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

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July 10, 2018 - Vancouver, British Columbia Cornerstone Metals Inc. (TSX-V: CCC) (OTCQB: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) is pleased to provide a project update on drilling plans, preliminary engineering, metallurgy and environmental studies on its Carlin Vanadium Project, south of Carlin, Nevada.

The Company has secured a drill contractor to conduct an infill and deposit expansion reverse circulation (RC) drill program under its current BLM permit. The program will commence in the first week of August and consist of approximately 40-50 shallow vertical and angled RC drill holes. Of those, three holes will twin historic holes to provide additional comparisons for grades. Fifteen holes will be conducted to infill parts of the deposit to tight 40 metre centres. In addition, 22-32 holes will be drilled selectively on edges of the deposit with the objective of expanding the size of the deposit. Upon completion of the drill program, a resource estimate will be prepared, based on all historic and Cornerstone drilling on the property.

Company CEO, Paul Cowley, P.Geo. conducted a site visit in the first week of July with the Company construction advisor and the Company’s senior mining advisor and director to identify and rank multiple options for the plant, waste rock and tailings facilities sites on the property and to review infrastructure, including road, rail and power access. The site location, and surrounding and onsite infrastructure are strong aspects of the project.

The property has access from both the south and north; each route within three and five miles from paved highway. The town of Carlin, where rail is located, is 6 and 13 miles away via these two routes. Rail allows access for concentrates to markets in the US, Canada and internationally via ocean transport. There are two high voltage power lines within a 5 to 15 mile radius of the site.

Two of the potential plant site locations inspected have bedrock near to surface which will minimize the concrete required for foundations. There are locations on site for potential tailings and waste rock including the designed open pits which would be located in a line that potentially could be backfilled with waste rock or tailings progressively should mining occur.

The deposit host rock was examined and appears to be low to moderate in hardness and heavily fractured which will require less energy to drill, blast, crush and grind. Rock crushing and grinding characteristics will be tested in an independent laboratory this month.

Metallurgical test work continues at Sherritt Technologies to optimize various parameters of temperature, pressure and grind size with the aim of developing a conceptual flowsheet. The third round of testing, previously reported (news release dated June 20, 2018), achieved vanadium extraction levels of 95.5%.

EM Strategies, Inc. of Reno, Nevada commenced baseline studies on the project in May 2018 and will continue through the summer and fall. This baseline work includes botany, wildlife and cultural studies, which will form the components to an application for the next level and stage of permitting.

Vanadium prices for 98% flake V2O5 have steadily risen from under US$3.00/lb less than 3 years ago. This week prices reached $17.50/lb.

The Carlin Vanadium deposit is considered one of the largest, highest grade 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). 

Vanadium’s Growing Importance for Steel Manufacturing and the Energy Sector

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. 

About Cornerstone Metals Inc.

Cornerstone Metals has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County 22km by road (13 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 flat to shallow dipping and at shallow depths, 0-60m (0-200 ft) below surface. 

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.

www.cornerstonemetals.ca

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, metallurgical test work, 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.

June 20, 2018 - Vancouver, British Columbia Cornerstone Metals Inc. (TSX-V: CCC) (OTCQB: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) is pleased to announce additional preliminary results of metallurgical test work being conducted on its Carlin Vanadium Project in Nevada. The third round of testing has achieved vanadium extraction levels of 95.5%.

“Our testing has very quickly moved the needle from the low 80’s, which were strong, to outstanding numbers, far exceeding even our metallurgists’ expectations”, said Cornerstone President and Chief Executive Officer Paul Cowley. “These numbers show a clear sign of a major technical breakthrough for our project.”

Test work continues on a sample composite generated from an 18.9 metre drill core intercept from the Company’s recent diamond drilling verification program on the deposit. The latest results employed a roast/leach/pressure oxidation approach. Ongoing test work will continue to optimize various parameters with the aim of developing a conceptual flowsheet. Once a conceptual flowsheet has been defined, tests will be run across the deposit on a full range of samples. The tests to date have been conducted to demonstrate potential recoveries. At this stage, there is no suggestion that these tests demonstrate economic viability.

Metallurgical test work continues at Sherritt Technologies in Fort Saskatchewan, Alberta, the leader in the development and commercialization of pressure hydrometallurgical processes. Sherritt is a one-stop shop that has a proven track record of developing projects from concept-to-operation with a skilled and experienced team, including process and equipment specialists.

The Carlin Vanadium deposit is considered one of the largest, highest grade 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). 

Vanadium’s Growing Importance for Steel Manufacturing and the Energy Sector

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$15.7/lb today. 

About Cornerstone Metals Inc.

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 flat to shallow dipping and at shallow depths, commonly between 0-60m (0-200 ft) below surface. 

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, metallurgical test work, 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.

June 13, 2018 - Vancouver, British Columbia Cornerstone Metals Inc. (TSX-V: CCC) (OTCQB: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) is pleased to announce a recent vote by the U.S. House of Representatives that could help fast track the advancement of Cornerstone’s Carlin Vanadium Project near Carlin, Nevada.

In a move to facilitate streamlined permitting for critical and strategic minerals projects in the United States, the U.S. House of a Representatives passed Amendment #122 to the National Defense Authorization Act (NDAA) on a bipartisan vote of 229-183 on May 23, 2018. With the passing of the amendment, the House streamlined the permitting process to advance the Trump Administration’s mission for mineral development in the United States by centralizing permitting review projects under a lead agency, streamlining permitting time-frames specifically for critical and strategic minerals projects and preserving environmental protections. The Amendment will need the U.S. Senate and Presidential approval to become law.

Further, based on the U.S. Geological Survey December 2018 paper “Critical Mineral Resources of the United States”, vanadium was defined as one of 23 critical or strategic minerals to the United States. Vanadium production is largely controlled by China, Russia and South Africa and because the United States currently has no production of vanadium, it is dependent on imports to meet its needs, which makes the supply vulnerable to potential influence and disruption by such factors as political changes, market manipulation, environmental issues, civil unrest and natural disasters.

As vanadium is used in the steel industry and in a broad range of existing and emerging technologies, in high-tech industrial, energy, renewable energy, and defense sectors, Congressman Tom Emmer stated on May 23, 2018 regarding critical minerals, “These materials are instrumental to America’s national defense and economic competitiveness, as is ensuring we can mine them here at home.”

“These new policy changes, once made into law, will have a direct positive impact on our project, as vanadium is a critical mineral to the United States”, said Cornerstone President and Chief Executive Officer Paul Cowley. “Streamlined permitting accelerates good projects, unlocking value to its shareholders faster, and at the same time, securing the domestic source for the United States faster. The timing of these policies changes is ideal for us, forming a favourable regulatory setting during our advancement of the Carlin Vanadium Project. The benefits would likely be seen across the short, intermediate and long term”.

The Carlin Vanadium deposit is considered one of the largest, highest grade 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 Company also announces the grant of 175,000 incentive stock options to a director of the Company, subject to the terms and provisions of the Company’s stock option plan, at an exercise price of $0.98 per share, for a five year term.

The Company announces that it has terminated its Investor Relations contract with H4C Group. 

About Cornerstone Metals Inc.

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 flat to shallow dipping and at shallow depths, commonly between 0-60m (0-200 ft) below surface.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, metallurgical testwork, changes in mineral resources, and permitting of the 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.

TORONTO, ON / ACCESSWIRE / June 6, 2018 / Cornerstone Metals Inc. (CCC.V) (CCCCF) (1PY.F) will be presenting at this year's MicroCap Conference on June 21st in Toronto, Canada.

CONFERENCE OVERVIEW AND STRUCTURE

The MicroCap Conference is an exclusive event for investors who specialize in small and microcap stocks. It is an opportunity to be introduced to and speak with management at some of the most attractive small companies, learn from various expert panels, and mingle with other microcap investors.

The MicroCap Conference will take place in Toronto at the Sheraton Centre Hotel on June 21st. Registration will begin on Thursday at 7:00AM and will last until the evening. These days will be jam-packed with company presentations, 1-on-1 meetings, roundtables, expert panel discussions, and plenty of time to network with other investors over food and drinks.

REGISTRATION FOR INVESTORS

To request free registration, please go to our website (www.microcapconf.com), and click the "Registration" button

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For our most updated list of companies, please go to our website (www.microcapconf.com/toronto)

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Or, contact Ashley Allard at This email address is being protected from spambots. You need JavaScript enabled to view it.

May 29, 2018 - Vancouver, British Columbia Cornerstone Metals Inc. (TSX-V: CCC) (OTCQB: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) is pleased to announce preliminary results of metallurgical test work being conducted on its Carlin Vanadium Project in Nevada. The initial pressure leaching tests have achieved vanadium extraction levels of between 80.2% and 83.6%.

“The Company is thrilled with these preliminary results, which signal a major technical breakthrough for this project”, said Cornerstone President and Chief Executive Officer Paul Cowley, “guided by expertise of Cornerstone’s metallurgists and Sherritt Technologies, an industry recognized engineering and research group with their in-house lab. Regardless of these positive results, we are continuing test work to improve upon the overall vanadium extraction from the current 80.2% to 83.6% to higher values.”

Test work is being conducted on a sample composite generated from an 18.9 metre drill core intercept from the Company’s recent diamond drilling verification program. Metallurgical test work will continue with the aim of developing a conceptual flowsheet.

Metallurgical test work is being conducted by Sherritt Technologies in Fort Saskatchewan, Alberta, the leader in the development and commercialization of pressure hydrometallurgical processes. Sherritt is a one-stop shop that has a proven track record of developing projects from concept-to-operation with a skilled and experienced team, including process and equipment specialists.

The Carlin Vanadium deposit is considered one of the largest, highest grade 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). 

Vanadium’s Growing Importance for Steel Manufacturing and the Energy Sector

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$13.90/lb today. 

About Cornerstone Metals Inc.

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 flat to shallow dipping and at shallow depths, commonly between 0-60m (0-200 ft) below surface. 

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, metallurgical test work, 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 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.

Press & Analysts Contact:

Stewart Chalmers

H4C Group

+1 818-681-3588

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December 18, 2017 - Vancouver, British Columbia Cornerstone Metals Inc. (TSX-V – CCC) (“Cornerstone” or the “Company”) announces that it has commenced a verification diamond drilling program on the Carlin Vanadium Project. The goal of the program is to enable the Company to upgrade the historic resource to a current resource, as well as to provide material to conduct metallurgical testwork on vanadium recoveries and investigate the presence and grade of other accompanying elements such as zinc, silver and cobalt.

The 20 vertical hole HQ core program is designed to in-fill the existing 132 hole drill pattern that currently defines the vanadium deposit, resulting in an improved drillhole density of approximately 45m spacing. Cornerstone reports that it has already completed three core holes.

The Carlin Vanadium Project contains one of the United States’ largest 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-quality grade and unsurpassed accessibility.  

“The speed in which the Company has mobilized drill contractors to site – mere days following receipt of its permit -- is a tribute to the skills of the Cornerstone team and to the conducive working environment in this region,” said Cornerstone President and Chief Executive Officer Paul Cowley.

In additional news, the Company announces the resignation of Jason Nickel, P.Eng. from the board of directors. Mr. Nickel is stepping down to pursue a full time operational role with a production company. The Board thanks Jason for his service to Cornerstone.

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 known primary vanadium deposits in the U.S.A. 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

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:

Stewart Chalmers

H4C Group

+1 818-681-3588

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

December 12, 2017 - Vancouver, British Columbia Cornerstone Metals Inc. (TSX-V – CCC) (“Cornerstone” or the “Company”) announces that it has received from the U.S. Bureau of Land Management (BLM) its Notice of Intent (NOI) permit to conduct a diamond drill program on its Carlin Vanadium Project near Carlin, Nevada. The Company has posted the required reclamation bond with the BLM and now has authorization to proceed with the program. The Company is making arrangements to start the program before mid December.

The program is designed with 20 vertical HQ holes totaling approximately 1,800m with the objective to in-fill the existing 132 hole drill pattern defining the vanadium deposit for grade and geological model verification. With this in-fill drill program, drill hole density will be approximately 45m spacing for improved confidence.

The Carlin Vanadium Project contains one of the United States’ largest 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-quality grade and unsurpassed accessibility.  

“We received our drill permit in the record time of three weeks,” said President and Chief Executive Officer Paul Cowley. “The speed with which our permit was approved reinforces our view that we are operating in a very favourable jurisdiction with significant infrastructural advantages.”

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 known primary vanadium deposits in the U.S.A. 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 contact:

Paul Cowley

(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.

December 8, 2017 - Vancouver, British Columbia Cornerstone Metals Inc. (TSX-V – CCC) (“Cornerstone” or the “Company”) announces that it has signed an investor relations agreement (“Agreement”) with H4C Group, Inc. (“H4C”).

Under the terms of the Agreement, H4C will provide counselling, support and management of an investor relations and investor outreach program to assist the Company with its investor relations and corporate finance initiatives and a marketing and external relations program. H4C will be paid consulting fees of US$30,000 per quarter. The initial term of the Agreement is for 18 months; however, following the first ninety (90) days of the Agreement, either party may terminate the Agreement for any reason upon sixty (60) days written notice. In conjunction with the signing of this Agreement, the Company has granted H4C stock options to purchase 160,000 shares at an exercise price of $0.25 per share for a five year term. The options will vest in increments of 25% in each of the first four quarters, subject to the terms and conditions of the Company’s stock option plan.

H4C is a technology focused, integrated marketing, investor relations and business strategy agency.  Headquartered in Los Angeles, California, the company has offices in Berlin, New York and San Francisco, as well as partner affiliates throughout Southeast Asia.   H4C delivers marketing, PR, investor relations and operations services designed to start, grow and expand its clients’ business. They have worked for a broad and diverse group of startups, emerging and Fortune 500 companies, both publicly and privately traded in the USA and overseas.  H4C is arm’s length to the Company and it has advised the Company that prior to the execution of the Agreement and the grant of the options noted above, it had no interest, directly or indirectly, in Cornerstone or its securities.

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 known primary vanadium deposits in the U.S.A. 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.

November 28, 2017 - Vancouver, British Columbia Cornerstone Metals Inc. (TSX-V – CCC) (“Cornerstone” or the “Company”) is pleased to announce that the Company is initiating field preparations for its diamond drill program on the Carlin Vanadium Project. Company geologists have designed a drill plan of 1,900m of diamond drilling in 23 holes to verify the grade and zone thicknesses of the historic resource already established from the 1960’s Union Carbide drilling of the vanadium deposit and to provide samples for metallurgical testwork. The Company submitted its Notice of Intent (NOI) application for the drill program to the Bureau of Land Management (“BLM”) November 7, 2017 and is awaiting approval, normally a 45 day process. In anticipation of this approval, crews are going to the Carlin Vanadium property this week to initiate the logistical set-up for the planned diamond drill program. The Company has requested quotes from several drill contractors for the program and will be meeting contractors on site. Company crews will also mark the drill collars in the field as well as the pre-existing roads and for 350m of new road building to access drill sites.

The Carlin Vanadium Project has one of the largest known primary vanadium deposits in the U.S.A. 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 50-200 ft below surface.

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.

Besides the rights to earn 100% in the Carlin Vanadium Property described above, 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.

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 potential acquisition of the Carlin Vanadium project and the proposed diamond drill program, as described in the news release. 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. In addition to other risks, the Company's potential acquisition may prove to be unsuccessful and the Company may be unable to complete such transaction, whether because due diligence was unsatisfactory or otherwise. Further, the Company may not attract capital in the future to finance the transaction costs or obligations under the Option Agreement, which could affect whether the Company proceeds with the exercise of its option thereunder. 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.

November 9, 2017 - Vancouver, British Columbia Cornerstone Metals Inc. (TSX-V – CCC) (“Cornerstone” or the “Company”) is pleased to announce the TSX Venture Exchange has accepted for filing the assignment of the property option agreement dated September 22, 2017 (the “Assignment Agreement”) between the Company and Americas Gold Exploration, Inc. (“AGEI”). Consequently, Cornerstone has closed on AGEI’s assignment to the Company of a 100% optioned interest in certain mineral claims referred to as the Carlin Vanadium/Black Kettle Project Property in Nevada (the “Property” or the “Carlin Vanadium Project”). Further details on the Assignment Agreement are set out below.

Paul Cowley, President and CEO comments, ”Another milestone has been reached. With the closing of the Carlin Vanadium transaction, the Company will seek drill permits as expeditiously as possible to initiate an infill diamond drill program. The project has exceptional technical merits, setting, location and infrastructure available to it.”

In addition, the Company has filed on SEDAR a Technical Report on the Property entitled NI 43-101 Technical Report on the Carlin Vanadium Project, Carlin, Nevada dated October 26, 2017 (the “Technical Report”) authored by Bart Stryhas, PhD, CPG and John Cooper, P.E. of SRK Consulting (US) Inc. (“SRK”).

The Carlin Vanadium Project has one of the largest known primary vanadium deposits in the U.S.A. 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 50-200 ft below surface. The vanadium-rich unit is defined as vanadium pentoxide (V2O5) with grades above 0.3% V2O5, and commonly found between 0.3% and 0.8% V2O5. From the drill hole assay database, there are 1536 samples with grades >0.2% V2O5, 991 samples with grades >0.3% V2O5 and 265 samples with grades between 0.8% and 3.1% V2O5. Sample lengths were typically 5 foot sample intervals. Very limited sampling of the vanadium-rich unit has also shown elevations of silver, zinc and cobalt.

The Technical Report is re-issued from the original report that was completed for Energy Metal Corp. (EMC) in April 2010, however the 2010 mineral resource estimate has been declared a historic resource in the current Technical Report and will remain a historic resource until such time as Cornerstone has it updated with current metal pricing and costs. The Company is not treating the historic mineral resource estimate as current and as such they should not be relied upon.

In the Technical Report, SRK recommended a two-stage development plan with the Phase 1 program consisting of infill diamond drilling with 18 wide spaced holes totaling 1,317m (4,320’) and metallurgical testwork will serve to confirm the mineralized intervals and grades reported from the historic rotary drilling.

Technical disclosure regarding the Technical Report in this news release has been reviewed and approved by Dr. Bart Stryhas, PhD, CPG., and Mr. John Cooper, P.E. both Qualified Persons as defined by National Instrument 43-101.

Assignment Agreement and Underlying Option Agreement

Pursuant to the Assignment Agreement, AGEI assigned to the Company all of AGEI’s interest in an option agreement between AGEI and Golden Predator US Holding Corp. (“GPUS”) dated June 14, 2017 as amended September 12, 2017 (the “Option Agreement”). GPUS, the owner of the Property, is a private Nevada corporation that is a subsidiary of Golden Predator Mining Corp. (TSXV:GPY). The Option Agreement grants to Cornerstone the option to acquire a 100% interest in the Carlin Vanadium Project.

Pursuant to the terms of the Assignment Agreement, in consideration for the assignment, Cornerstone will pay to AGEI: (i) cash payments totalling US$50,000; (ii) an aggregate of 2,000,000 common shares of the Company (issuable in stages); and a 1.5% NSR (to be granted when Cornerstone exercises its option and acquires its interest in the Property).

At closing, the Company paid AGEI US$35,000 (being the balance of cash payments due) and issued to AGEI the initial tranche of 1,000,000 common shares due. A finder’s fee of US$5,000 and 100,000 common shares of the Company was also paid and issued in relation to this transaction. All common shares issued at closing are subject to a 4 month hold period in compliance with Canadian securities law.

Under the terms of the Option Agreement, in order to earn its interest in the Property, Cornerstone is required to make cash payments to GPUS and to incur exploration expenditures on the Property, all as set out in the table below.

The total consideration applicable to Cornerstone’s acquisition of the Property under both the Assignment Agreement and the Option Agreement, is set out below on a yearly basis:


 

Cash

Securities

Exploration or Other Work Commitments

Year 1

US$35,000 to AGEI (paid)

US$25,000 to GPUS (paid)

1,000,000 shares to AGEI (issued)

US$50,000 expenditures on Property

Year 2

US$50,000 to GPUS

1,000,000 shares to AGEI

US$125,000 expenditures on Property

Year 3

--

--

US$225,000 expenditures on Property

Year 4

US$1,910,000 to GPUS(1)

--

US$250,000 expenditures on Property(2)

Cornerstone to complete a PEA

Ongoing

US$250,000/year to AGEI commencing after PEA published (as advance   royalty payment or advancement against royalty buy-back payment)

--

US$250,000 expenditures on Property in Year 5(2)

US$122,00 expenditures on the Property in Year 6(1)

Notes:

  1. Total cash payments aggregating US$2M may be paid to GPUS at any time after Year 3, the payment of which will complete the option exercise requirements, at which time Cornerstone would then be deemed to have exercised the option and to have acquired a 100% interest in the Property (and any requirements to incur further expenditures would then terminate).
  2. If aggregate cash payments of US$2M (see Note 1 above) have not been paid prior to such date.

At such time as Cornerstone has exercised the option in full and acquired a 100% interest in the Property, a 1.5% NSR will be granted to AGEI under the Assignment Agreement and a 2% NSR will be granted to GPUS under the Option Agreement. The AGEI 1.5% NSR may be purchased by the Company at any time for US$1,000,000 per 0.5% NSR. The GPUS 2% NSR may be purchased by the Company at the time of the option exercise for US$4 million.

Grant of Options

The Company also announces the grant of 200,000 incentive stock options to a director of the Company, subject to the terms and provisions of the Company’s stock option plan, at an exercise price of $0.31 per share, for a five year term.

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.

Besides the rights to earn 100% in the Carlin Vanadium Property described above, 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.

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 potential acquisition of the Carlin Vanadium project as described in the news release. 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. In addition to other risks, the Company's potential acquisition may prove to be unsuccessful and the Company may be unable to complete such transaction, whether because due diligence was unsatisfactory or otherwise. Further, the Company may not attract capital in the future to finance the transaction costs or obligations under the Option Agreement, which could affect whether the Company proceeds with the exercise of its option thereunder. 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.

November 6, 2017 - Vancouver, British Columbia Cornerstone Metals Inc. (TSXV – CCC) (“Cornerstone” or the “Company”) is pleased to welcome Dr. Radomir Vukcevic to its Board of Directors, effective immediately.

Dr. Vukcevic received his PhD in Metallurgy from the University of Clausthal, West Germany and taught for more than 20 years as Associate Professor in Metallurgy at RMIT, Melbourne and Witwatersrand University, Johannesburg and a Professor of Metallurgy at University of Western Australia, Perth, published several books on metallurgy and holds several industrial patents for mining-related technologies. Following his teaching career, Dr. Vukcevic spent over 35 years in real-world engineering experiences by providing technological, technical and equipment solutions to mining companies globally. He was in Senior Management of Alcoa AWA in Melbourne, Perth, and Pittsburgh for 14 years and Anaconda (Anglo American/Glencore) for 3 years. He was CEO/Principal, Mineral Processing and Marketing, Australia Ltd. providing technological solutions for mining and metallurgical companies such as BHP Billiton, Jinchuan Group (China), Heron Resources (Kalgoorlie, Western Australia), Moneo Metals (New Caledonia) and Acclaim Resources (Western Australia).

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.

October 25, 2017 - Vancouver, British Columbia Cornerstone Metals Inc. (TSXV – CCC) (“Cornerstone” or the “Company”) is pleased to announce the addition of Lawrence Page to its Advisory Board. Lawrence Page, Q.C.obtained his law degree from the University of British Columbia in 1964 and was called to the Bar of British Columbia in 1965, where he has practiced in the areas of natural resource law, corporate and securities law to the present date.  Through his experience with natural resource companies and, in particular, precious metals development, Mr. Page has established a unique relationship with financiers, geologists and consultants and has been counsel for and a director of companies, which have discovered and developed producing mines in North America.  Specifically, he has been a director and officer of companies which have discovered and brought into production the David Bell and Page Williams mines in Ontario, the Snip, Calpine/Eskay Creek and Mascot Gold Mines in British Columbia and the discovery of the Penasquito orebody in Mexico. Mr. Page is the principal of the Manex Resource Group of Vancouver, which provides administrative, financial, corporate, corporate finance and geological services to a number of public companies in the mineral resource sector. He currently serves as a director of Bravada Gold Corporation, Southern Silver Exploration Corp. and Valterra Resource Corporation.

Over the past year, the Company has taken significant steps to strengthen its boards of directors and advisors with the addition of experienced, highly regarded professionals in their respective fields of expertise. Collectively, the Company now has a broad skill set ranging from financing to mineral exploration, mine development, construction and operations, including mining and processing - a unique attribute compared with many of its peers.

The Company also announces the grant of a total of 645,000 incentive stock options to directors, officers, advisors and consultants of the Company, subject to the terms and provisions of the Company’s stock option plan, at an exercise price of $0.30 per share, for a five year term.

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.

October 18, 2017 - Vancouver, British Columbia Cornerstone Metals Inc. (TSXV – CCC) (“Cornerstone” or the “Company”) is pleased to announce that it has closed its non-brokered private placement previously announced September 22, 2017. The Company has issued an aggregate of 7,857,284 units at a price of $0.14/unit for gross proceeds of $1,100,020. Each unit is comprised of one share and one warrant. Each warrant will be exercisable into a share, at an exercise price of $0.24 per share, until October 18, 2020. Securities issued pursuant to the private placement will be subject to a four month hold period until February 19, 2018.

