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

Cornerstone Capital Resources Inc.

April 29, 2011 08:00 ET

Cornerstone Enters Into Agreements With Senior Management

MOUNT PEARL, NEWFOUNDLAND--(Marketwire - April 29, 2011) - Cornerstone Capital Resources Inc. ("Cornerstone") (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN)(PINK SHEETS:CTNXF) announces it has entered into agreements with four officers (President, CFO, VP Exploration, and South America Regional Exploration Manager and Ecuador Country Manager) pursuant to which Cornerstone has agreed to make a severance payment to each of such persons in the event of termination of employment following a change of control. The change of control provision is a "double trigger" in that both a change of control must occur and it must be followed within 12 months by a wrongful or constructive wrongful dismissal. If the double trigger occurs, the termination payments are equal to 1.5 times annual base compensation.

About Cornerstone

Cornerstone Capital Resources Inc. is a mineral exploration company based in Mount Pearl, Newfoundland and Labrador, Canada, with a diversified portfolio of projects in Canada, Ecuador and Chile, 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. The company is well funded and commitments from JV partners constitute significant validation of the strength of Cornerstone's projects.

Investors can access and join the following Cornerstone social media channels:

Facebook (http://www.facebook.com/cornerstoneresourcesinc)

Twitter (http://twitter.com/Cornerstone_cgp)

YouTube channel (http://www.youtube.com/user/CornerstoneResource)

Flickr (http://www.flickr.com/photos/cornerstoneresources)

The link to a recent CEO video interview is:http://www.cornerstoneresources.com/i/media/SHCornerstone.asx

The link to recent CEO audio interviews is:http://www.cornerstoneresources.com/s/Interviews.asp

The link to a recent Corporate presentation with narration is: http://rblcommunications.com/webcasts/Cornerstone/CGPmarch2011/CGPmarch2011.html

Cautionary Notice:

This news release may contain 'Forward-Looking Statements' that involve risks and uncertainties, such as statements of Cornerstone's plans, objectives, strategies, intentions and expectations. The words "potential," "anticipate," "forecast," "believe," "estimate," "expect," "may," "project," "plan," and similar expressions are intended to be among the statements that identify 'Forward-Looking Statements.' Although Cornerstone believes that its expectations reflected in these 'Forward-Looking Statements' are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behaviour of financial and metals markets, predicting natural geological phenomena and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our Forward-Looking Statements. Although Cornerstone believes the facts and information contained in this news release to be as correct and current as possible, Cornerstone does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views subsequent to the date of this news release. 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 except where outcomes have varied materially from the original statements.

On Behalf of the Board,

H. Brooke Macdonald, President

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.

Contact Information

  • Cornerstone Capital Resources Inc.
    Martti Kangas
    Investor Relations
    (647) 521-9261 or North America Toll Free: 1 (877) 277-8377

    Cornerstone Capital Resources Inc.
    Paul Benwell/Pat Kairns
    Investor Relations
    (514) 904-1333 or North America Toll Free: 1 (877) 277-8377
    communications@crigold.com
    www.cornerstoneresources.com