Cornerstone Capital Resources Inc.

Cornerstone Capital Resources Inc.

March 05, 2009 08:00 ET

Cornerstone Capital Resources Inc.: Coastport Withdraws From the Shyri Project

MOUNT PEARL, NEWFOUNDLAND--(Marketwire - March 5, 2009) - Cornerstone Capital Resources Inc. (TSX VENTURE:CGP) (PINK SHEETS:CTNXF) (FRANKFURT:GWN) (BERLIN:GWN) reports that it has received notice from Coastport Capital Inc. that it is terminating its option to earn 100% interest in the Shyri property in Ecuador. Cornerstone regrets Coastport's decision to withdraw from the project but continues to regard Shyri as a high potential gold property with excellent exploration targets.

About Cornerstone

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

About the Shyri Project

The Shyri project in Azuay Province, Ecuador encompasses three principal gold prospects; Gama, Vetas Grande and Canaribamba. Gama, which is a geological analogue to the 3.4 million ounce Quimsacocha deposit 12 km to the southeast, was in the permitting stage for drilling prior to the Mining Mandate in April, 2008. Surface occurrences of gold are known in each of the three areas but as yet none has been drill tested.

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

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

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