Cornerstone Capital Resources Inc.

Cornerstone Capital Resources Inc.

June 11, 2010 08:00 ET

Cornerstone Announces Appointment to the Board of Directors

MOUNT PEARL, NEWFOUNDLAND--(Marketwire - June 11, 2010) - Cornerstone Capital Resources Inc. (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (PINK SHEETS:CTNXF) announces that Beverley A. Evans is joining its board of directors, effective immediately. Ms. Evans is a St. John's-based chartered accountant with over 20 years experience in senior management roles with FPI Limited, a TSX-listed global seafood company, and Ernst and Young. As CFO and Corporate Secretary for FPI, Ms. Evans was responsible for corporate finance, foreign investment and consolidation strategy, financial compliance for public company reporting, IT and human resources. She also played a key role in executing the corporation's strategic business plans as it transitioned from operator to holding company.

Glen McKay, Chairman of Cornerstone, stated, "Cornerstone is very pleased to welcome Ms. Evans to the board of directors. We look forward to benefiting from her knowledge and expertise in finance, business development and human resources to strengthen those disciplines at the board level."

Cornerstone has granted Ms. Evans an option to acquire up to 200,000 shares of the company at an exercise price of $0.15 per share for a period of five years.

Other News

On June 8, 2010 the Company issued 555,000 stock options to directors, managers and staff. These stock options were issued at $0.15 per share and are exercisable for a period of five years.

About Cornerstone

Cornerstone Capital Resources Inc. is a mineral exploration company based in Mount Pearl, Newfoundland & Labrador, Canada, with a diversified portfolio of gold, base metals and uranium 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. 

Cautionary Notice:

Certain statements contained in this press release may be considered as forward-looking. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated or implied results. 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,

Glen McKay, Chairman

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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