TSX.V: CCC OTCQB®: CCCCF Frankfurt: 1PY

subpage_banner1.jpg

April 17, 2018 - Vancouver, British Columbia Cornerstone Metals Inc. (TSX-V: CCC) (OTCQB: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) announces the results of the final 7 holes, DDC18-14 to DDC18-20, of the 20-hole confirmation diamond drilling program on its Carlin Vanadium Project, Nevada. The Carlin Vanadium Project is one of the largest, richest primary vanadium deposits in North America (USGS Professional Paper 1802 Critical Mineral Resources of the United States—Economic and Environmental Geology and Prospects for Future Supply dated December 18, 2017).

The confirmation drill program:

  • Confirmed and improved the confidence of the geological model of the deposit
  • Confirmed and improved continuity of grade and thickness of the high-grade near surface vanadium unit
  • Provided samples from across the full span of the deposit for metallurgical test work, which has been initiated through Sherritt Technologies

Based upon the strong results of the confirmation drill program, together with a review of historic data, Cornerstone Metals is now planning a Phase 2 drill program comprised of a 50 – 70 hole reverse circulation drill program with the objective to expand the dimensions of the deposit before completing a resource estimate. Permitting necessary to support the Phase 2 program is in place and Cornerstone has put the drill program out to tender.

“The grades and widths from our drilling have been highly encouraging. The success of the 20-hole confirmation drill program enables us to embark on a Phase 2 drilling program, which we see as a valuable cost effective plan-of-action for our shareholders,” said Cornerstone President and Chief Executive Officer Paul Cowley.

New Drill Results in Detail

The Carlin Vanadium deposit covers an area 2km long by up to 700m wide and can be subdivided into 4 sectors; the Southern, Central, Northern and Western sectors. The seven final reported holes span the Southern, Central and Northern sectors. An updated map has been placed on the Company’s website (http://cornerstonemetals.ca/images/Resource-verification-drilling-A-F.jpg) to graphically demonstrate the Cornerstone and historic drill hole collars, outer limits of the historic resource and the sectors. The section lines A through D and the first 13 confirmation holes were described in the February 28, 2018 and March 4, 2018 news releases.

Four newly reported holes, DDC18-17 through DDC18-20 are in the Southern sector along the 400m long Section line F on the map and tabled below with Cornerstone Metals’ and Union Carbide’s holes along the section line. From the table below, the average grade of drill intercepts within the high-grade vanadium unit along Section line F is 0.88% V2O5.

Intercepts Along Section F

Hole ID

From (m)

To (m)

Length (m)

V2O5 %

Zn (%)

Ag (g/t)

DDC18-20

19.50

52.00

32.50

0.82

0.37

5.4

R-83

41.15

76.20

35.05

1.16

0.38

N/A

DDC18-17

43.50

77.00

33.50

0.83

0.26

5.6

R-16

0.00

24.38

24.38

1.17

N/A

N/A

DDC18-18

51.00

87.00

36.00

1.09

0.56

4.7

DDC18-19

28.50

76.00

47.50

1.08

0.43

5.9

R-94

18.29

76.20

79.25

0.96

0.46

N/A

R-5

10.67

64.01

53.34

0.44

N/A

N/A

R-96

6.10

41.15

35.05

0.43

0.12

N/A

R holes are historic drill holes, N/A = not analyzed

The Southern sector appears to be a faulted segment of the deposit, as the high-grade vanadium unit dips from 15-35o, unlike the horizontal orientation of the rest of the deposit. True thickness estimates of intercepts in the Southern sector are 80-95% of the intercept length. The estimated average true thickness of the high-grade vanadium unit from holes along Section line F is roughly 30 metres.

Holes DDC18-15 and 16 lie along the 620m long north-south Section line E on the map and are tabled below with other intercepts from both Cornerstone Metals’ and Union Carbide’s holes along the section line. Section line E spans the Central and Northern sectors of the deposit. From the following table, the average grade and true thickness of the high-grade vanadium unit from intercepts along Section line E is 0.76% V2O5 and 34.3 metres.

Intercepts Along Section E

Hole ID

From (m)

To (m)

Length (m)

V2O5 %

Zn (%)

Ag (g/t)

R-25

0.00

18.29

18.29

0.90

N/A

N/A

R-9

0.00

28.96

28.96

0.64

N/A

N/A

R-6

16.76

36.58

19.82

1.23

0.32

N/A

R-12

19.81

56.39

36.58

0.94

0.11

N/A

DDC18-15

1.83

43.00

41.17

0.38

0.10

3.3

R-61

15.24

53.34

38.10

0.54

0.14

N/A

R-66

59.44

77.72

18.28

0.59

0.17

N/A

DDC18-16

8.50

71.50

63.00

0.83

0.55

15.9

R-67

12.19

60.96

48.77

0.92

0.35

N/A

R-69

1.52

41.15

39.63

0.74

0.60

N/A

R-21

3.05

47.24

44.19

0.81

N/A

N/A

R-48

27.43

60.96

33.53

0.98

0.42

N/A

R-46

9.14

24.38

15.24

0.40

0.32

N/A

R holes are historic drill holes, N/A = not analyzed

Hole DDC18-14 falls along the 620m long Section line A on the map and tabled below with other intercepts from both Cornerstone Metals’ and Union Carbide’s holes, which were previously reported on February 28, 2018. From the following table, the average grade and true thickness of the high-grade vanadium unit from intercepts along Section line A is 0.75% V2O5 and 23.7 metres.

Updated Table of Intercepts Along Section A

Hole ID

From (m)

To (m)

Length (m)

V2O5 %

Zn (%)

Ag (g/t)

R-33

1.52

25.96

27.44

0.99

0.36

N/A

DDC17-04

5.18

20.50

15.32

0.75

0.17

11.6

R-63

0.00

25.91

25.91

0.57

0.44

N/A

DDC17-05

3.67

29.00

25.33

1.07

0.33

7.6

R-30A

0.00

19.81

19.81

0.73

0.17

N/A

DDC18-06

15.60

34.50

18.90

1.07

0.47

7.1

R-71

6.10

42.67

36.57

0.73

0.35

N/A

DDC18-14

20.50

56.50

36.00

0.77

0.35

5.4

R-72

33.53

51.82

18.29

0.81

0.34

N/A

R-41

51.82

67.06

15.24

0.64

0.30

N/A

R-37

54.86

79.25

24.39

0.50

0.22

N/A

R-38

18.29

39.62

21.33

0.64

0.46

N/A

R holes are historic drill holes, N/A = not analyzed; DDC17-04 to 06 previously reported

Additional Twinned Hole Results

Two of the newly reported holes specifically twinned Union Carbide rotary holes from 1967 to confirm and compare rotary results (depth, thickness and grade of the high grade vanadium unit) to diamond drill core results. In both cases the twinned holes compared very well with Union Carbide holes in the depth, thickness and grade of the high-grade vanadium unit.

