Cornerstone Capital Resources Inc.

Cornerstone Capital Resources Inc.

April 29, 2008 13:00 ET

Cornerstone Acquires Property With Potash Potential

MOUNT PEARL, NEWFOUNDLAND--(Marketwire - April 29, 2008) - Cornerstone Capital Resources Inc. (TSX VENTURE:CGP) (OTC:CTNXF) (FRANKFURT:GWN) (BERLIN:GWN) today announced further expansion of its Codroy project in southwestern Newfoundland. An additional 480 map staked claims were acquired by staking bringing the total land position to 956 claims (238 square km). The new claims cover favourable geology with demonstrated potential for salt and potash (Codroy Location -

The Codroy project, underlain by Carboniferous age sedimentary rocks of the Bay St. George Basin, was initially acquired to explore for sediment hosted, stratiform copper deposits and uranium deposits. However, the area is also highly prospective for salt and potash and Cornerstone is now focusing attention on evaluation of that potential. The new claims cover geological units of the Codroy Group which host numerous gypsum, anhydrite and potassium salt prospects throughout the Bay St. George Basin, and which are also stratigraphically equivalent to the Windsor Group of the Maritime Provinces which host the world-class potash deposits near Sussex New Brunswick. Cornerstone is also exploring for copper, uranium and potash in the same geological environment in New Brunswick.

Colin McKenzie, Cornerstone's President and CEO, stated "Cornerstone has considerable expertise in exploring the mineral potential of sedimentary basins through its experience in the search for sediment hosted copper deposits whose geological environments are often also prospective for uranium, salt and potash. The staking we are announcing today gives us the opportunity to use that expertise in the search for potash in three locations that are all within the broader Maritimes Sedimentary Basin."

This press release was prepared by Mike Basha, PEng., PGeo, Executive Vice President for Cornerstone and a Qualified Person as per National Instrument 43-101.

About Cornerstone

Cornerstone Capital Resources Inc. is a mineral exploration company based in Mount Pearl, Newfoundland & Labrador, Canada, with a diversified portfolio of projects in Canada and Ecuador 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 operates exploration programs in Atlantic Canada and Ecuador.

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 For us, uncertainties arise from the behaviour of financial and metals markets 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.

On Behalf of the Board,

Colin B. McKenzie, President & CEO

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

Contact Information