Insiders of the Company purchased a total of 687,500 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 $17,645.60.

The proceeds of the private placement will be used to carry out exploration programs on the Company’s West Jerome property and its proposed new Carlin Vanadium Project and for general working capital. In accordance with Exchange requirements, funds allocated towards the Company’s new proposed Vanadium project may not be advanced until the Company has received TSXV approval for the acquisition of the project, failing which funds will be allocated to general working capital.

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.

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.

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 use of proceeds of the 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.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

OR FOR DISSEMINATION IN THE UNITED STATES

October 11, 2017 - 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 September 22, 2017 and September 29, 2017. Accordingly, the Company will be further increasing its private placement such that it proposes to now sell and issue up to 7,857,143 units at a price of $0.14/unit for gross proceeds of up to $1,100,000. Each unit will be comprised of one share and one warrant. Each warrant will be exercisable into a share for a period of three years at a price of $0.24/share. The proceeds of the private placement will be used to carry out exploration programs on the Company’s West Jerome property and its proposed new Carlin Vanadium Project and for general working capital. The Company may pay a finder’s fee of cash, common shares or warrants, or a combination thereof, 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.

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.

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 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.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

OR FOR DISSEMINATION IN THE UNITED STATES

 

September 29, 2017 - Vancouver, British Columbia Cornerstone Metals Inc. (TSXV – CCC) (“Cornerstone” or the “Company”) announces that it will be increasing its non-brokered private placement previously announced September 22, 2017, such that it proposes to now sell and issue up to 7,142,857 units at a price of $0.14/unit for gross proceeds of up to $1,000,000. Each unit will be comprised of one share and one warrant. Each warrant will be exercisable into a share for a period of three years at a price of $0.24/share. The proceeds of the private placement will be used to carry out exploration programs on the Company’s West Jerome property and its proposed new Carlin Vanadium Project and for general working capital. The Company may pay a finder’s fee of cash, common shares or warrants, or a combination thereof, 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 TSX Venture Exchange (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.

In addition, the Company is pleased to announce that TSXV has provided conditional approval to the Assignment of Property Option Agreement with Americas Gold Exploration Inc. (AGEI) previously announced September 22, 2017, subject to the Company fulfilling all of the filing requirements of the TSXV, which the Company is now working diligently to complete. Pursuant to the agreement, Cornerstone will acquire a 100% interest in AGEI’s underlying option agreement on the Carlin Vanadium Project, Nevada. Closing will occur upon receipt of TSXV final acceptance of the agreement.

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.

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.

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.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

OR FOR DISSEMINATION IN THE UNITED STATES

September 22, 2017 - Vancouver, British Columbia Cornerstone Metals Inc. (TSXV – CCC) (“Cornerstone” or the “Company”) is pleased to announce that further to its August 11, 2017 and September 5, 2017 news releases, it has now executed a binding Assignment of Property Option Agreement with Americas Gold Exploration Inc. (AGEI), a private Nevada corporation, pursuant to which it will acquire a 100% interest in its underlying option agreement on the Carlin Vanadium Project, Nevada. Closing will occur upon receipt of TSX Venture Exchange (TSXV) acceptance of the agreement.

The Company also announces a non-brokered private placement of up to 5,500,000 units at a price of $0.14/unit for gross proceeds of up to $770,000. Each unit will be comprised of one share and one warrant. Each warrant will be exercisable into a share for a period of three years at a price of $0.24/share. The proceeds of the private placement will be used to carry out exploration programs on the Company’s West Jerome property and its proposed new Carlin Vanadium Project and for general working capital. The Company may pay a finder’s fee of cash, common shares or warrants, or a combination thereof, to eligible persons in compliance with applicable securities laws and exchange policies. 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. 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.

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.

September 19, 2017 - Vancouver, British Columbia Cornerstone Metals Inc. (TSXV – CCC) (“Cornerstone” or the “Company”) is pleased to announce that TSXV has approved the consolidation of its common shares on a 2 for 1 basis. The consolidation will take effect Friday, September 22, 2017. Assuming no other change in the issued capital of the Company, it is expected that upon completion of this consolidation, Cornerstone will have approximately 11,452,847 common shares issued and outstanding, reduced from 22,905,694 which are currently issued and outstanding. At the opening of trading on Friday, September 22, 2017, the CUSIP number of the Company will change to 21925M208, however, the Company’s name and trading symbol will remain the same. The Company’s outstanding options and warrants will also be adjusted on the same basis (2 for 1) as the common shares, with proportionate adjustments being made to exercise price. No fractional common shares will be issued, and no cash will be paid in lieu of fractional, post-consolidation common shares, options or warrants. The number of post-consolidation common shares to be received by a shareholder will be rounded down to the nearest whole common share (less than one-half of a share will be cancelled and more than one-half of a share will be changed to one whole share). A letter of transmittal will be mailed to all registered shareholders with instructions on how to exchange existing share certificate(s) for new share certificate(s). Additional copies of the letter of transmittal can be obtained through Computershare Investor Services Inc. Until surrendered, each certificate formerly representing common shares of the Company will be deemed for all purposes to represent the number of common shares to which the holder thereof is entitled as a result of the consolidation.

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 proposed 2:1 consolidation. These forward-looking statements involve numerous assumptions made by the Company based on factors it believes are appropriate in the circumstances. 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.

September 5, 2017 - Vancouver, British Columbia Cornerstone Metals Inc. (TSX-V – CCC) (“Cornerstone” or the “Company”) is pleased to announce that it has completed its due diligence on the Carlin Vanadium Project and is proceeding to Definitive Agreement stage. The Company announced on August 11, 2017 it had entered into a non-binding Letter of Intent (LOI) with Americas Gold Exploration Inc. (AGEI), a private Nevada corporation, to acquire 100% interest in its underlying option agreement on the Carlin Vanadium Project, Nevada. The Carlin Vanadium Project has one of the largest known primary vanadium deposits in the U.S.A. The latest utility-scale battery storage technology to emerge on the commercial market is the vanadium redox flow battery.

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. By 1967, UCC completed a vanadium resource estimate that was completed prior to the adoption of NI 43-101.

SRK Consulting (U.S.) Inc. reported an NI-43-101 Inferred mineral resource within a Technical Report titled NI 43-101 Technical Report on Resources, EMC Metals Corp., Carlin Vanadium Project, Carlin, Nevada and dated April 30, 2010 (the “Technical Report”) on the deposit, following the guidelines of the CIM Definition Standards for Mineral Resources and Mineral Reserves. The Technical Report, which was prepared according to the disclosure requirements of NI 43-101 – Standards of Disclosure for Mineral Projects, outlined an Inferred mineral resource, at a 0.3% vanadium pentoxide (V2O5) cut-off-grade, of 28 million tons at a weighted average grade of 0.515% (V2O5), having a total metal content of 289 million pounds V2O5.

Notes to accompany Carlin Vanadium Mineral Resource:

The 0.3% V2O5 cut-off-grade (CoG) was chosen 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 $2.30/short ton (“st”) mining cost, $35/st milling cost, $0.50/st admin cost, 65% recovery, 95% selling pay-for, 1% freight charge, 0% royalty and a $10.46/lb V2O5 value. The V2O5 price was based on a five year trailing average value. This analysis resulted in a break-even CoG of 0.30%. The results reported in the resource statement are rounded to reflect the approximation of grade and quantity, which can be achieved at this level of resource estimation. Tonnage and grade measurements are in US units. Grades are reported in percentages.

The historic Carlin Vanadium mineral resource estimate that was prepared by SRK for EMC Metals Corp. (EMC) had an effective date of April 9, 2010. Results of the study were disclosed previously by EMC in accordance with NI 43-101 and are considered historic in nature by the Company. This historical estimate was prepared using currently accepted methods and assumptions but the costs and prices assumed are not current. It is considered reliable since the geologic model developed by EMC geologists was used. The historical estimate uses the same resource classes described in Section 1.2 of NI 43-101. The historical estimate does not include any more recent data or estimates available to the Company. The work needed to upgrade the historical estimate as current mineral resources will be to use current costs and metal prices. A qualified person has not completed sufficient work to classify the historical estimate as current mineral resources. The Company is not treating the historical estimate as current mineral resources. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Paul Cowley, Cornerstone’s President and CEO, comments, “The project has an exceptional setting, location and infrastructure available to it. We are looking to finalize the acquisition expeditiously and begin work advancing the project.”

A Finder’s Fee is payable in relation to this transaction within guidelines of TSX-V policy. The acquisition and Finder’s Fee are subject to TSX-V approval.

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.

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.

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 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 potential acquisition of the Carlin Vanadium project as described in the news release. 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. In addition to other risks, the Company's potential acquisition may prove to be unsuccessful and the Company may be unable to complete such transaction. Further, the Company may not attract capital in the future to finance the transaction costs or obligations under the assignment, which could affect whether the Company proceeds with the acquisition. 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.

August 11, 2017 - Vancouver, British Columbia Cornerstone Metals Inc. (TSX-V – CCC) (“Cornerstone” or the “Company”) is pleased to announce that it has entered into a non-binding Letter of Intent (LOI) with Americas Gold Exploration Inc. (AGEI), a private Nevada corporation, to acquire 100% interest in its underlying option agreement on the Carlin Vanadium Project, Nevada. The Carlin Vanadium Project has one of the largest known primary vanadium deposits in the U.S.A. The latest utility-scale battery storage technology to emerge on the commercial market is the vanadium redox flow battery.

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.

By 1967, UCC completed a vanadium resource estimate that is not NI 43-101 compliant. In April 2010, SRK Consulting (U.S.) Inc. reported an NI-43-101 compliant Inferred mineral resource and Technical Report for EMC Metals Corp. on the deposit. Since the necessary work to verify the 2010 estimate as current estimate under NI 43-101 has not yet been done by Cornerstone’s Qualified Person, Paul Cowley, P.Geo., the 2010 estimate should be considered historic and not be relied upon so has not been reported here. Drilling to date indicates a zone of mineralization 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.

Located along the western flank of the Pinon Range, the Carlin Vanadium deposit has been interpreted to be a Syngenetic-type occurrence within the Paleozoic-age Woodruff shale, host to several other vanadium deposits in Nevada with similar characteristics. The Syngenetic-type occurrences are associated with black shales and are believed to have formed by evaporation, concentration and precipitation of vanadium from vanadium-rich seawater in a deep restricted inland sea basin.

Paul Cowley, President and CEO comments ”As vanadium plays an increasingly important role as a component of batteries used in the Renewable Energy industry, the Carlin Vanadium deposit with its apparent size, grade and location, provides our Company with a unique and strategic entry into this promising sector.”

Proposed Assignment Transaction

AGEI currently holds an option to acquire 100% of the Carlin Vanadium Project from the third party owner of the property. The LOI outlines the principal terms under which AGEI would assign its interest to Cornerstone. Upon execution of a formal assignment agreement, Cornerstone would assume all of the optionee’s obligations set out in the 5 year underlying option agreement, which include cash payments totaling US$75,000 and US$400,000 in work commitments over 2.5 years. In addition to these commitments, a US$2 million payment would complete the option exercise requirements, at which time Cornerstone would acquire a 100% interest in the project, subject to a 2% NSR in favour of the property owner, which could be bought out at the time of option exercise for US$4 million.

As set out in the LOI, in consideration for the assignment, Cornerstone will pay AGEI total cash payments of US$50,000 and issue to AGEI 2 million shares of Cornerstone, in two tranches. The LOI contemplates that Cornerstone will consolidate its share capital on a two old shares for one new share (2:1) basis prior to execution of the formal assignment agreement. Consequently, the consideration shares issuable to AGEI will be post-consolidation shares. It will be a further requirement of the assignment that Cornerstone produce a Preliminary Economic Assessment (PEA) on the project within 4 years. Once the underlying option agreement was fully exercised by the Company, AGEI would be granted a 1.5% NSR which could be entirely bought out at any time by Cornerstone for a total of US$3 million. Following the PEA, AGEI would receive US$250,000/year in cash, or in cash and shares (50/50) at Cornerstone’s discretion, until production. The post-PEA annual payments would be credited to the NSR buy-out amount or to any future NSR payments due to AGEI. A 60 day due diligence period has begun. The Company will provide an update when due diligence is completed.

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.

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.

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 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 potential acquisition of the Carlin Vanadium project as described in the news release. 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. In addition to other risks, the Company's potential acquisition may prove to be unsuccessful and the Company may be unable to complete such transaction, whether because due diligence was unsatisfactory or otherwise. Further, the Company may not attract capital in the future to finance the transaction costs or obligations under the assignment, which could affect whether the Company proceeds with the acquisition. 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 18, 2017 - Vancouver, British Columbia Cornerstone Metals Inc. (TSX-V – CCC) (“Cornerstone” or the “Company”) announces the appointment of Michael Mracek, P.Eng., to its Advisory Board, effective immediately. Mr. Mracek is a professional mining engineer registered in the provinces of Ontario and British Columbia. A graduate of the University of Saskatchewan in 1970, he spent his summers working underground at Eldorado, United Keno Hill, and Placer’s Craigmont sublevel caving operation. He moved to Thompson, Manitoba in 1970 where he spent 10 years with Inco, learning his craft from the bottom up. In the 1980’s, he moved on to Dickenson, Amok Cluff Mining, and Terra Mines becoming a Chief Engineer, Mine Superintendent, and finally Mine Manager. In 1990 he moved to Timmins where he spent 5 years for Royal Oak as General Manager at several mines including: Pamour, Hope Brook, and Colomac. Commencing in 1996, spent 11 years overseas where he worked in Ghana, Armenia, and Tanzania for Ashanti Goldfields, Sterlite Gold, and Barrick Gold in various capacities including VP and General Manager. He returned to Canada as Chief Operating Officer for Tournigan Gold before returning to Ghana as VP and General Manager of Golden Star’s Wassa operation. Since 2011, he has provided consulting services through Mracek Consulting, working for major consulting firms, including SRK and SNC-Lavalin, advising on various studies, including feasibility studies. The Company is pleased to have Mr. Mracek join the group.

 

Over the past 6 months the Company has taken significant steps to strengthen its Boards of Directors and Advisors with the addition of experienced, highly regarded professionals in their respective fields of expertise. Collectively, the Company now has the advantage of a deep and broad skill set ranging from financing, to mineral exploration, to mine development, construction and operations, including mining and processing - a unique attribute compared to many of its peers.

 

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.

March 29, 2017 - Vancouver, British Columbia Cornerstone Metals Inc. (TSX-V – CCC) (“Cornerstone” or the “Company”) is pleased to announce the appointment of Jacques McMullen, P.Eng., to its Advisory Board, effective immediately. Mr. McMullen holds a Bachelor Degree in Applied Sciences, Metallurgical Engineering (BASc) and a Master Degree of Applied Sciences in Mineral Processing (MASc.) both from Laval University, Quebec. He spent the initial 15 years of his career with LAC Minerals where he gained operations’ management experience to eventually be involved with the optimization of all Milling Operations of the Company. Joining Barrick Gold through the take-over of LAC, Mr. McMullen rose to Senior Vice President roles during his 18 year operating career with Barrick. While having been a Director on various Boards, namely Orvana Minerals, Minera S.A., Highland Gold and currently NewCastle Gold, he also presently acts as corporate technical advisor to Detour Gold Corporation. Through his technical exposure to a very large number of mining assets over the years, in operations, development and management of capital projects, he can identify key value drivers and gaps, and generate turn-around strategies to create shareholder value and catalyze business growth.

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.

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.

August 5, 2015 – Vancouver, British Columbia –Cornerstone Metals Inc. (TSX.V: CCC) (“Cornerstone” or the “Company”) announces that Lowell Copper Ltd. (TSX.V: JDL) (“Lowell Copper”) has terminated the option agreement announced February 11, 2015 on Cornerstone’s West Jerome project in Yavapai County, Arizona (the “Project”). Lowell Copper conducted 2 gravity surveys by Zonge International Inc. (“Zonge”) over the Project, which generated two anomalies, one being open-ended. Zonge recommended further work to better define the open-ended anomaly, however due to market conditions and other priorities, Lowell Copper has preferred not to proceed further with the Project. As a result, Cornerstone retains a 100% interest in the Project, now supported by gravity anomalies.

The West Jerome property consists of approximately five square kilometres of claims on the west side of patented lands held by Freeport McMoran. The Project, a volcanogenic sulphide camp, contains a high-grade, massive sulphide target located 2.4 km south of the past-producing United Verde Mine (Phelps Dodge production records from 1889-1974 indicate 33 million tons grading 4.36% Cu, 1.53 opt Ag and 0.042 opt Au; 2.9 billion lbs of copper (this information is not necessarily indicative of the mineralization on the Project.)

The Project has excellent geological and geophysical support for a large VMS target. The property has two favourable stratigraphic horizons traced from the United Verde mine onto West Jerome. Both surface exposures and limited drilling have identified strong chloritic alteration typical of a VMS feeder pipe and geophysical surveys (electromagnetic and gravity) have identified anomalies coincident with the favourable stratigraphic horizons and chlorite alteration.

Paul Cowley, President and CEO of Cornerstone commented, “Although we are disappointed in losing Lowell Copper as a potential partner on the Project, we are pleased that the results of their work has advanced the Project by generating supportive gravity anomalies. Furthermore, we hold 100% of the Project.”

On Behalf of Cornerstone Metals Inc.

“Paul Cowley”

President and 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.

Website: www.cornerstonemetals.ca

Paul Cowley, P.Geo., the Company’s President and Chief Executive Officer, is the Qualified Person as defined under National Instrument 43-101 and has approved the scientific and technical content of this news release.

Neither the 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.

May 21, 2015 – Vancouver, British Columbia –Cornerstone Metals Inc. (TSX.V: CCC) (“Cornerstone” or the “Company”) announces the appointment of Rebecca Moriarty, CA, as Chief Financial Officer and Corporate Secretary of the Company.   The appointment follows the resignation of Robert McMorran from these positions. The board of directors wishes to extend its appreciation for Mr. Morran’s service to the Company.  

Ms. Moriarty earned her B.Sc. (Geology) from Queens University in Kingston. She achieved her Chartered Accountant designation in 2002.   During an eleven year period with PwC, she worked exclusively with resource companies. Since 2011 Ms. Moriarty has worked as a Senior Consultant with Malaspina Consultants Inc., continuing to work with resource companies, including Cornerstone.

On Behalf of Cornerstone Metals Inc.

“Paul Cowley”

President and 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.

Website: www.cornerstonemetals.ca

Neither the 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.

April 6, 2015 – Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V: CCC) (“Cornerstone” or the “Company”) announces that it has closed a non-brokered private placement of 6,250,000 units, at a price of $0.02 per unit, for gross proceeds of $125,000. Each unit consists of one common share and one transferable share purchase warrant. Each warrant will be exercisable to purchase one additional common share, at an exercise price of $0.05 per share, until April 6, 2017. Securities issued pursuant to the private placement will be subject to a four month hold to August 7, 2015.

The Company has paid a finder’s fee to Haywood Securities Inc. of 225,000 units for certain found subscriptions, subject to the same terms and conditions of the private placement units.

Proceeds from the private placement will be used for general working capital including: mineral leases ($25,000); accounting and audit ($45,000); general office expenses ($2,500); legal ($7,500); listing and filing fees ($11,000); management fees ($25,000); and transfer agent ($7,500).

On Behalf of Cornerstone Metals Inc.

“Paul Cowley”

President and 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.

Website: www.cornerstonemetals.ca

March 30, 2015 – Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V: CCC) (“Cornerstone” or the “Company”) announces that it has increased a non-brokered private placement, previously announced on February 23, 2015, from up to 5,000,000 units to up to 6,250,000 units, at a price of $0.02 per unit, for gross proceeds of up to $125,000. Each unit will consist of one common share and one transferable share purchase warrant. Each warrant will be exercisable to purchase one additional common share, at an exercise price of $0.05 per share, for a period of two years from issuance of the warrants. Securities issued pursuant to the private placement will be subject to a four month hold.

Proceeds from the private placement will be used for general working capital including: mineral leases ($25,000); accounting and audit ($45,000); general office expenses ($2,500); legal ($7,500); listing and filing fees ($11,000); management fees ($25,000); and transfer agent ($7,500).

The Company may pay a finder’s fee to eligible finders, in accordance with regulatory policies.

The private placement is subject to TSX Venture Exchange approval.

On Behalf of Cornerstone Metals Inc.

“Paul Cowley”

President and 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.

Website: www.cornerstonemetals.ca

February 23, 2015 – Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V: CCC) (“Cornerstone” or the “Company”) announces a non-brokered private placement pursuant to which it will issue up to 5,000,000 units at a price of $0.02 per unit for gross proceeds of up to $100,000. Each unit will consist of one common share and one transferable share purchase warrant. Each warrant will be exercisable to purchase one additional common share, at an exercise price of $0.05 per share, for a period of two years from issuance of the warrants. Securities issued pursuant to the private placement will be subject to a four month hold.

Proceeds from the private placement will be used for general working capital.

The Company may pay a finder’s fee to eligible finders, in accordance with regulatory policies.

The private placement is subject to TSX Venture Exchange approval.

On Behalf of Cornerstone Metals Inc.

“Paul Cowley”

President and 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.

Website: www.cornerstonemetals.ca

Neither the 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.

February 11, 2015 – Vancouver, British Columbia – Lowell Copper Ltd. (TSX.V: JDL) and Cornerstone Metals Inc. (TSX.V: CCC) ("Cornerstone" or the "Company") are pleased to announce that they have entered into a binding option agreement in respect of the grant of an option (the "Option") on Cornerstone's West Jerome project in Yavapai County, Arizona (the "Project").

Under the terms of the Option, Lowell Copper can acquire up to a 75% interest in the Project in exchange for Lowell Copper: 1) on the first anniversary and annually thereafter, issuing to Cornerstone C$40,000 worth of shares; 2) funding work expenditures as described below; and 3) issuing to Cornerstone C$15,000 worth of shares subject to the results of a gravity survey to be undertaken on the Project as part of the initial work program.

Lowell Copper can earn an initial 51% interest in the Project by incurring expenditures of C$600,000 on the Project within two years of the signing of the Option. To earn an additional 24% interest in the Project, for a total interest of 75%, Lowell Copper must incur an additional C$2,000,000 within two years of earning the initial 51% interest in the Project, after which a joint venture will be formed.

Paul Cowley, President and CEO of Cornerstone commented, "We are very pleased that a well-known, well-funded player in copper has recognized the potential of our West Jerome property."

The West Jerome property consists of approximately five square kilometres of claims on the west side of patented lands held by Freeport McMoran. The Project, a volcanogenic sulphide camp, contains a high-grade, massive sulphide target located 2.4 km south of the past-producing United Verde Mine (Phelps Dodge production records from 1889-1974 indicate 33 million tons grading 4.36% Cu, 1.53 opt Ag and 0.042 opt Au; 2.9 billion lbs of copper – this information is not necessarily indicative of the mineralization on the Project).

The Project has excellent geological and geophysical support for a large VMS target. The property has two favourable stratigraphic horizons traced from the United Verde mine onto West Jerome. Both surface exposures and limited drilling have identified strong chloritic alteration typical of a VMS feeder pipe and geophysical surveys (electromagnetic) have identified two strong anomalies coincident with the favourable stratigraphic horizons and chlorite alteration.

On Behalf of Cornerstone Metals Inc.
"Paul Cowley"
President and 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.
Website: www.cornerstonemetals.ca

Paul Cowley, the Company's President and Chief Executive Officer, is the Qualified Person as defined under National Instrument 43-101 and has approved the scientific and technical content of this news release.

Neither the 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.

May 12, 2014 – Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V: CCC) (“Cornerstone” or the “Company”) has closed a non-brokered private placement of 2,453,660 units at a price of $0.05 per unit for gross proceeds of $122,683. Each unit is comprised of one common share and one transferable share purchase warrant. Each warrant will be exercisable to purchase one additional common share at an exercise price of: $0.05 in the first six (6) months after issuance of the warrants, $0.075 in the period from six (6) months to twelve (12) months after issuance of the warrants, and $0.10 in the period from twelve (12) months to twenty four (24) months after issuance of the warrants. If during the exercise period of the warrants, subsequent to the expiry of the regulatory 4 month hold period, the closing price of the Company’s common shares is at least $0.15 per share for 20 consecutive trading days, the Company may accelerate the expiry time of the warrants to 20 calendar days from the date written notice is provided to the warrant holders. Securities issued pursuant to the private placement are subject to a four month hold until September 13, 2014.

Proceeds from the private placement will be used for general working capital.

The Company has paid a finder’s fee of 56,000 units to Haywood Securities Inc. The finder’s fee units are under the same terms as the units issued pursuant to the private placement.

The Company also wishes to announce that Thomas R. Kilbey has been appointed VP Exploration for the Company. Tom Kilbey has over 27 years of grassroots exploration, property evaluation, and mine/project development experience all over the United States and parts of Mexico. Tom has a B.Sc. from Univ. of Wisc.-Milwaukee and an M.S. geology from Arizona State. He has worked for majors (Amax, Cyprus, Newcrest, AngloGold) and juniors (Copper One, Romarco). Much of his major company experience includes developing and prospecting sediment hosted, skarn, porphyry gold and copper deposits along with epithermal gold vein systems and bulk mineable gold-silver resources. Tom is a Qualified Person and a C.P.G. with the American Institute of Professional Geologists.

