Cornerstone Capital Resources Inc. has learned that remarks by Ecuador's new Minister of Mines and Petroleum, Sr. Derlis Palacios, indicate the new mining law should be enacted by early January, 2009.

The appointment of Sr. Palacios to replace outgoing Minister Galo Chiriboga was announced earlier this month. Speaking to a group of geologists and engineers in Cuenca last week, Minister Palacios said that the new mining law would be "socialized;" that is, available for public review and comment, over the next three to four weeks before being submitted to the "congresillo" (the transitional legislative assembly) for final passing into law. T

he final draft law is expected to be available for consultation on the ministry's website Oct. 28. In the meantime, a director of the ministry confirmed on Oct. 22 that the mining mandate issued on April 18 this year will continue until Jan. 2, 2009, at which time its original term of 180 working days will expire. Cornerstone will provide further updates as new information becomes available.

Cornerstone has maintained key staff in Ecuador during the mining moratorium and is well positioned to reactivate exploration programs on its high-potential Shyri project with its partner, Coastport Capital Inc., and the Macara project with its strategic partner, Newmont Mining Corporation. Cornerstone also has excellent precious metal prospects on its 100-per-cent-owned Monterrey and Bella Maria properties.

We seek Safe Harbor.