Twinned Holes Comparison

Company

Hole ID

From (m)

To (m)

Length (m)

V2O5 %

Zn (%)

Ag (g/t)

Union Carbide

R-94

18.29

76.20

57.91

0.96

0.46

N/A

Cornerstone Metals

DDC18-19

28.50

76.00

47.50

1.08

0.43

5.9

Union Carbide

R-67

12.19

60.96

48.77

0.92

0.35

N/A

Cornerstone Metals

DDC18-16

8.50

71.50

63.00

0.83

0.49

15.9

The confirmation drilling program was supervised by Paul Cowley, P.Geo., President and CEO of the Company and the Qualified Person for the program. Drill core recoveries averaged 85%. Industry standard quality control and quality assurance protocols have been followed in handling, sampling and shipping the core. The core has been photographed, geotechnically logged and geologically logged. Extensive specific gravity measurements have been taken on the core to aid in a future mineral resource estimation. The core has been cut in half, with one half sent for analysis and the other half stored as witness core in a secure dry facility in Elko, Nevada. Samples have been sent for analyses to MS Analytical, an ISO 17025 accredited laboratory.

The Carlin Vanadium deposit has a historic Inferred mineral resource estimate of 28 million tons at 0.515% vanadium pentoxide (V2O5), having a total metal content of 289 million pounds V2O5, defined by Dr. Bart Stryhas of SRK Consulting (USA), Inc. in 2010. The estimate was based on a 0.3% V2O5 cut-off grade with the reasonable potential for economic extraction under a conceptual open pit mining and milling scenario and defined by 127 rotary holes completed by Union Carbide in the late 1960s. V2O5 grades were estimated using an Inverse Weighting to the second power. The results of the 2010 resource estimation provided a CIM classified Inferred Mineral Resource. The quality of the historical data was good and the Mineral Resource was classified as inferred mainly due to the fact that the rotary drilling had not been verified by a modern program. The historical estimate does not include any recent data available to the Company. The Company is not treating this historical estimate as current mineral resources and as such, should not be relied upon. The work needed to upgrade the historical estimate as current mineral resources is to use current costs and metal prices and include the results from the verification diamond drilling program. 

Vanadium’s Growing Importance for Steel Manufacturing

Vanadium is growing in importance for key industrial manufacturing sectors most notably steel and renewable energy. Today, more than 85 percent of the world’s vanadium is used in steel manufacturing applications. Its importance to the energy sector is also growing rapidly with more than 10 percent of vanadium production used in energy storage where its substantial cost and performance benefits make it an alternative choice to lithium ion in several areas. Vanadium pentoxide flake prices have risen over the last 2.5 years from under US$3/lb to US$15.40/lb today. 

About Cornerstone Metals Inc.

Cornerstone’s objective is to advance exploration/development stage copper, precious and strategic minerals properties to production in the Americas. The Company’s management and board core competence is in exploration, permitting, development, construction, and operating high value mining projects.

Cornerstone Metals has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County 22km by road (14 miles) from the town of Carlin, Nevada. The project is comprised of 72 contiguous unpatented mineral claims totaling 461 hectares (1,140 acres). The Carlin Vanadium Project hosts the Carlin Vanadium Deposit which is locally exposed on surface, where it cuts topography, but is mostly found at shallow depths, commonly between 0-60m (0-200 ft) below surface.

Cornerstone Metals also owns 100% (subject to 1.5% NSR) of the West Jerome property, near Jerome, Arizona, on the west side of Freeport McMoRan patented lands. The property, in a Volcanogenic Massive Sulfide camp, is a high-grade, massive sulfide target located 2.4 km south of the past-producing United Verde (32 million tons grading 4.4% copper, 1.5 oz/t silver and 0.04 oz/t gold). The West Jerome property has attractive untested drill targets. 

ON BEHALF OF CORNERSTONE METALS INC.

per: "Paul Cowley"
CEO & President
(604) 340-7711
This email address is being protected from spambots. You need JavaScript enabled to view it.

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company’s ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project and with respect to current and planned drill programs, the results of exploration programs, and changes in mineral resources. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

April 6 , 2018 - Vancouver, British Columbia Cornerstone Metals Inc. (TSX-V: CCC) (OTCQB: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) announces the grant of 1,250,000 stock options to directors, officers, and consultants of the Company, at an exercise price of $0.56 per share, for a five year term, subject to the terms and conditions of the Company’s stock option plan. Following this grant of stock options, the Company has a total of 3,090,000 stock options outstanding, representing 9.9% of the outstanding common shares of the Company.

ON BEHALF OF CORNERSTONE METALS INC.

per: "Paul Cowley"
CEO & President
(604) 340-7711
This email address is being protected from spambots. You need JavaScript enabled to view it.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

April 4 , 2018 - Vancouver, British Columbia Cornerstone Metals Inc. (TSX-V: CCC) (OTCQB: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) announces the results of 5 holes, DDC18-09 to DDC18-13, of the 20 hole confirmation diamond drilling program on its Carlin Vanadium Project, Nevada. The Carlin Vanadium Project is one of the largest, richest primary vanadium deposits in North America (USGS Professional Paper 1802 Critical Mineral Resources of the United States—Economic and Environmental Geology and Prospects for Future Supply dated December 18, 2017).

Four of the newly reported holes were infill diamond drill holes. In addition, Cornerstone’s diamond drill hole DDC18-09 specifically twinned a Union Carbide rotary hole R111A from 1967 to confirm and compare rotary results (depth, thickness and grade of the high grade vanadium unit) to diamond drill core results, besides comparing historic to modern analytical techniques. DDC18-09 compared very well with R111A in the depth and thickness of the high-grade vanadium unit. Surprisingly though, the grade encountered in DDC18-09 was 65% higher than in the historic rotary hole R-111A as tabled below:

Twin Hole Comparison

Company

Hole ID

From (m)

To (m)

Length (m)

V2O5 %

Zn (%)

Ag (g/t)

Union Carbide

R-111A

7.62

56.39

48.77

0.89

0.22

N/A

Cornerstone Metals

DDC18-09

10.00

56.50

46.50

1.47

0.33

7.5

“Many of our verification holes within the confines of the historic resource area have returned higher grades than their neighbouring historic holes. Now, with this first twinned hole, there is growing evidence to suggest that historic grades may be understated”, said Cornerstone President and Chief Executive Officer Paul Cowley.

