights include:
    • Hole 55R-D1: 870m @ 0.72% copper equivalent ("CuEq"2) (true width3 348m @ 0.50% Cu, 0.36 g/t Au) from 706m depth, including:
      • 378m @ 1.17% CuEq (true width 151m);
    • Hole 58-D1: 984m @ 1.08% CuEq (true width 394m @ 0.73% Cu, 0.56 g/t Au) from 684m depth, including:
      • 456m @ 1.71% CuEq (true width 182m); and
    • Hole 66: 634m @ 1.25% CuEq (true width 254m @ 0.74% Cu, 0.81 g/t Au) from 870m depth, including:
      • 301m @ 1.88% CuEq (true width 121m), and
      • 174m @ 2.46% CuEq (true width 70m), open at depth.
  • Hole 66 intersects rich porphyry style mineralized zone containing visible gold.
  • Hole 64 intersects a new zone at Alpala NW containing primary bornite4 mineralization.
  • Assay turnaround reduced to 3 weeks.
  • Internal geology, grade and resource modelling indicates potential for significant growth in total metal inventory at Alpala at all cut-off grades.

Commenting on today's release, Cornerstone Vice President, Exploration, Yvan Crepeau, said: "Since the release of the MRE in January 2018, drilling has been very successful, intersecting high grade copper-gold mineralization, expanding the size and increasing the overall grade of the high grade core zone. Furthermore, the recent intercept of bornite-chalcopyrite mineralization in hole 64 may be an indication of another porphyry center and/or that mineralized zones could be connected at depth as suggested by the 3D magnetic model".

FURTHER INFORMATION:
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 project5 (Figure 1).

An updated MRE is expected to provide a significantly greater resource base for the project upon completion of approximately 32,000m of further planned drilling to December 31, 2018. JV Partner and project operator SolGold Plc will assay 100% of metres drilled (148,000m) at the project, with 24,000m of drilling currently awaiting assay results. The assay backlog is set to clear before December 2018.

Highlights of assay results expected to add to the existing MRE at Alpala are detailed in the Table below:

SolGold is encouraged by the outstanding infill drilling results, which are expected to expand and enrich the existing high-grade resource, and about notable drill hole results outside the previous resource area, such as Hole 64, which last week intersected primary bornite mineralization deep at Alpala NW. The discovery of primary bornite-chalcopyrite assemblages with magnetite and in the absence of pyrite, is indicative of the high temperature core many porphyry systems, and warrants follow up drill testing and may lead to unearthing further evidence of a second system adjacent to the Alpala Deposit (Figure 2).

Hole 66 extended the high grade core of the deposit towards the southeast at depth and intersected a zone of visible gold associated with porphyry style chalcopyrite and bornite mineralization. Very high gold grades in the core and periphery of the deposit at Alpala can be associated with related to intermediate- to high- sulfidation state sulfide-mineral assemblage associated with a phyllic alteration over-print, and is a feature common in many of the world's richest porphyry deposits, like Oyu Tolgoi, Grasberg and Wafi-Golpu (Figure 3).

Drill hole location plans showing resource shells from the existing December 2017 Mineral Resources Estimate against current in-house models highlight resource growth predicted at cut-off grades of 0.15%CuEq and >1.5%CuEq (Figures 4 and 5).

Section (A-A'), looking northeast, through the high-grade core of the deposit (Figure 6), shows an example of infill drilling resulting in a potentially more robust, richer high-grade core of the Alpala Deposit, as exemplified by:

  • Hole 57 high grade intercept: 304m @ 2.52% CuEq (1.15% Cu, 2.18g/t Au) (from 892m depth);
  • Hole 41-D1-D2 high grade intercept: 340m @ 1.54% CuEq (0.78% Cu, 1.21g/t Au) (from 1172m depth);
  • Hole 41-D1 high grade intercept: 252m @ 1.53% CuEq (0.86% Cu, 1.07g/t Au) (from 1346m depth).

