Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") (TSX
VENTURE:CGP)(OTCBB:CTNXF)(FRANKFURT:GWN)(BERLIN:GWN) announces the following
project update for the Stage 2 drilling program at the Alpala prospect within
the Company's Cascabel copper-gold porphyry joint venture exploration project in
northern Ecuador. 


HIGHLIGHTS: 



--  Drill hole CSD-14-007 ("Hole 7") intersected 597.26m grading 0.46 %
    copper and 0.18 g/t gold from 654m to 1251.26m depth, including: 
    
    --  195.26m @ 0.67 % copper and 0.36 g/t gold from 1056m; 
    --  91.26m @ 0.83% copper and 0.57 g/t gold from 1160m; and 
    --  51.26m @ 1.05 % copper and 0.85 g/t gold from 1200m depth. 
        
--  Higher grade intervals are strengthening downward and are open at depth.
    
--  Increasing copper sulphide mineralization commenced from 540.70m depth
    and extends beyond the current hole depth of 1339.76 metres (at 8 am EST
    on July 15th). 
    
--  Broad zone of copper and gold mineralization discovered in Hole 7
    correlates with the same zone in Hole 5 located 150 metres to the
    southeast. 
    
--  Hole 7 is being deepened to a minimum depth of 1500 metres with a
    reduced drill core size, and will drill beyond 1500m if in strong
    mineralization. 
    
--  Confirmation of copper and gold mineralization extending from Hole 5 to
    Hole 7 reinforces the potential of the adjacent targets.  
    
--  Target location for Hole 8 is currently being refined.  



All reported intervals referred to in this news release are core lengths. At
present the true thicknesses are uncertain due to the early stage of drilling.


References to figures and photographs related to the version of this release on
the Company's website (www.cornerstoneresources.com) or visible in PDF format by
clicking the link below:


http://www.cornerstoneresources.com/i/pdf/NR14-18Figures.pdf.

FURTHER INFORMATION

Hole 7 Progress

Hole 7 was at a depth of 1339.76 metres at 8 am EST on July 15th. The hole was
reduced from NQ to BQ diameter at 1251.30 depth to enable the hole to be
deepened. Additional BQ rods purchased by the drill contractor from overseas
have arrived on site and were mobilized to the drill rig. Drilling of Hole 7
recommenced on July 12th.


The hole is continuing to intersect strong visible copper-sulphide
mineralization. Mineralization that continues to be encountered in the hole
comprises disseminated, stringer and vein-controlled, coarse grained
chalcopyrite hosted by a strongly potassic-altered diorite intrusion (see
photographic plates at above link). 


To date, the hole has intersected visible copper sulphides from 540.70 metres
depth to the current hole depth of 1339.76 metres, and yielding an interval of
visible mineralization extending for almost 800 metres down hole. This extensive
zone of visual copper sulphide mineralization is strengthening with depth, and
this trend closely mimics the modeled increasing magnetic susceptibility
(Figures 2 and 3).


The intersections encountered to date are listed in the Table below. Drilling is
continuing to extend this high-grade zone at depth. 




----------------------------------------------------------------------------
----------------------------------------------------------------------------
                    Depth    Depth    Interval                Au            
Hole ID              From       To         (m)   Cu (%)    (g/t)  Comment   
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
----------------------------------------------------------------------------
CSD-14-007            654  1251.26      597.26     0.46     0.18  Open at   
                                                                  depth     
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Incls.               1056  1251.26      195.26     0.67     0.36  Open at   
                                                                  depth     
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Incls.               1160  1251.26       91.26     0.83     0.57  Open at   
                                                                  depth     
                                                                            
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Incls.               1200  1251.26       51.26     1.05     0.85  Open at   
                                                                  Depth     
----------------------------------------------------------------------------
----------------------------------------------------------------------------



A highly encouraging feature of the strongly mineralized zone that is currently
being intersected in Hole 7 is the high abundance of associated hydrothermal
magnetite, the magnetic mineral that is the source of the modeled magnetic
anomaly in the Central Zone at Alpala. Thus the extensive modeled magnetic
anomaly and its down-dip extension to the southwest (Figure 2), and its
extensions portrayed in Figure 3, are robust targets for defining extensions to
the mineralization already discovered in Holes 5 and 7. 


