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Cornerstone Announces Receipt of Environmental License for the Bella Maria Project, Ecuador

Date : 06/04/2012 @ 8:00AM
Source : Marketwired
Stock : Cornerstone Cap. Res New (GWN)
Quote : 0.548  0.0 (0.00%) @ 11:50PM
Cornerstone Cap. Res New share price Chart

Cornerstone Announces Receipt of Environmental License for the Bella Maria Project, Ecuador

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Cornerstone Capital Resources Inc. ("Cornerstone") (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (OTCBB:CTNXF) today announced that the Ministry of Environment of Ecuador has granted the Environmental License for Cornerstone's Bella Maria porphyry gold-copper project located in El Oro province in southern Ecuador. The license is valid for the 4-year initial exploration phase (prior to drilling) of the 1,401 hectare concession. Authorization to resume activities by the Ministry of Non-Renewable Natural Resources and results of exploration work were previously announced on May 11, 2012. Although at an early stage, initial results indicate that the property has excellent potential for hosting significant gold and copper mineralization. Cornerstone is seeking potential partners to aggressively explore this property in the coming months.

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. Commitments from JV partners constitute significant validation of the strength of Cornerstone's projects.

The link to a recent Corporate presentation is:

http://www.cornerstoneresources.com/i/pdf/Presentations_0412_CRICorporate.pdf

Investors can also access Cornerstone on Twitter

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,

Brooke Macdonald, President and CEO

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.

Contacts: Cornerstone Capital Resources Inc. Investor Relations Martti Kangas 1 (416) 367-5124 Cornerstone Capital Resources Inc. Investor Relations Paul Benwell/Pat Kairns 1 (514) 904-1333 Cornerstone Capital Resources Inc. North America 1 (877) 277-8377communications@crigold.com www.cornerstoneresources.com



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