On Behalf of Cornerstone Metals Inc.

“Paul Cowley”

President and 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.

Website: www.cornerstonemetals.ca

 

Neither the 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.

March 25, 2014 – Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V: CCC) (“Cornerstone” or the “Company”) wishes to announce a non-brokered private placement pursuant to which it will issue up to 3,000,000 units at a price of $0.05 per unit for gross proceeds of up to $150,000. Each unit will consist of one common share and one transferable share purchase warrant. Each warrant will be exercisable to purchase one additional common share at an exercise price of: $0.05 in the first six (6) months after issuance of the warrants, $0.075 in the period from six (6) months to twelve (12) months after issuance of the warrants, and $0.10 in the period from twelve (12) months to twenty four (24) months after issuance of the warrants. If during the exercise period of the warrants, subsequent to the expiry of the regulatory 4 month hold period, the closing price of the Company’s common shares is at least $0.15 per share for 20 consecutive trading days, the Company may accelerate the expiry time of the warrants to 20 calendar days from the date written notice is provided to the warrant holders.

Proceeds from the private placement will be used for general working capital.

The Company may pay a finder’s fee to eligible finders in accordance with regulatory policies.

The private placement is subject to TSX Venture Exchange approval.

In addition, the Company is looking for partners on its properties.

On Behalf of Cornerstone Metals Inc.

“Paul Cowley”

President and 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.

Website: www.cornerstonemetals.ca

 

Neither the 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.

January 20, 2014 – Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V: CCC) (“Cornerstone” or the “Company”) reports that, as a result of a review by the British Columbia Securities Commission (the “BCSC”), the Company is issuing the following news release to clarify certain technical disclosure.

Certain of the Company’s disclosure contained in its Corporate Presentation and as posted on the Company’s website included certain disclosures non-compliant with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). The Company has now taken the following actions to clarify these non-compliant disclosures:

-         -  The Company has shut down its website and is in the process of amending the website relating to the Company’s disclosure

-         - The Company’s website previously contained non-compliant disclosure which has been retracted and deleted, the specifics of which are set out below. The non-compliant disclosure should not be relied upon.

-        -  In those instances where the Company has clarified or revised previous disclosure, the Company advises readers not to rely on such previous statements as they may continue to be found in the public domain.

Non-Compliant Exploration Targets

Lone Mountain Project, New Mexico

On the Company’s website project disclosure for its Lone Mountain project and on slides 9 and 21 of its Corporate Presentation dated December 9, 2013, the Company has disclosed an exploration target for the Lone Mountain property, which is restricted by NI 43-101 section 2.3(1)(a) because it does not include the information and cautionary language required by section 2.3(2) of NI 43-101.  

Accordingly, investors are cautioned that the exploration target at the Company’s Lone Mountain project in New Mexico is conceptual in nature.   The Potential Estimate for the leachable copper zone at Lone Mountain has a range between 110 and 160 million tonnes at between 0.20% and 0.29% copper. The estimate was based on all drill data (43 holes, 100-250m spacing), modeled in 3D for the near surface leachable copper zone and applied simple weighted averages of assays within modeled solids. The quoted figures are reported as an exploration target. The potential quantities and grades are conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. The Company has updated its website material and its Corporate Presentation to include this information and cautionary language required by NI 43-101.

Twin Peaks Project, Arizona

On slide 9 of the Company’s December 9, 2013 Corporate Presentation, the Company has disclosed an “exploration target” for the Twin Peaks property, which is restricted by NI 43-101 section 2.3(1)(a) because it does not include the information and cautionary language required by section 2.3 (2) of NI 43-101.   The Company was in error and has deleted references to the exploration potential for the Twin Peaks property from its Corporate Presentation. The Company does not have an “exploration target” on Twin Peaks as defined by NI 43-101. Readers should not rely on the retracted statement because there is inadequate drilling and drill density at this time.

Selective Disclosure of Highest Values

On slides 9 and 16 of its December 9, 2013 Corporate Presentation, the Company disclosed previous exploration results for its Mimbres Project in New Mexico, by reporting only the highest or best values and used an “up to” basis for reporting values. This type of disclosure is not balanced or complete and may be misleading if high values are from selected samples or outliers. The Company has updated its Corporate Presentation to disclose a range of all available exploration results “from 15.2m @ 0.4% Cu to 43m @1% Cu” for the Mimbres Project.

Qualified Person

On the Company’s Website, December 9, 2013 Corporation Presentation, and Corporate Overview, the Company did not identify and disclose the relationship to the Company of the qualified person who prepared or supervised the preparation of, or approved of the technical information disclosed, as required by NI 43-101 Section 3.1.

All technical disclosure information included in such disclosures was prepared under the supervision of Paul Cowley, P.Geo., President and CEO of the Company, a qualified person consistent with NI 43-101. The Company has updated its Website and Corporation Presentation. The downloadable Corporate Overview has been removed in its entirety from the Company’s website.

On Behalf of Cornerstone Metals Inc.

“Paul Cowley”

President and 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.

Website: www.cornerstonemetals.ca

Paul Cowley, P. Geo., President & CEO of the Company, is the Qualified Person under NI 43-101 who has reviewed and approved the technical content of this news release.

 

Neither the 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.

December 5, 2013 – Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V: CCC) (“Cornerstone” or the “Company”) held its Annual General and Special Meeting of Shareholders (the “AGM”) on December 2, 2013, at which the following directors were re-elected for the ensuing year – Paul Cowley, Jason Nickel, Courtney Shearer, and Fred Sveinson.

Following the AGM, the board of directors appointed Paul Cowley as President and Chief Executive Officer and re-appointed Rob McMorran as Chief Financial Officer of the Company for the ensuing year.

Subsequently, on December 4, 2013, Courtney Shearer tendered his resignation from the board of directors, due to other commitments.   The board would like to extend its appreciation to Mr. Shearer for his service to the Company.

About Cornerstone Metals Inc.

Cornerstone’s objective is to stage copper and precious metals properties to production in the Americas. The core competence of the Company’s Management and Board is in the exploration, permitting, development, construction and operation of mining projects. Cornerstone recently acquired four large scale copper projects in the prolific copper district in SW USA. Three projects have potential as large footprint, copper oxide deposits. The fourth has potential for a large-scale, copper-rich VMS deposit.

On Behalf of Cornerstone Metals Inc.

“Paul Cowley”

President and 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.

Website: www.cornerstonemetals.ca

Neither the 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.

November 4, 2013 - Vancouver, British Columbia - Cornerstone Metals Inc. (TSX-V – CCC) (“Cornerstone”

or the “Company”) announces that it will hold an annual general and special meeting of its shareholders (the “AGM”) on December 2, 2013.

 

The Company also announces the approval by its board of directors of an Advance Notice Policy (the “Policy”), which Policy, among other things, includes a provision that requires advance notice to the Company in circumstances where nominations of persons for election to the board of directors are made by shareholders of the Company other than pursuant to (i) a “proposal” made in accordance with Division 7 of the Business Corporations Act (British Columbia)(the “Act”); or (ii) a requisition of the shareholders made in accordance with section 167 of the Act.

 

Among other things, the Policy fixes a deadline by which holders of record of common shares of the Company must submit director nominations to the Secretary of the Company prior to any annual or special meeting of shareholders and sets forth the specific information that a shareholder must include in the written notice to the Secretary of the Company for an effective nomination to occur. No person will be eligible for election as a director of the Company unless nominated in accordance with the provisions of the Policy.

 

In the case of an annual meeting of shareholders, notice to the Company must be made not less than 30 nor more than 65 days prior to the date of the annual meeting; provided, however, that in the event that the annual meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual meeting was made by the Company, notice may be made no later than the close of business on the 10th day following such public announcement. In the case of a special meeting of shareholders (which is not also an annual meeting), notice to the Company must be made no later than the close of business on the 15th day following the day on which the first public announcement of the date of the special meeting was made.

 

The Policy is effective and in full force and effect as of the date it was approved. In accordance with the terms of the Policy, the Policy will be put to shareholders of the Company for approval at the AGM, and if the Policy is not confirmed at the meeting by ordinary resolution of shareholders, the Policy will terminate and be of no further force and effect following the termination of the AGM.

 

The date of the AGM is less than 50 days from the date hereof, therefore, any director nominations for the AGM must be received by the Company in compliance with the Policy no later than the close of business on Thursday, November 14, 2013.

 

“This added policy will allow the shareholders to be more involved in the direction and management of the Company moving forward,” stated Courtney Shearer, interim CEO.

 

The full text of the Policy will be available via SEDAR at www.sedar.com or upon request by contacting the Company at (406) 804-8636 or by email: This email address is being protected from spambots. You need JavaScript enabled to view it..

  

About Cornerstone Metals Inc.

 

Cornerstone’s objective is to 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 recently acquired four large scale copper projects in the highly prolific copper district in SW USA. Three projects have potential as large footprint, copper oxide deposits. The fourth has potential for a large scale, copper-rich VMS deposit.

 

ON BEHALF OF CORNERSTONE METALS INC.

 

Courtney Shearer

Interim CEO & President

 

For further information, please contact:

Courtney Shearer

Tel: 403-804-8636

Fax: 888-255-9604

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.

 

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.

 

October 3, 2013 - Vancouver, British Columbia - Cornerstone Metals Inc. (TSX-V – CCC) (“Cornerstone” or the “Company”) is pleased to announce that it has entered into a securities exchange agreement with Global Resources Investment Ltd. (“GRIL”), an arm’s length party to the Company. On completion of this transaction, the Company will exchange units (“Units”) of the Company for ordinary shares of GRIT (defined below). Thereafter, Cornerstone will, at its election, sell the GRIT shares through the facilities of the London Stock Exchange to realize proceeds that will then be used to fund the Company’s exploration programs and for general working capital.

GRIL has been established to exploit investment opportunities in the junior mining and natural resources sectors worldwide, with an investment objective to generate medium and long-term capital growth. GRIL will re-register as a public company and be constituted as an investment trust with the name Global Resources Investment Trust Plc (“GRIT”) and seek admission of its ordinary shares on the main market for listed securities on the London Stock Exchange.

Pursuant to the share exchange agreement, the Company will exchange 2,750,000 Units of the Company for 153,507 ordinary shares of GRIT. Each Unit will be issued at a deemed price of £0.0558/unit (approx. CAD$0.09/unit) and will be comprised of one common share of the Company and one share purchase warrant. Each warrant will be exercisable into one additional common share of the Company at a price of £0.0868/share (approx. CAD$0.14/share) for a period of two years. The GRIT shares will be issued at a deemed price of £1.00/share (approx. CAD$1.63/share).

Upon completion of this transaction, GRIT will become an insider of the Company in that it will acquire a 16.6% interest in the Company. The warrants will contain a provision that GRIT may only exercise such number of warrants that will not cause it to become a control person of the Company until such time as shareholder and TSX Venture Exchange approvals are obtained.

Closing of this securities exchange transaction is subject to a number of conditions precedent, including approval of the TSX Venture Exchange and GRIT successfully listing on the London Stock Exchange

About Cornerstone Metals Inc.

Cornerstone’s objective is to 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 recently acquired four large scale copper projects in the highly prolific copper district in SW USA. Three projects have potential as large footprint, copper oxide deposits. The fourth has potential for a large scale, copper-rich VMS deposit.

ON BEHALF OF CORNERSTONE METALS INC.
per:

“Courtney Shearer”
Interim CEO & President

For further information, please contact:

Courtney Shearer
Tel: 403-804-8636
Fax: 888-255-9604
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.

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.

August 22, 2013 - Vancouver, British Columbia –Cornerstone Metals Inc. (TSX-V – CCC) (“Cornerstone” or the “Company”) is pleased to announce that it has now completed the acquisition of all of the issued and outstanding shares of Copper One USA Inc. (“CO USA”) from Copper One Inc. (the “Vendor”), as described in previous news releases.

Through its acquisition of CO USA, the Company has acquired the Lone Mountain property, New Mexico, together with five other properties: West Jerome; Twin Peaks, West Safford and Teague Springs in Arizona and Mimbres in New Mexico.

Summary of the Agreement

On closing, the Company issued 2,250,000 shares to the Vendor. All shares are subject to a 4 month hold period as required under securities laws, expiring December 23, 2013. In addition, the Vendor agreed to a voluntary hold period on 750,000 shares, which hold period will expire on August 22, 2014.

Additional consideration is tied to specific properties and will be payable as follows:

  • Within 30 days of completing a feasibility study in respect of the Lone Mountain property, Cornerstone will (a) issue to the Vendor 2,000,000 Cornerstone common shares; (b) pay to the Vendor $1,000,000 in cash or shares at the Vendor’s option; and (c) grant to the Vendor a 0.5% net smelter return royalty capped at $5,000,000, which may be repurchased by Cornerstone for $1,000,000 in cash or shares at the Vendor’s option at any time up until the earlier of eight years following the date of the Agreement and the date on which commercial production is achieved in respect of the Lone Mountain property.
  • Within 30 days of completing a feasibility study in respect of the West Jerome property, Cornerstone will: (a) issue to the Vendor 500,000 Cornerstone common shares; (b) pay to the Vendor $750,000 in cash or shares at the Vendor’s option; and (c) grant to the Vendor a 0.5% net smelter return royalty capped at $4,000,000, which may be repurchased by Cornerstone for $800,000 in cash or shares at the Vendor’s option at any time up until the earlier of eight years following the date of the Agreement and the date on which commercial production is achieved in respect of the West Jerome property.
  • Within 30 days of completing a feasibility study in respect of any of the other properties, Cornerstone will: (a) issue to the Vendor 350,000 Cornerstone common shares; (b) pay to the Vendor $375,000 in cash or shares at the Vendor’s option; and (c) grant to the Vendor a 0.5% net smelter return royalty capped at $3,000,000, which may be repurchased by Cornerstone for $350,000 in cash or shares at the Vendor’s option at any time up until the earlier of eight years following the date of the Agreement and the date on which commercial production is achieved in respect of such property.

The Lone Mountain Property

The Lone Mountain property will become Cornerstone’s principal copper project in the United States. Located near Silver City, New Mexico, the Lone Mountain property is situated in a well-known mining district, 11 km southwest of the Santa Rita-Chino mine and 16 km northeast of the Tyrone mine; both of these mines are large open-pit copper operations owned by Freeport-McMoRan and both currently produce copper using the SX-EW technology.

Land holdings on the Lone Mountain property consist of two New Mexico State mineral leases and 40 unpatented federal mining claims, comprising 619.17 hectares (1,530 acres). Cornerstone will have an undivided 100% interest in the claims and leases. The Company will retain, through Copper One USA Inc, a State issued Level 4 exploration level permit for up to 176 drill sites and 3 holes per site.

The Lone Mountain property covers a large tonnage porphyry copper system with some 25,500 metres of historic drilling in 56 drill holes. It represents a broadly-explored, (drill hole spacing was approximately 250 metres) well-mineralized, porphyry-skarn system with multiple, stacked mineralized targets. Three distinct targets are present; a near-surface zone of copper oxide mineralization, underlain by a mixed copper oxide-chalcocite zone and finally a lower copper-zinc skarn zone. Copper oxide mineralization begins approximately 60 metres below surface and continues to over 250 meters below surface. The copper oxide and mixed oxide-chalcocite zones will be the primary focus for Cornerstone, with the aim to in-fill and justify an NI43-101 resource as quickly as possible.

The mineralization is open in three directions. Drilling in 2011 by Copper One intersected 135 meters of 0.36% copper on a portion of the property that had never been tested and extended the known western zone mineralization to the south, tripling its length.

The Other Properties

The West Jerome property, near Jerome, Arizona, will be Cornerstone’s second priority, consisting of approximately five square kilometers of claims 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 TEM geophysical targets.

The Twin Peaks property near Wickenburg, Arizona is a partially drilled, copper oxide deposit that has excellent infrastructure and potential for a large open-pit copper oxide body with very low strip ratio. A surface area measuring 750 metres by 520 metres exhibits veins, veinlets, and stockworks of chrysocolla and secondary malachite, tenorite, and cuprite and chalcocite hosted by a pyrite-poor Laramide-age quartz monzonite.

According to the US Geological Survey, the Safford District is the biggest undeveloped copper district in the world with multiple world-class porphyry copper deposits. The district is dominated by Freeport McMoRan mining operations. The West Safford and Teague Springs properties are two well-positioned projects in the district.

The West Safford property is 11km west from the producing Dos Pobres mine. It consists of approximately 2,860 acres of claims, and a 640-acre Arizona State Mineral Exploration lease. The target at West Safford is a large tonnage "Resolution-type" porphyry copper target, buried beneath younger alluvium, in the Safford Mining District.

The Teague Springs property consists of 1,920 acres of claims located further west of Dos Pobres. The target area is a large tonnage, buried Laramide porphyry copper-molybdenum-silver-gold system associated with a large, untested IP anomaly and a Mo-Cu-Zn biogeochemical anomaly.

The Mimbres property consists of 45 unpatented lode claims and 2,040 acres of New Mexico State Mining Leases over a potential porphyry copper-molybdenum deposit and higher-grade copper-zinc-gold-silver-bearing skarns. It has a large airborne magnetic signature similar in size and magnitude to the neighboring Chino copper mine operated by Freeport McMoRan, 8 kilometres away.

Courtney Shearer, interim-CEO remarked, “We are very pleased to now have copper assets in safe jurisdictions amenable to exploration and mining activities. These properties are at various stages of exploration. Lone Mountain and West Jerome are both capable of becoming advanced-stage exploration projects very quickly with modest programs.

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.

ON BEHALF OF CORNERSTONE METALS INC.
per:

“Courtney Shearer”
Interim CEO & President

For further information, please contact:

Courtney Shearer
Tel: 403-804-8636
Fax: 888-255-9604
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Paul S. Cowley, P.Geo., director of the Company is the Qualified Person as defined in NI43-101, who has reviewed and approved the technical content of this release.

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

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 doe snot 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.

July 29, 2013 - Vancouver, British Columbia –Cornerstone Metals Inc. (TSXV – CCC) (“Cornerstone” or the “Company”) Further to its news releases of March 21st and May 14th 2013, it is pleased to announce that it has entered into the definitive agreement (“the Agreement”) with Copper One Inc. (TSXV: CUO) to acquire all of the shares of Copper One’s U.S. subsidiary, Copper One USA Inc. (“Copper One USA”), which holds 6 properties located in Southwest United States, with the principal property being Lone Mountain, New Mexico.   The other properties are West Jerome; Teague Springs; West Safford and Twin Peaks in Arizona and Mimbres in New Mexico.

Under the terms of the Agreement, Copper One will receive 2,250,000 Cornerstone common shares on the closing date of the sale, plus the following additional consideration tied to specific properties:

  • Within 30 days of completing a feasibility study in respect of the Lone Mountain property, Cornerstone will (a) issue to Copper One 2,000,000 Cornerstone common shares; (b) pay to Copper One $1,000,000 in cash or shares at Copper One’s option; and (c) grant to Copper One a 0.5% net smelter return royalty capped at $5,000,000, which may be repurchased by Cornerstone for $1,000,000 in cash or shares at Copper One’s option at any time up until the earlier of eight years following the date of the Agreement and the date on which commercial production is achieved in respect of the Lone Mountain property. 
  • Within 30 days of completing a feasibility study in respect of the West Jerome property, Cornerstone will: (a) issue to Copper One 500,000 Cornerstone common shares; (b) pay to Copper One $750,000 in cash or shares at Copper One’s option; and (c) grant to Copper One a 0.5% net smelter return royalty capped at $4,000,000, which may be repurchased by Cornerstone for $800,000 in cash or shares at Copper One’s option at any time up until the earlier of eight years following the date of the Agreement and the date on which commercial production is achieved in respect of the West Jerome property.
  • Within 30 days of completing a feasibility study in respect of any of the other properties, Cornerstone will: (a) issue to Copper One 350,000 Cornerstone common shares; (b) pay to Copper One $375,000 in cash or shares at Copper One’s option; and (c) grant to Copper One a 0.5% net smelter return royalty capped at $3,000,000, which may be repurchased by Cornerstone for $350,000 in cash or shares at Copper One’s option at any time up until the earlier of eight years following the date of the Agreement and the date on which commercial production is achieved in respect of such property.

750,000 of the 2,250,000 Cornerstone shares issued to Copper One on the closing date of the sale will be subject to a voluntary 12-month hold period.

The Agreement remains subject to certain customary closing conditions.

Courtney Shearer, interim-CEO remarked, “We will now have a predominantly copper-focused company.  The geographic and strategic clustering of the properties  will provide technical and logistical efficiencies to explore and develop these projects.” 

About Cornerstone Metals

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.

On Behalf of Cornerstone Metals Inc.

Courtney Shearer, interim-CEO and President

For more information about Cornerstone Metals Inc., please visit:  www.cornerstonemetals.ca

FOR MORE INFORMATION, PLEASE CONTACT:

Courtney Shearer, interim-CEO and President

This email address is being protected from spambots. You need JavaScript enabled to view it. or (403)804-8636

FORWARD LOOKING STATEMENTS: This document includes forward-looking statements as well as historical information. Forward-looking statements include, but are not limited to, statements with respect to the Company’s exploration and development prospects. When used in this document, the words "anticipate", "believe", "estimate", "expect", "intent", "may", "project", "plan", "should" and similar expressions may identify forward-looking statements. Although Cornerstone Metals Inc. believes that its expectations reflected in these forward looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statement. Important factors that could cause actual results to differ from these forward-looking statements include the potential that fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the ability to obtain financing and other risks disclosed in the Company’s filings made with Canadian Securities Regulators. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.

Neither the 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.

May 24, 2013 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSXV – CCC) (“Cornerstone” or the “Company”) announces that the temporary suspension of trading of the Company’s shares, as required by the TSX Venture Exchange (TSXV) pending receipt and review by the TSXV of acceptable documentation in connection with the Company’s proposed acquisition of Copper One USA Inc. (“CO USA”), has been lifted.  The Company has now completed a satisfactory due diligence investigation and is working on finalizing a Share Exchange Agreement with Copper One Inc. (TSXV: CUO) (the “Vendor”) to acquire all of the shares of CO USA, Copper One Inc.’s U.S., wholly-owned subsidiary.  CO USA holds the mineral rights to 6 copper properties located in New Mexico and Arizona, with the principal property being Lone Mountain, New Mexico.

Pursuant to the terms of the LOI relating to this transaction, as amended (see news releases of March 21, 2013 and May 15, 2013), on closing the Company will acquire all of the issued and outstanding CO USA shares in consideration for the issuance to the Vendor of a total of 2,250,000 Cornerstone shares (750,000 shares of which are in recognition of the existing financial assurances that are in place totalling approximately US$250,000).

Additional consideration is tied to specific properties as follows (all future share issuances being subject to further TSXV approval at the time of issue): 

 

(i)             Lone Mountain– New Mexico:  

Within 30 days of a Definitive Feasibility Study, the Company will:
(a)   issue 2,000,000 shares;
(b)  pay $1,000,000 in cash or shares (at the Vendor’s discretion); and
(c)   grant to the vendor a 0.5% NSR capped at $5,000,000, which may be repurchased for $1,000,000, payable in cash or shares (at the Vendor’s discretion)

 

(ii)           Jerome – Arizona: 

Within 30 days of a Definitive Feasibility Study, the Company will:
(a)   issue 500,000 shares;
(b)  pay $750,000 in cash or shares (at the Vendor’s discretion); and
(c)   grant to the vendor a 0.5% NSR capped at $4,000,000, which may be repurchased for $800,000, payable in cash or shares (at the Vendor’s discretion)

 

(iii)          Additional Properties – Arizona and New Mexico: 

Within 30 days of a Definitive Feasibility Study, the Company will:
(a)   issue 350,000 shares;
(b)  pay $375,000 in cash or shares (at the Vendor’s discretion); and
(c)   grant to the vendor a 0.5% NSR capped at $3,000,000, which may be repurchased for $350,000, payable in cash or shares (at the Vendor’s discretion)


The Company paid the Vendor an exclusivity fee of $10,000 on execution of the LOI.  The Company also agreed to pay the costs of updating the current NI43-101 report on the Lone Mountain property and a property payment owing on the Lone Mountain property of US$55,000 (which payment was made May 3, 2013).

Cornerstone re-negotiated exploration license and purchase option agreements for CO USA with the two surface landholders at Lone Mountain that provide surface exploration access and the option to purchase the surface rights to the lands in the future.

This transaction will be subject to standard closing conditions for a transaction of this nature, including but not limited to board and regulatory approvals.

Lone Mountain will become Cornerstone’s principal project in the United States. Located near Silver City, New Mexico, the Lone Mountain property is situated in a well-known mining district, 11 km southwest of the Santa Rita-Chino mine and 16 km northeast of the Tyrone mine; both of these mines are large open-pit copper operations owned by Freeport-McMoRan and both currently produce copper using the SX-EW technology.

Land holdings on the Lone Mountain property consist of two New Mexico State mineral leases and 40 unpatented federal mining claims, comprising 619.17 hectares (1,530 acres). Cornerstone will have an undivided 100% interest in the claims and leases.  The Company will retain, through CO USA, State issued Part 4 exploration level permits for up to 176 drill sites and 3 holes per site for a total of 528 drill holes.

