Re: Thursday, June 19, 2008

Cornerstone Update

ECUADOR:

Finally it seems that some life is trickling back into some Ecuadorian stocks as there are some 'encouraging' reports through some news groups such as the one at http://seekingalpha.com/article/8074... . At Cornerstone we are maintaining a wait and see attitude while working closely with the Ecuador Chamber of Mines and the MMP as one of the eight companies that now form the "Consejo de Mineras Canadienses" (CONMIN). This group of eight responsible Canadian mining and exploration companies (including CESA, Cornerstone's wholly owned Ecuadorian subsidiary) is working hard to find a way to ensure that the interests of the companies are protected through the regulations of the mandate.

Before the mining moratorium was imposed on April 18, 2008 Cornerstone was working on the Macara Gold project with Newmont, the Shyri Gold project with Coastport, the La Plata Gold rich VMS project with Sultana and other 100% wholly owned promising Cornerstone properties. Investors may refresh their memories on some of these projects by visiting http://www.cornerstoneresources.com/... .