Mount Pearl, NL, Canada: Cornerstone Capital Resources Inc. ("Cornerstone" or the "Company") (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) today announced that the Company's current President, Brooke Macdonald, has also been appointed CEO effective January 1, 2012, replacing Glen H. McKay in that role. Mr. McKay will remain a director of and an advisor to Cornerstone.

In announcing the appointment, outgoing CEO and co-founder of Cornerstone, Glen H. McKay, said: "Since Brooke's appointment as President earlier this year (see news release dated February 24, 2011), he has been taking on increasing levels of responsibilities in Cornerstone and I believe it is now time for me to step aside and let the team we have built take the Company to the next level. I will continue to be actively involved with Cornerstone as a director and an advisor."

John Fleming, Cornerstone's Chairman, commented: "Glen H. McKay has held various executive and board positions with the Company since 1997, and helped provide the vision for the Company to expand internationally and to build a strong management team. Under his leadership, the Company expanded into Ecuador and Chile, and together with our 50% partner Thundermin Resources Inc. (TSX: THR) advanced the Little Deer Cu deposit to completion of a preliminary economic assessment (see news release dated November 1, 2011). In addition to our interest in Little Deer, Cornerstone now has several key properties with excellent potential including the Shyri property in Ecuador, in which Intrepid Mines Ltd. (ASK/TSX: IAU) is currently earning a 60% interest. The Board wishes to thank Mr. McKay for his service as CEO and is pleased he will continue to serve as a non-executive director and to advise the Company on its strategic direction."

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