The Lone Mountain property covers a large tonnage porphyry copper system with some 25,500 metres of historic drilling in 56 drill holes.  It represents a broadly-explored, (drill hole spacing was approximately 250 metres) well-mineralized, porphyry-skarn system with multiple, stacked mineralized targets.  Three distinct targets are present; a near-surface zone of copper oxide mineralization, underlain by a mixed copper oxide-chalcocite zone and finally a lower copper-zinc skarn zone.  Copper oxide mineralization begins approximately 60 metres below surface and continues to over 250 meters below surface.  The combined copper oxide and mixed oxide-chalcocite zone grades from 0.2% to 0.37% copper over significant widths.  The copper oxide and mixed oxide-chalcocite zones will be the primary interest of Cornerstone, with the aim to in-fill and justify a NI43-101 resource as quickly as possible.

 

The mining target is open in three directions.  Drilling in 2012 by Copper One intersected 135 meters of 0.36% copper on a portion of the property that had never been tested and extended the known mineralization to the south.

The West Jerome property, near Jerome, Arizona, will be Cornerstone’s second priority, consisting of approximately five square kilometers of claims 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 TEM geophysical targets.

The Mimbres Property consists of 45 unpatented lode claims and 2,040 acres of New Mexico State Mining Leases over a porphyry copper-molybdenum deposit and higher-grade copper-zinc-gold-silver-bearing skarns.  It has a large airborne magnetic signature similar in size and magnitude to the neighboring Chino copper mine operated by Freeport McMoRan, 8 km away.

The Twin Peaks property near Wickenburg, Arizona is a partially drilled, copper oxide deposit that has excellent infrastructure and potential for a large open-pit copper oxide body with very low strip ratio.  A surface area measuring 750 metres by 520 metres exhibits veins, veinlets, and stockworks of chrysocolla and secondary malachite, tenorite, and cuprite and chalcocite hosted by a pyrite-poor Laramide-age quartz monzonite.

According to the US Geological Survey, the Safford District is the biggest undeveloped copper district in the world with multiple world-class porphyry copper deposits.  The district is dominated by Freeport McMoRan mining operations.  The West Safford and Teague Springs properties are two well-positioned projects in the district.

The West Safford property is 11 km west from the producing Dos Pobres mine.  It consists of approximately 2,860 acres of claims, and a 640-acre Arizona State Mineral Exploration lease.  The target at West Safford is a large tonnage "Resolution-type" porphyry copper target, buried beneath younger alluvium, in the Safford Mining District.

The Teague Springs property consists of 1,920 acres of claims located further west of Dos Pobres.  The target area is a large tonnage, buried Laramide porphyry copper-molybdenum-silver-gold system associated with a large, untested IP anomaly and a Mo-Cu-Zn biogeochemical anomaly.

Courtney Shearer, interim-CEO remarked, “We are very pleased to have completed satisfactory due diligence and we look forward to finalizing and signing the Share Exchange Agreement with the Vendor and proceeding to close the transaction.  CO USA now has the revised agreements with the surface landholders that provide long term access to explore the claims at Lone Mountain and the ability to buy the surface rights to the lands in the future.  With the exploration permits from New Mexico regulators, CO USA has the ability to drill up to 528 holes, which will fully explore the potential of this project.  Cornerstone will be evaluating and prioritizing our exploration strategy on all the projects as soon as we can and look to move forward on work at Lone Mountain, NM when the Share Exchange Agreement is finalized and the transaction closes.”

About Cornerstone Metals Inc.

Cornerstone currently owns 100% (subject to 1.5% NSR) of the 12,066 hectare Spences Bridge Gold Project near Merritt, BC.  The Spences Bridge project is an exploration project focused on gold in the Spences Bridge Gold Belt.

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.

ON BEHALF OF CORNERSTONE METALS INC.
per:

Courtney Shearer
Interim CEO & President

For further information, please contact:

Courtney Shearer
Tel:  403-804-8636
Fax:  888-255-9604
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., 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.

May 14, 2013 - Vancouver, British Columbia –Cornerstone Metals Inc. (TSX-V – CCC) (“Cornerstone” or the “Company”) announces that further to its news release of March 21, 2013, it has signed amendments to its letter of intent (“LOI”) to acquire all of the shares of Copper One USA, Inc., pursuant to which:

- the Company agreed to issue to the vendor an additional 750,000 shares on closing in recognition of the existing financial assurances that are in place (totalling approximately US$250,000); and

- the date for paying the US$55,000 Lone Mountain property payment was extended from April 1, 2013 to May 15, 2013. The Company has made this payment.

The SW US copper projects are comprised of six separate properties in New Mexico and Arizona with the principal property being the Lone Mountain project in New Mexico.

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.

ON BEHALF OF CORNERSTONE METALS INC.

“Courtney Shearer”
Interim CEO & President

For further information, please contact:

Courtney Shearer
Tel: 403-804-8636
Fax: 888-255-9604
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.

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 doe snot 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.

March 21, 2013 - Vancouver, British Columbia –Cornerstone Metals Inc. (TSX-V – CCC) (“Cornerstone” or the “Company”) is pleased to announce that it has signed a letter of intent (“LOI”) to acquire all of the shares of Copper One USA Inc. (“CO USA”), a private company that holds 6 copper properties located in New Mexico and Arizona, with the principal property being Lone Mountain, NM. The LOI is subject to due diligence, which the Company will commence immediately, while it proceeds to finalize a definitive agreement to be executed upon completion of successful due diligence.

Pursuant to the terms of the LOI, the Company has agreed to issue to Copper One Inc. (TSX-V –CUO) (vendor) 1,500,000 shares on closing of the transaction. Additional consideration is tied to specific properties as follows:

(i) Lone Mountain, New Mexico: Within 30 days of a Definitive Feasibility Study, the Company will:

(a) issue 2,000,000 shares;
(b) pay $1,000,000 in cash or shares (at the vendor’s discretion); and
(c) grant to the vendor a 0.5% NSR capped at $5,000,000, which may be repurchased for $1,000,000, payable in cash or shares (at the vendor’s discretion)

(ii) West Jerome, Arizona: Within 30 days of a Definitive Feasibility Study, the Company will:

(a) issue 500,000 shares;
(b) pay $750,000 in cash or shares (at the vendor’s discretion); and
(c) grant to the vendor a 0.5% NSR capped at $4,000,000, which may be repurchased for $800,000, payable in cash or shares (at the vendor’s discretion)

(iii) Remaining 4 Arizona and New Mexico Properties: Within 30 days of a Definitive Feasibility Study, the Company will:

(a) issue 350,000 shares;
(b) pay $375,000 in cash or shares (at the vendor’s discretion); and
(c) grant to the vendor a 0.5% NSR capped at $3,000,000, which may be repurchased for $350,000, payable in cash or shares (at the vendor’s discretion)

The Company paid the vendor an exclusivity fee of $10,000 on execution of the LOI. The Company also agreed to pay the costs of updating the current NI43-101 report on the Lone Mountain property and, assuming successful due diligence results, on or before April 1, 2013, the Company will fund a property payment owing on the Lone Mountain property of $55,000.

The Twin Peaks property near Wickenburg, Arizona is a partially drilled, copper oxide deposit that has excellent infrastructure and potential for a large open-pit copper oxide body with very low strip ratio. A surface area measuring 750 metres by 520 metres exhibits veins, veinlets, and stockworks of chrysocolla and secondary malachite, tenorite, and cuprite and chalcocite hosted by a pyrite-poor Laramide-age quartz monzonite.

According to the US Geological Survey, the Safford District is the biggest undeveloped copper district in the world with multiple world-class porphyry copper deposits. The district is dominated by Freeport McMoRan mining operations. The West Safford and Teague Springs properties are two well-positioned projects in the district.

The West Safford property is 11km west from the producing Dos Pobres mine. It consists of approximately 2,860 acres of claims, and a 640-acre Arizona State Mineral Exploration lease. The target at West Safford is a large tonnage "Resolution-type" porphyry copper target, buried beneath younger alluvium, in the Safford Mining District.

The Teague Springs property consists of 1,920 acres of claims located further west of Dos Pobres. The target area is a large tonnage, buried Laramide porphyry copper-molybdenum-silver-gold system associated with a large, untested IP anomaly and a Mo-Cu-Zn biogeochemical anomaly.

Courtney Shearer, interim-CEO remarked, “We are very pleased to have the ability to acquire a regional group of copper projects in this portfolio. We will now have a predominantly copper-focused company and the clustering of these projects geographically and strategically will provide technical and logistical efficiencies to explore and develop these projects using our core competencies.”

About Cornerstone Metals Inc.

Cornerstone owns 100% (subject to 1.5% NSR) of the 12,066 hectare Spences Bridge Gold Project near Merritt, BC. The Spences Bridge project is an exploration project focused on gold in the Spences Bridge Gold Belt.

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.

This transaction will be subject to standard closing conditions for a transaction of this nature, including but not limited to board and regulatory approvals, as well as shareholder approvals, if required.

The Lone Mountain property will become Cornerstone’s principal copper project in the United States. Located near Silver City, New Mexico, the Lone Mountain property is situated in a well-known mining district, 11 km southwest of the Santa Rita-Chino mine and 16 km northeast of the Tyrone mine; both of these mines are large open-pit copper operations owned by Freeport-McMoRan and both currently produce copper using the SX-EW technology.

Land holdings on the Lone Mountain property consist of two New Mexico State mineral leases and 40 unpatented federal mining claims, comprising 619.17 hectares (1,530 acres). Cornerstone will have an undivided 100% interest in the claims and leases. The Company will retain, through Copper One USA Inc, a State issued Level 4 exploration level permit for up to 176 drill sites and 3 holes per site.

The Lone Mountain property covers a large tonnage porphyry copper system with some 25,500 metres of historic drilling in 56 drill holes. It represents a broadly-explored, (drill hole spacing was approximately 250 metres) well-mineralized, porphyry-skarn system with multiple, stacked mineralized targets. Three distinct targets are present; a near-surface zone of copper oxide mineralization, underlain by a mixed copper oxide-chalcocite zone and finally a lower copper-zinc skarn zone. Copper oxide mineralization begins approximately 60 metres below surface and continues to over 250 meters below surface. The copper oxide and mixed oxide-chalcocite zones will be the primary focus for Cornerstone, with the aim to in-fill and justify an NI43-101 resource as quickly as possible.

The mineralization is open in three directions. Drilling in 2011 by Copper One intersected 135 meters of 0.36% copper on a portion of the property that had never been tested and extended the known western zone mineralization to the south, tripling its length.

The West Jerome property, near Jerome, Arizona, will be Cornerstone’s second priority, consisting of approximately five square kilometers of claims 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 TEM geophysical targets.

The Mimbres property consists of 45 unpatented lode claims and 2,040 acres of New Mexico State Mining Leases over a potential porphyry copper-molybdenum deposit and higher-grade copper-zinc-gold-silver-bearing skarns. It has a large airborne magnetic signature similar in size and magnitude to the neighboring Chino copper mine operated by Freeport McMoRan, 8 kilometres away.

ON BEHALF OF CORNERSTONE METALS INC.

per:

“Courtney Shearer”
Interim CEO & President

For further information, please contact:

Courtney Shearer
Tel: 403-804-8636
Fax: 888-255-9604
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., 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 doe snot 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.

Cornerstone Metals Inc. (TSX.V – CCC) (the “Company”), announces that it has re-priced 187,000 outstanding incentive stock options of the Company from exercise prices ranging between $0.70 and $1.50 to $0.12. The options are held by insiders and expire from dates ranging from November 14, 2013 to March 22, 2015. The options are held as follows:

Name Number of Options
Paul S. Cowley 70,000
Robert G.McMorran (Malaspina Consultants.) 47,000
Frederick J. Sveinson 70,000

 

The Company sought and received disinterested shareholder approval at the annual general meeting held on July 19, 2011. The re-pricing is subject to approval of the TSX Venture Exchange.

On Behalf of the Board of Directors,

Courtney Shearer
Interim President and CEO

(403)804-8636 phone, (888)255-9404 fax or 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 the policies ofthe TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Vancouver, BC.  December 4, 2012 – Cornerstone Metals Inc. (the “Company”) (TSXV:  CCC) is pleased to announce that, further to its news releases of October 15, 2012, October 26, 2012, and November 20, 2012, it has closed the second tranche of a non-brokered private placement offering (the “Private Placement”) and issued 880,000 units (“Units”) of the Company at a purchase price of $0.125 per Unit for gross proceeds of $110,000.  Each Unit consists of one (1) common share in the capital of the Company (“Common Share”) and one (1) Common Share purchase warrant of the Company (“Warrant”).  Each Warrant entitles the holder to purchase one (1) Common Share at a purchase price of $0.20 per Common Share exercisable on or before June 3, 2014.  The Company has also issued 70,400 share purchase warrants (the “Finder’s Warrants”), and paid the sum of $8,800 as a finder’s fee to one person in connection with the Offering.  The Units, and any securities issued upon the exercise of the warrants and the Finder’s Warrants, are subject to a hold period expiring at midnight on April 3, 2013.

The Company intends to use the proceeds of the Private Placement for general working capital.

About the Company
Cornerstone Metals Inc. owns 100% (subject to 1.5% NSR’s) of the 12,066 hectare Spences Bridge Gold Project near Merritt, BC.  The Spences Bridge project is an exploration project focused on gold in the Spences Bridge Gold Belt.

Cornerstone is also seeking advanced stage exploration projects or development/production stage projects in precious metals or copper in the Americas.  The Company has a core competence of taking exploration - staged projects to production.  Management and board expertise includes exploration, permitting, development and production of open pit and underground hard rock mines.

On Behalf of the Company

Courtney Shearer – interim – CEO and President

(403)804-8636 phone,  (888)255-9404 fax or 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 the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements
This press release contains forward-looking statements.  All statements, other than statements of historical fact, constitute “forward-looking statements” and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company’s use of proceeds of the Private Placement, strategy, or future financial or operating performance and other statements that express management’s expectations or estimates of future performance.
Forward-looking statements are generally identifiable by the use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology.  All such forward-looking information and statements are based on certain assumptions and analyses made by the Company’s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances.  These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forward-looking information or statements.  Important factors that could cause actual results to differ from these forward-looking statements include but are not limited to: risks related to the exploration and potential development of the Company’s projects, risks related to international operations, the actual results of exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, as well as those factors discussed in the sections relating to risk factors of the Company set out in the Company’s MD&A filed on SEDAR.
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, the reader should not place any undue reliance on forward-looking information or statements.  Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.

Vancouver, BC – Cornerstone Metals Inc. the “Corporation”)(TSX V:  CCC) is pleased to announce that further to its press releases dated October 15, 2012 and October 25, 2012, it has completed the first tranche of its non-brokered private placement (the “Private Placement”).

Pursuant to the first tranche of the Private Placement, the Corporation issued 897,000 units (“Units”) of the Corporation at a purchase price of $0.125 per Unit for gross proceeds of $112,125.  Each Unit consists of one (1) common share in the capital of the Corporation (“Common Share”) and one (1) Common Share purchase warrant of the Corporation (“Warrant”).  Each Warrant entitles the holder to purchase one (1) Common Share at a purchase price of $0.20 per Common Share exercisable on or before May 19, 2014.  The Common Shares and any securities issued upon the exercise of the Warrants are subject to a hold period which expires on March 20, 2013.

The second tranche will be up to 1,103,000 Units for a total offering of up to 2,000,000 Units.  The second tranche is anticipated to close on or around November 26, 2012.  Finder’s Fees may be paid in connection with the second tranche. The second tranche of the Private Placement is subject to final approval by the TSX Venture Exchange (the “Exchange”).

The Corporation intends to use the net proceeds of the entire Private Placement for general working capital.

About Cornerstone Metals

The Corporation is a mining exploration company headquartered in Canada.  It owns the Dora Gold Project near Merritt, British Columbia and is seeking advanced-stage exploration projects, early stage development/ production projects or old mines to rehabilitate and put back in to production.  It is pursuing precious metals or polymetallic deposits or mines in the Americas.  Management/board experience includes exploration, permitting, development and production of open pit and underground hard rock mines.

On Behalf of the Corporation

Courtney Shearer – interim – CEO and President

(403)804-8636 phone; (888)255-9404 fax or 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 the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements
This press release contains forward-looking statements.  All statements, other than statements of historical fact, constitute “forward-looking statements” and include any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation’s strategy, planned drill program or future financial or operating performance and other statements that express management’s expectations or estimates of future performance.
Forward-looking statements are generally identifiable by the use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology.  All such forward-looking information and statements are based on certain assumptions and analyses made by the Corporation’s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances.  These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Corporation to be materially different from those expressed, implied by or projected in the forward-looking information or statements.  Important factors that could cause actual results to differ from these forward-looking statements include but are not limited to: risks related to the exploration and potential development of the Corporation’s projects, risks related to international operations, the actual results of exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, as well as those factors discussed in the sections relating to risk factors of the Corporation set out in the Corporation’s MD&A filed on SEDAR.
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, the reader should not place any undue reliance on forward-looking information or statements.  Except as required by law, the Corporation does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.

 

Cornerstone Metals Amends Private Placement to Increase Units Offered to 2,000,000 Units Vancouver, BC. October 26, 2012 – Cornerstone Metals Inc. (“Cornerstone” or the “Company”) (TSXV: CCC) announces it has amended a private placement previously announced on October 15, 2012 to increase the number of units offered to up to 2,000,000 units, priced at $0.125 per unit, for total gross proceeds of up to $250,000, subject to TSX Venture Exchange approval. Commissions may be paid in accordance with TSX Venture Exchange policies.

Each unit will be comprised of one common share and one warrant, with each warrant exercisable at $0.20 per share any time within an 18-month period from the closing date of the Private Placement.

The Company expects to use the proceeds of the Private Placement for general working capital.

The securities issued pursuant to the Private Placement will be subject to a four month hold period from the closing date.

About the Company

Cornerstone Metals Inc. owns 100% (subject to 1.5% NSR’s) of the 12,066 hectare Spences Bridge Gold Project near Merritt, BC. The Spences Bridge project is an exploration project focused on gold in the Spences Bridge Gold Belt.

Cornerstone is also seeking advanced stage exploration projects or evelopment/production stage project in precious metals or copper in the Americas. The Company has a core competence of taking exploration -staged projects to production. Management/board expertise includes exploration, permitting, development and production of open pit and underground hard rock mines.

On Behalf of the Company

Courtney Shearer – interim – CEO and President

(403)804-8636 phone, (888)255-9404 fax or 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 the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release contains forward-looking statements. All statements, other than statements of historical fact, constitute “forward-looking statements” and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company’s use of proceeds of the Private Placement, strategy, or future financial or operating performance and other statements that express management’s expectations or estimates of future performance. Forward-looking statements are generally identifiable by the use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology.  All such forward-looking information and statements are based on certain assumptions and analyses made by the Company’s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. 
These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forward-looking information or statements.  Important factors that could cause actual results to differ from these forward-looking statements include but are not limited to: risks related to the exploration and potential development of the Company’s projects, risks related to international operations, the actual results of exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, as well as those factors discussed in the sections relating to risk factors of the Company set out in the Company’s MD&A filed on SEDAR.
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, the reader should not place any undue reliance on forward-looking information or statements.  Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.

 

Vancouver, BC. October 15, 2012 – Cornerstone Metals Inc. (“Cornerstone” or the “Company”) (TSXV: CCC) announces it has arranged a non-brokered private placement (the “Private Placement”) of up to 1,000,000 units priced at $0.125 per unit, for total gross proceeds of up to $125,000. Each unit will be comprised of one common share and one warrant, with each warrant exercisable into one additional common share at a price of $0.20 per share at any time within an 18-month period from the closing date of the Private Placement.
The Company expects to use the proceeds of the Private Placement for general working capital.
The securities issued pursuant to the Private Placement will be subject to a four month hold period from the closing date.
The Private Placement is subject to approval by the TSX Venture Exchange.

About the Company

Cornerstone owns 100% (subject to 1.5% NSR’s) of the 12,066 hectare Spences Bridge Gold Project near Merritt, BC. The project is an exploration project focused on gold in the Spences Bridge Gold Belt.
Cornerstone is also seeking advanced stage exploration projects or development/production stage project in precious metals or copper in the Americas. The Company has a core competence of taking exploration -staged projects to production. Management/board expertise includes exploration, permitting, development and production of open pit and underground hard rock mines.

On Behalf of the Company

Courtney Shearer – interim – CEO and President

(403)804-8636 phone, (888)255-9404 fax or 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 the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements
This press release contains forward-looking statements. All statements, other than statements of historical fact, constitute “forward-looking statements” and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company’s use of proceeds of the Private Placement, strategy, or future financial or operating performance and other statements that express management’s expectations or estimates of future performance. Forward-looking statements are generally identifiable by the use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. All such forward-looking information and statements are based on certain assumptions and analyses made by the Company’s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forwardlooking information or statements. Important factors that could cause actual results to differ from these forwardlooking statements include but are not limited to: risks related to the exploration and potential development of the Company’s projects, risks related to international operations, the actual results of exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, as well as those factors discussed in the sections relating to risk factors of the Company set out in the Company’s MD&A filed on SEDAR. 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, the reader should not place any undue reliance on forward-looking information or statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.

 

Vancouver, BC. Cornerstone Metals Inc. (TSXV: CCC) (the “Company”) is pleased to announce the appointment of Jason Nickel, P.Eng. to the Board of Directors of the Company. Mr. Nickel replaces Mr. Willis Osborne who has resigned his Board position. The Company wishes to thank Bill Osborne for his contribution to the Company.

Mr. Nickel has been involved in advancing several mining projects in BC, Yukon and NWT. He is currently VP of Operations at ROCK Construction and Mining Inc., a mining contractor based in Kamloops, BC, focused on drilling and blasting services across Canada. Previously, Mr. Nickel was VP Mining for New Pacific Metals, responsible for advancing the Tagish Lake Gold Project in the Yukon. Prior to that he was Mine Manager of Capstone Mining Corp.’s Minto Mine. He also worked as a Senior Mining Engineer at De Beers Canada's Snap Lake Diamond Mine and as a Mining Engineer at the Highland Valley Copper Mine.

Courtney Shearer, interim CEO of Cornerstone stated, “ Jason Nickel brings additional mining and operations skills to our board, which we expect will further enhance our ability to evaluate, acquire and develop more advanced stage mining projects.”

The Company also announces the grant of 750,000 stock options to directors, officers and consultants pursuant to the terms of the Company’s stock option plan. The options are exercisable at a price of $0.12 per share, for a period of 5 years from the date of grant.


Courtney Shearer, Interim CEO and President
For further information please contact:
(403)804-8636

 

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

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 Statements
This press release contains forward-looking statements. All statements, other than statements of historical fact, constitute “forward-looking statements” and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company’s strategy, plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance.
Forward-looking statements are generally identifiable by the use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. All such forward-looking information and statements are based on certain assumptions and analyses made by the Company’s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forwardlooking information or statements. Important factors that could cause actual results to differ from these forwardlooking statements include but are not limited to: risks related to the exploration and potential development of the Company’s projects, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, as well as those factors discussed in the sections relating to risk factors of the Company set out in the Company’s MD&A filed on SEDAR.
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, the reader should not place any undue reliance on forward-looking information or statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.

 

Vancouver, B.C. - December 22, 2011. Appleton Exploration Inc. ("the Company") (TSXV: AEX) announces the appointment of Courtney Shearer, B.Sc., MBA as interim CEO, interim President, and director effective immediately.  Mr. Shearer replaces Mr. Tim Henneberry, who has resigned as CEO, President, and director.  The Company wishes to thank Mr. Henneberry for his services to the Company for the past five years.

Over a career spanning 31 years, Mr. Shearer has been involved in natural resources businesses, primarily in various capacities in the mining sector.  He has been President, CFO, Corporate Secretary and director for several public, exploration and mining companies since 2000.  He was a director of San Gold Corporation 2005 to 2010 while that company grew from an exploration company to a producing, junior mining company.

Mr. Fred Sveinson, director, said, "The current objective for the Company is to find new exploration or development-stage projects to grow the Company.  We look forward to exciting developments in 2012."

On behalf of the Board of Directors

Frederick J. Sveinson, Director

For further information, please contact:

 

Fred Sveinson (604) 230-1070

 


Neither the TSX Venture Exchange nor its Regulations 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.

 

September  26, 2011 - Vancouver, British Columbia.    Appleton Exploration Inc. (TSX-V: AEX) (the "Company") announces that it has entered into an assignment agreement with Northrock Resources Inc. for the Manalo gold project in the Republic of Mali, West Africa. Appleton has agreed to assign its interest in Manalo to Northrock for US$250,000 and 1,000,000 shares of Northrock Resources Inc., subject to approval of the TSX Venture Exchange.

Appleton continues to aggressively pursue additional opportunities.

In an unrelated matter, the Company has granted 200,000 stock options to a director of the Company. The options, which are subject to the terms and conditions of the Company's stock option plan, are exercisable prior to September 26, 2016, at an exercise price of $0.10 per share.

On Behalf of the Board of Directors,

"R. Tim Henneberry"

R.Tim Henneberry, P.Geo.