The Carlin Vanadium deposit has a historic Inferred mineral resource estimate of 28 million tons at 0.515% vanadium pentoxide (V2O5), having a total metal content of 289 million pounds V2O5, defined by Dr. Bart Stryhas of SRK in 2010. The estimate was based on a 0.3% V2O5 cut-off grade with the reasonable potential for economic extraction under a conceptual open pit mining and milling scenario and defined by 127 rotary holes completed by Union Carbide in the late 1960s. V2O5 grades were estimated using an Inverse Weighting to the second power. The results of the 2010 resource estimation provided a CIM classified Inferred Mineral Resource. The quality of the historical data was good and the Mineral Resource was classified as inferred mainly due to the fact that the rotary drilling had not been verified by a modern program. The historical estimate does not include any recent data available to the Company. The Company is not treating this historical estimate as current mineral resources and as such, should not be relied upon. The work needed to upgrade the historical estimate as current mineral resources is to use current costs and metal prices and include the results from the verification diamond drilling program.

Results in Detail

The Carlin Vanadium deposit, as it is known to date, covers an area 2km long by up to 700m wide and can be subdivided into 4 sectors; the Southern, Central, Northern and Western sectors. The five newly reported holes are all within an area 275m by 60m in the Central sector. An updated map has been placed on the Company’s website (http://cornerstonemetals.ca/images/PDF/Resource_verification_drilling_A-D.pdf) to graphically demonstrate the Cornerstone and older drill hole collars, outer limits of the historic resource and the sectors. The section lines A through C and the first eight confirmation holes were described in the February 28, 2018 news release.

The five newly reported holes align on Section line D of the map. As a way to compare the newly reported DDC18-09 to DDC18-13 results to neighbouring older holes, a 500m long north-south section line D has been drawn though these holes and other historic holes, with their intercepts listed in the following table.

All drilling on the property to date has been vertical and the high grade zone is interpreted to be horizontal, therefore all drill intercepts are considered to be true thickness.

Drill Intercepts Along Section D

Hole ID

From (m)

To (m)

Length (m)

V2O5 %

Zn (%)

Ag (g/t)

DDC18-09

10.00

56.50

46.50

1.47

0.33

7.5

R-77

6.10

32.00

25.90

0.54

0.20

N/A

DDC18-08

21.00

60.00

45.00

0.84

0.38

6.5

R-76

0.00

10.67

10.67

0.69

0.27

N/A

DDC18-12

0.25

15.00

14.75

0.68

0.16

5.8

and

27.00

33.00

5.00

0.36

0.22

1.8

DDC18-11

9.00

58.50

49.50

0.45

0.23

2.8

R-75

4.57

48.77

44.20

1.40

0.41

N/A

DDC18-10

21.00

61.50

40.50

0.55

0.20

2.6

R-18

3.05

44.20

41.15

0.69

N/A

N/A

DDC18-13

3.00

40.00

37.00

1.02

0.38

5.0

R-40

12.19

47.24

35.05

0.70

0.37

N/A

R-70

12.19

24.38

12.19

0.80

0.34

N/A

DDC18-06

15.60

34.50

18.90

1.07

0.47

7.1

R holes are historic drill holes, DDC18-06 and -08 were previously reported, N/A = not analyzed

The table above demonstrates that the Cornerstone drilling favourably supports the neighbouring historic holes with zone continuity in similar width and grade where the zone was expected. This demonstrates a widespread near surface horizontal high grade mineralized zone. Holes DDC17-09 and DDC18-13 yielded higher grades than the average intercept in the section line table.

The drilling program was supervised by Mr. Cowley, P.Geo., President and CEO of the Company and Qualified Person for the program. Drill core recoveries averaged 85%. Industry standard quality control and quality assurance protocols have been followed in handling, sampling and shipping the core. The core has been photographed, geotechnically logged and geologically logged. Extensive specific gravity measurements have been taken on the core to aid in a future mineral resource estimation. The core has been cut in half, with one half sent for analysis and the other half stored as witness core in a secure dry facility in Elko, Nevada. Samples have been sent for analyses to MS Analytical, an ISO 17025 accredited laboratory. 

Vanadium’s Growing Importance

Vanadium is growing in importance for key industrial manufacturing sectors most notably steel and renewable energy. Today, more than 85 percent of the world’s vanadium is used in steel manufacturing applications. Its importance to the energy sector is also growing rapidly with more than 10 percent of vanadium production used in energy storage where its substantial cost and performance benefits make it an alternative choice to lithium ion in several areas. Vanadium pentoxide flake prices has risen over the last 2.5 years from under US$3/lb to US$15.40/lb today. 

About Cornerstone Metals Inc.

Cornerstone’s objective is to advance exploration/development stage copper, precious and strategic minerals properties to production in the Americas. The Company’s management and board core competence is in exploration, permitting, development, construction, and operating high value mining projects.

Cornerstone Metals has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County 22km by road (14 miles) from the town of Carlin, Nevada. The project is comprised of 72 contiguous unpatented mineral claims totaling 461 hectares (1,140 acres). The Carlin Vanadium Project hosts the Carlin Vanadium Deposit which is locally exposed on surface, where it cuts topography, but is mostly found at shallow depths, commonly between 0-60m (0-200 ft) below surface.

Cornerstone Metals also owns 100% (subject to 1.5% NSR) of the West Jerome property, near Jerome, Arizona, on the west side of Freeport McMoRan patented lands. The property, in a Volcanogenic Massive Sulfide camp, is a high-grade, massive sulfide target located 2.4 km south of the past-producing United Verde (32 million tons grading 4.4% copper, 1.5 oz/t silver and 0.04 oz/t gold). The West Jerome property has attractive untested drill targets. 

ON BEHALF OF CORNERSTONE METALS INC.

per: "Paul Cowley"
CEO & President
(604) 340-7711
This email address is being protected from spambots. You need JavaScript enabled to view it.

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company’s ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project and with respect to current and planned drill programs, the results of exploration programs, and changes in mineral resources. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

March 27, 2018 - Vancouver, British Columbia Cornerstone Metals Inc. (TSX-V: CCC) (OTCQB: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) is pleased to announce that it has closed its non-brokered private placement previously announced March 1, 2018 and subsequently amended on March 2, 2018 to increase the number of units offered. The Company has issued an aggregate of 10,000,000 units at a price of $0.30/unit for gross proceeds of $3,000,000. Securities issued pursuant to the private placement will be subject to a four month hold period until July 28, 2018.

