Coastport Capital Inc.

Coastport Capital Inc.

April 25, 2008 13:58 ET

Coastport Capital Inc.: Ecuador Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 25, 2008) - Coastport Capital Inc. (TSX VENTURE:CPP)(FRANKFURT:C1J) reports that the company has been advised by Cornerstone Capital Resources Inc., operator of the Shyri Project in Ecuador, that Cornerstone participated, on behalf of both Cornerstone and Coastport, with seven other mining companies and the Canadian ambassador in a meeting with President Correa and other senior Ecuadorian government personnel yesterday. While President Correa made it clear that the moratorium on exploration and mining activities would remain in place until the enactment of a new mining law, Cornerstone was encouraged by his statement of support for responsible mining and his desire to put mining on a secure legal and political footing within Ecuador's new constitutional framework. Cornerstone and the other companies were invited to meet with the Ministry of Mines and Petroleum to assist in drafting a mining law that will permit responsible companies to proceed with exploration and development of the country's mineral resources.

Coastport and Cornerstone will continue to seek clarity on the impact of the new Ecuadorian Mining Mandate and will issue updates as information becomes available. Coastport and Cornerstone will continue to work with other participants in the mining industry to advocate sustainable, private sector development in Ecuador.


David Patterson, President

This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at for further information.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information