President and CEO

 

For further information, please contact:

 

Tim Henneberry:  (604) 694-0741

 


 

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

June 29, 2011 - Vancouver, British Columbia.  Appleton Exploration Inc. (the "Company") (AEX - TSX.V) announces that at its annual general meeting of shareholders scheduled to be held on Tuesday, July 19, 2011 (the "Meeting"), the Company will be seeking shareholder approval for a resolution authorizing the board of directors, at their discretion, to consolidate the Company's common shares on a basis up to 5 pre?consolidation shares to 1 post consolidation share, the final ratio to also be determined by the directors.  The board of directors believes that it may be in the best interests of the Company to consolidate its share capital in order to provide increased flexibility in seeking additional financing opportunities, pursuing strategic business acquisitions, and to improve the market's perception of the Company.  The directors also believe it is in the best interests of the Company for the board to have the flexibility in effecting such a consolidation on the basis of up to five (5) pre?consolidation for one (1) post?consolidation common share.  Completion of the consolidation is subject to the approval of the Company's shareholders by ordinary resolution at the Meeting as well as approval of the TSX Venture Exchange.  There is currently an aggregate of 49,357,671 common shares issued and outstanding.  It is expected, that upon completion of a 5 for 1 consolidation, there would be an aggregate of approximately 9,871,534 common shares issued and outstanding.  If a consolidation is ultimately implemented, the Company will not be changing its name. 

On Behalf of the Board of Directors,

"R. Tim Henneberry"

R.Tim Henneberry, P.Geo.

President and CEO 

For further information, please contact:

 

Tim Henneberry:  (604) 694-0741

 

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

Forward-Looking Statements 

This press release contains forward-looking statements.  All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance. 

Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology.  All such forward-looking information and statements are based on certain assumptions and analyses made by the Company's management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances.  These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual activity, of the Company to be materially different from those expressed, implied by or projected in the forward-looking information or statements.  Important factors that could cause actual results to differ from these forward-looking statements include but are not limited to: risks related to the potential development of the Company's projects, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in plans as they continue to be refined, future prices of gold, as well as various other factors discussed in the sections relating to risk factors of the Company set out in the Company's MD& A filed on SED AR. 

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, the reader should not place any undue reliance on forward-looking information or statements.  Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.

May 5, 2011 - Vancouver, British Columbia.  Appleton Exploration Inc. (AEX - TSX.V) reports that pursuant to an agreement dated February 20, 2009, whereby the Company may acquire up to a 100% interest in the Manalo Gold Project in Mali, the Company has issued 500,000 units to Delta Exploration Inc., being the second anniversary option payment.  Each unit is comprised of one common share and one share purchase warrant entitling the holder to acquire one additional common share of Appleton at an exercise price of $0.14 per share on or before March 18, 2013.  The securities are subject to a four month hold until July 19, 2011.  

On Behalf of the Board of Directors,

"R. Tim Henneberry"

R.Tim Henneberry, P.Geo.

President and CEO 

For further information, please contact:

For Investor Relations Information contact:

Tim Henneberry:  (604) 694-0741

Contact Financial Corp.

604.689.7422 Toll Free 1.877.689.7411

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

 



 

January 24, 2011 Vancouver, British Columbia. Appleton Exploration Inc. (AEX - TSX.V) is pleased to provide a summary of the 2010 drill programs completed on the Manalo Gold Project, Mali, West Africa. Appleton completed two drill programs in 2010; the 8,071 metre March program at Dialafara and the 4,372 metre May program at Sirabada and Mansaya. The Company's ultimate goal in the area is to establish a mineable gold mineral deposit or deposits.

A total of seven known gold zones occur on the 15,000 hectare Manalo property. In addition, a totally new area of gold mineralization is being worked by orpailleurs or local miners, where up to 400 have been searching for and recovering gold.


Dialafara Summary

Drilling at Dialafara concentrated in two areas; the Northern Segment and the Southern Segment. A total of 37 reverse circulation drill holes totaling 4,300 metres and 67 air core reverse circulation drill holes totaling 3,771 metres were completed at Dialafara.

The Northern Segment is a 700 metre long zone of mineralization, centred on a zone of artisanal workings, and currently open to the northwest. The Northern Segment appears to consist of multiple sub parallel zones across a 55 metre wide northwest trend. Drilling to date has returned several intervals between 0.30 grams per tonne (gpt) Au to 2.5 gpt Au over widths from 7 to 16 metres. In the past, the drilling has identified higher grade intercepts within the Northern Segment, including 640 gpt Au over 3 metres, 15.64 gpt Au over 16 metres and 35.67 gpt Au over 7 metres.

The Southern Segment is a 900 metre long zone of mineralization containing three areas of artisanal workings. The Southern Segment consists of a dominant northwest trending mineralized zone with multiple subsidiary northeast trending zones. Drilling to date has returned several long, continuously mineralized intervals within a 450 metre long by 120 metre deep segment. Drilling has returned several intervals between 0.30 gpt Au to 6.27 gpt Au over widths from 5 to 61 metres, including 1.45 gpt Au over 61 metres, 1.62 gpt Au over 61 metres and 6.27 gpt Au over 25 metres. In the past, the drilling has identified higher grade intercepts within the Southern Segment, including 29.07 gpt Au over 6 metres and 9.57 gpt Au over 9 metres.

Table 1. Highlights of 2010 Dialafara Drill Program

Drill Hole
Zone
From (m)
To (m)
Length (m)
Fire Assays Au g/t
Screen Metallic Assays Au g/t
MDL-10-074
Dialafara South
70
84
14
0.2
0.33
and
108
116
8
0.32
0.47
MDL-10-076
Dialafara South
33
39
6
0.28
0.54
and
69
70
1
1.81
5.43
MDL-10-079
Dialafara North
114
124
10
6.54
2.32
including
118
124
6
10.75
3.82
including
119
120
1
50.8
13.90
MDL-10-081
Dialafara North
62
69
7
0.43
0.17
MDL-10-082
Dialafara North
50
57
7
0.65
0.61
MDL-10-084
Dialafara North
97
100
3
0.94
0.88
MDL-10-086
Dialafara South
47
108
61
1.62
0.95
including
47
65
18
0.65
0.73
including
65
77
12
0.17
0.11
including
77
108
31
2.79
1.43
including
102
108
6
12.93
4.73
including
106
107
1
57.3
2.29
MDL-10-088
Dialafara South
0
12
12

 

0.32
Dialafara South
93
120
27

 

1.50
MDL-10-089
Dialafara South
0
9
9

 

0.35
and
64
77
13

 

0.97
and
86
102
16

 

0.29
MDL-10-091
Dialafara South
0
8
8

 

2.97
MDL-10-093
Dialafara South
78
81
3

 

2.24
and
99
101
2

 

2.22
MDL-10-096
Dialafara South
96
120
24

 

0.22
MDL-10-097
Dialafara South
50
67
17

 

0.60
and
94
97
3

 

26.88
including
94
95
1

 

78.00
MDL-10-098
Dialafara South
95
108
13

 

0.30
MDL-10-099
Dialafara South
24
85
61

 

1.45
MDL-10-100
Dialafara South
77
78
1
3.17
MDL-10-102
Dialafara South
49
59
10
0.75

including
49
53
4
1.45
MDL-10-103
Dialafara South
86
87
1
2.83

and
91
92
1
0.47
MDL-10-104
Dialafara South
23
24
1
0.32
and
44
47
3
1.00
and
58
62
4
0.20
and
103
105
2
0.79
MDL-10-108
Dialafara South
46
47
1
47.40
and
70
72
2
4.01
MDL-10-109
Dialafara South
50
51
1
0.70
MDL-10-110
Dialafara South
3
5
2
0.63
and
82
90
8
0.67
and
108
118
10
3.68

Sirabada Summary

Drilling in 2010 at Sirabada consisted of 5 air core reverse circulation drill holes totaling 485 metres testing the main structure and 34 air core drill holes totaling 2,103 metres in three drill fences crossing the broad gold soil anomaly west of the main structure.

The Sirabada main structure is an intensely altered and bleached northwest-trending clay-quartz zone. The zone is marked by an extensive area of artisanal mine workings within a broad 2500 metre by 200 to 600 metre gold-in-soil anomaly. Drilling to date across the main structure has located only scattered areas of anomalous gold, including a best value of 5.60 gpt Au over 1 metre.

The subparallel Hilltop structure was identified from aircore drilling approximately 200 metres west of the main structure. Drill intersections across the Hilltop zone include: 2.29 gpt Au over 4 metres and 0.88 gpt Au over 10 metres.


Table 2. Highlights of 2010 Hilltop Structure Drill Program

Drill Hole
from (m)
to (m)
length (m)
Au (gpt)
MSAC-10-009
0
10
10
0.88
MSAC-10-019
55
59
4
2.29
MSAC-10-020
6
14
8
0.77
and
24
33
9
0.79

Mansaya Summary

Drilling at Mansaya consisted of 52 air core reverse circulation drill holes totaling 1,784 metres in three drill fences. The program was curtailed by the onset of the rainy season. The drilling tested some of the soil geochemistry anomalies in the southeastern section of the Mansaya anomaly. Nothing of significance was noted in the drilling.


New Artisanal Workings on Manalo

There is a new area of artisanal workings developing on the Manalo property. The workings lie approximately 3.35 kilometres southeast of the Dialafara Zone and 2.8 kilometres west of the Manalo Nord Est Zone. The workings cover an area of approximately 175 metres by 120 metres where up to 400 local miners have been at work. Coarse grained gold was being recovered by the locals. This area represents a completely new area of gold mineralization.

Now that all assay results have been received and in light of the newly discovered artisanal workings, Appleton's technical team is reviewing the data in detail to determine the next phase of exploration on the Manalo project.

Appleton is earning a 100% interest in the Manalo project from Delta Exploration Inc., a wholly-owned subsidiary of Rockgate Capital Corp.


Quality Control and Assurance

The widths and grades reported are drill intercept widths and may not represent the true width of mineralization. Individual gold assays have not been cut but high grade samples have been separately reported in the table above. Samples are reverse circulation cuttings collected using a cyclone in 1 metre intervals that are riffle split at the drill site. Samples are assayed by fire assay (50 gram charge). Zones of quartz veining and limonite were submitted for check assays by the screen metallic method in order identify the presence and significance of coarse gold in samples. The primary laboratory is ALS Chemex in Bamako, an ISO 17025 certified laboratory. Standard, blank and duplicate samples were inserted throughout the sample sequence as quality control checks.


Appointment of Director

The Board of Directors is pleased to announce the appointment of Willis W. Osborne as a director. Mr. Osborne received his B.Sc. in Geology from the University of Minnesota in 1961 and his M.Sc. in Geology from the University of British Columbia in 1966. Since beginning his career as an exploration geologist for Noranda Exploration, he has been active in precious and base metal exploration for over 30 years and has served on the boards of several junior exploration companies. Mr. Osborne acted as President and CEO of Great Quest Metals, a TSX Venture company, until late in 2010. As such, he led the team that established an historical mineral resource on the copper-gold Taseko property in British Columbia. In Mali he assembled a group of geologists that acquired several gold and phosphate concessions in that country. This group also defined a 43-101 compliant mineral resource on the Kenieba gold concession in western Mali.

The Board of Directors also announces the resignation of James Walchuck. Jim departs to concentrate on another company of which he is President and CEO. The Board wishes to thank Jim for his contributions to Appleton since its inception. Jim will remain on the Advisory Board where management can still utilize his African mining and development experience.


About Mali

Mali is the fastest growing gold producing country in Africa. Production in 2007 amounted to 2 million ounces of gold making Mali Africa's third-largest gold producer after South Africa and Ghana. AngloGold Ashanti Limited, one of the largest gold mining companies in the world, has interests in three operating mines in Mali: Sadiola, Yatela and Morila.

On Behalf of the Board of Directors,

"R. Tim Henneberry"
R.Tim Henneberry, P.Geo.
President and CEO

For further information, please contact:

For Investor Relations Information contact:

Tim Henneberry: (604) 694-0741

Contact Financial Corp.

604.689.7422 Toll Free 1.877.689.7411

Paul Cowley, P.Geo., Director of Appleton Exploration Inc., is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release.

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

Forward-Looking Statements

This press release contains forward-looking statements. All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, exploration programs, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.

Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. All such forward-looking information and statements are based on certain assumptions and analyses made by the Company's management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include but are not limited to: risks related to the exploration and potential development of the Company's projects, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, as well as those factors discussed in the sections relating to risk factors of the Company set out in the Company's MD&A filed on SEDAR.

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, the reader should not place any undue reliance on forward-looking information or statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.



 

October 26, 2010.  Vancouver, British Columbia. Appleton Exploration Inc. (AEX - TSX.V) is pleased to announce the discovery of a new mineralized zone (Hilltop Structure) during recent aircore (AC) drilling at the Sirabada Prospect on the Manalo Gold Project.

Highlights include:

  • 0.88 grams per tonne (g/t) gold over 10 metres in MSAC-10-009
  • 2.29 g/t gold over the bottom 4 metres in MSAC-10-019
  • Up-dip extension of mineralization in MSAC-10-020 displays 2 intervals (Table 1).
  • Drill holes MSAC-10-009 and 019/020 are 220 metres apart along strike.
  • The new trend lies 200 metres west of and parallel to the main Sirabada structure.
  • Sirabada hosts an extensive hard rock artisanal mine site, covering an area more than 200 x 400 metres

Table 1           Highlights from Hilltop Structure

Drill Hole

From

(m)

To

(m)

Length

(m)

Au g/t

MSAC-10-009

0

10

10

0.88

MSAC-10-019

55

59

4

2.29

MSAC-10-020

6

14

8

0.77

and

24

33

9

0.79

All reported assays are by screen metallics method.

Aircore drilling tested several targets on the Sirabada and Mansaya Prospects.  At Sirabada, 34 drill holes totalling 2103 metres cut 3 fences across the western side of the extensive soil geochemical anomaly.  Five holes also tested under the main Sirabada structure, returning several low-grade intervals (see Table 2).

Table 2           Highlights from Sirabada Main Structure

Drill Hole

From

(m)

To

(m)

Length

(m)

Au g/t

MSB-10-022

31

33

2

0.96

and

57

63

6

0.30

MSB-10-023

39

45

6

0.73

and

65

68

3

0.80

All reported assays are by screen metallics method.

At Mansaya, 52 aircore drill holes totalling 1784 metres were completed in 3 fences across a broad soil geochemical anomaly.  Results are pending.

Dialafara Southern Segment

The 2009/10 drill campaign on the Dialafara Southern Segment returned numerous significant intervals.  Recent re-interpretation of those results and the host structures suggests that mineralization is controlled by a series of northeast-trending extension veins intersecting a northwest-trending contact between a coarse sandstone unit and fine mudstone units.  These structural intersections host long intervals of gold mineralization perhaps in an en echelon and stacked arrangement.  Table 3 highlights the previously released results from the Dialafara Southern Segment.

Table 3           Highlights from Dialafara Southern Segment

Drill Hole

From

(m)

To

(m)

Length

(m)

Au g/t

MDL-07-001

71.0

80.0

9.0

*9.57

MDL-07-002

87.0

93.0

6.0

*29.07

MDL-07-011

53.0

66.0

13.0

*2.43

MDL-09-053

39.0

51.0

12.0

0.55

MDL-09-054

37.0

54.0

17.0

0.95

MDL-09-058

14.0

26.0

12.0

0.89

MDL-09-068

86.0

112.0

26.0

0.51

MDL-09-072

60.0

73.0

13.0

0.44

MDL-09-073

68.0

82.0

14.0

2.06

and

93.0

124.0

31.0

3.76

MDL-10-086

47.0

108.0

61.0

0.95

MDL-10-088

93.0

119.0

26.0

1.04

MDL-10-089

64.0

76.0

12.0

1.03

MDL-10-097

51.0

65.0

14.0

0.68

MDL-09-099

27.0

80.0

53.0

1.62

MDL-10-108

70.0

72.0

2.0

4.01

MDL-10-110

108.0

118.0

10.0

3.68

*   Assayed by 30g FA/AA finish

All samples were initially analyzed by 50 gram fire assay.  Samples identified in potentially mineralized zones or than returned anomalous (>0.10 g/t) gold values were re-assayed by screen metallics analysis.  Previous work suggests that Manalo hosts moderate coarse gold.

Quality Control and Assurance

The widths and grades reported are drill intercept widths and may not represent the true width of mineralization.  Individual gold assays have not been cut but high grade samples have been separately reported in the table above.  Samples are reverse circulation cuttings collected using a cyclone in 1 metre intervals that are riffle split at the drill site. All samples are assayed by fire assay (50 gram charge).  Zones of quartz veining and limonite were submitted for check assays by the screen metallic method in order identify the presence and significance of coarse gold in samples. The primary laboratory is ALS Chemex in Bamako, an ISO 17025 certified laboratory. Standard, blank, and duplicate samples were inserted throughout the sample sequence as quality control checks.  Both Christopher J. Wild, P.Eng. and Paul Cowley, P.Geo., director of Appleton, are qualified persons for the drilling campaign.

About Mali

Mali is the fastest grow ing gold produc ing country in Africa. Production in 2007 amounted to 2 million ounces of gold making Mali Africa's third-largest gold producer after South Africa and Ghana. AngloGold Ashanti Limited, one of the largest gold mining companies in the world, has interests in three operating mines in Mali: Sadiola, Yatela and Morila.

On Behalf of the Board of Directors,

"R. Tim Henneberry"

R.Tim Henneberry, P.Geo.

President and CEO

For further information, please contact:

For Investor Relations Information contact:

Tim Henneberry:  (604) 694-0741

Contact Financial Corp.

604.689.7422 Toll Free 1.877.689.7411

Paul Cowley, P.Geo., Director of Appleton Exploration Inc., is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release.

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

Forward-Looking Statements

This press release contains forward-looking statements.  All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.

Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology.  All such forward-looking information and statements are based on certain assumptions and analyses made by the Company's management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances.  These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forward-looking information or statements.  Important factors that could cause actual results to differ from these forward-looking statements include but are not limited to: risks related to the exploration and potential development of the Company's projects, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, as well as those factors discussed in the sections relating to risk factors of the Company set out in the Company's MD&A filed on SEDAR.

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, the reader should not place any undue reliance on forward-looking information or statements.  Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.

August 11, 2010 Vancouver, British Columbia. Appleton Exploration Inc. (AEX - TSX.V) is pleased to announce the remaining results from recent reverse circulation (RC) and aircore (AC) drilling on the southern segment of the Dialafara Prospect on the Manalo Gold Project, Republic of Mali, West Africa.  Highlights include 10 metres of 3.68 grams per tonne (g/t) gold and 10 metres of 0.75 g/t Au.  These new results, in conjunction with previous drilling to date, now define a minimum 625 metre strikelength trend of encouraging gold mineralization.

Appleton's president Tim Henneberry stated "Appleton management continues to be very excited with the drill results from our Manalo Gold Project. We are getting a better handle on the geology controlling the gold mineralization, now have a considerable strikelength of gold mineralization in the Dialafara South Segment target and have many untested anomalies and targets throughout the Manalo Permit that warrant our attention. "

New results are from the last 11 RC holes, MDL-10-100 to MDL-10-110 on the Dialafara South Segment and aircore drilling along its northwest projection, part of the 37 hole 4,300-metre RC drill program and 67 hole 3,771-metre AC drill program conducted during March and April, 2010. Appleton is earning a 100% interest in the Manalo project from Rockgate Capital Corp.

Table 1           Highlights

Drill Hole

From

(m)

To

(m)

Length

(m)

Au g/t

MDL-10-100

77

78

1

3.17

MDL-10-102

49

59

10

0.75

incl

49

53

4

1.45

MDL-10-103

86

87

1

2.83

and

91

92

1

0.47

MDL-10-104

23

24

1

0.32

and

44

47

3

1.00

and

58

62

4

0.20

and

103

105

2

0.79

MDL-10-108

46

47

1

47.40

and

70

72

2

4.01

MDL-10-109

50

51

1

0.70

MDL-10-110

3

5

2

0.63

and

82

90

8

0.67

and

108

118

10

3.68

Six RC holes, MDL-10-100, 101, and 107 to 110, explored 100 to 280 metres to the northwest of MDL-10-099 which intersected 1.45 g/t Au across 61 metres, as reported in our news release dated July 15, 2010.  Many of the best gold intercepts in the Dialafara South Segment, like that in MDL-10-099, occur within a trend of quartz veining along and proximal to the northwest-trending sandstone-mudstone contact.  MDL-10-107 to 110 encountered significant quartz veining in the coarse sandstone unit adjacent to the contact.  MDL-10-110 intersected 3.68 g/t Au over 10 metres. Hole MDL-10-110 is 200 metres northwest of hole MDL-10-099. More drilling is proposed for this area. MDL-10-100 and 101 did not reach the key sandstone-mudstone contact but explored veining in the mudstones, encountering weak veining with sporadic gold values.

Five RC holes, MDL-10-102 to 106, tested the 300 metres between the central Dialafara artisanal workings (MDL-10-086 and 099) and the southeast workings (MDL-09-073).  All 5 holes tested quartz veining in the mudstones immediately northeast of the key sandstone-mudstone contact, intersecting quartz veining and sporadic gold values.  The drilling did not reach the key sandstone-mudstone contact. Drill testing of the key contact zone in this area is planned.

The northwest projection of the Dialafara Southern Segment was explored by four widely spaced lines of aircore drilling. This drilling identified several gold-bearing structures associated with mudstone-sandstone contacts.  Near MDL-10-017, aircore hole MAC-10-125 intersected 15 metres assaying 0.55 g/t Au and MAC-10-126 intersected 5 metres of 0.43 g/t Au (by 50g Fire Assay).  Almost 200 metres west, MAC-10-133 and 134 intersected 9.0 metres of 0.20 g/t Au and 6.0 metres of 0.18 g/t Au, respectively, in a new significant quartz vein trend associated with a sandstone-mudstone contact.  That quartz veining is traceable to the northwest for over 300 metres, and may represent the fold-repeated contact found at the Dialafara Southern Segment. Drilling is proposed for this potential repetition of the mineralized structure.

Quality Control and Assurance

The widths and grades reported are drill intercept widths and may not represent the true width of mineralization.  Individual gold assays have not been cut but high grade samples have been separately reported in the table above.  Reverse circulation and aircore cuttings collected used a cyclone in 1 metre intervals that are riffle split at the drill site. All samples were initially analyzed by 50 gram fire assay.  Samples identified in potentially mineralized zones or that returned anomalous (>0.10 g/t) gold values were reassayed by screen metallics analysis in order identify the presence and significance of coarse gold in samples. All reported assays in this report are by screen metallics methods unless otherwise stated.  Previous work suggests than Manalo hosts moderate coarse gold. The primary laboratory is ALS Chemex in Bamako, an ISO 17025 certified laboratory. Standard, blank, and duplicate samples were inserted throughout the sample sequence as quality control checks.  Both Chris Wild, P.Eng. and Paul Cowley, P.Geo., director of Appleton, are qualified persons for the drilling campaign.

Appleton is awaiting results from aircore drilling completed in June 2010 on the Sirabada and Mansaya Prospects approximately 8 kilometres south and southeast of Dialafara South.

About Mali

Mali is the fastest growing gold producing country in Africa. Production in 2007 amounted to 2 million ounces of gold making Mali Africa's third-largest gold producer after South Africa and Ghana. AngloGold Ashanti Limited, one of the largest gold mining companies in the world, has interests in three operating mines in Mali: Sadiola, Yatela and Morila.

On Behalf of the Board of Directors,

"R. Tim Henneberry"

R.Tim Henneberry, P.Geo.

President and CEO

For further information, please contact:

For Investor Relations Information contact:

Tim Henneberry:  (604) 694-0741

Contact Financial Corp.

604.689.7422 Toll Free 1.877.689.7411

Paul Cowley, P.Geo., Director of Appleton Exploration Inc., is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release.

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

Forward-Looking Statements

This press release contains forward-looking statements.  All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.

Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology.  All such forward-looking information and statements are based on certain assumptions and analyses made by the Company's management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances.  These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forward-looking information or statements.  Important factors that could cause actual results to differ from these forward-looking statements include but are not limited to: risks related to the exploration and potential development of the Company's projects, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, as well as those factors discussed in the sections relating to risk factors of the Company set out in the Company's MD&A filed on SEDAR.

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, the reader should not place any undue reliance on forward-looking information or statements.  Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.

July 15, 2010 Vancouver, British Columbia. Appleton Exploration Inc. (AEX - TSX.V) is pleased to announce results from a further thirteen reverse circulation (RC) holes focused on the southern segment of the Dialafara Prospect on the Manalo Gold Project, Mali, West Africa.  These new results, in conjunction with previous drilling to date, now define a minimum 450 metre strikelength trend of encouraging gold mineralization. The latest results include: 61 metres of 1.45 grams per tonne (g/t) Au, 27 metres of 1.50 g/t Au and 3 metres of 26.88 g/t Au.