Insiders of the Company purchased a total of 394,700 units under the private placement, which is considered a related party transaction within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in Sections 5.5(a) and 5.7(a), respectively, of MI 61-101 in respect of such insider participation. No new insiders and no control persons were created in connection with the private placement.

In connection with the private placement, the Company paid cash finder’s fees totaling $53,184.60.

About Cornerstone Metals Inc.

Cornerstone’s objective is to advance exploration/development stage copper, precious and strategic minerals properties to production in the Americas. The Company’s Management and Board Core Competence is in exploration, permitting, development, construction, and operation of mining projects.

The Company has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County 22km by road (14 miles) from the town of Carlin, Nevada, and is comprised of 72 contiguous unpatented mineral claims totaling 461 hectares (1,140 acres). The Carlin Vanadium Project hosts the Carlin Vanadium Deposit which is approximately 55m (180 feet) thick striking north-south over 1,860m (6,100ft) in length and dipping 5°-30° west averaging 760m (2,500ft) of down dip extent from surface. The deposit is locally exposed on surface, where it cuts topography, but mostly is found at shallow depths, commonly between 15-60m (50-200 ft) below surface.

Cornerstone also owns 100% (subject to 1.5% NSR) of the West Jerome property, near Jerome, Arizona, on the west side of Freeport McMoRan patented lands. The property, in a Volcanogenic Massive Sulfide camp, is a high-grade, massive sulfide target located 2.4 km south of the past-producing United Verde (32 million tons grading 4.4% copper, 1.5 oz/t silver and 0.04 oz/t gold). The West Jerome property has attractive untested drill targets.

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

ON BEHALF OF CORNERSTONE METALS INC.

per:

“Paul Cowley”

President & CEO

For further information, please contact:

Paul Cowley

Tel: (604) 340-7711

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Forward-looking information

 

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. In particular, this news release contains forward-looking information regarding the use of proceeds of the private placement and the acquisition of the Carlin Vanadium Project, Nevada. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. These assumptions include, but are not limited to: future costs and expenses being based on historical costs and expenses, adjusted for inflation; and market demand for, and market acceptance of, the offering. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

March 2, 2018 - Vancouver, British Columbia Cornerstone Metals Inc. (TSXV – CCC) (“Cornerstone” or the “Company”) is pleased to announce that it is over-subscribed for its non-brokered private placement, previously announced March 1, 2018. Accordingly, the Company will be increasing its private placement such that it now proposes to sell and issue up to 10,000,000 units at a price of $0.30/unit for gross proceeds of up to $3,000,000.

Each unit will be comprised of one share and one half warrant. Each full warrant will be exercisable into one common share for a period of two years at an exercise price of $0.45 per share. The warrants are subject to an acceleration clause should the common shares trade at a price of $0.70 or greater for 10 consecutive trading days.

The proceeds of the private placement will be used to carry out exploration programs, metallurgical test work, environmental and engineering studies on the Company’s Carlin Vanadium Project and West Jerome property and for general working capital. The Company may pay a finder’s fee of cash, to eligible persons, in compliance with applicable securities laws and exchange policies. There is no material fact or material change about Cornerstone that has not been generally disclosed. This financing is subject to TSXV approval.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 as amended (1933 Act), or any state securities laws, and may not be offered or sold within the United States or to, or for account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

About Cornerstone Metals Inc.

Cornerstone’s objective is to advance exploration/development stage copper, precious and strategic minerals properties to production in the Americas. The Company’s Management and Board Core Competence is in exploration, permitting, development, construction, and operation of mining projects.

The Company has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County 22km by road (14 miles) from the town of Carlin, Nevada, and is comprised of 72 contiguous unpatented mineral claims totaling 461 hectares (1,140 acres). The Carlin Vanadium Project hosts the Carlin Vanadium Deposit which is approximately 55m (180 feet) thick striking north-south over 1,860m (6,100ft) in length and dipping 5°-30° west averaging 760m (2,500ft) of down dip extent from surface. The deposit is locally exposed on surface, where it cuts topography, but mostly is found at shallow depths, commonly between 15-60m (50-200 ft) below surface.

Cornerstone also owns 100% (subject to 1.5% NSR) of the West Jerome property, near Jerome, Arizona, on the west side of Freeport McMoRan patented lands. The property, in a Volcanogenic Massive Sulfide camp, is a high-grade, massive sulfide target located 2.4 km south of the past-producing United Verde (32 million tons grading 4.4% copper, 1.5 oz/t silver and 0.04 oz/t gold). The West Jerome property has attractive untested drill targets.

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company. 

ON BEHALF OF CORNERSTONE METALS INC.

per:

Paul Cowley

CEO & President 

For further information, please contact:

Paul Cowley

Tel: 604-340-7711

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 Forward-looking information 

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. In particular, this news release contains forward-looking information regarding the acquisition of the Carlin Vanadium Project, Nevada, the proposed private placement offering and the use of proceeds of such offering. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. These assumptions include, but are not limited to: future costs and expenses being based on historical costs and expenses, adjusted for inflation; and market demand for, and market acceptance of, the offering. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

March 1, 2018 - Vancouver, British Columbia Cornerstone Metals Inc. (TSXV – CCC) (“Cornerstone” or the “Company”) is pleased to announce a non-brokered private placement of up to 5,000,000 units at a price of $0.30 per unit for gross proceeds of up to $1,500,000.  Each unit will be comprised of one share and one half warrant.  Each full warrant will be exercisable into one common share for a period of two years at an exercise price of $0.45 per share.  The warrants are subject to an acceleration clause should the common shares trade at a price of $0.70 or greater for 10 consecutive trading days.  

The proceeds of the private placement will be used to carry out exploration programs on the Company’s Carlin Vanadium Project and West Jerome property and for general working capital. The Company may pay a finder’s fee of cash, to eligible persons, in compliance with applicable securities laws and exchange policies. There is no material fact or material change about Cornerstone that has not been generally disclosed. This financing is subject to TSXV approval. 

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 as amended (1933 Act), or any state securities laws, and may not be offered or sold within the United States or to, or for account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

About Cornerstone Metals Inc.

Cornerstone’s objective is to advance exploration/development stage copper, precious and strategic minerals properties to production in the Americas. The Company’s Management and Board Core Competence is in exploration, permitting, development, construction, and operation of mining projects.

The Company has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County 22km by road (14 miles) from the town of Carlin, Nevada, and is comprised of 72 contiguous unpatented mineral claims totaling 461 hectares (1,140 acres). The Carlin Vanadium Project hosts the Carlin Vanadium Deposit which is approximately 55m (180 feet) thick striking north-south over 1,860m (6,100ft) in length and dipping 5°-30° west averaging 760m (2,500ft) of down dip extent from surface. The deposit is locally exposed on surface, where it cuts topography, but mostly is found at shallow depths, commonly between 15-60m (50-200 ft) below surface.

