Cornerstone Capital Resources Inc.

Cornerstone Capital Resources Inc.

May 14, 2008 16:30 ET

Cornerstone Arranges $3.0M Private Placement

MOUNT PEARL, NEWFOUNDLAND--(Marketwire - May 14, 2008) - Cornerstone Capital Resources Inc. (TSX VENTURE:CGP) (PINK SHEETS:CTNXF) (FRANKFURT:GWN) (BERLIN:GWN) announces that it is proposing to raise $3.0 million by way of a non-brokered private placement of 15.0 million units at $0.20 per unit. Some of our current investors as well as some new investors will participate in the placement. Each unit will consist of one common share and one non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase one common share for a period of two years at a purchase price of $0.26 per share. If, after the four month anniversary of closing, the volume weighted average price of Cornerstone's shares on the TSX Venture Exchange for any consecutive 20 days of trading is equal to or greater than double the closing trading price on the day this financing is announced, Cornerstone may, at its discretion within the following five trading days, provide notice of an earlier expiry date of the warrants, in which case the warrants will expire 30 trading days after giving such notice. A finders' fee of 7.0% in Units and 5.0% Compensation Warrants will be paid. Each Compensation Warrant will entitle the finder to purchase one Unit for $0.20 during a period of two years.

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.

About Cornerstone

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, Newmont, Noranda, Phelps Dodge, and Thundermin.

On Behalf of the Board,

Colin B. McKenzie, President & CEO

The common shares of the Company are currently listed on the TSXV in Canada (symbol CGP) and the Frankfurt Stock Exchange (symbol GWN) and trade over-the-counter (OTC) in the USA (symbol CTNXF).

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

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