Table 1           New Highlights from Dialafara Southern Segment

Hole Number

Zone

From (m)

To (m)

Length (m)

g/t Au

MDL-10-088

Dialafara South

0

12

12

0.32

 

Dialafara South

93

120

27

1.50

MDL-10-089

Dialafara South

0

9

9

0.35

 

and

64

77

13

0.97

 

and

86

102

16

0.29

MDL-10-091

Dialafara South

0

8

8

2.97

MDL-10-093

Dialafara South

78

81

3

2.24

 

and

99

101

2

2.22

MDL-10-096

Dialafara South

96

120

24

0.22

MDL-10-097

Dialafara South

50

67

17

0.60

 

and

94

97

3

26.88

 

including

94

95

1

78.00

MDL-10-098

Dialafara South

95

108

13

0.30

MDL-10-099

Dialafara South

24

85

61

1.45

Note:  All assays presented above are screen metallic assays

Drill results last reported on June 15, 2010 focused on testing the northwesternmost 250 metre strikelength of the Dialafara Southern Segment. The drill results reported in this release with holes MDL-10-087 through MDL-10-099 tested a 700 metre strikelength of the Dialafara Southern Segment, overlapping 150 metres with the previous reporting. These new results, in conjunction with previous drilling to date, now show good signs of lateral and downdip continuity to gold mineralization along a minimum 450 metre strikelength. Other drilling previously reported along this 450 metre strikelength include hole MDL-10-086 with 61 metres of 1.62 g/t Au hole and hole MDL-09-54 with 18 metres of 3.32 g/t Au.

The drill results above are part of the 4,300 metre, 37 hole RC drill program and 3,771 metre, 67 hole AC drill program conducted during March and April 2010.  Maps showing drill collar locations and tables of metre by metre results for each of the intervals tabled in this news release are available on the Manalo Current Exploration Page on the Company's website: www.appletonexploration.com. There are still 10 holes pending results from this campaign, all on the Dialafara Southern Segment.

The Company also wishes to announce that it has completed 39 aircore holes totaling 2,586 metres on its Sirabada target and 52 aircore holes totaling 1,784 metres on its Mansaya target, both of which are part of the Manalo Project. Results are pending from this program.

Appleton is earning a 100% interest from Delta Exploration Inc., a wholly-owned subsidiary of Rockgate Capital Corp.

Quality Control and Assurance

All samples were initially analyzed by 50 gram fire assay.  Samples in high quartz intervals or those returning anomalous (>0.10 g/t Au) gold values were analyzed by screen metallic assay method, in order to identify the presence and significance of coarse gold in samples. All intercepts presented in this news release are screen metallic assay. The widths and grades reported are drill intercept widths and may not represent the true width of mineralization. Individual gold assays have not been cut, but high grade samples have been separately reported in the table above. Samples are reverse circulation cuttings collected using a cyclone in 1 metre intervals that are riffle split at the drill site. The primary laboratory is ALS Chemex in Bamako, an ISO 17025 certified laboratory. Standard, blank and duplicate samples were inserted throughout the sample sequence as quality control checks.  Both Chris Wild, P.Eng. and Paul Cowley, P.Geo., director of Appleton, are qualified persons for the drilling campaign.

About Mali

Mali is the fastest growing gold producing country in Africa. Production in 2007 amounted to 2 million ounces of gold making Mali Africa's third-largest gold producer after South Africa and Ghana. AngloGold Ashanti Limited, one of the largest gold mining companies in the world, has interests in three operating mines in Mali: Sadiola, Yatela and Morila.

On Behalf of the Board of Directors,

"R. Tim Henneberry"

R.Tim Henneberry, P.Geo.

President and CEO

For further information, please contact:

For Investor Relations Information contact:

Tim Henneberry:  (604) 694-0741

Contact Financial Corp.

604.689.7422 Toll Free 1.877.689.7411

Paul Cowley, P.Geo., Director of Appleton Exploration Inc., is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release.

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

Forward-Looking Statements

This press release contains forward-looking statements.  All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, exploration programs, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.

Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology.  All such forward-looking information and statements are based on certain assumptions and analyses made by the Company's management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances.  These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forward-looking information or statements.  Important factors that could cause actual results to differ from these forward-looking statements include but are not limited to: risks related to the exploration and potential development of the Company's projects, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, as well as those factors discussed in the sections relating to risk factors of the Company set out in the Company's MD&A filed on SEDAR.

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, the reader should not place any undue reliance on forward-looking information or statements.  Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.

June 15, 2010 Vancouver, British Columbia. Appleton Exploration Inc. (AEX - TSX.V) is pleased to announce initial results from its spring 2010 reverse circulation (RC) and aircore (AC) drill campaign on the northern and southern segments of the Dialafara Prospect on the Manalo Gold Project, Mali, West Africa.  Highlights include 31 metres of 2.79 grams per tonne (g/t) gold (uncut) in a broader interval of 61 metres of 1.62 grams per tonne gold (uncut).  Follow-up analysis by screen metallics methods returned 1.43 g/t Au over the 31 metre interval and 0.95 g/t  Au over the 61 metre interval, confirming gold mineralization.

Table 1           Highlights from MDL-10-086, Dialafara South Segment

Drill Hole

From

(m)

To

(m)

Length

(m)

Fire

Assays

Au g/t

Check Screen Metallic Assays

Au g/t

MDL09-086

47

108

61

1.62

0.95

incl

47

65

18

0.65

0.73

incl

65

77

12

0.17

0.11

incl

77

108

31

2.79

1.43

incl

102

108

6

12.93

4.73

incl

106

107

1

57.30

2.29

The drill results above are part of the 4,300 metre, 37 hole RC drill program and 3,771 metre, 67 hole AC drill program conducted during March and April 2010.  Maps showing drill collars locations and tables of metre by metre results for each of the intervals tabled in this news release are available on the Manalo Current Exploration Page on the Company's website: www.appletonexploration.com.

Appleton is earning a 100% interest from Delta Exploration Inc., a wholly-owned subsidiary of Rockgate Capital Corp.

Dialafara South Segment

Twenty-nine RC drill holes totalling 3,328 metres tested along approximately 900 metres of the Dialafara South structure.  To date, results have been received for 5 holes from this area.  MDL-10-086, reported above, was collared under the central artisanal workings where mapping indicates the presence of northeast and northwest trending quartz veins in a stockwork.  MDL-10-086 is situated between holes MDL-09-053 and MDL-09-054, which returned 1.58 g/t Au over 10 metres and 3.32 g/t Au over 18 metres, respectively, in a west-northwest-trending quartz-rich structure.  Significantly, gold mineralization in MDL-10-086 extends 10 metres into rock without quartz veining.

In addition, four holes, MDL-10-074 to MDL-10-077, located about 150 metres northwest of MDL-10-086 in the northwest artisanal workings on the Dialafara South structure intersected weakly mineralized quartz veining proximal to the main structure. Their highlights are tabled below. These four holes are in the vicinity of previous drilling, which included 27 metres averaging 0.50 g/t Au from MDL-09-068.

Table 2           Other Highlights from Dialafara South Segment

Drill Hole

From

(m)

To

(m)

Length

(m)

Fire

Assays

Au g/t

Check Screen Metallic Assays

Au g/t

MDL09-074

70

84

14

0.20

0.33

and

108

116

8

0.32

0.47

MDL09-076

33

39

6

0.28

0.54

and

69

70

1

1.81

5.43

Dialafara North Segment

MDL-10-079 intersected high-grade gold mineralization associated with quartz veining at the bottom of the hole. MDL-10-079 returned 6.54 g/t Au across 10 metres by fire assay and 2.30 g/t Au by screen metallics methods.  MDL-10-079 was collared 50 metres northwest of section MDL-09-046 and MDL-09-062, which intersected 2.80 g/t Au over 11 metres and 1.03 g/t Au over 9 metres, respectively.  MDL-10-080 was collared too far to the southwest so failed to reach the mineralized structure.  Thus, this mineralized zone remains open to the northwest, heading toward mineralization identified some 750 metres to the northwest.

MDL-10-081 to 085 tested 400 to 700 metres southeast of MDL-10-079, southeast of the Dialafara north artisanal workings.  MDL-10-081 was collared approximately 60 metres southeast of MDL-09-065, which intersected 7 metres of 34.97 g/t Au.

Table 3           Highlights from Dialafara North Segment

Drill Hole

From

(m)

To

(m)

Length

(m)

Fire

Assays

Au g/t

Check Screen Metallic Assays

Au g/t

MDL-10-079

114

124

10

6.54

2.32

incl

118

124

6

10.75

3.82

incl

119

120

1

50.80

13.90

MDL-10-081

62

69

7

0.43

0.17

MDL-10-082

50

57

7

0.65

0.61

MDL-10-084

97

100

3

0.94

0.88

Dialafara North Segment - NW Step-out

One RC hole, MDL-10-078, was drilled to test low-grade mineralization intersected in aircore drilling in 2009.  MAC-09-001 intersected 0.17 g/t Au across 30 metres.  MDL-10-078 intersected anomalous gold values between 95 and 116 metres downhole, including 1.28 g/t Au over 2 metres.  A new fence of aircore drilling comprising 8 holes stepped 100 metres to the south, intersecting an 8 metre interval averaging 0.73 g/t Au in MAC-10-099.  This structure is on strike with Dialafara north segment mineralization.  MAC-10-096 also intersected 10.65 g/t Au over 1 metre in a 4-metre moderately quartz-rich structure.

All samples were analyzed by 50 gram fire assay.  Samples identified in potentially mineralized zones or that returned anomalous (>0.10 g/t) gold values were checked with screen metallics analysis.  Previous work suggests that Manalo hosts moderate coarse gold.

Quality Control and Assurance

The widths and grades reported are drill intercept widths and may not represent the true width of mineralization. Individual gold assays have not been cut but high grade samples have been separately reported in the table above. Samples are reverse circulation cuttings collected using a cyclone in 1 metre intervals that are riffle split at the drill site. Samples are assayed by fire assay (50 gram charge). Zones of quartz veining and limonite were submitted for check assays by the screen metallic method in order identify the presence and significance of coarse gold in samples. The primary laboratory is ALS Chemex in Bamako, an ISO 17025 certified laboratory. Standard, blank and duplicate samples were inserted throughout the sample sequence as quality control checks.  Both Chris Wild, P.Eng. and Paul Cowley, P.Geo., director of Appleton, are qualified persons for the drilling campaign.

About Mali

Mali is the fastest growing gold producing country in Africa. Production in 2007 amounted to 2 million ounces of gold making Mali Africa's third-largest gold producer after South Africa and Ghana. AngloGold Ashanti Limited, one of the largest gold mining companies in the world, has interests in three operating mines in Mali: Sadiola, Yatela and Morila.

On Behalf of the Board of Directors,

"R. Tim Henneberry"

R.Tim Henneberry, P.Geo.

President and CEO

For further information, please contact:

For Investor Relations Information contact:

Tim Henneberry:  (604) 694-0741

Contact Financial Corp.

604.689.7422 Toll Free 1.877.689.7411

Paul Cowley, P.Geo., Director of Appleton Exploration Inc., is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release.

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

Forward-Looking Statements

This press release contains forward-looking statements.  All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, exploration programs, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.

Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology.  All such forward-looking information and statements are based on certain assumptions and analyses made by the Company's management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances.  These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forward-looking information or statements.  Important factors that could cause actual results to differ from these forward-looking statements include but are not limited to: risks related to the exploration and potential development of the Company's projects, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, as well as those factors discussed in the sections relating to risk factors of the Company set out in the Company's MD&A filed on SEDAR.

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, the reader should not place any undue reliance on forward-looking information or statements.  Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.



June 9, 2010 - Vancouver, British Columbia. Appleton Exploration Inc. (AEX - TSX.V) has commenced a new drilling program at its Manalo Gold Project in the Republic of Mali, West Africa. This program will focus on the Sirabada and Mansaya gold targets and will be Appleton's first drilling pass on these targets.

The Sirabada target is a 1500 metre long by 200 to 500 metre wide gold-in-soil anomaly.  The geochemical anomaly appears to represent multiple northwest trending linears associated with extensive artisanal workings. The strongest set of workings, which is currently 500 metres long and 50 metres wide, is associated with intense white clay-quartz alteration. This large target has received 2,335 metres of reverse circulation drilling in 21 holes by the previous operator, however, Appleton geologists believe that only two of those holes were properly oriented to test mineralization. The best intercepts from previous drilling were from MSB-08-013 with 0.49 gpt Au across 14 metres, 0.50 gpt Au across 8 metres and 0.54 gpt Au across 7 metres.

The Mansaya target consists of two gold-in-soil anomalous areas. The southern anomaly is 1200 metres long by 300 to 450 metres wide and has received eight reverse circulation holes totalling 774 metres by the previous operator. Hole MMS-08-018 returned 10.71 gpt Au over 3 metres. The northern anomaly is 1600 metre long by 200 metre wide. A total of 905 metres of reverse circulation were completed in 9 holes in this area. Holes MMS-08-007 through MMS-08-012 intersected a mineralized trend with the best results from MMS-08-008 with 0.80 gpt Au across 20 metres.

The drilling program will comprise approximately 2000 metres in the Sirabada target and 2700 metres in the Mansaya target. The Sirabada program will consist of 4 drill fences of air core drilling across the full width of the zone. The Mansaya program will consist of 6 drill fences of air core drilling focused on the southern gold anomaly.

About Mali

Mali is the fastest growing gold producing country in Africa. Production in 2007 amounted to 2 million ounces of gold making Mali Africa's third-largest gold producer after South Africa and Ghana. AngloGold Ashanti Limited, one of the largest gold mining companies in the world, has interests in three operating mines in Mali: Sadiola, Yatela and Morila.

On Behalf of the Board of Directors,

"R. Tim Henneberry"

R.Tim Henneberry, P.Geo.

President and CEO

For further information, please contact:

For Investor Relations Information contact:

Tim Henneberry:  (604) 694-0741

Contact Financial Corp.

604.689.7422 Toll Free 1.877.689.7411

Paul Cowley, P.Geo., Director of Appleton Exploration Inc., is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release.

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

Forward-Looking Statements

This press release contains forward-looking statements.  All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's planned drilling programs and strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.

Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology.  All such forward-looking information and statements are based on certain assumptions and analyses made by the Company's management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances.  These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forward-looking information or statements.  Important factors that could cause actual results to differ from these forward-looking statements include but are not limited to: risks related to the exploration and potential development of the Company's projects, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, as well as those factors discussed in the sections relating to risk factors of the Company set out in the Company's MD&A filed on SEDAR.

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, the reader should not place any undue reliance on forward-looking information or statements.  Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.

June 1, 2010 Vancouver, British Columbia. Appleton Exploration Inc. (AEX – TSX.V) has commenced a follow up surface trenching program at its Manalo Gold Project in the Republic of Mali, West Africa. This program will focus on the northern and southern segments of the Dialafara Z one and on the Mansaya Zone. Key trenching at this stage will expose the corridors of mineralization in strategic parts of these zones for added grade continuity and structural data to solidify interpretations of drill intercepts.

The trenching program will comprise of approximately 400 metres for the Dialafara Zone; 200 metres in the Northern Segment and 200 metres in the Southern Segment. The Mansaya trenching program will be approximately 200 metres.

Appleton completed 37 reverse circulation (RC) holes totaling 4,300 metres and 67 air core holes totaling 3,771 metres at Dialafara in March and April 2010. Assay results are pending. The last drill program completed at Mansaya was the spring 2008 program conducted by Delta Exploration Inc.

Drilling to date on the Manalo Property totals over 32,000 metres. Delta Exploration completed 15,474 metres in 159 holes over the entire property between 2006 and 2008. Appleton has completed three drill campaigns totaling 16,672 metres of Reverse Circulation and Aircore drilling in 232 holes, concentrating in the Dialafara Zone since May of 2009.

About Mali
Mali is the fastest growing gold producing country in Africa. Production in 2007 amounted to 2 million ounces of gold making Mali Africa's third-largest gold producer after South Africa and Ghana. AngloGold Ashanti Limited, one of the largest gold mining companies in the world, has interests in three operating mines in Mali: Sadiola, Yatela and Morila.

On Behalf of the Board of Directors,
"R. Tim Henneberry"
R.Tim Henneberry, P.Geo.
President and CEO

For further information, please contact: For Investor Relations Information contact:
Tim Henneberry:  (604) 694-0741 Contact Financial Corp. 604.689.7422 Toll Free 1.877.689.741

Paul Cowley, P.Geo., Director of Appleton Exploration Inc., is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release.

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

Forward-Looking Statements
This press release contains forward-looking statements.  All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's planned drilling programs and strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.

Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology.  All such forward-looking information and statements are based on certain assumptions and analyses made by the Company's management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances.  These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forward-looking information or statements.  Important factors that could cause actual results to differ from these forward-looking statements include but are not limited to: risks related to the exploration and potential development of the Company's projects, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, as well as those factors discussed in the sections relating to risk factors of the Company set out in the Company's MD&A filed on SEDAR.

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, the reader should not place any undue reliance on forward-looking information or statements.  Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.

April 29, 2010 Vancouver, British Columbia. Appleton Exploration Inc. (AEX - TSX.V) has completed the first phase of the spring 2010 drilling program at its Manalo Gold Project in the Republic of Mali, West Africa. This phase focused on the northern and southern segments of the Dialafara Zone. Thirty seven reverse circulation (RC) holes totaling 4,300 metres and 67 air core holes totaling 3,771 metres were completed. Samples were shipped to ALS Chemex in Bamako, Mali at regular intervals throughout the program. Assay results are pending and expected before the end of May.

Dialafara Zone

The Dialafara Zone consists of a 3.7 kilometre long gold soil anomaly. The zone appears to be fault off-set, resulting in a 2 kilometre long northern segment and a 1.7 kilometre long southern segment.

Dialafara Northern Segment

Of the 2 kilometre long gold soil anomaly, drilling has defined gold mineralization in the Dialafara Northern Segment for a strikelength of over 600 metres to date, which locally occurs as multiple sub parallel zones across a 55 metre wide northwest trend. The Northern Segment is centred on a 200 metre long zone of artisanal workings. Previously reported drilling has returned several intervals between 0.30 gpt Au to 2.5 gpt Au over widths from 7 to 16 metres. In addition, higher grade drill intercepts had been encountered within the Northern Segment, including 640 gpt Au over 3 metres, 15.64 gpt Au over 16 metres and 35.67 gpt Au over 7 metres.

During the 2010 Phase 1 program seven reverse circulation holes totalling 852 metres were completed in the Northern Segment. An additional 16 air core holes totalling 938 metres were completed on the "32 Zone" immediately to the southeast of the Northern Segment, testing for a parallel structure.

Dialafara Southern Segment

Of the 1.7 kilometres long soil anomaly, drilling to date in the Dialafara Southern Segment has been focused on a 700 metre strikelength of the anomaly. There are three separate zones of artisanal workings along this 700 metre trend. The Southern Segment consists of a dominant northwest trending mineralized zone with multiple subsidiary northeast trending zones. The artisanal workings appear to extend up to 100 metres in a northeast direction. Previously reported drilling has returned several intervals between 0.30 gpt Au to 6.27 gpt Au over widths from 5 to 25 metres. In addition, higher grade drill intercepts had been encountered within the Southern Segment, including 29.07 gpt Au over 6 metres and 9.57 gpt Au over 9 metres.

During the 2010 Phase 1 program twenty-nine reverse circulation holes totalling 3,328 metres were completed in the Southern Segment. In addition, 43 air core holes totalling 2,361 metres were completed in the Southern Segment to test for strikelength expansion of the zone.

Quality Control and Assurance

All samples were sent to ALS Chemex in Bamako, an ISO 17025 certified laboratory, for assay. Standard, blank and duplicate samples were inserted throughout the sample sequence as quality control checks. Both Chris Wild, P.Eng. and Paul Cowley, P.Geo. are qualified persons for the drilling campaign.

About Mali

Mali is the fastest growing gold producing country in Africa. Production in 2007 amounted to 2 million ounces of gold making Mali Africa's third-largest gold producer after South Africa and Ghana. AngloGold Ashanti Limited, one of the largest gold mining companies in the world, has interests in three operating mines in Mali: Sadiola, Yatela and Morila.

On Behalf of the Board of Directors,

"R. Tim Henneberry"

R.Tim Henneberry, P.Geo.

President and CEO

For further information, please contact:

For Investor Relations Information contact:

Tim Henneberry:  (604) 694-0741

Contact Financial Corp.

604.689.7422 Toll Free 1.877.689.7411

Paul Cowley, P.Geo., Director of Appleton Exploration Inc., is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release.

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

Forward-Looking Statements

This press release contains forward-looking statements.  All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's planned drilling programs and strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.

Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology.  All such forward-looking information and statements are based on certain assumptions and analyses made by the Company's management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances.  These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forward-looking information or statements.  Important factors that could cause actual results to differ from these forward-looking statements include but are not limited to: risks related to the exploration and potential development of the Company's projects, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, as well as those factors discussed in the sections relating to risk factors of the Company set out in the Company's MD&A filed on SEDAR.

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, the reader should not place any undue reliance on forward-looking information or statements.  Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.

April 5, 2010 - Vancouver, British Columbia. Appleton Exploration Inc. (AEX - TSX.V) reports that pursuant to the agreement dated February 20, 2009, whereby the Company may acquire up to a 100% interest in the Manalo Gold Project in Mali, the Company has issued 500,000 units to Delta Exploration Inc., being the first anniversary option payment.  Each unit is comprised of one common share and one share purchase warrant entitling the holder to acquire one additional common share of Appleton at an exercise price of $0.32 per share, on or before April 1, 2012.  The securities are subject to a four month hold until August 2, 2010.

On Behalf of the Board of Directors,

"R. Tim Henneberry"

R.Tim Henneberry, P.Geo.

President and CEO

For further information, please contact:

For Investor Relations Information contact:

Tim Henneberry:  (604) 694-0741

Contact Financial Corp.

604.689.7422 Toll Free 1.877.689.7411

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

March 22, 2010 - Vancouver, British Columbia. Appleton Exploration Inc. (AEX - TSX.V) has commenced the spring 2010 drilling program at its Manalo Gold Project in the Republic of Mali, West Africa. This phase of the drilling program will focus on the northern and southern segments of the Dialafara Zone. The total proposed drill program will consist of approximately 2,700 metres of reverse circulation drilling and 2,200 metres of air core drilling.

Dialafara Zone

The Dialafara Zone consists of a 3.7 kilometre long gold soil anomaly. The zone appears to be fault off-set, resulting in a 2 kilometre long northern segment and a 1.7 kilometre long southern segment.

Dialafara Northern Segment

Of the 2 kilometre long gold soil anomaly, drilling has defined gold mineralization in the Dialafara Northern Segment for a strikelength of over 600 metres to date, which locally occurs as multiple sub parallel zones across a 55 metre wide northwest trend. The Northern Segment is centred on a 200 metre long zone of artisanal workings. The drilling has returned several intervals between 0.30 gpt Au to 2.5 gpt Au over widths from 7 to 16 metres. In addition, the drilling has identified higher grade intercepts within the Northern Segment, including 640 gpt Au over 3 metres, 15.64 gpt Au over 16 metres and 35.67 gpt Au over 7 metres.

Approximately 800 metres of reverse circulation drilling is currently planned on this target.

Dialafara Southern Segment

Of the 1.7 kilometres long soil anomaly, drilling to date in the Dialafara Southern Segment has been focused on a 700 metre strikelength of the anomaly. There are three separate zones of artisanal workings along this 700 metre trend. The Southern Segment consists of a dominant northwest trending mineralized zone with multiple subsidiary northeast trending zones. The artisanal workings appear to stretch up to 100 metres in a northeast direction. Drilling to date has returned several intervals between 0.30 gpt Au to 6.27 gpt Au over widths from 5 to 25 metres. In addition, the drilling has identified higher grade intercepts within the Southern Segment, including 29.07 gpt Au over 6 metres and 9.57 gpt Au over 9 metres.

Approximately 1900 metres of reverse circulation drilling is currently planned on this target.

Additionally, approximately 2,200 metres of air core drilling is planned within the Dialafara Zone in efforts of extending strikelengths of mineralization.

Quality Control and Assurance

All samples will be sent to ALS Chemex in Bamako an ISO 17025 certified laboratory for assay. Standard, blank and duplicate samples will be inserted throughout the sample sequence as quality control checks. Both Chris Wild, P.Eng. and Paul Cowley, P.Geo. are qualified persons for the drilling campaign.

About Mali

Mali is the fastest growing gold producing country in Africa.  Production in 2007 amounted to 2 million ounces of gold, making Mali Africa's third-largest gold producer after South Africa and Ghana.  AngloGold Ashanti Limited, one of the largest gold mining companies in the world, has interests in three operating mines in Mali: Sadiola, Yatela and Morila.

Grant of Stock Options

The Company also reports that it has granted 1,100,000 stock options to directors, officers, and consultants of the Company, at an exercise price of $0.20 per share, expiring on March 22, 2015, subject to the terms and conditions of the Company's stock option plan.

On Behalf of the Board of Directors,

"R. Tim Henneberry"

R.Tim Henneberry, P.Geo.

President and CEO

For further information, please contact:

For Investor Relations Information contact:

Tim Henneberry:  (604) 694-0741

Contact Financial Corp.

604.689.7422 Toll Free 1.877.689.7411

Paul Cowley, P.Geo., Director of Appleton Exploration Inc., is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release.

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

Forward-Looking Statements

This press release contains forward-looking statements.  All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's planned drilling programs and strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.

Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology.  All such forward-looking information and statements are based on certain assumptions and analyses made by the Company's management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances.  These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forward-looking information or statements.  Important factors that could cause actual results to differ from these forward-looking statements include but are not limited to: risks related to the exploration and potential development of the Company's projects, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, as well as those factors discussed in the sections relating to risk factors of the Company set out in the Company's MD&A filed on SEDAR.

