CGP Cornerstone Capital Resources Inc

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES 


Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") (TSX
VENTURE:CGP)(FRANKFURT:GWN)(BERLIN:GWN)(OTCBB:CTNXF) announces that the Board of
Directors of the Company has given approval to a non-brokered private placement
of up to 26,700,000 units ("Units") at $0.15 per unit for total gross proceeds
of $4.005 million (the "Offering"). Each Unit will consist of one common share
of the Company and one transferable share purchase warrant (a "Warrant"). Each
Warrant will entitle the holder thereof to acquire one common share of the
Company at a price of $0.35 for a period of 5 years from the closing date of the
Offering. 


All securities issued pursuant to this financing will be subject to a 4 month
hold period from the closing date. This Offering will be subject to all
necessary regulatory approvals, including approval of the TSX Venture Exchange,
and is expected to close the week of April 14, 2014.


Affiliates of Sprott Inc. ("Sprott") will act as finders in the private
placement. Finders' fees will consist of 7% cash or the equivalent in Units
payable on closing. The finders will also receive finders' warrants equal to 7%
of the aggregate number of Units placed by the finders, entitling finders to
purchase one common share of the Company at a price of $0.20 for a period of 5
years from the closing date. 


Brooke Macdonald, President & CEO of Cornerstone said, "We are very pleased to
be working with Sprott in completing this private placement. It will provide us
with funds to advance our 100% owned Ecuadorean gold properties, Vetas Grandes,
Bella Maria, and Cana Brava, and the Miocene project in Chile where we are
targeting epithermal gold-silver and porphyry gold-copper deposits along the
interpreted northern extension of the Maricunga magmatic belt which hosts
several world-class gold deposits, as well as expanding our generative
exploration activities in other parts of Ecuador and Chile. We continue to seek
partners for those projects." 


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 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. 


For investor, corporate or media inquiries, please contact: 

Investor Relations:

Email: ir@cornerstoneresources.ca

North America toll-free: 1 (877) 277-8377

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.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States of America. The
securities have not been and will not be registered under the United States
Securities Act of 1933 (the "U.S. Securities Act") or any state securities laws
and may not be offered or sold within the United States or to U.S. Persons (as
defined in the U.S. Securities Act) unless registered under the U.S. Securities
Act and applicable state securities laws, or an exemption from such registration
is available.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Cornerstone Capital Resources Inc.
Toll free: 1-877-277-8377
communications@crigold.com
www.cornerstoneresources.com

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