Cornerstone Capital Resources Inc.

Cornerstone Capital Resources Inc.

June 10, 2008 16:30 ET

Cornerstone Private Placement Completed

MOUNT PEARL, NEWFOUNDLAND--(Marketwire - June 10, 2008) - Cornerstone Capital Resources Inc. (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (PINK SHEETS:CTNXF) today announced completion of the private placement announced May 14, 2008. The company is pleased to announce that the offering was fully subscribed for total proceeds of $3.0 million.

The financing consisted of a non-brokered private placement of 15,000,000 units. Each unit was priced at $0.20 per unit and consisted of one common share and one share purchase warrant entitling the holder to purchase one additional common share at a price of $0.26 for two years following the closing.

A finder's fee of 7% was payable in units to registered dealers who assisted in the placement.

All shares issued pursuant to the placement will bear a legend restricting transfer until October 11, 2008.

Participants in the private placement include Global NR Holding SA, a Luxembourg-based holding company which is controlled by the Lundin family of the Lundin Mining Group, and Exploration Capital Partners, which is controlled by the Rule Family Trust. Mr. Doug Casey of Casey Research participated personally. Other investors include some long time Cornerstone shareholders and several high net worth accredited investors who are investing in Cornerstone for the first time. Cornerstone wishes to welcome the new shareholders and to express appreciation to all shareholders for their continued trust and confidence.

The proceeds of the issuance will be used to advance existing properties, to generate and acquire new exploration properties and to provide working capital to the Corporation.

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. The company operates exploration programs in Atlantic Canada and Ecuador.

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), the OTC in the USA (symbol CTNXF) and the Frankfurt Stock Exchange (symbol GWN).

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

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