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, the reader should not place any undue reliance on forward-looking information or statements.  Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.

February 11, 2010 Vancouver, British Columbia. Appleton Exploration Inc. (AEX - TSX.V) reports that pursuant to a letter of intent dated February 10, 2010, it has granted an option to Resource Hunter Capital Corp. ("Resource Hunter") to acquire an undivided interest of a minimum of 51% or a maximum of 75% in the Dora Gold Project, subject to a third-party 1.5% net smelter return royalty.  The 12,067 hectare Dora Gold Project is located in the Spences Bridge Gold Belt, approximately 20 kilometres south of Merritt, British Columbia.

To acquire the minimum 51% undivided interest in the Dora Project, Resource Hunter will pay $25,000 to Appleton on or before the date of closing of Resource Hunter's Qualifying Transaction (the "effective date"); will issue an aggregate of 1,200,000 Units (each comprised of one common share and one warrant) on or before two years from the effective date; and complete expenditures on the Dora property in the aggregate of $1,100,000 on or before three years from the effective date.

To acquire the maximum 75% undivided interest in the Dora Project, Resource Hunter must fulfill the above requirements; issue to Appleton 500,000 additional Units; and make additional expenditures of $1,000,000 on or before four years from the effective date.

The proposed transaction is subject to (1) the approval by the Exchange, (2) Resource Hunter obtaining a legal opinion on title to the Property, (3) Appleton receiving third party consent from the original owner of the Property, and (4) the negotiation, execution and delivery of a definitive agreement.

Appleton completed over $750,000 in exploration on the Dora Project from 2006 through 2008, on programs of geochemical soil sampling, airborne geophysics, and excavator trenching. The property has several drill ready targets.

Appleton's president Tim Henneberry stated "Appleton management is pleased to put the Dora property to work through the option with Resource Hunter Capital Corp. This allows Appleton to continue to concentrate all of its efforts on our exciting Manalo Gold Project."

Appleton's main focus is the Manalo Gold Project in Mali, West Africa. The latest drill results (see News Release 10-01 dated February 8, 2009) included highlights of 25 metres grading 6.27 grams per metric tonne in hole MDL09-073 and 7 metres grading 34.97 grams per metric tonne gold in hole MDL09-065.

Apple ton has sufficient working capital on hand to fund its planned 2010 exploration programs. The next phase of drilling on the Manalo Gold Project is slated to begin in March.

On Behalf of the Board of Directors,

"R. Tim Henneberry"

R.Tim Henneberry, P.Geo.

President and CEO

For further information, please contact:

For Investor Relations Information contact:

Tim Henneberry:                (604) 694-0741         (604) 694-0741

Contact Financial Corp.

              604.689.7422         604.689.7422 Toll Free               1.877.689.7411         1.877.689.7411

Paul Cowley, P.Geo., Director of Appleton Exploration Inc., is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of th is news release.

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

Forward-Looking Statements

This press release contains forward-looking statements.  All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.

Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology.  All such forward-looking information and statements are based on certain assumptions and analyses made by the Company's management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances.  These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forward-looking information or statements.  Important factors that could cause actual results to differ from these forward-looking statements include but are not limited to: risks related to the exploration and potential development of the Company's projects, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, as well as those factors discussed in the sections relating to risk factors of the Company set out in the Company's MD&A filed on SEDAR.

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, the reader should not place any undue reliance on forward-looking information or statements.  Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.

February 8, 2010 Vancouver, British Columbia. Appleton Exploration Inc. (AEX - TSX.V) is pleased to announce that drilling in the area of high grade gold mineralization in the Dialafara southern segment has discovered a zone of continuous gold mineralization with drill hole MDL09-073 intersecting 25 metres of 6.27 grams per metric tonne (g/t) gold at a vertical depth of 88 metres. Check screen metallic assays of the same interval returned 25 metres of 4.56 g/t Au.

MDL09-073 was drilled on the same drill section line below three other holes.  MDL07-001 and MDL07-002, drilled in 2007, returned 9.57 g/t Au across 9.0 metres and 29.07 g/t Au across 6.0 metres, respectively, and MDL09-072 returned 0.44 g/t Au across 13 metres. The four intercepts align and form a moderately dipping zone of continuous gold mineralization. The drill results suggest the gold zone is thickening with depth. Link to a cross-section on our website with: http://www.appletonexploration.com/index.php/projects/manalo/113.html

Drill Section Highlights

Drill Hole

From

(m)

To

(m)

Length

(m)

Fire

Assays

Au g/t

Check Screen Metallic Assays

Au g/t

MDL09-073

68

82

14

0.81

2.06

96

121

25

6.27

4.56

MDL09-072

60

73

13

0.06

0.44

MDL07-001*

71

80

9

9.57

NA

MDL07-002*

87

93

6

29.07

NA

* Historic data;  NA = Not available

It should be noted that hole MDL07-002 stopped in mineralization due to technical problems so does not represent a complete pass through the zone. The surface projection of the zone corresponds to an area of artisanal workings where multiple sub parallel veins have been shallowly mined within a 35 metre wide northeast trend.

Hole MDL09-073 also contains a 14 metre wide gold intercept, which is interpreted to be the start of an additional sub parallel zone on this section.

Appleton's president Tim Henneberry stated "Appleton management is very pleased with the drill results from our Manalo Gold Project. We are now seeing continuity in an impressive gold zone, thickening with depth. This success is the key to building resources and ounces of gold on the property. Furthermore, the medium and high grade intervals dispersed through the many large lower grade intervals on the Manalo property are common to mines in this region."

The drill results above are part of the 1,806 metre, 15 hole reverse circulation drill program conducted in Fall 2009 focused on the Dialafara target, Manalo Gold Project, Republic of Mali, West Africa where Appleton is earning a 100% interest from Delta Exploration Inc., a wholly-owned subsidiary of Rockgate Capital Corp.

Highlights for the Fall 2009 program include:

Drill Hole

From

(m)

To

(m)

Length

(m)

Fire Assays Au g/t

Check Screen Metallic Assays

Au g/t

MDL-09-059

24

27

3

0.07

0.51

82

87

5

0.05

0.54

116

131

15

0.17

0.47*

 

MDL-09-060

44

51

7

0.10

0.48

 

MDL-09-061

23

28

5

0.11

0.53

 

38

47

9

0.52

0.77*

 

 

 

 

MDL-09-062

39

48

9

1.35

1.03

 

 

 

 

 

 

MDL-09-065

67

74

7

34.97

9.95

including

69

70

1

190.00**

26.51

 

 

 

 

 

 

MDL-09-066

36

40

4

0.50

0.45

 

 

 

 

 

 

MDL-09-067

25

38

13

0.15

0.52

 

 

 

 

 

 

MDL-09-068

18

19

1

3.28

3.44

 

47

48

1

0.48

0.54

 

54

58

4

0.46

0.65

 

86

112

26

0.53

0.51

 

 

 

 

 

 

MDL-09-072

60

73

13

0.06

0.44

 

102

104

2

3.63

2.84

 

 

 

 

 

 

MDL-09-073

68

81

14

0.81

2.06

 

96

121

25

6.27

4.56

including

96

111

15

8.57

4.45

including

104

105

1

99.30***

28.38

including

116

121

5

5.35

5.27

*    intercept correlated to high grade intercept in MDL09-056 reported in NR 09-11 August 11, 2009

**  two fire re-assays of this sample both returned >100 g/t Au

*** two fire re-assays of this sample returned 32.6 and 35.9 g/t Au

Note: Compositing used 0.3 g/t Au cut-off and <3m internal dilution

Drill collar location maps and two cross-sections, all with preliminary zone interpretations, are posted on the Company's website using the following link - http://www.appletonexploration.com/index.php/projects/manalo/113.html

Within the Dialafara northern segment, drill holes MDL09-059, MDL09-061 and MDL09-063 were focused around the high grade intercept in MDL09-056. The drilling helped extend the zone laterally and vertically albeit with low grade values. Holes MDL09-060, MDL09-062 and MDL09-067 were drilled to help define sub parallel gold zones adjacent to the two intercepts in MDL08-036. Multiple sub parallel gold-bearing zones are apparent across a 55 metre wide northwest trend in this area. Holes MDL09-064 through MDL09-066 were drilled under the centre of a 200 metre long northwest trending zone of artisanal workings. Hole MDL09-065 returned a grade of 34.97 g/t Au across 7 metres at a vertical depth of 65 metres. Check screen metallic assays of this same interval returned 7 metres of 9.95 g/t Au. The mineralized trend has been intercepted to date in 6 holes over a strike length of 175 metres with the best intercept from MDL09-065.  MDL09-065 is the southernmost hole of these 6 holes.

Within the Dialafara southern segment, drilling was conducted in three areas of artisanal workings along a strike length of 700 metres. The multiple veins at these sites demonstrate blow-out clusters of northeast trending gold-bearing veins linked by a northwest trending dominant mineralized structure. MDL09-068 explored one area under a series of northeast trending sub parallel veins that have been shallowly mined at surface across a 67 metre wide trend and returned a drill intercept of 26 metres of 0.53 g/t Au. Hole MDL09-069 was drilled below the 18 metres of 3.36 g/t Au intersected in MDL09-054 corresponding to the dominant mineralized structure in that area. Holes MDL09-070 through MDL09-073 were drilled under artisanal workings covering a 130 metre by 90 metre area dominated by a series of northeast trending shallowly mined veins where the continuous gold zone has been discovered.

Quality Control and Assurance

The widths and grades reported are drill intercept widths and may not represent the true width of mineralization. Individual gold assays have not been cut but high grade samples have been separately reported in the table above. Samples are reverse circulation cuttings collected using a cyclone in 1 metre intervals that are riffle split at the drill site. Samples are assayed by fire assay (50 gram charge). Zones of quartz veining and limonite were submitted for check assays by the screen metallic method in order identify the presence and significance of coarse gold in samples. The primary laboratory is ALS Chemex in Bamako, an ISO 17025 certified laboratory. Standard, blank and duplicate samples were inserted throughout the sample sequence as quality control checks. The three highest fire assay values between 46.2 and 190 g/t Au show good reproducibility from 2 subsequent fire assay checks. Both Chris Wild, P.Eng. and Paul Cowley, P.Geo., director of Appleton, are qualified persons for the drilling campaign.

Screen Metallic Comparisons

Screen metallic assaying of lower and intermediate grade fire assayed samples showed similar to better values than original fire assay values. Frequently, screen metallic assaying identified low grade zones undetected by original fire assaying. The three original high grade fire assay samples between 46.2 g/t Au and 190 g/t Au returned 28.38 g/t Au and 26.51 g/t Au, respectively, by screen metallic assay methods, demonstrating the local affects of coarse nuggety gold on the property.

The Company has begun preparation for a follow up drill program expected to commence before the end of March.

About Mali

Mali is the fastest growing gold producing country in Africa. Production in 2007 amounted to 2 million ounces of gold making Mali Africa's third-largest gold producer after South Africa and Ghana. AngloGold Ashanti Limited, one of the largest gold mining companies in the world, has interests in three operating mines in Mali: Sadiola, Yatela and Morila.

On Behalf of the Board of Directors,

"R. Tim Henneberry"

R.Tim Henneberry, P.Geo.

President and CEO

For further information, please contact:

For Investor Relations Information contact:

Tim Henneberry:  (604) 694-0741

Contact Financial Corp.

604.689.7422 Toll Free 1.877.689.7411

Paul Cowley, P.Geo., Director of Appleton Exploration Inc., is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release.

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

Forward-Looking Statements

This press release contains forward-looking statements.  All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.

Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology.  All such forward-looking information and statements are based on certain assumptions and analyses made by the Company's management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances.  These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forward-looking information or statements.  Important factors that could cause actual results to differ from these forward-looking statements include but are not limited to: risks related to the exploration and potential development of the Company's projects, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, as well as those factors discussed in the sections relating to risk factors of the Company set out in the Company's MD&A filed on SEDAR.

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, the reader should not place any undue reliance on forward-looking information or statements.  Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.


November 12, 2009 - Vancouver, British Columbia. Appleton Exploration Inc. (AEX - TSX.V) has commenced the second phase of drilling at the Manalo Gold Project in the Republic of Mali, West Africa. The reverse circulation drill program will initially focus on the Northern and Southern Segments of the Dialafara Zone in areas of high grade gold drill intercepts with the aim to establish zone continuity.

Appleton is earning a 100% interest in the Manalo Gold Project, subject to a 2% Net Smelter Return (NSR) Royalty, from Delta Exploration Inc. ("Delta") a wholly-owned subsidiary of Rockgate Capital Corp. (RGT - TSX.V).

About Mali

Mali is the fastest growing gold producing country in Africa. Production in 2007 amounted to 2 million ounces of gold making Mali Africa's third-largest gold producer after South Africa and Ghana. AngloGold Ashanti Limited, one of the largest gold mining companies in the world, has interests in three operating mines in Mali: Sadiola, Yatela and Morila.

On Behalf of the Board of Directors,

"R. Tim Henneberry"

R.Tim Henneberry, P.Geo.

President and CEO

For further information, please contact:

For Investor Relations Information contact:

Tim Henneberry:  (604) 694-0741

Contact Financial Corp.

604.689.7422 Toll Free 1.877.689.7411

Paul Cowley, P.Geo., Director of Appleton Exploration Inc., is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

October 19, 2009 - Vancouver, British Columbia. Appleton Exploration Inc. (AEX - TSX.V) has begun final preparations for the next phase of drilling at the Mali Gold Project in the Republic of Mali, West Africa. The rainy season in Mali has been longer than normal, delaying start-up of the program. Drilling is scheduled to commence within the first two weeks of November, weather permitting.

Initial reverse circulation drilling will concentrate in the Northern Segment of the Dialafara Zone in the area where high grade gold intercepts were encountered in 2008 and spring 2009 drill programs. The Company also plans to drill other targets on the property.

Appleton currently has working capital of approximately $1.6 million, sufficient funds to carry out this drill program and at least one follow up drill program.

Appleton is earning a 100% interest in the Manalo Gold Project, subject to a 2% Net Smelter Return (NSR) Royalty, from Delta Exploration Inc. ("Delta") a wholly-owned subsidiary of Rockgate Capital Corp. (RGT - TSX.V).

About Mali

Mali is the fastest growing gold producing country in Africa. Production in 2007 amounted to 2 million ounces of gold making Mali Africa's third-largest gold producer after South Africa and Ghana. AngloGold Ashanti Limited, one of the largest gold mining companies in the world, has interests in three operating mines in Mali: Sadiola, Yatela and Morila.

On Behalf of the Board of Directors,

"R. Tim Henneberry"

R.Tim Henneberry, P.Geo.

President and CEO

For further information, please contact:

For Investor Relations Information contact:

Tim Henneberry:  (604) 694-0741

Contact Financial Corp.

604.689.7422 Toll Free 1.877.689.7411

R. Tim Henneberry, P.Geo., President and Director of Appleton Exploration Inc., is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

August 12, 2009 - Vancouver, British Columbia. Appleton Exploration Inc. (AEX - TSX.V) has entered into an Advisory Services Agreement with Byron Capital Markets, a division of Byron Securities Ltd. of Toronto. Pursuant to the terms of the agreement, Byron will act as a nonexclusive business advisor for an initial 4 month term, renewable on monthly basis after the initial term, at a fee of $10,000 per month. The agreement may be terminated by either party upon 30 days written notice.

Byron Capital Markets, a division of Byron Securities Limited, is a Toronto-based institutional investment dealer focused on small and mid market capitalization companies primarily in the energy and mining sectors.  Byron is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and provides companies with a full range of investment banking and advisory services to assist them through their various stages of development and growth.

Under the terms of the agreement, Byron will introduce Appleton to capital market participants  and other strategic investors; provide strategic advice to maximize shareholder value; assist with advice on Appleton's strategic external growth initiatives; make introductions and structure relationships with strategic business partners; assist Appleton with structuring any potential transactions; and assist with any potential financing.

Appleton President Tim Henneberry states "We are very pleased to enter into this advisory business relationship with Byron to assist us in moving our Manalo Gold Project in the Republic of Mali, West Africa forward." Information on the Manalo Gold Project can be found on the Company's website: www.appletonexploration.com.

On Behalf of the Board of Directors,

"R. Tim Henneberry"

R.Tim Henneberry, P.Geo.

President and CEO

For further information, please contact:

For Investor Relations Information contact:

Tim Henneberry:  (604) 694-0741

Contact Financial Corp.

604.689.7422 Toll Free 1.877.689.7411

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

Forward-Looking Statements

This press release contains forward-looking statements.  All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.

Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology.  All such forward-looking information and statements are based on certain assumptions and analyses made by the Company's management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances.  These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forward-looking information or statements.  Important factors that could cause actual results to differ from these forward-looking statements include but are not limited to: risks related to the exploration and potential development of the Company's projects, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, as well as those factors discussed in the sections relating to risk factors of the Company set out in the Company's MD& A filed on SED AR.

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, the reader should not place any undue reliance on forward-looking information or statements.  Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.

June 24, 2009 - Vancouver, British Columbia. Appleton Exploration Inc. (AEX - TSX.V) provides clarification on the high grade intercept in MDL-09-056 on Manalo reported in news release 09-07 dated June 15, 2009.

The reported 10 metre intercept is composed of 4 metres of abundant quartz, followed by 3 metres of metasediment followed by a further 3 metres of abundant quartz from the interval of 53 to 63 metres. The 10 metre interval stands out from the surrounding rock out as a distinct geological zone of alteration and concentration of quartz veining. The individual one metre descriptions and assays are as follows:

 

Metre
from
Metre
to
Rock
type
Quartz vein
fragments
Description
Sample
number
gpt
Au
gpt Au
check
53
54
SSI*
90%
Oxidized, coarse qtz fragments
720428
0.80
54
55
SSI
90%
Oxidized, coarse qtz fragments
720429
0.06
55
56
SSI
50%
Oxidized, coarse qtz fragments
720430
0.14
56
57
SSI
60%
Oxidized, coarse qtz fragments
720431
0.01
57
58
SSI
/
720432
0.01
57
58
Duplicate
720433
0.01
58
59
SSI
/
720434
0.03
59
60
SSI
/
720435
0.05
60
61
SSI
95%
White, coarse qtz fragments, trace of oxidation
720436
1895
1455
61
62
SSI
1%
720437
0.47
0.46
62
63
SSI
90%
Coarse qtz fragments, trace of oxidation
720438
25.1
Three metre interval
640.19
493.89
Ten metre interval
192.17
148.17

*Rock Type SSI is a meta siltstone; qtz is quartz

As part of the QA/QC protocols from ALS Chemex in Bamako samples 720436 and 720437 were re-assayed. Sample 720433 was a duplicate of sample 720432 and forms part of Appleton's internal QA/QC protocols.

The entire 10 metre section is included within the 455 metallic screen check assays currently underway as reported in news release 09-09.

On Behalf of the Board of Directors,

"R. Tim Henneberry"

R.Tim Henneberry, P.Geo., President and CEO

 

For further information, please contact:

For Investor Relations Information contact:

Tim Henneberry:  (604) 694-0741

Contact Financial Corp.

604.689.7422 Toll Free 1.877.689.7411

R. Tim Henneberry, P.Geo., President and Director of Appleton Exploration Inc., is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release.

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


June 24, 2009 - Vancouver, British Columbia. Appleton Exploration Inc. (AEX - TSX.V) has received gold assay results from the final drill holes of its spring 2009 drilling program on the Manalo Gold Project in the Republic of Mali, West Africa.  The final drill holes principally focused on the southern segment of the 3 kilometre long Dialafara gold soil anomaly.

The Company conducted reconnaissance level aircore drilling to step back and broadly test the southern segment of the Dialafara gold soil anomaly, which covers an area of 1.8 kilometres x 300 metres. To date the southern segment has received only limited and selective cluster drilling. Five 200 metre long transects of multiple shallow, angled aircore drill holes prospected for additional gold-bearing structures to those discovered by previous drilling. The transects were spaced 200 to 500m apart to cover a strike length of 1.5km of the anomaly and totaled 54 holes. The drilling has been successful in identifying corridors of  quartz veining on the southernmost four transects and provides a framework for follow-up closer spaced drilling. Highlights include: AC-09-93 on Transect 5 with 1.50 gpt Au across 8.0 metres, AC-09-61 on Transect 2 intersecting 7.53 gpt Au over 1 metre and AC-09-75 on Transect 4 intersecting 0.72 gpt Au over 3 metres.

Also within the southern segment of the Dialafara gold anomaly two additional RC holes were drilled to test the southeast projection of holes MDL-09-053 and MDL-09-054, which encountered 10 metres of 1.53 gpt Au and 10 metres of 5.03 gpt Au, respectively, reported in NR 09-06. Holes MDL-09-057 and MDL-09-058 encountered abundant quartz throughout their lengths. Hole MDL-09-057 was abandoned at 51 metres due to poor ground conditions. Hole MDL-09-058 was collared immediately behind Hole MDL-09-057 and was completed to a depth of 87 metres. Hole MDL-09-057 returned a 3.0 metre interval of 0.81 gpt Au. Hole MDL-09-058 returned a 9.0 metre interval grading 0.72 gpt Au. Further drilling will be required before estimates of true thickness can be made.

Results from the lower core segment of Hole MDL-09-056, the upper part of which was reported in NR 09-07 last week have been received. The drill core section of this hole tested the down dip extension in MDL-08-036, which was 16 metres of 15.64 gpt Au. The interpreted down dip extension in MDL-09-056 returned 11.5 metres grading 1.27 gpt Au from 138.2 to 149.7 metres in the hole.

Appleton President Tim Henneberry states "We have made great progress on Manalo's evaluation in terms of new significant gold intercepts and geological understanding from our spring 2009 drill program. Once the rainy season is over in Mali we plan to return for a fall 2009 drill program on the Dialafara anomaly as well as the other large gold anomalies on the Manalo permit."

The Company has instructed Mr. Christopher J. Wild, P.Eng., the project QP, to initiate a check assay program on all significant mineralized zones encountered during the spring 2009 drilling program, including MDL-09-056, to verify anomalous results.  ALS Chemex in Bamako, Mali will complete metallic assays on approximately 455 individual samples from the program with final results expected to be provided to the Company in mid July. At that time the Company intends to provide a complete summary of the program.

Maps of the current exploration program are available for viewing on the Company's website at www.appletonexploration.com.

The drilling program was conducted under the supervision of Mr. Christopher J. Wild, P. Eng., a Qualified Person as defined in National Instrument 43-101.  QA/QC protocols of standards, duplicates and blanks were incorporated in the sampling program. Assaying is being completed by ALS Chemex in Bamako, Mali.

Appleton is earning a 100% interest in the Manalo Gold Project, subject to a 2% Net Smelter Return (NSR) Royalty, from Delta Exploration Inc. ("Delta") a wholly-owned subsidiary of Rockgate Capital Corp. (RGT - TSX.V).

About Mali

Mali is the fastest growing gold producing country in Africa. Production in 2007 amounted to 2 million ounces of gold making Mali Africa's third-largest gold producer after South Africa and Ghana. AngloGold Ashanti Limited, one of the largest gold mining companies in the world, has interests in three operating mines in Mali: Sadiola, Yatela and Morila.

On Behalf of the Board of Directors,

"R. Tim Henneberry"

R.Tim Henneberry, P.Geo.

President and CEO

For further information, please contact:

For Investor Relations Information contact:

Tim Henneberry:  (604) 694-0741

Contact Financial Corp.

604.689.7422 Toll Free 1.877.689.7411

R. Tim Henneberry, P.Geo., President and Director of Appleton Exploration Inc., is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release.

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

Forward-Looking Statements

This press release contains forward-looking statements.  All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.

Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology.  All such forward-looking information and statements are based on certain assumptions and analyses made by the Company's management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances.  These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forward-looking information or statements.  Important factors that could cause actual results to differ from these forward-looking statements include but are not limited to: risks related to the exploration and potential development of the Company's projects, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, as well as those factors discussed in the sections relating to risk factors of the Company set out in the Company's MD&A filed on SEDAR.

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, the reader should not place any undue reliance on forward-looking information or statements.  Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.



 

June 16, 2009 - Vancouver, British Columbia. Appleton Exploration Inc. (AEX - TSX.V) reports that Karl Kottmeier has stepped down as a director of the Company.   The Board of Directors would like to thank him for his services to the Company.

On Behalf of the Board of Directors,

"R. Tim Henneberry"

R.Tim Henneberry, P.Geo.,

President and CEO

For further information, please contact:

For Investor Relations Information contact:

Tim Henneberry:  (604) 694-0741

Contact Financial Corp.

604.689.7422 Toll Free 1.877.689.7411

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

June 15, 2009- Vancouver, British Columbia. Appleton Exploration Inc. (AEX - TSX.V) has received fur ther gold assay results from the 2009 reverse circulation drilling program on the Manalo Gold Project in the Republic of Mali, West Africa. MDL-09-056 has returned 192 grams per tonnes Au (6.17oz/t) over a 10 metre quartz rich zone including 640 gpt Au (20.58oz/t) over 3 metres. These values were confirmed in the lab QA/QC checks, which gave values of 148 gpt Au over 10 metres, including 493 gpt Au over 3 metres. Appleton has requested a second re-assay of the pulps, a resplit of the coarse rejects and also has submitted a second split from the original reverse circulation field samples for the 3 metre interval.