Cornerstone also owns 100% (subject to 1.5% NSR) of the West Jerome property, near Jerome, Arizona, on the west side of Freeport McMoRan patented lands. The property, in a Volcanogenic Massive Sulfide camp, is a high-grade, massive sulfide target located 2.4 km south of the past-producing United Verde (32 million tons grading 4.4% copper, 1.5 oz/t silver and 0.04 oz/t gold). The West Jerome property has attractive untested drill targets.

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

ON BEHALF OF CORNERSTONE METALS INC.
per:

Paul Cowley
CEO & President 

For further information, please contact:
Paul Cowley
Tel:  604-340-7711 
Email:  This email address is being protected from spambots. You need JavaScript enabled to view it.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements.  In particular, this news release contains forward-looking information regarding the acquisition of the Carlin Vanadium Project, Nevada, the proposed private placement offering and the use of proceeds of such offering.  These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.  These assumptions include, but are not limited to: future costs and expenses being based on historical costs and expenses, adjusted for inflation; and market demand for, and market acceptance of, the offering.  In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control.  Readers should not place undue reliance on forward-looking statements.  Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

March 1, 2018 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V: CCC) (OTCQB: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) at the request of IIROC, wishes to clarify its disclosure regarding the historic resource on the project. The historic Inferred mineral resource quoted in its news release of February 28, 2018 of 28 million tons at 0.515% vanadium pentoxide (V2O5), having a total metal content of 289 million pounds V2O5, based on a 0.3% V2O5 cut-off grade (“CoG”), was calculated by SRK in 2010, based on drilling completed by Union Carbide in the late 1960s.                  

In 2010 a resource estimation was made by Dr. Bart Stryhas for Energy Metal Corp (EMC). Dr. Stryhas was independent of EMC. Dr. Bart Stryhas constructed the geologic and resource model supported by information from the 152 rotary drillholes totaling 36,525 ft. The drillholes are generally oriented along sections at azimuth 70° or 90°and are all oriented vertical. The drillhole depths range from 20 ft to 500 ft with an average of 240 ft. The drillhole database was compiled by EMC and verified by SRK. The 2010 resource estimation was based on a generalized geologic model and confined within a V2O5 grade shell. The geological model assumed that the mineralization was stratigraphically controlled, following the strike and dip of the host lithology, defining a zone of mineralization striking north-south over 6,100 ft of length and dipping 5°to 30° west averaging 2,500 ft of downdip extent. Each model block was assigned an average density of 2.34 (g/cm3) based on the lithologies present.

The 0.3% V2O5 CoG was chosen in 2010 for resource reporting based on the reasonable potential for economic extraction under a conceptual open pit mining and milling scenario. The CoG was calculated using US$2.30/st mining cost, US$35/st milling cost, US$0.50/st admin cost, 65% recovery, 95% selling pay-for, 1% freight charge, 0% royalty and a US$10.46/lb V2O5 value. The results reported in the historic resource statement are rounded to reflect the approximation of grade and quantity, which can be achieved at this level of resource estimation.

Drillhole samples were composited into 25 ft bench lengths without breaks at geologic contacts. The raw V2O5 assays were capped at 2.2% prior to compositing. The model blocks were 50 ft x 50 ft x 25 ft in the x,y,z directions, respectively. V2O5 grades were estimated using an Inverse Weighting to the second power. A minimum of three and maximum of 12 composites were required for the block grade estimations.

The results of the resource estimation provided a CIM classified Inferred Mineral Resource. The quality of the historical data was good and the Mineral Resource was classified as inferred mainly due to the fact that the rotary drilling has not been verified by a modern program.

A current mineral resource has not been delineated on the property. The Company is not treating this historical estimate as a current mineral resource. The work needed to upgrade the historical estimate as current mineral resources is to use current costs and metal prices and include the results from the Company’s verification drilling.

As no current mineral resource has been delineated on the property the Company wishes to retract the statement:  “there is excellent potential to expand the deposit.”

The source document to support the Company’s statement “The Carlin Vanadium deposit contains one of North America's largest, richest known primary deposits of vanadium with unsurpassed accessibility” is USGC Professional Paper 1802 Critical Mineral Resources of the United States—Economic and Environmental Geology and Prospects for Future Supply dated December 18, 2017.

ON BEHALF OF CORNERSTONE METALS INC.

per: "Paul Cowley"
CEO & President
(604) 340-7711
This email address is being protected from spambots. You need JavaScript enabled to view it.

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company’s ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project and with respect to current and planned drill programs, the results of exploration programs, and changes in mineral resources. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

February 28, 2018 - Vancouver, British Columbia Cornerstone Metals Inc. (TSX-V: CCC) (OTCQB: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) announces the results of the first 8 holes of the 20 hole confirmation diamond drilling program on its Carlin Vanadium Project, Nevada. The new holes support the neighbouring historic holes with zone continuity in width and grade where expected, demonstrating an extensive near surface horizontal high grade mineralized vanadium zone. Five of eight new holes returned much higher vanadium grades compared to their neighbouring historic holes. The drilling also provides new silver and zinc values not previously documented.

“We are very pleased with the initial drill results as they demonstrate consistency of the widespread high grade vanadium zone with good thickness and grade”, said Cornerstone President and Chief Executive Officer Paul Cowley. “These holes are a great step in confirming the deposit. It’s not surprising that the systematic historic Union Carbide drilling provides a solid and reliable base to work from. And adding to this, all of the new holes within the limits of the historic resource returned higher grades than their neighbouring historic holes.”

The Carlin Vanadium Project contains one of North America’s largest, richest known primary deposits of vanadium with unsurpassed accessibility. The deposit has a historic Inferred mineral resource estimate of 28 million tons at 0.515% vanadium pentoxide (V2O5), having a total metal content of 289 million pounds V2O5, based on a 0.3% V2O5 cut-off grade and defined by 127 holes completed by Union Carbide in the late 1960s. The historical estimate does not include any recent data available to the Company. The Company is not treating this historical estimate as current mineral resources and as such, should not be relied upon. The work needed to upgrade the historical estimate as current mineral resources is to use current costs and metal prices and include the results from the verification diamond drilling program.

