Cornerstone Capital Resources Inc.
TSX VENTURE : CGP
FRANKFURT : GWN
BERLIN : GWN
OTC Bulletin Board : CTNFN

Cornerstone Capital Resources Inc.

November 30, 2006 16:00 ET

Cornerstone Adopts Shareholder Rights Plan

MOUNT PEARL, NEWFOUNDLAND--(CCNMatthews - Nov. 30, 2006) - Cornerstone Capital Resources Inc. (TSX VENTURE:CGP) (OTCBB:CTNFN) (FWB:GWN) (BERLIN:GWN) today announced that its Board of Directors has approved the adoption of a Shareholder Rights Plan ("Rights Plan" or "Plan") as part of its ongoing review of corporate policies. The Plan is being adopted to ensure the fair treatment of shareholders in connection with any potential take-over offer for the company, and to provide the Board of Directors and shareholders with adequate time to fully consider any unsolicited take-over bid.

The Plan is not being adopted in response to any proposal to acquire control of the Company and is not intended to prevent take-over bids. The Rights issued under the plan become exercisable only if a person, or a group of persons acting in concert, acquires 15% of the outstanding common shares of the Company. The Rights are not triggered by a "permitted bid". A permitted bid is one made to all common shareholders for any and all of their common shares by way of a takeover bid circular that remains open for not less than 60 days and pursuant to which more than 50% of the common shares held by independent shareholders are deposited and not withdrawn. Each Right, upon exercise would permit the purchase of shares in the Company at a substantial discount to market price, as defined in the Plan.

Pursuant to the policies of the TSX Venture Exchange, the Rights Plan will take effect immediately but must be ratified by shareholders within 6 months.

A copy of the Rights Plan is available by contacting the Company by telephone (709) 745-8377, by facsimile (709) 747-1183 or by mail to Cornerstone Capital Resources Inc., 109 Clyde Avenue, Mount Pearl, NL, A1N 4R9. A copy will also be available on SEDAR at www.sedar.com.

On Behalf of the Board,

Glen H. McKay, President & CEO

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

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