A total of 12 drill rigs are currently in operation on the project, with the entire fleet moved back to Alpala in order to expedite drilling ahead of planned December Mineral Resource Estimate. Secondary targets at Cascabel, including Aguinaga, Trivinio, and Moran are planned for drill testing as the Alpala resource development program allows.

The Company is currently changing out 2 track mounted drill rigs for man-portable drill rigs, with the first replacement man-portable now mobilized to site. The Company is increasing its man-portable portion of the Cascabel drill fleet to increase flexibility in rig movements and siting, as well achieving a higher metre rate at lower cost.

During September 2018, BHP Billiton purchased a 6% stake in SolGold. Commenting at the time of the acquisition, BHP Billiton's CEO noted that this investment would give BHP exposure to a high quality copper exploration project in Ecuador, which is a highly prospective location for BHP, and that, consistent with their positive long-term outlook, copper is a key exploration focus for BHP as they seek to replenish their resource base.

About the Cascabel Joint Venture with SolGold:
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 is funding 100% of the exploration at Cascabel and is the operator of the project. SolGold shall receive 90% of Cornerstone's distribution of earnings or dividends from ENSA to which Cornerstone would otherwise be entitled until such time as the amounts so received equal the aggregate amount of expenditures incurred by SolGold that would have otherwise been payable by Cornerstone, plus interest thereon from the dates such expenditures were incurred at a rate per annum equal to LIBOR plus 2 per cent until such time as SolGold is fully reimbursed.

Logging, sampling, assaying and reporting
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 gravity and photographic logging are performed systematically prior to assaying. The core is logged, magnetic susceptibility measured and key alteration minerals identified by experienced loggers and sometimes 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 ALS Minerals Laboratories (ALS) sample preparation facility in Quito. Core samples are prepared crushing to 70% passing 2 mm (10 mesh), splitting 250 g and pulverizing to 85% passing 75 microns (200 mesh) (ALS code CRU-31, SPL21 and PUL-32). Prepared samples are then shipped to ALS in Lima, Peru where samples are assayed for a multi-element suite (ALS code ME-MSP61, 1g split, 4-acid digestion, ICP-MS finish). Over limit results for Ag (> 100 g/t) and Cu, (> 1%) are systematically re-assayed (ALS code Ag-AA62, 4-acid digestion, AAS finish). Gold is assayed using a 30 g split, Fire Assay (FA) and AA finish (ALS code Au-AA23).

Quality assurance / Quality control (QA/QC)
The ALS 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.

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 mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including in the Cascabel gold-enriched copper porphyry joint venture in north west Ecuador.

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 (Montreal); Email: Mario@mi3.ca;

Tel. (514) 346-3813

Corporate Matters: Sabino Di Paola, CFO (Ottawa); Email: sdipaola@cornerstoneresources.ca;
Tel. (343) 689-0714

Due to anti-spam laws, many shareholders and others who were previously signed up to receive email updates and who are no longer receiving them may need to re-subscribe at http://www.cornerstoneresources.com/s/InformationRequest.asp

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 after 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.

1 A maiden Mineral Resource Estimate (MRE) for the Alpala deposit, estimated from the initial 53,616m of drilling, was announced on January 3, 2018 (see Cornerstone news release 18-01 on that date) and the corresponding Technical Report prepared by SRK Exploration Services Ltd. and qualified persons James Gilbertson, Martin Pittuck, and John Willis in compliance with National Instrument 43-101 was filed at www.sedar.com on February 16, 2018 (http://www.cornerstoneresources.com/i/pdf/AlpalaMRE_0218.pdf). The MRE announced resources of: 430Mt @ 0.8% CuEq Indicated and 650Mt @ 0.6% CuEq Inferred (3.4 Mt CuEq Indicated 4.0 Mt CuEq Inferred) at 0.3% CuEq cut off, for a metal inventory of 2.3 Mt Cu and 6.0 Moz Au Indicated and 2.9 Mt Cu and 6.3 Moz Au Inferred, including a high-grade core of 70Mt @ 1.8% CuEq Indicated (1.2Mt CuEq) and 50Mt @ 1.8% CuEq Inferred (0.8 Mt CuEq) at a 1.1% CuEq cut off. A further 50 Mt @ 1.0% CuEq Indicated (1.0 Mt CuEq) and 50 Mt @ 1.0% CuEq Inferred (1.0 Mt CuEq) is added to the high grade core if a 0.9% CuEq cut off is used, giving a high grade core of 220 Mt at a weighted average grade of 1.44% CuEq.