Hole 7 is continuing to drill into the core of the modeled magnetic anomaly that
coincides with the mineralized potassic alteration zone.


About Cascabel

SolGold Plc owns 85% of the equity of Exploraciones Novomining S.A. ("ENSA"), an
Ecuadorean registered company that holds 100% of the Cascabel concession in
northern Ecuador. Cornerstone owns the remaining 15% of ENSA, which also holds
the rights to the La Encrucijada gold-silver project. SolGold is funding 100% of
the exploration at Cascabel and is the operator of the project with Cornerstone
Ecuador S.A. providing some exploration and administrative services.
Cornerstone's 15% interest is financed through completion of a feasibility
study. 


Cascabel is located in north-western Ecuador in an under-explored northern
section of the richly endowed Andean Copper Belt, 60 km northeast of the
undeveloped inferred resource of 982 million tons at 0.89% Cu Junin copper
project. (Mineralization identified at the Cu Junin copper project is not
necessarily indicative of the mineralization on the Cascabel Property). 


Qualified Person:

Yvan Crepeau, MBA, P.Geo., Cornerstone's Vice President, Exploration and a
qualified person in accordance with National Instrument 43-101, is responsible
for supervising the exploration program at the Cascabel project for Cornerstone
and has reviewed and approved the information contained in this news release.


Logging, sampling and assaying 

Holes referred to in this release were or are being drilled using HTW, NTW and
NQ core sizes (respectively 7.1, 5.6 and 4.8 cm diameter). Geotechnical
measurements such as core recovery, fracturing, rock quality designations
(RQD's), specific density and photographic logging are performed systematically
prior to assaying. The core is logged, magnetic susceptibility measured and key
alteration minerals identified using an on-site portable spectrometer. Core is
then sawed in half at Cornerstone's core logging facility and half of the core
is delivered by Cornerstone employees for preparation at Acme Analytical
Laboratories (ACME) affiliate laboratory in Cuenca. Core samples are prepared
crushing 1 kg to 80% passing 2 mm (10 mesh), splitting 250 g and pulverizing to
85% passing 0.075 mm (200 mesh) (ACME code R200-250). Prepared samples are then
shipped to ACME in Vancouver, Canada where samples are assayed for a
multi-element suite (ACME code 1E, 0.25g split, 4-acid digestion, ICP-ES
finish). Over limit results for Ag (greater than 100 g/t), Cu, Pb and Zn (each
one greater than 1%) are systematically re-assayed (ACME code 7 TD1 or 7 TD2,
4-acid digestion, ICP-ES finish). Gold is assayed using a 30 g split, Fire Assay
(FA) and AA or ICP-ES finish (ACME code G601). 


Quality assurance / Quality control (QA/QC)

The ACME affiliate preparation facility in Cuenca was audited by Cornerstone
prior to the start of the drilling program and ACME is an ISO 9001:2008
qualified assayer that performs and makes available internal assaying controls.
Duplicates, certified blanks and standards are systematically used (1 control
sample every 15 samples) as part of Cornerstone's QA/QC program. Rejects, a 100
g pulp for each core sample and the remaining half-core are stored for future
use and controls.


About Cornerstone:

Cornerstone Capital Resources Inc. is a well-funded mineral exploration company
based in Mount Pearl, Newfoundland and Labrador, Canada, with a diversified
portfolio of projects in 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.


Further information is available on Cornerstone's website:
www.cornerstoneresources.com and 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
For investor, corporate or media inquiries, please contact:
Investor Relations:
Email: ir@cornerstoneresources.ca
North America toll-free: 1 (877) 277-8377


Cornerstone Capital Resources Inc.
Toll Free at 1-877-277-8377
ir@cornerstoneresources.ca
www.cornerstoneresources.com