Mount Pearl, NL, Canada: Cornerstone Capital Resources Inc. ("Cornerstone") (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) announces that the Ministry of Mines of Ecuador has authorized the immediate restart of operations for the five concessions that comprise Cornerstone's 100% owned "La Encrucijada" project, located in Loja province in southern Ecuador, approximately 70 km south of the city of Cuenca. La Encrucijada lies within a northeast trending belt which hosts high-sulphidation epithermal gold-silver systems and associated porphyry systems at depth, and is one of two projects (the other being Cascabel, in northern Ecuador) acquired by Cornerstone through the acquisition of Santa Barbara Copper and Gold S.A. ("SBCG") earlier this year (see news release dated February 17, 2011).

"We are excited to be able to resume work on this highly prospective property, said Brooke Macdonald, Cornerstone's President. Our objective is to advance La Encrucijada to the drill-ready stage for potential joint venture participation."

La Encrucijada is underlain by flat-lying Tertiary intermediate to felsic volcanic rocks which are locally intruded by diorite plugs. Extensive areas of felsic hydrothermal breccias have been mapped in the central part of the property, and porphyry-style potassic alteration underlies silica-alunite advanced argillic alteration. Anomalous gold (>0.1 g/t Au) and silver (>10 g/t Ag) in rock samples is widespread throughout the area. Higher grade gold (7 samples >1 g/t Au, up to 5.23 g/t Au) and silver (18 samples >30 g/t Ag, up to 1,110 g/t Ag) is commonly associated with silica alteration and veins, as well as breccias and structures (faults and mylonite zones). Very little work has been carried out on the property. Channel sampling of rock outcrops by SBCG along the Alumbre River, 2 km to the north, returned 110 m averaging 0.67 g/t Au and 1.7 g/t Ag, including a higher grade 45 m-wide section averaging 0.95 g/t Au and 2.4 g/t Ag. A limited soil geochemistry survey (531 samples) has been carried out in the central part of the property. Results define a northwest-striking gold and silver soil anomaly which is more than 1 km in length, and is open to the southeast.

Qualified Person
Yvan Crepeau, M.Ba., P.Geo, President of Cornerstone Ecuador SA and a qualified person in accordance with National Instrument 43-101, is responsible for supervising the La Encrucijada exploration program and has reviewed and approved the information contained in this news release.

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11-22 - Work to resume at Cornerstone's La Encrucijada project in Ecuador

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Cornerstone Capital Resources

June 28, 2011, 12:11 GMT

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