2 All references in this news release to copper equivalent (CuEq) grades are composed of copper and gold values, calculated using a gold conversion factor of 0.63, determined using an updated copper price of USD3.00/pound and an updated gold price of USD1300/ounce.

3 True widths of down hole interval lengths are estimated by JV partner and project operator SolGold Plc to be approximately 25-70%.

4 Bornite is a mineral containing about 63% Cu.

5 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.

 
#September 13, 2018
18-27 - Cornerstone Announces Signing of Contracts for the Completion of the Airborne Geophysical Survey Started Last Year on the ENAMI-Cornerstone JV Properties in North West Ecuador, and Option Grants

  Ottawa, ON, Canada: Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) that new contracts have been signed for the completion of the airborne magnetic and radiometric regional survey on its Espejo, Playa Rica and Rio Magdalena Blocks, parts of the ENAMI EP-Cornerstone Joint Venture agreement, in Northwest Ecuador, in the vicinity of the Company's Cascabel joint venture project and the Llurimagua joint venture between CODELCO and ENAMI.

A location map of the ENAMI-CESA JV project areas 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/NR18-27Figures.pdf.

Highlights:

  • A heliborne magnetic and radiometric survey was started in NW Ecuador in early December 2017 but had to be suspended due to bad weather
  • The 2018 contract combines larger spacing flight lines and detailed survey over most prospective areas defined by prospecting work during the last several months
  • High definition data generated to be integrated with ongoing field surveys to refine and prioritize exploration targets for further work

Further Information:
A contract has been signed with Canada-based New-Sense Geophysics Ltd to carry out high resolution helicopter-borne magnetic and radiometric surveys on the 3 concession blocks that inform the ENAMI-Cornerstone Ecuador S.A. ("CESA") joint venture agreement (the "ENAMI-CESA JV Agreement").

Phase 1 of the surveys was started in 2017 under a contract signed with another geophysics contractor but was not completed due to a late start by the contractor that caused the work to be undertaken during the rainy season. The balance of the survey to be carried out in 2018 includes completion of Phase-1 larger spacing flight lines and detailed surveys over the most prospective target areas identified by prospecting work. More than 3,000 line kilometres will be flown over the Espejo, Playa Rica and Rio Magdalena blocks. Data then will be processed (2D and 3D modeling) and integrated with information gathered from surface exploration surveys to refine and prioritize exploration targets to be systematically explored.

About the ENAMI-CESA JV Agreement
On June 14, 2016, Cornerstone announced that CESA had entered into the ENAMI-CESA JV Agreement with ENAMI EP, Ecuador's State Mining Company, creating a structure for ENAMI EP and CESA to jointly prospect and explore for mineral projects in Ecuador using Cornerstone's proprietary geological data base. While the ENAMI-CESA JV Agreement is not an exclusive arrangement and ENAMI EP is free to enter into similar arrangements with other companies, Cornerstone is the first, and, to the knowledge of Cornerstone, currently the only, non-state owned company to enter into such an exploration alliance with ENAMI EP.

The principal terms of the ENAMI Definitive Agreement are described on the Company's web site at the following link: http://www.cornerstoneresources.com/s/Ecuador.asp?ReportID=760321

On March 3, 2017 Ecuador's Ministry of Mining granted ENAMI EP eight concession titles in Imbabura and Carchi provinces for exploration by the ENAMI-CESA JV. The eight concession titles total more than 37,182 hectares and are in the highly prospective Cascabel porphyry copper-gold district of northwest Ecuador, which hosts the Cascabel Project and the Llurimagua Project. On March 14, 2017, ENAMI EP was granted an additional concession called "Espejo 3", located approximately 10 kilometres east of the Cascabel concession in Carchi province and totalling 5,000 hectares, bringing the total number of the ENAMI-CESA JV Concessions included under the ENAMI-CESA JV to nine and the total area to over 42,000 hectares.

