Cornerstone Capital Resources Inc.
PINK SHEETS : CTNXF
TSX VENTURE : CGP
FRANKFURT : GWN
BERLIN : GWN

Cornerstone Capital Resources Inc.

September 17, 2007 16:10 ET

Cornerstone Arranges $3.025M Private Placement

MOUNT PEARL, NEWFOUNDLAND--(Marketwire - Sept. 17, 2007) - Cornerstone Capital Resources Inc. (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (PINK SHEETS:CTNXF) announces that it is proposing to raise $3.025 million by way of a non-brokered private placement through the issuance of 5.5 million units at $0.55 per unit. Global NR Holding SA, a Luxembourg-based holding company which is controlled by the Lundin family, has agreed to purchase 3.0 million units, Exploration Capital Partners, which is controlled by the Rule Family Trust, has agreed to purchase 2.0 million units. Other investors, including Doug Casey personally and the Casey Early Opportunity Resource Fund will purchase the remaining 500,000 units. Each unit will consist of one common share and one non-transferable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share for a period of two years at a purchase price of $0.80 per share. If, after the expiry of all resale restrictions, the volume weighted average share price of Cornerstone Capital Resources Inc. shares is $1.10 or greater on the TSX Venture Exchange for any consecutive 20 days of trading, the Company may, at its discretion, provide notice of an earlier expiry date of the warrants, in which case the warrants will expire 30 business days after giving such notice. A finders' fee of 6.5% will be payable in units.

This private placement is subject to regulatory approval and all shares and any shares issued on exercise of the warrants are subject to restrictions on transfer for a period of four months from closing the private placement. The proceeds from the private placement will be used to further advance Cornerstone's exploration programs and continued working capital requirements.

Due to recent concerns regarding the subprime mortgage industry in the United States, some investors have inquired about the security of Cornerstone's cash treasury. As such, the company is pleased to report that it has neither cash invested in any banking instruments nor investments associated with the mortgage industry in any way. All cash reserves are on direct deposit earning interest in a Canadian national bank.

Cornerstone Capital Resources Inc. is a mineral exploration company with 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. Cornerstone's current and past joint venture partners include Agnico Eagle, Celtic, Cash Minerals, Candente, Coastport, Cogitore, Falconbridge, Inmet, Kermode, Mountain Lake, Moydow, Noranda, Phelps Dodge, and Thundermin.

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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