Cornerstone Private Placement Completed

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Cornerstone Private Placement Completed
Marketwire.com - Sep 29, 2011

MOUNT PEARL, NEWFOUNDLAND--(Marketwire - Sept. 29, 2011) - Cornerstone Capital Resources Inc. ("Cornerstone") (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (PINK SHEETS:CTNXF) announces completion of the non-brokered private placement announced on September 14. The Company is pleased to announce that the offering was fully subscribed for total proceeds of $2.5 million.

The financing consisted of the issuance of 12,500,000 units. Each unit was priced at $0.20 per unit and consisted of one common share and one non-transferable common share purchase warrant. Each warrant entitles the holder to purchase one common share for a period of five years at a purchase price of $0.30. If, after January 29, 2012, the volume weighted average price of Cornerstone's shares on the TSX Venture Exchange for any consecutive 20 days of trading is equal to or greater than $0.40, Cornerstone may, at its discretion within the following five trading days, provide notice of an earlier expiry date of the warrants, in which case the warrants will expire 30 trading days after giving such notice.

Finders' fees of 7.5% in Units and 7.5% Finder Warrants were issued to eligible finders. Each Finder Warrant entitles the finder to purchase one share for $0.30 during a period of five years and is subject to the same acceleration provisions as the unit warrants.

This private placement is subject to final regulatory approval and all shares issued and any shares issued on exercise of the warrants are subject to restrictions on transfer until January 30, 2012. The proceeds from the private placement will be used to further advance Cornerstone's exploration programs and continued working capital requirements.

Cornerstone wishes to express its appreciation to all shareholders for their continued support and confidence.

About Cornerstone

Cornerstone Capital Resources Inc. is a mineral exploration company based in Mount Pearl, Newfoundland and Labrador, Canada, with a diversified portfolio of projects in Ecuador, Chile, and Atlantic Canada, and a strong technical team that has proven its ability to identify, acquire and advance properties of merit. The company's business model is based on generating exploration projects whose subsequent development is funded primarily through joint venture partnerships. The company is well funded and commitments from JV partners constitute significant validation of the strength of Cornerstone's projects. Further information is available on Cornerstone's website: www.cornerstoneresources.com.

Investors can access and join the following Cornerstone social media channels:

Facebook (http://www.facebook.com/cornerstoneresourcesinc)

Twitter (http://twitter.com/Cornerstone_cgp)

YouTube channel (http://www.youtube.com/user/CornerstoneResource)

Flickr (http://www.flickr.com/photos/cornerstoneresources)

The link to a recent Corporate presentation is: http://www.cornerstoneresources.com/i/pdf/Presentations_0711_CRICorporate.pdf
The link to a virtual tour of drilling at the Gama prospect, Shyri concession in Ecuador is: http://www.youtube.com/watch?v=Ne8XSfgLwIM

On Behalf of the Board,

Brooke Macdonald, President

Further information is available on the Cornerstone Web site at www.cornerstoneresources.com; via e-mail at communications@crigold.com; or toll free at 1-877-277-8377.

Cautionary Notices:

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.

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.

Contact Information

Cornerstone Capital Resources Inc.
Investor Relations
North America toll-free: 1 (877) 277-8377

Cornerstone Capital Resources Inc.
Martti Kangas
1 (647) 521-9261

Cornerstone Capital Resources Inc
Paul Benwell / Pat Kairns
1 (514) 904-1333
communications@crigold.com
www.cornerstoneresources.com