Cornerstone Capital Resources Inc.

Cornerstone Capital Resources Inc.

April 16, 2009 08:00 ET

Cornerstone Announces Appointment to the Board of Directors

MOUNT PEARL, NEWFOUNDLAND AND LABRADOR--(Marketwire - April 16, 2009) - Cornerstone Capital Resources Inc. (TSX VENTURE:CGP) (PINK SHEETS:CTNXF) (FRANKFURT:GWN) (BERLIN:GWN) announces that H. Brooke Macdonald is joining its board of directors, effective immediately. Mr. Macdonald is a Miami-based lawyer with over 20 years experience in the mining industry, specializing in exploration and mine development. During the past four years, Mr. Macdonald was Vice President Legal Affairs of Skye Resources Inc. until its recent acquisition by HudBay Minerals Inc. Previously he worked with Placer Dome as legal counsel and later as country manager in Venezuela responsible for permitting and developing the Las Cristinas gold project. Prior to joining Placer, he practiced law with Baker & McKenzie in Venezuela for four years. Mr. Macdonald also holds other directorships in the junior mining sector.

Mr. Macdonald earned his law degree from Queen's University in Ontario and is a member of the New York Bar.

Colin McKenzie, President & CEO of Cornerstone, stated, "Cornerstone is very pleased to welcome Mr. Macdonald to the board of directors. We look forward to using his knowledge, experience and expertise in furthering the goals of the company and particularly in the development of our outstanding gold properties in Ecuador."

Cornerstone has granted Mr. Macdonald an option to acquire up to 200,000 common shares of the company at an exercise price of $0.065 per share 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,

Colin B. McKenzie, President & CEO

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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