The Carlin Vanadium deposit, as it is known to date, covers an area 2km long by up to 700m wide and can be subdivided into 4 sectors; the Southern, Central, Northern and Western sectors. The Southern and Central sectors have the most historic drilling and thus the bulk of the historic resource. The Northern and Western sectors have been lightly drilled and thus hold much smaller proportions of the historic resource. The infill confirmation diamond drilling program conducted by the Company consists of 13 holes in the Central sector, 4 in the Southern sector and 3 holes in the Northern sector.  Results received to date and reported below include 6 holes from the Central sector and 2 holes from the Northern sector. Results from the remaining 12 holes are pending. A map has been added to the Company’s website (www.cornerstonemetals.ca) to graphically demonstrate the new and old drill hole collars, outer limits of the historic resource, the sectors and the section lines A through C described in this news release.

Verification Drilling

Holes DDC17-03 through -05 and DDC18-06 were concentrated in the northern part of the Central sector. As a way to compare their results to neighbouring older holes, a north-south and an east-west section line has been drawn though these holes and other historic holes, with their intercepts listed in the following 2 tables. Section lines A and B cross at hole DDC17-05.  Holes DDC17-04 and -05 and DDC18-06 fall on the 620m long north-south Section A (refer to map on the Company website). Holes DDC17-03 and DDC17-05 fall on the 540m long east-west Section B drawn through the Central and Western sectors. As all drilling to date on the property has been vertical and the high grade zone is interpreted to be horizontal, all drill intercepts are considered to be true thickness.

Intercepts Along Section A

Hole ID

From (m)

To (m)

Length (m)

V2O5 %

Zn (%)

Ag (g/t)

R-33

1.52

25.96

27.44

0.99

0.36

N/A

DDC17-04

5.18

20.50

15.32

0.75

0.17

11.6

R-63

0.00

25.91

25.91

0.57

0.44

N/A

DDC17-05

3.67

29.00

25.33

1.07

0.33

7.6

R-30A

0.00

19.81

19.81

0.73

0.17

N/A

DDC18-06

15.60

34.50

18.90

1.07

0.47

7.1

R-71

6.10

42.67

36.57

0.73

0.35

N/A

R-72

33.53

51.82

18.29

0.81

0.34

N/A

R-41

51.82

67.06

15.24

0.64

0.30

N/A

R-37

54.86

79.25

24.39

0.50

0.22

N/A

R-38

18.29

39.62

21.33

0.64

0.46

N/A

R holes are historic drill holes, N/A = not analyzed

Intercepts Along Section B

 Hole ID

From (m)

To (m)

Length (m)

V2O5 %

Zn (%)

Ag (g/t)

R-119

18.29

47.24

28.95

0.64

0.17

N/A

R-118

18.29

39.62

21.33

0.48

0.21

N/A

R-120

0.00

22.86

22.86

0.51

0.23

N/A

R-117

35.05

44.20

9.15

0.36

0.27

N/A

R-62

0.00

7.62

7.62

0.55

0.11

N/A

DDC17-05

3.67

29.00

25.33

1.07

0.33

7.6

DDC17-03

15.85

30.5

14.65

0.68

0.25

9.6

R-53

6.10

30.48

24.38

0.42

0.20

N/A

R-52

19.81

33.53

13.72

0.95

0.32

N/A

R-66

59.44

77.72

18.28

0.59

0.17

N/A

R holes are historic drill holes, N/A = not analyzed

Both tables above demonstrate that the new drilling favourably supports the neighbouring historic holes with zone continuity in similar width and grade where the zone was expected, demonstrating a widespread near surface horizontal high grade mineralized zone. Holes DDC17-03, -04 and -5, and DDC18-06 all yielded higher grades than the average intercept in their section line table. It should be noted that DDC17-04 is a step-out beyond the limits of the historic resource area, thus demonstrating potential gains.

From the drill holes listed above, other parallel lower grade vanadium zones lie above and below the high grade vanadium zone, with grades between 0.2 and 0.45% V2O5 and thicknesses between 4.57 – 18.29m but are not included in the above 2 tables.

DDC18-07 and DDC18-08 tested the southern part of the Central sector. As a way to compare their results to neighbouring older holes, a 300m long northeast section line (Section C) drawn through the Central sector include DDC18-07 and DDC18-08 together with other historic holes with intercepts tabled below.

Intercepts Along Section C

 Hole ID

From (m)

To (m)

Length (m)

V2O5 %

Zn (%)

Ag (g/t)

DDC18-07

1.50

21.00

19.50

0.20

0.10

1.3

R-77

6.10

32.00

25.90

0.54

0.20

N/A

DDC18-08

21.00

60.00

45.00

0.84

0.38

6.5

R-79

48.77

77.72

28.95

0.47

0.30

N/A

R-78

70.10

82.30

12.20

0.69

0.30

N/A

R-38

18.29

39.62

21.33

0.64

0.46

N/A

R-44

24.38

45.72

21.34

0.73

0.43

N/A

R-50

48.77

59.44

10.67

0.72

0.20

N/A

R-23

42.67

54.86

12.19

0.63

0.36

N/A

R holes are historic drill holes, N/A = not analyzed

Again, the Section C table above demonstrates that the new drilling favourably supports the neighbouring historic holes with zone continuity in similar width and grade where the zone was expected, demonstrating the widespread near surface horizontal high grade mineralized zone. DDC18-08 is the thickest and highest grade on this section line. DDC18-07 intersected the vanadium unit where expected with similar widths but, with lower grade. DDC18-07 was drilled outside the limits of the historic resource area.

Other parallel lower grade vanadium zones lie above and below the high grade zone in the above holes with grades between 0.2 and 0.40% V2O5 and thicknesses between 4.57 – 19.81m that are not included in the following table.

DDC17-01 and DDC17-02 were drilled in the Northern sector in an effort to expand this sector of the deposit to the east. This sector, although typically with good grades (0.61-1.23% V2O5) and thicknesses (7.62-28.96m), is more characterized as a narrow linear 240m long by 80m wide northern tip of the deposit. Holes DDC17-01 and DDC17-02 encountered the vanadium unit where expected with typical widths, however, the grades were lower, 18m @ 0.24% V2O5 and 39m @ 0.18% V2O5, respectively. These two holes lie outside the limits of the historic resource.    

The drilling program has been supervised by Mr. Cowley, P.Geo., President and CEO of the Company and Qualified Person for the program. Drill core recoveries averaged 85%. Industry standard quality control and quality assurance protocols have been followed in handling, sampling and shipping the core. The core has been photographed, geotechnically logged and geologically logged. Extensive specific gravity measurements have been taken on the core to aid in a future mineral resource estimation. The core has been cut in half, with one half sent for analysis and the other half stored as witness core in a secure dry facility in Elko, Nevada. Samples have been sent for analyses to MS Analytical, an ISO 17025 accredited laboratory.

