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

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October 12, 2016 - Vancouver, British Columbia Cornerstone Metals Inc. (TSX-V – CCC) (“Cornerstone” or the “Company”) is pleased to announce the appointment of John Anderson to the Board of Directors, effective immediately. Mr. Anderson holds a B.A. from the University of Western Ontario and is the co-founder of Aquastone Capital Advisors LP, a U.S.-based gold investment fund. With over 15 years’ experience in the capital markets, Mr. Anderson’s specialty is identifying undervalued opportunities in the resource industry and investing capital into these situations. He has been involved in a number of small-cap companies, providing financing, investor relations, and corporate development services. Throughout his career, he has raised in excess of $500 million in equity for a number of public and private companies in the United States, Canada and Europe.

The Company is also pleased to announce the appointment of Bill Matheson to the Advisory Board, effective immediately.Bill Matheson has worked in the mining and industrial sectors for over 37 years in the roles of Field Engineer (Electrical/Instrumentation), Construction and Project Manager and advisor. From 1979 to 1994, Mr. Matheson worked at Canada Tungsten, Echo Bay Mines, Luscar Coal, Baker Mine, Cullaton Lake Gold Mines, Vista Mining, Cluff Lake, Hope Brook Gold, Teck Corona Hemlo, Tonkin Springs Gold Project, Cassiar Asbestos and Yanococha. Between 1994 and 2004, Mr. Matheson focused on multiple industrial projects including two nuclear power plants, three gas fired turbine power plants, one oil refinery, and two High Fructose Corn Syrup / Ethanol Refineries. Later, Bill was Construction Manager on the dismantle/relocation of the Equatorial SX/EW facility to the Lisbon Valley mine site in SE Utah, the complete construction of the Carlota Copper SX/EW project in Arizona, the start-up of the Franke Mine in Northern Chile, the second phase of the leach facility at Carlota Copper and the Phase II Project for CS Mining in SE Utah on their Agitated Leach, SX/EW facility. Bill has served on the Technical Committees for the Sierra Gorda Oxide Project and the Ajax Project for KGHM International.

The Company also announces that it has granted a total of 1,500,000 incentive stock options to directors, officers, and consultants of the Company, subject to the terms and provisions of the Company’s stock option plan, at an exercise price of $0.05 per share, for five year term.

About Cornerstone Metals Inc.

Cornerstone’s objective is to advance exploration/development stage copper and precious metals 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.

Cornerstone 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.

                                                                       

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.

May 12, 2016 - Vancouver, British Columbia Cornerstone Metals Inc. (TSX-V – CCC) (“Cornerstone” or the “Company”) announces that further to its news release dated April 28, 2016 on the signing of a non-binding Letter of Intent on the Topley Property, management has completed its due diligence and the Company has decided not to proceed with the implementation of an option agreement on the Topley Property.

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 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 28, 2016 - Vancouver, British Columbia –Cornerstone Metals Inc. (TSX-V – CCC) (“Cornerstone” or the “Company”) is pleased to announce that it has signed a non-binding Letter of Intent ("LOI") with private interests (“Owners”) outlining the terms of a transaction. The Transaction is proposed to be implemented through an Option Agreement, pursuant to which the Owners will grant to CCC an option to acquire from them a 100% undivided interest in and to the Topley Property (“Topley”), subject to a 3% NSR. The LOI is subject to due diligence, which the Company will commence immediately, while it proceeds to finalize a definitive option agreement to be executed upon completion of successful due diligence. 

The Topley Property, located 60 kilometres east-southeast of Smithers, B.C., is a precious and base metal mineral prospect known as Topley-Richfield (Au-Ag-Pb-Zn-Cu) with significant underground development from 2 levels completed from 1927 to 1929 and significant more recent evaluations occurring from 1979 to 2007 including over 8,000m of drilling.  Mineralization is structurally controlled and occurs in two quartz-carbonate alteration zones.

Pursuant to the terms of the LOI, the Option will be exercisable upon CCC paying to the Owners an aggregate of $200,000 cash and issuing an aggregate of 1,100,000 common shares of CCC according to the following tabled schedule:

 

Cash Payment

Share Issuance

On Signing the Option Agreement

$20,000

250,000

On 1st Anniversary

$20,000

250,000

On 2nd Anniversary

$30,000

150,000

On 3rd Anniversary

$40,000

150,000

On 4th Anniversary

$45,000

150,000

On 5th Anniversary

$45,000

150,000

Additionally, commencing on the sixth anniversary date, and every subsequent anniversary date, CCC will pay to the Owners $20,000 cash per year as an advanced NSR payment until commercial production begins on the Topley Property. The 3% NSR may be purchased from the Owners for $1 million per each 1% NSR. The advanced NSR payments will be credited towards an NSR buyout. On commercial production, bonus CCC shares of 500,000 would be issued to the Owners.

The execution of the Option Agreement will be subject to standard closing conditions for transactions of this nature, including but not limited to board and regulatory approvals.

About Cornerstone Metals Inc.

Cornerstone’s objective is to advance exploration / development stage copper and precious metals 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.

Cornerstone 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.

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.

Paul S. Cowley, P.Geo., President, CEO and director of the Company, is the Qualified Person as defined in NI43-101, who has reviewed and approved the technical content 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.  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.  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.  There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.  Accordingly, readers should not place undue reliance on forward-looking statements.  Except as required by law, Cornerstone does not intend to revise or update these forward-looking statements after the date hereof or to revise them to reflect the occurrence of future unanticipated events.