Moydow Mines fka MOY

[Ed Monton]

Moydow mentioned here. Drilling at True Grit completed.


Many of our shareholders are inquiring about the recent flurry of trading activity. No material change has occurred with Cornerstone, but there are four recent noteworthy items of interest;

1. A first phase drilling program was completed recently on Cornerstone's True Grit project by JV partner, Moydow Mines. Results from assay testing have not yet been received but there may be some speculation going on in the market in association with this.

2. Last week a company that holds a land position in the Cape Ray area announced good results from recent drilling. Cornerstone holds the ground completely surrounding them. Again there may be some speculation going on in the market in association with this.

3. A well known and well respected letter writer in the USA, Paul van Eeden www.pve.net/, who along with Doug Casey are the editors of the International Speculator, last week issued a very positive recommendation on Cornerstone. It was this that recommendation that seems to have sparked some trading activity.

The International Speculator has a base of subscribers who pay $1,500.00 US per year to subscribe to the news letter. Cornerstone has permission to send you a copy of their Cornerstone recommendation to our shareholders on June 30, which provides time for their 'paid' subscriber base to see and act on the recommendation before it is generally available to the public.

4. On June 19 Cornerstone announced the appointment of Jonathan Challis, President, Shore Gold Inc. www.shoregold.com/ii.html and Gary German, President, Falcon Strategy & Management Company, Kingsdale Capital Corporation www.kingsdalecapital.com/falcon-MIDDLE.html to Cornerstone's newly formed Advisory Board.

Best regards.

Investor Relations
Cornerstone Resources Inc.
TSXV - "CGP"
[e-mail]
www.cornerstoneresources.com
Local 745-8377
1-877-277-8377