Cornerstone Capital Resources Inc.

Cornerstone Capital Resources Inc.

July 11, 2008 08:00 ET

Cornerstone Announces Personnel Change

MOUNT PEARL, NEWFOUNDLAND AND LABRADOR--(Marketwire - July 11, 2008) - Cornerstone Capital Resources Inc. (TSX VENTURE:CGP) (PINK SHEETS:CTNXF) (FRANKFURT:GWN) (BERLN:GWN) announced today that Mr. Mike Basha is resigning his position with the company but will remain available to consult to Cornerstone on a limited part-time basis. His resignation as Executive Vice President of the company is effective July 14, 2008.

"On behalf of the Directors and employees of Cornerstone, we would like to thank Mr. Basha most sincerely for his dedicated hard work for Cornerstone and his significant contribution to the development of the company. We wish him every success in his future endeavors," stated Colin McKenzie, President & CEO of Cornerstone.

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A senior officer of the company was issued 500,000 Cornerstone share purchase options at the end of June in accordance with his employment contract. The exercise price is $0.27 and the options expire June 30, 2013.

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.

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.

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