Potential to Expand

The deposit has excellent potential to expand. The size of the known vanadium deposit is limited to date to the extent of the concentrated drilling by Union Carbide. Nearly all edges of the deposit end with drill holes containing good grades and widths.

Vanadium’s Growing Importance

Vanadium is also growing in importance to key industrial manufacturing sectors most notably steel and renewable energy. Today, more than 85 percent of the world’s vanadium is used in steel manufacturing applications. Its importance to the energy sector is also growing rapidly with more than 10 percent of vanadium production used in energy storage where its substantial cost and performance benefits make it an alternative choice to lithium ion in several areas.

About Cornerstone Metals Inc.

Cornerstone’s objective is to advance exploration/development stage copper, precious and strategic minerals properties to production in the Americas. The Company’s Management and Board Core Competence is in exploration, permitting, development, construction, and operation of mining projects.

The Company has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County 22km by road (14 miles) from the town of Carlin, Nevada, and is comprised of 72 contiguous unpatented mineral claims totaling 461 hectares (1,140 acres). The Carlin Vanadium Project hosts the Carlin Vanadium Deposit which is locally exposed on surface, where it cuts topography, but mostly is found at shallow depths, commonly between 0-60m (0-200 ft) below surface.

Cornerstone also owns 100% (subject to 1.5% NSR) of the West Jerome property, near Jerome, Arizona, on the west side of Freeport McMoRan patented lands. The property, in a Volcanogenic Massive Sulfide camp, is a high-grade, massive sulfide target located 2.4 km south of the past-producing United Verde (32 million tons grading 4.4% copper, 1.5 oz/t silver and 0.04 oz/t gold). The West Jerome property has attractive untested drill targets.

ON BEHALF OF CORNERSTONE METALS INC.

per: "Paul Cowley"
CEO & President
(604) 340-7711
This email address is being protected from spambots. You need JavaScript enabled to view it.

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company’s ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project and with respect to current and planned drill programs, the results of exploration programs, and changes in mineral resources. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

February 8, 2018 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V: CCC) (OTCQB: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) announces that it has completed the infill diamond drilling program on its Carlin Vanadium Project with the completion of 20 vertical holes in 1629.61 metres of HQ core.

The Carlin Vanadium Project contains one of North America’s largest, richest known primary deposits of vanadium with unsurpassed accessibility. The deposit has a historic Inferred mineral resource estimate of 28 million tons at 0.515% vanadium pentoxide (V2O5), having a total metal content of 289 million pounds V2O5, based on a 0.3% V2O5 cut-off grade. The historical estimate does not include any recent data available to the Company. The Company is not treating this historical estimate as current mineral resources and as such, should not be relied upon. The work needed to upgrade the historical estimate as current mineral resources is to use current costs and metal prices and include the results from the infill diamond drilling program.

Vanadium is also growing in importance to key industrial manufacturing sectors most notably steel and renewable energy. Today, more than 85 percent of the world’s vanadium is used in steel manufacturing applications. Its importance to the energy sector is also growing rapidly with more than 10 percent of vanadium production used in energy storage where its substantial cost and performance benefits make it an alternative choice to lithium ion in several areas.

The objective of the infill drilling program was to verify the Carlin Vanadium Deposit model and grade and increase confidence in the vanadium deposit that had been defined by 152 holes completed by Union Carbide in the late 1960s. The recent infill drilling program has tightened the drill spacing from the systematic 60 metre to 45 metre centres along the spine of the deposit. Lithological aspects of the deposit have been visually verified by the core program. Samples from the infill drilling program are in the lab, with the final holes making their way there shortly.

“Another planned milestone has been reached with the completion of this drill program, with the next milestone targets in sight,” said Cornerstone President and Chief Executive Officer Paul Cowley. “Once all assays are disseminated, we will adjust the geological model as needed and move toward producing an updated mineral resource estimate. We are advancing briskly toward positive results for this extraordinary project.”

The drilling program has been supervised by Mr. Cowley, P.Geo., President and CEO of the Company and Qualified Person for the program. Drill core recoveries averaged 85%. Industry standard quality control and quality assurance protocols have been followed in handling, sampling and shipping the core. The core has been photographed, geotechnically logged and geologically logged. Extensive specific gravity measurements have been taken on the core to aid in a future mineral resource estimation. The core has been cut in half, with one half sent for analysis and the other half stored as witness core in a secure dry facility in Elko, Nevada. Samples have been sent for analyses to MS Analytical, an ISO 17025 accredited laboratory. The drill holes have been downhole surveyed by International Directional Services. Drill collars are scheduled to be professionally surveyed shortly.

About Cornerstone Metals Inc.

Cornerstone’s objective is to advance exploration/development stage copper, precious and strategic minerals properties to production in the Americas. The Company’s Management and Board Core Competence is in exploration, permitting, development, construction, and operation of mining projects.

The Company has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County 22km by road (14 miles) from the town of Carlin, Nevada, and is comprised of 72 contiguous unpatented mineral claims totaling 461 hectares (1,140 acres). The Carlin Vanadium Project hosts the Carlin Vanadium Deposit which is approximately 55m (180 feet) thick striking north-south over 1,860m (6,100ft) in length and dipping 5°-30° west averaging 760m (2,500ft) of down dip extent from surface. The deposit is locally exposed on surface, where it cuts topography, but mostly is found at shallow depths, commonly between 15-60m (50-200 ft) below surface.

Cornerstone also owns 100% (subject to 1.5% NSR) of the West Jerome property, near Jerome, Arizona, on the west side of Freeport McMoRan patented lands. The property, in a Volcanogenic Massive Sulfide camp, is a high-grade, massive sulfide target located 2.4 km south of the past-producing United Verde (32 million tons grading 4.4% copper, 1.5 oz/t silver and 0.04 oz/t gold). The West Jerome property has attractive untested drill targets.

ON BEHALF OF CORNERSTONE METALS INC.

per: "Paul Cowley"
CEO & President
(604) 340-7711
This email address is being protected from spambots. You need JavaScript enabled to view it.

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.  

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company’s ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project and with respect to current and planned drill programs, the results of exploration programs, and changes in mineral resources. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

 

 

Press & Analysts Contact:

Stewart Chalmers

H4C Group

+1 818-681-3588

This email address is being protected from spambots. You need JavaScript enabled to view it.

 

January 23, 2018 - Vancouver, British Columbia Cornerstone Metals Inc. (TSX-V: CCC) (OTCQB: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) announces its new trading symbol of CCCCF for its common stock, which has commenced trading in the United States on the OTCQB® Venture Market.

