Cornerstone Capital Resources Inc.

Cornerstone Capital Resources Inc.

June 08, 2006 11:30 ET

Dennis Jones, P. Geo., Joins Cornerstone Advisory Board

MOUNT PEARL, NEWFOUNDLAND--(CCNMatthews - June 8, 2006) - Cornerstone Capital Resources Inc. (TSX VENTURE:CGP) (FWB:GWN) (BERLIN:GWN) is pleased to announce that Dennis Jones has joined its Advisory Board.

Dennis Jones is a professional geoscientist with almost forty years experience in the minerals industry. His last position, from which he recently retired, was Vice President Exploration for Iamgold Corporation, a Canadian gold mining and exploration company active in Africa and South America. Dennis was head of the exploration team that discovered the 3+ million ounce Quimsacocha gold deposit in Ecuador. His career also includes extensive experience as an international exploration and mining consultant and as a geologist and project manager with the United Nations where he was part of an initiative to build the mining industries of developing countries.

Mr. Jones is a Director of the Prospectors and Developers Association of Canada and Chair of the PDAC's Environmental Excellence in Exploration (E3) Committee and the Ad Hoc Committee For Corporate Social Responsibility. He recently accepted an invitation to join an Advisory Group to the Steering Committee established by the Department of Foreign Affairs & International Trade to organize a series of national roundtables on corporate social responsibility and the Canadian extractive sector in developing countries.

John Fleming, Cornerstone's Chairman and CEO, said: "We are delighted that Dennis Jones has agreed to join our Advisory Board. Throughout his extensive and varied career, Dennis has stressed the need for exploration to be conducted to the highest levels of environmental stewardship and social responsibility. We are fortunate to be able to draw on his interest and extensive experience."

Cornerstone also wishes to announce that 100,000 stock options have been granted to Mr. Jones. The options are exercisable at $0.53 in accord with company policy.

Cornerstone Capital Resources Inc. is a mineral exploration company based in Newfoundland & Labrador, Canada, with a diversified portfolio of projects in Canada and Ecuador. Cornerstone's current and past joint venture partners include Agnico Eagle, Candente, Celtic, Coastport, Falconbridge, Inmet/Woodruff, Kermode, Moydow, Noranda, Phelps Dodge, and Thundermin.

On Behalf of the Board of Directors

John Fleming, Chairman & CEO

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

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