In applying for the ENAMI-CESA JV Concessions, a thorough compilation program using both public and Cornerstone's proprietary data was used to define anomalous areas typical of porphyry and large epithermal mineralized systems. Previous regional aeromagnetic surveys helped to define geology, alteration and significant structures. Geochemical and geophysical responses were calibrated over known deposits (Cascabel Cu-Au porphyry and Llurimagua Cu-Mo porphyry) and known mineralized prospects in the region. The highest ranked anomalies, those showing similar responses to Cascabel and Llurimagua, in terms of local geological and structural environments, elements, size, distribution and intensities, were selected and concessions applied for.

Four of the ENAMI-CESA JV Concessions are within the area called Espejo, east of Cascabel, three are within the area of Playa Rica and two are within the area of Rio Magdalena, both to the southwest of Cascabel (see Figure 1).

The exploration and development of the ENAMI-CESA JV Concessions is subject to customary rules under Ecuadorean 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).

Cornerstone Grants Options
The Board of Directors of the Company has approved the granting of stock options totaling 16.55 million options to directors, officers, consultants and employees of the Company effective September 12, 2018. These options have been priced at $0.215 and have an expiry date of September 12, 2023. As per the Company's Stock Option Plan, these options vest in three equal tranches over an eighteen-month period from the date of issue. Following this stock option grant the Company has a total of 43,768,551 stock options outstanding, which represents approximately 7% of the Company's issued and outstanding common shares.

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 Bramaderos project for Cornerstone and has reviewed and approved the information contained in this news release.

About Cornerstone:
Cornerstone Capital Resources Inc. is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including in the Cascabel gold-enriched copper porphyry joint venture in north west Ecuador. 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.

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

Due to anti-spam laws, many shareholders and others who were previously signed up to receive email updates and who are no longer receiving them may need to re-subscribe at http://www.cornerstoneresources.com/s/InformationRequest.asp

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 after 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.

 
#September 05, 2018
18-26 - Cornerstone Decides not to Proceed with Plan of Arrangement

  Ottawa, ON, Canada: Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) announces that, given the ongoing delays faced by the Company in obtaining certain approvals, the Board of Directors has decided not to proceed with the previously announced plan of arrangement at this time. The plan of arrangement, which was first announced on July 13, 2017, would have involved, among other things, undertaking a spin-off transaction whereby Cornerstone would have transferred its non-Cascabel assets to a newly created company.

Despite the recent delays, the Board remains committed to pursuing a transaction that will unlock the value of the Company's non-Cascabel assets, including the drill ready Bella Maria, Shyri NW (Vetas Grandes) and Bramaderos properties in Ecuador, an option to own 100% of the drill ready Caņa Brava property in Ecuador, the Tioloma property surrounding Caņa Brava, the applications for new properties in Ecuador made by Cornerstone's subsidiary, La Plata Minerales S.A., and the Miocene property in Chile, in addition to Cornerstone's generative exploration databases for Ecuador and Chile.

Cornerstone remains well capitalized and well positioned to continue executing on its strategic objectives. The Company currently has C$7 million in available funds and an approximately 23% aggregate interest in the Cascabel project in Ecuador, which is comprised of: (i) a direct, 15% interest in the Cascabel project, which is being financed by its joint venture partner (and operator of the Cascabel project) SolGold plc until a feasibility study has been completed in respect of the project; and (ii) the Company's ownership of approximately 10% of the shares of SolGold plc.

About Cornerstone:
Cornerstone Capital Resources Inc. is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including in the Cascabel gold-enriched copper porphyry joint venture in north west Ecuador. 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.

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

Due to anti-spam laws, many shareholders and others who were previously signed up to receive email updates and who are no longer receiving them may need to re-subscribe at http://www.cornerstoneresources.com/s/InformationRequest.asp

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 after 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.

 

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