CCC Cornerstone Metals (delisted)

Cornerstone Metals Inc. (the "Company") (TSX VENTURE:CCC) is pleased to announce
that, further to its news releases of October 15, 2012, October 26, 2012, and
November 20, 2012, it has closed the second tranche of a non-brokered private
placement offering (the "Private Placement") and issued 880,000 units ("Units")
of the Company at a purchase price of $0.125 per Unit for gross proceeds of
$110,000. Each Unit consists of one (1) common share in the capital of the
Company ("Common Share") and one (1) Common Share purchase warrant of the
Company ("Warrant"). Each Warrant entitles the holder to purchase one (1) Common
Share at a purchase price of $0.20 per Common Share exercisable on or before
June 3, 2014. The Company has also issued 70,400 share purchase warrants (the
"Finder's Warrants"), and paid the sum of $8,800 as a finder's fee to one person
in connection with the Offering. The Units, and any securities issued upon the
exercise of the warrants and the Finder's Warrants, are subject to a hold period
expiring at midnight on April 3, 2013. 


The Company intends to use the proceeds of the Private Placement for general
working capital.


About the Company 

Cornerstone Metals Inc. owns 100% (subject to 1.5% NSR's) of the 12,066 hectare
Spences Bridge Gold Project near Merritt, BC. The Spences Bridge project is an
exploration project focused on gold in the Spences Bridge Gold Belt. 


Cornerstone is also seeking advanced stage exploration projects or
development/production stage projects in precious metals or copper in the
Americas. The Company has a core competence of taking exploration - staged
projects to production. Management and board expertise includes exploration,
permitting, development and production of open pit and underground hard rock
mines. 


On Behalf of the Company 

Courtney Shearer,  - interim - CEO and President 

Forward-Looking Statements 

This press release contains forward-looking statements. All statements, other
than statements of historical fact, constitute "forward-looking statements" and
include any information that addresses activities, events or developments that
the Company believes, expects or anticipates will or may occur in the future
including the Company's use of proceeds of the Private Placement, strategy, or
future financial or operating performance and other statements that express
management's expectations or estimates of future performance. 


Forward-looking statements are generally identifiable by the use of the words
"may", "will", "should", "continue", "expect", "anticipate", "estimate",
"believe", "intend", "plan" or "project" or the negative of these words or other
variations on these words or comparable terminology. All such forward-looking
information and statements are based on certain assumptions and analyses made by
the Company's management in light of their experience and perception of
historical trends, current conditions and expected future developments, as well
as other factors management believes are appropriate in the circumstances. These
statements, however, are subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity, performance
or achievements of the Company to be materially different from those expressed,
implied by or projected in the forward-looking information or statements.
Important factors that could cause actual results to differ from these
forward-looking statements include but are not limited to: risks related to the
exploration and potential development of the Company's projects, risks related
to international operations, the actual results of exploration activities,
conclusions of economic evaluations, changes in project parameters as plans
continue to be refined, future prices of gold, as well as those factors
discussed in the sections relating to risk factors of the Company set out in the
Company's MD&A filed on SEDAR. 


There can be no assurance that any forward-looking statements will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, the reader should not place any
undue reliance on forward-looking information or statements. Except as required
by law, the Company does not intend to revise or update these forward-looking
statements after the date of this document or to revise them to reflect the
occurrence of future unanticipated events.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Cornerstone Metals Inc.
Courtney Shearer
Interim CEO and President
(403) 804-8636
(888) 255-9404 (FAX)
courtneyshearer@me.com

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