“Cornerstone's expansion into the U.S. securities markets is a milestone that brings our Company substantially added access to institutional and individual investors," said Cornerstone President and Chief Executive Officer Paul Cowley. “We are confident that our listing on this active marketplace can significantly enhance liquidity for our shareholders and extend investor awareness of our Company throughout the U.S. and beyond."

Cornerstone Metals is an emerging exploration company whose most recently added initiative is the Carlin Vanadium Project, which contains one of North America's largest, richest known primary deposits of vanadium, an industrial mineral critical to industries ranging from steel to utility scale battery storage technology. The Company's analysis illustrates that the Nevada site's vanadium deposit features a combination of high grade and unsurpassed accessibility.

About Cornerstone Metals Inc.

Cornerstone's objective is to advance exploration/development stage strategic, copper, and precious minerals properties to production in the Americas. The Company's Management and Board Core Competence is in exploration, permitting, development, construction, and operation of mining projects.

The Company has an option to earn a 100% interest in the Carlin Vanadium Project, which has one of the largest, richest known primary vanadium deposits in North America. The Carlin Vanadium Project is located in Elko County 22km by road (14 miles) from the town of Carlin, Nevada, and is comprised of 72 contiguous unpatented mineral claims totaling 461 hectares (1,140 acres). The Carlin Vanadium deposit was discovered by Union Carbide Corp. (UCC) in the 1960's, which completed surface mapping, trenching and 152 rotary drill holes in 11,133m (36,525 feet) of drilling. The average drill hole spacing was 60m (200ft) apart within the more densely drilled areas. Drilling indicates a zone of mineralization approximately 55m (180 feet) thick striking north-south over 1,860m (6,100ft) in length and dipping 5°-30° east and west averaging 760m (2,500ft) of down dip extent from surface. The mineralized unit is locally exposed on surface, where it cuts topography, but mostly is found at shallow depths, commonly between 15-60m (50-200 ft) below surface.

Cornerstone also owns 100% (subject to 1.5% NSR) of the West Jerome property, near Jerome, Arizona, on the west side of Freeport McMoRan patented lands. The property, in a Volcanogenic Massive Sulfide camp, is a high-grade, massive sulfide target located 2.4 km south of the past-producing United Verde (32 million tons grading 4.4% copper, 1.5 oz/t silver and 0.04 oz/t gold). The West Jerome property has attractive untested drill targets.

ON BEHALF OF CORNERSTONE METALS INC. 

per: "Paul Cowley"
CEO & President
(604) 340-7711
This email address is being protected from spambots. You need JavaScript enabled to view it.

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company’s ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Press   & Analysts Contact:

TSX-V:   CCC

Stewart   Chalmers

OTCQB:   APPPF

H4C   Group

FSE: 1PY

+1   818-681-3588

 

This email address is being protected from spambots. You need JavaScript enabled to view it.

 

 

 

 

 

January 22, 2018 - Vancouver, British Columbia Cornerstone Metals Inc. (“Cornerstone” or the “Company”) announces that its common stock has commenced trading in the United States on the OTCQB® Venture Market, under the trading symbol APPPF.

OTC Markets Group Inc. operates the OTCQB® Venture Market, the OTCQX® Best Market and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS, OTC Markets Group connects a diverse network of broker-dealers that provide liquidity and execution services. OTC Markets Group enables investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

“Cornerstone’s expansion into the U.S. securities markets is a milestone that brings our Company substantially added access to institutional and individual investors,” said Cornerstone President and Chief Executive Officer Paul Cowley.   “We are confident that our listing on this active marketplace can significantly enhance liquidity for our shareholders and extend investor awareness of our Company throughout the U.S. and beyond.”

Cornerstone Metals is an emerging exploration company whose most recently added initiative is the Carlin Vanadium Project, which contains one of North America’s largest, richest known primary deposits of vanadium, an industrial mineral critical to industries ranging from steel to utility scale battery storage technology. The Company’s analysis illustrates that the Nevada site’s vanadium deposit features a combination of high grade and unsurpassed accessibility.

In additional news, the Company announces the appointment of Barry Girling to its advisory board.   Mr. Girling is an independent business consultant active in resource companies for over 35 years, including serving as a director of Silver One Resources, Zinc One Resources and iMinerals Inc. and was a founder and former director of Roxgold Inc.  Having been involved in all facets of project development from grass roots exploration through feasibility study, he has experience in project finance and development and corporate/shareholder communications.

The Company also announces the grant of 35,000 stock options to a consultant of the Company, at an exercise price of $0.30 per share, for a five year term, subject to the terms and conditions of the Company’s stock option plan.   Following this grant of stock options, the Company has a total of 1,840,000 stock options outstanding representing approximately 9.0% of the outstanding common shares of the Company.

About Cornerstone Metals Inc.

Cornerstone’s objective is to advance exploration/development stage copper, precious and strategic minerals properties to production in the Americas. The Company’s Management and Board Core Competence is in exploration, permitting, development, construction, and operation of mining projects.

The Company has an option to earn a 100% interest in the Carlin Vanadium Project, which has one of the largest, richest known primary vanadium deposits in North America. The Carlin Vanadium Project is located in Elko County 22km by road (14 miles) from the town of Carlin, Nevada, and is comprised of 72 contiguous unpatented mineral claims totaling 461 hectares (1,140 acres). The Carlin Vanadium deposit was discovered by Union Carbide Corp. (UCC) in the 1960’s, which completed surface mapping, trenching and 152 rotary drill holes in 11,133m (36,525 feet) of drilling. The average drill hole spacing was 60m (200ft) apart within the more densely drilled areas. Drilling indicates a zone of mineralization approximately 55m (180 feet) thick striking north-south over 1,860m (6,100ft) in length and dipping 5°-30° east and west averaging 760m (2,500ft) of down dip extent from surface. The mineralized unit is locally exposed on surface, where it cuts topography, but mostly is found at shallow depths, commonly between 15-60m (50-200 ft) below surface.

Cornerstone also owns 100% (subject to 1.5% NSR) of the West Jerome property, near Jerome, Arizona, on the west side of Freeport McMoRan patented lands. The property, in a Volcanogenic Massive Sulfide camp, is a high-grade, massive sulfide target located 2.4 km south of the past-producing United Verde (32 million tons grading 4.4% copper, 1.5 oz/t silver and 0.04 oz/t gold). The West Jerome property has attractive untested drill targets.

ON BEHALF OF CORNERSTONE METALS INC.

per: “Paul Cowley

CEO & President

For further information, please contact:

Paul Cowley

Tel: 604-340-7711

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company’s ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.