Moydow Mines fka MOY

[Ed Monton]

NEWS.........

Moydow Mines To Commence Drilling on Cornerstone's True
Grit Project

MOUNT PEARL, NEWFOUNDLAND and LABRADOR--Cornerstone Capital
Resources Inc. (TSXV - CGP) is pleased to announce that joint
venture partner Moydow Mines International Inc. (TSX - MOY) is
set to commence drilling on the True Grit Gold Project in
south-central Newfoundland.

The True Grit property, 356 claims covering 89 sq km, contains
two primary target areas originally discovered by Teck
Exploration in 1989-90 during regional follow-up of lake sediment
geochemical anomalies. The two areas, named True Grit and Golden
Grit, are characterized by widespread soil and till geochemical
anomalies associated with deformed, carbonaceous, calcareous
metasediments.

This first phase of drilling will comprise a 1,000-meter, 12 to
18 hole program. The drilling will focus on the True Grit
prospect, which is within a 2600 m by 800 m area with coincident
gold, arsenic and antimony soil anomalies. High grade quartz
veins on the western flank of this anomalous area assayed 15.9
g/t gold over 1.0 m and 18.0 g/t gold over 0.5 m. Approximately
1.2 km to the southeast of these veins is a broad zone of
low-grade mineralization within a sequence of inter-bedded
pelites and lesser siltstones carrying 1 to 3% finely
disseminated arsenopyrite-pyrrhotite-pyrite and numerous narrow
quartz veinlets. Trenching in the zone by Teck gave 0.48 g/t gold
over 47 m and 0.7 g/t gold over 14.0 m, and two drill holes gave
wide intersections of low-grade mineralization with up to 0.48
g/t Au over 42.7 m reported. This zone appears to be open in all
directions.

The geological setting, style of mineralization and geochemical
association of gold with arsenic, antimony - and locally
tellurium, tungsten and bismuth - suggest similarities to
"orogenic-style" gold deposits such as those found in the
prolific Tien Shan region of central Eurasia.

The agreement with Moydow Mines on the True Grit Property is one
of eight joint venture agreements Cornerstone now has in place,
including seven gold projects and one VMS project. Other
Cornerstone projects in Newfoundland & Labrador target potential
deposits of iron-oxide copper/gold, sedimentary stratiform
copper, and platinum group elements.

On Behalf of the Board of Directors

Glen H. McKay, President

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FOR FURTHER INFORMATION PLEASE CONTACT:
Cornerstone Capital Resources Inc.
Glen H. McKay
President
1-877-277-8377
Email: [e-mail]
Website: www.cornerstoneresources.com
The TSX Venture Exchange (TSXV) has not reviewed and does not
accept responsibility for the adequacy or accuracy of this
release.