Cornerstone and Newmont....

[soonerlew]

Newmont and Cornerstone
« Thread Started on Today at 2:52pm »

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If you haven't seen our news release from Friday please go to
www.cornerstoneresources.com/s/NewsReleases.asp

Newmont, www.newmont.com/en/index.asp, is going to do a $1M
private placement in Cornerstone priced at a premium to market which
will be spent on a Phase I program evaluating a large prospective area
of Southern Ecuador for gold. If they elect to go into Phase II they
then can earn 51% by spending $3M over 4 years on any projects that
Cornerstone identifies within the Macara project area that meets their
bar. Cornerstone will have access to Newmont technologies that have
proven mine-finding capabilities.

We are very pleased with this deal because:

1. By choosing to partner with Cornerstone it's an endorsement of
Cornerstone in Ecuador. Cornerstone is their partner of choice.
2. It's an endorsement of Cornerstone's technical abilities to generate
high quality early stage exploration projects.
3. It suggests they are impressed with the way Cornerstone operates.
This is significant because Cornerstone has been there only since 2005.
4. It's an endorsement of the technical merits of the Macara project.
5. The $1M financing with a 20% premium (it will be done at approx
$0.83 -- we closed Friday at $0.71) is an endorsement of Cornerstone
corporately, and what Cornerstone has in the pipeline, especially
upcoming drilling on the Shyri gold project which is in Ecuador and
near to Iamgold's Quimsacocha project.
6. It's an endorsement of Ecuador's mineral potential.
7. It's a positive statement about the political risk and the future of
mining in Ecuador.
8. They are the first major producer to enter Ecuador in this cycle and
they are doing it with Cornerstone.

This is a significant deal given the socio-political environment in
Ecuador and the short time we have been there.

To look at the project area, which extends south to the Peru border, go
to www.cornerstoneresources.com/s/Ecuador.asp?ReportID=136201.
This map will also help you to see the Macara project geographically in
relation to other projects in Ecuador.

Best regards.
Glen

Glen H. McKay, President & CEO
Cornerstone Capital Resources Inc.
Excellence in Mineral Exploration
"People, Process, Projects"
TSXV - "CGP" / OTC - "CTNXF"
F - "GWN" / B - "GWN"
Email: [e-mail]
Skype: glenmckay
www.cornerstoneresources.com
Direct Line 1-709-747-1829 (NL)
Direct Line 1-780-968-5064 (AB)
Toll Free 1-877-277-8377
Cell 1-709-690-0761
Fax [phone]

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Copyright (c) 2007 CORNERSTONE CAPITAL RESOURCES INC. (CGP) All rights
reserved. For more information visit our website at
www.cornerstoneresources.com/ or send
mailto:[e-mail]
Message sent on Mon Oct 22, 2007 at 1:00 PM


thanks to medicalpete........................

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