The intercept appears to be a new zone 50 metres to the east of the intercept in previously reported drill hole DL-36 of 15.64 gpt over 16.0 metres. The azimuth of MDL-09-056 was drilled perpendicular to the interpreted trend of mineralization in this sector of the permit and at a dip of -55o. The intercept is near surface, between 53.0 and 63.0 metres down hole. Company geologists are working on interpretations and correlations with other holes. Assays for the remaining holes for the 2009 reverse circulation program are pending.

"With such a spectacular near surface intercept, the Manalo project is looking extremely encouraging" states Appleton President Tim Henneberry.

The drilling program is being conducted under the supervision of Mr. Christopher J. Wild, P. Eng., a Qualified Person as def ined in National Instrument 43-101. QA/QC protocols of standards, duplicates and blanks are being incorporated in the sampling program. Assaying is being completed by ALS Chemex in Bamako, Mali.

Appleton is earning a 100% interest in the Manalo Gold Project, subject to a 2% Net Smelter Return (NSR) Royalty, from Delta Exploration Inc. ("Delta") a wholly-owned subsidiary of Rockgate Capital Corp. (RGT - TSX.V).

About Mali

Mali is the fastest growing gold producing country in Africa. Production in 2007 amounted to 2 million ounces of gold, making Mali Africa's third-largest gold producer after South Africa and Ghana. AngloGold Ashanti Limited, one of the largest gold mining companies in the world, has interests in three operating mines in Mali: Sadiola, Yatela and Morila.

On Behalf of the Board of Directors,

"R. Tim Henneberry"

R.Tim Henneberry, P.Geo., President and CEO

For further information, please contact:

For Investor Relations Information contact:

Tim Henneberry: (604) 694-0741

Contact Financial Corp.

604.689.7422 Toll Free 1.877.689.7411

R. Tim Henneberry, P.Geo., President and Director of Appleton Exploration Inc., is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


June 3, 2009 - Vancouver, British Columbia. Appleton Exploration Inc. (AEX - TSX.V) has received its first gold assay results from the 2009 drilling program on the Manalo Gold Project in the Republic of Mali, West Africa. The first fifteen reverse circulation holes with selective coring all intersected gold mineralization. DL-09-041 returned 36.4 gpt Au over 1 metre; DL-09-042 returned 2.55 gpt Au over 7.5 metres; and DL-09-054 returned 5.03 gpt Au over 10 metres. The 2009 drill program continues.

The main thrust of the 2009 drilling program has been to further evaluate the large (3km x 0.5km) Dialafara gold soil anomaly, which has previously produced drill intercepts such as 15.64 gpt Au across 16.0m and 29.07 gpt Au across 6.0m. Additional reconnaissance footage has been allocated to test previously untested sub-parallel gold soil anomalies.

The drilling has focused on the northern and southern segments of the Dialafara Anomaly. Holes DL-09-041 to DL-09-052 concentrated on the 700 metre long northern segment to follow up drill intercepts of 15.64 gpt Au across 16.0m, 1.61 gpt Au across 16.0m and 2.26 gpt Au across 10.0m. These twelve angled holes encompassed 1272 metres of reverse circulation drilling and 264 metres of core drilling. Holes DL-09-053 to DL-09-055 concentrated in the southern segment of the Dialafara Anomaly to follow up drill intercepts of 29.07 gpt Au across 6.0m, 9.57 gpt Au across 9.0m and 1.71 gpt Au across 19.0m.

Northern Segment Drilling

Dialafara Drill Highlights - Northern Segment

DH
Sample From (m) To (m) Length (m) Au (gpt)
DL-09-041
RC 48.0 49.0 1.0 36.40

Core 108.5 109.5 1.0 1.21

Core 118.2 121.3 3.1 0.88
DL-09-042
Core 125.7 126.7 1.0 5.48

Core 132.2 139.7 7.5 2.55

Including 136.7 137.7 1.0 10.92
DL-09-043
RC 33.0 38.0 5.0 1.09

Including 35.0 36.0 1.0 4.85
DL-09-044
RC 43.0 46.0 3.0 0.90
DL-09-045
RC 27.0 28.0 1.0 0.65
DL-09-046
RC 94.0 95.0 1.0 1.18

RC 139.0 144.0 5.0 1.34
DL-09-047
RC 51.0 54.0 3.0 0.31
DL-09-048
RC 43.0 49.0 6.0 0.67

RC 70.0 71.0 1.0 1.12

RC 95.0 96.0 1.0 1.30
DL-09-049
RC 66.0 77.0 11.0 1.14
DL-09-050
RC 58.0 62.0 4.0 0.61
DL-09-051
RC 25.0 26.0 1.0 0.32
DL-09-052 RC 21.0 24.0 3.0 1.89

The drilling in the northern segment of the Dialafara Anomaly demonstrates the presence of multiple steeply dipping northwest trending quartz-gold bearing structures for an approximate strike length of 700m within Birimian sediments.  The drill results correlate well with the previous two intersections of 1.61 gpt Au over 16 metres in DL-08-032 and 2.26 gpt Au over 10 metres in DL-08-036. Drilling in the area of the deeper silicified zone mineralization in DL-08-036 (15.64 gpt Au over 16 metres) intersected 2.55 gpt Au over 7.5 metres in DL-09-042. All holes were drilled at -55 suggesting the widths reported are approximately 70% to 75% of true width. The grades intercepted are comparable to grades at producing gold mines in Birimian rocks of Western Africa.

03-June-2009_NR

 

Southern Segment Drilling

Dialafara Drill Highlights - Southern Segment

DH Sample From (m) To (m) Length (m) Au (gpt)
DL-09-053 RC 43.0 53.0 10.0 1.58
DL-09-054 RC 36.0 54.0 18.0 3.32
Including 36.0 46.0 10.0 5.03
Including 36.0 39.0 3.0 10.37
DL-09-055 RC 13.0 14.0 1.0 1.18
RC 18.0 19.0 1.0 1.40

Three reverse circulation holes were completed in the southern segment of Dialafara Anomaly with highlights shown above. Preliminary mapping has shown that the Dialafara South Area exhibits two dominant trends: the dominant NNW trend and a secondary NE trend. Previous drilling concentrated on the secondary structural trend. Holes DL-09-053 and DL-09-054 were drilled to the south and DL-09-055 was drilled to the north to intersect both the NNW and NE structures. All three holes intersected abundant quartz throughout their length. DL-09-053 intersected 1.58 gpt Au over 10 metres and DL-09-054 intersected 5.03 gpt Au over 10 metres. Further drilling will be required before estimates of true thickness can be made.

Drilling in the Dialafara southern segment is still in progress. Five transects of angled reverse circulation drilling  will be completed across the full width of the 1700 metre long by 400 to 600 metre wide gold-in-soil anomaly to prospect for additional quartz-gold bearing structures and assist in correlating mineralized intercepts in this wide gold soil anomaly.

Reconnaissance RC Drilling

The reconnaissance RC program consisted of a number of lines or fences consisting of a continuous series of angle holes across the width of the gold-in-soil anomaly. The objective of the program is to prospect for gold bearing quartz structures that may be the source of the gold anomaly. Results have been received for three lines.

Drill Transect Line NW 1 consisted of 11 angled holes totaling 582 metres located 800 metres north of the Dialafara Zone where soil values reach  +1 gpt Au. Holes AC-09-01 through AC-09-06 intersected gold with hole AC-09-01 encountering a 29.0 m zone of mineralization with values to 0.82 gpt Au over individual 1 metre samples. Hole AC-09-03 intersected 1.25 gpt Au and 1.23 gpt Au each over 1m. Further drilling is required to follow up on these excellent results.

Drill Transect Lines NE 1 and NE 2 tested the Dialafara East Anomaly, a 1.0km long gold soil sub-parallel anomaly located 2.2km northeast of the Dialafara Zone. Two lines, spaced 450 metres apart were completed; Line NE 1 - 16 holes, 4 28 metres and Line NE 2 - 14 holes, 374 metres. The last two holes on Line NE 2 intersected gold mineralization of 3.04 gpt Au across 2.0 m and 0.25 gpt across 7.0m.

The drilling program is being conducted under the supervision of Mr. Chris Wilde, P. Eng., a Qualified Person as defined in National Instrument 43-101.  QA/QC protocols of standards, duplicates and blanks are being incorporated in the sampling program. Assaying is being completed by ALS Chemex in Bamako, Mali.

The assay results from the northern and southern segments of the Dialafara Anomaly are very encouraging and demonstrate multiple gold bearing quartz structures that have gold grades similar to those from producing Western African Birimian gold mines. Additional drilling will be required to establish zone correlation and grade continuity.

Appleton is earning a 100% interest in the Manalo Gold Project, subject to a 2% Net Smelter Return (NSR) Royalty, from Delta Exploration Inc. ("Delta") a wholly-owned subsidiary of Rockgate Capital Corp. (RGT - TSX.V).

About Mali

Mali is the fastest growing gold producing country in Africa. Production in 2007 amounted to 2 million ounces of gold making Mali Africa's third-largest gold producer after South Africa and Ghana. AngloGold Ashanti Limited, one of the largest gold mining companies in the world, has interests in three operating mines in Mali: Sadiola, Yatela and Morila.

On Behalf of the Board of Directors,

"R. Tim Henneberry"

R.Tim Henneberry, P.Geo.

President and CEO

For further information, please contact:

For Investor Relations Information contact:

Tim Henneberry:  (604) 694-0741

Contact Financial Corp.

604.689.7422 Toll Free 1.877.689.7411

R. Tim Henneberry, P.Geo., President and Director of Appleton Exploration Inc., is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


April 3, 2009 - Vancouver, British Columbia. Appleton Exploration Inc. (AEX – TSX.V) reports that Karl Kottmeier has been appointed to the Board of Directors of the Company effective immediately. Mr. Kottmeier has over 15 years of experience in the junior equities markets in both Corporate Finance and Investment Advisor roles with McDermid St. Lawrence/Raymond James and Leede Financial Markets, directly participating in raising over $100 million in equity capital for public companies. He is currently President and director of Rockgate Capital Corp., Northrock Resources Inc., Falkirk Resources Inc., Durango Capital Corp., and Rockridge
Capital Corp.

The Company also reports that it has granted 1,125,000 stock options to directors, officers, and consultants of the Company, at an exercise price of $0.14 per share, expiring on April 3, 2014, subject to the terms and conditions of the Company’s stock option plan.

 

On Behalf of the Board of Directors,
“R. Tim Henneberry”
R.Tim Henneberry, P.Geo.
President and CEO


For further information, please contact:
Tim Henneberry: (604) 694-0741

For Investor Relations Information contact:
Contact Financial Corp.
604.689.7422 | Toll Free 1.877.689.7411

 

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

April 2, 2009 - Vancouver, British Columbia. Appleton Exploration Inc. (AEX – TSX.V) reports that pursuant to an agreement whereby the Company may acquire up to a 100% interest in the Manalo Gold Project in Mali (news release dated February 20, 2009), the Company has paid the initial cash payment of US$25,000 and has issued 500,000 units to Delta Exploration Inc. Each unit is comprised of one common share and one share purchase warrant entitling the holder to acquire one additional common share of Appleton at an exercise price of $0.27 per share, prior to April 1, 2011. The securities are subject to a four month hold until August 2, 2009.

The Company also reports that it has closed a non-brokered private placement of 10,010,654 units, priced at $0.07 per unit for gross proceeds of $700,746. Each unit is comprised of one common share and one share purchase warrant entitling the holder to acquire one additional common share of Appleton, at an exercise price of $0.10 per share, prior to April 1, 2010. Securities issued pursuant to the private placement are subject to a four month hold until August 2, 2009. Finders’ fees totalling $65,575 have been paid in conjunction with the private placement. Proceeds of the private placement will be used for general working capital and for acquisition and exploration expenditures on the Manalo Gold Project.

 

On Behalf of the Board of Directors,
“R. Tim Henneberry”
R.Tim Henneberry, P.Geo.
President and CEO


For further information, please contact:
Tim Henneberry: (604) 694-0741

For Investor Relations Information contact:
Contact Financial Corp.
604.689.7422 | Toll Free 1.877.689.7411

 

R. Tim Henneberry, P.Geo. , President, CEO & Director of the Company, is the Qualified Person as defined in
National Instrument 43-101, who has reviewed and approved the technical content of this news release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

March 24, 2009 - Vancouver, British Columbia. Appleton Exploration Inc. (AEX – TSX.V) reports that the Company has amended the non-brokered private placement offering previously announced on February 20, 2009, to increase the number of units offered from 10,000,000 units to 10,010,655 units, priced at $0.07 per unit, for gross proceeds of $700,746, subject to acceptance for filing by the TSX Venture Exchange.

All other terms and conditions of the offering remain the same, with each unit being comprised of one common share and one warrant. Each warrant will entitle the holder to acquire one additional common share at an exercise price of $0.10 per share for 12 months. Finders’ fees and/or commissions may be paid in accordance with TSX Venture Exchange policies.

Securities issued pursuant to the private placement are subject to a four month hold period.

Proceeds of the private placement will be used for general working capital, acquisition and exploration expenditures on the Manalo gold project.

 

On Behalf of the Board of Directors,
“R. Tim Henneberry”
R.Tim Henneberry, P.Geo.
President and CEO


For further information, please contact:
Tim Henneberry: (604) 694-0741

For Investor Relations Information contact:
Contact Financial Corp.
604.689.7422 | Toll Free 1.877.689.7411

 

R. Tim Henneberry, P.Geo. , President, CEO & Director of the Company, is the Qualified Person as defined in
National Instrument 43-101, who has reviewed and approved the technical content of this news release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

February 20, 2009 - Vancouver, British Columbia. Appleton Exploration Inc. (AEX – TSX.V) has signed a Letter of Intent to earn a 100% interest, subject to a 2% Net Smelter Return (NSR) Royalty, from Delta Exploration Inc. (“Delta”) a wholly-owned subsidiary of Rockgate Capital Corp. (RGT – TSX.V) in the Manalo Gold Project in the Republic of Mali, Africa. The agreement is subject to TSX Venture Exchange approval.

Appleton may earn an initial 65% interest by making cash payments of US$50,000 over the next six months, issuing 1.5 million units over the next two years and completing US$2,500,000 in exploration over the next three years. The units are to be issued in three equal tranches and will consist of one common share of Appleton and one 24 month warrant, with each warrant being exercisable at 200% of the 10-day average closing price of the shares ending on the trading day preceding the date of issuance of the units, subject to any minimum price requirements of the TSX Venture Exchange. The first year exploration commitment is US$500,000.

Appleton may earn the remaining 35% interest by making a one time cash payment of CDN$1,500,000 to Delta. At Delta’s sole discretion, Delta may elect to receive the payment in the equivalent value of Appleton units. Appleton must also deliver an independent feasibility study or arrange for production financing prior to the 8th anniversary of TSX Venture Exchange acceptance.

Appleton also has the option to purchase one half of the NSR (1%) for CDN $1,000,000 within the first 12 months of production.

The road accessible Manalo project lies within the Archean Birimain Greenstone Belt of western Africa and consists of three exploration permits totalling 150 square kilometres. The main Manalo permit totalling 75 square kilometres has just been renewed and the other two permits Block 1 and Block 2 are awaiting confirmation of renewal by the government of Mali. The project lies 100 kilometres southwest of Bamako, the capitol, in southwestern Mali.

Delta Exploration Inc. has been exploring the Manalo project since 2004. Property wide airborne geophysics, property wide soil geochemistry and follow up ground geophysics has been conducted, which resulted in the discovery of six gold mineralized areas: Dialafara, Dialafara Nord, Manalo Nord E, Manalo Sud E, Mansaya and Siribada. A total of 15,115 metres of aircore and reverse circulation drilling (156 holes) and 363 metres of diamond drilling (3 holes) has been completed on the property to date.

The following exploration results have been reported by Delta Exploration Inc. in news releases dated January 15, 2008, April 17, 2008, and July 9, 2008.

Dialafara is a 3 kilometre, northwest trending zone consisting of two, steeply dipping quartz vein zones based on 40 drill holes totalling 4,469 metres. The southernmost section has been drill tested along a length of 1,300 metres and to depth of approximately 85 metres. The northernmost zone is offset approximately 500 metres to the east and has been drill tested along a length of 520 metres to depth of 110 metres. Drill intersections to 29.1 gpt Au over 6 metres have been recorded from the vein zones.

Of particular interest is MDL-08-036 which intersected 15.64 gpt Au over the bottom 16 metres in a silicified meta-psammite, mineralized with 2-3% fine grained pyrite.

A strong and persistent, northwesterly striking quartz vein system has been traced by quartz vein rubble crop for approximately 2 kilometres at Dialafara Nord. A total of 974.3 metres were drilled in a series of 8 holes. Drill intersections to 18.65 gpt Au over 1 metre have been recorded from this zone.

Manalo Nord Est consists of a northwesterly striking steep westerly dipping quartz vein zone that has been traced for a length of 500 metres before it trends off the Manalo property to the north. A total of 4,614 metres in 57 holes have tested the zone. Drill intersection highlights include: 18.48 gpt Au over 11 metres in MMN-06-029 and 12.06 gpt Au over 6 metres in MMN-07-012.

The northwesterly striking Manalo Sud Est quartz vein system has been traced 600 metres. Eleven holes totaling 1,057 metres were completed. The best intersection was 0.73 gpt Au over 5 metres from MSE-08-005.

The Mansaya area consists of two gold-in-soil anomalous areas. A total of 905 metres in 9 holes were completed in the north zone. A meta-psammite horizon shows consistent quartz sericite alteration and 1-2% pyrite. Holes MMS-08-007 through MMS-08-012 intersected this horizon with the best intersection of 0.80 gpt Au over 20 metres in MMS-08-008, suggesting a possible bulk tonnage target. Eight holes totaling 774 metres were completed in the southern area, which is more a vein zone. MMS-08-018 returned 10.71 gpt Au over 3 metres, the best value from the 8 holes.

The Sirabada zone consists of an area of extensive artisanal mine workings associated with intense clay alteration. Quartz veins and a pervasively seriticitized psammitic unit were intersected. A total of 2,335 metres were drilled in 21 holes to test gold-in-soil and chargeability anomalies. The results to date indicate gold is erratically distributed throughout the Sirabada zone. The best intersection was 2.61 gpt Au over 2 metres in MSB-08-013.

Appleton also announces that it has arranged a non-brokered private placement of up to 10,000,000 units, priced at $0.07 per unit, for gross proceeds of up to $700,000, subject to acceptance for filing by the TSX Venture Exchange. Each unit is comprised of one common share and one warrant. Each warrant will entitle the holder to acquire one additional common share at an exercise price of $0.10 per share for 12 months.

Finders fees and/or commissions may be paid in accordance with TSX Venture Exchange policies.

Securities issued pursuant to the private placement may be subject to a four month hold period. Proceeds of the private placement will be used for acquisition and exploration expenditures on the Manalo project.

On Behalf of the Board of Directors,
“R. Tim Henneberry”
R.Tim Henneberry, P.Geo.
President and CEO


For further information, please contact:
Tim Henneberry: (604) 694-0741

For Investor Relations Information contact:
Contact Financial Corp.
604.689.7422 | Toll Free 1.877.689.7411

 

R. Tim Henneberry, P.Geo. , President, CEO & Director of the Company, is the Qualified Person as defined in
National Instrument 43-101, who has reviewed and approved the technical content of this news release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

December 22, 2008 - Vancouver, British Columbia. Appleton Exploration Inc. (TSX-V : AEX) has completed the Phase I explor ation program of mapping, sampling and trenching at the Julia copper manto project northeast of Copiapo, Chile. Appleton had entered into an option agreement to earn a 100% interest in the property, subject to a 2% net smelter return royalty. The agreement has been terminated.

The Julia property was being explored for copper mantos hosted within a 10 kilometre long agglomerate – lapilli tuff unit. Mineralization consists primarily of the copper oxide mineral chyrsocolla locally accompanied by chalcocite. The mapping and sampling has identified three areas of bedrock copper mineralization on the Julia property: the Mariel area, the Central area
and the South area. The Phase I mapping and sampling program covered 7 kilometers of the 10 kilometre trend.

In the Mariel area, a single manto has been traced almost continuously for a strike length of 1300 metres. The north end appears to end in very weakly disseminated copper mineralization while the southern end is open to the south. The manto width varies from less than 1 metre to approximately 3.0 metres but averages about 1.5 metres. Mineralized contacts are sharp. Locally, structures (faults or shears) are present that may have had some control on the localization of mineralization. Thirteen hand trenches spaced roughly 60 to 200 metres apart were established across the manto in the Mariel area. Results are presented in the table below. All samples reported in the table are composited bedrock chip samples. Individual chip samples reached a high of 4.171% Cu over 0.50 metres.

 

Mariel Trenching Results
Trench
% Cu
Width ( m )
CH 08-01
0.298
4.0
CH 08-04
0.618
3.4
TR 08-01
0.006
5.0
TR 08-02
0.640
4.0
TR 08-03
0.022
8.0
TR EB-01
1.071
2.0
TR EB-02
0.872
5.1
TR EB-03
0.415
2.6
TR EB-04
0.401
2.5
TR EB-05
0.345
5.8
TR EB-06
0.371
3.0
TR EB-07
0.781
3.2
TR EB-08
1.196
3.4


In the Central area, two sub-parallel mantos, have been traced semi-continuously for at least 900 metres. The mantos appear to lie at the top of agglomerate – lapilli tuff unit. The manto widths vary from less than 1 metre to 3 metres. Four hand trenches roughly 400 metres apart crossed the west (Central W) and east (Central E) mantos in the Central area. Results are reported in the table below. All samples reported in the table are composited bedrock chip samples. Individual chip samples reached as high as 1.395% Cu across 1 metre.

Central Area Trenching Results
Trench
Zone
% Cu
Width (m)
TR 08-04
Central W
0.589
4.0
CH 08-06
Central W
1.107
2.0
TR 08-04b
Central E
0.866
2.0
CH 08-05
Central E
0.035
3.0

 

The mapping and sampling program was implemented and supervised by Steve Butrenchuk, P. Geol. with the assistance of Ed Balon, P.Geo. Both Mr. Butrenchuk and Mr. Balon are Qualified Persons as defined in National Instrument 43-101. QA/QC protocols of standards and blanks were incorporated in the sampling program. Assaying was completed by Acme Analytical Laboratories S.A. in Santiago, Chile.

 

On Behalf of the Board of Directors,
“R. Tim Henneberry”
R.Tim Henneberry, P.Geo.
President and CEO


For further information, please contact:
Tim Henneberry: (604) 694-0741

For Investor Relations Information contact:
Contact Financial Corp.
604.689.7422 | Toll Free 1.877.689.7411

 

R. Tim Henneberry, P.Geo. , President, CEO & Director of the Company, is the Qualified Person as defined in
National Instrument 43-101, who has reviewed and approved the technical content of this news release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

November 20, 2008 - Vancouver, British Columbia. Appleton Exploration Inc. (TSX-V: AEX) reports that Terry Kirby has stepped down as a director of the Company. The Board of Direc tors would like to thank him for his services to the Company.

 

On Behalf of the Board of Directors,
“R. Tim Henneberry”
R.Tim Henneberry, P.Geo.
President and CEO


For further information, please contact:
Tim Henneberry: (604) 694-0741

For Investor Relations Information contact:
Contact Financial Corp.
604.689.7422 | Toll Free 1.877.689.7411

 

R. Tim Henneberry, P.Geo. , President, CEO & Director of the Company, is the Qualified Person as defined in
National Instrument 43-101, who has reviewed and approved the technical content of this news release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

November 14, 2008 - Vancouver, British Columbia. Appleton Exploration Inc. (TSX-V : AEX) reports that it has granted 620,000 stock options to directors, officers, and consultants of the Company, at an exercise price of $0.20 per share, expiring on November 14, 2013, subject to the terms and conditions of the Company’s stock option plan.

Further to the Company’s news release dated September 26, 2008 announcing the closing of the sale of 5,025,000 units of the Company, which comprised the first tranche of a brokered private placement with Canaccord Capital Corpo ration of up to 10,000,000 units at $0.20 per unit, the Company reports that there will be no additional closings.

 

On Behalf of the Board of Directors,
“R. Tim Henneberry”
R.Tim Henneberry, P.Geo.
President and CEO


For further information, please contact:
Tim Henneberry: (604) 694-0741

For Investor Relations Information contact:
Contact Financial Corp.
604.689.7422 | Toll Free 1.877.689.7411

 

R. Tim Henneberry, P.Geo. , President, CEO & Director of the Company, is the Qualified Person as defined in
National Instrument 43-101, who has reviewed and approved the technical content of this news release.

The TSX Venture Exchange has not reviewed and does not accept responsibility f or the adequacy or accuracy of this release.

Vancouver, BC – September 26, 2008 – Appleton Exploration Inc. (AEX-TSX:V) (the "Company") is pleased to announce that it has closed the first tranche of a brokered private placement announced on July 14, 2008 with Canaccord Capital Corporation ("Canaccord" or the “Agent”) consisting of 5,025,000 units (the "Units") at a price of $0.20 per Unit for gross proceeds of $1,005,000 (the “Offering”). Each Unit consists of one common share and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to subscribe for one additional common share at a price of $0.30 for a period of 12 months from the date of closing. Subject to certain conditions, the Company is entitled to provide 30 day notice of an accelerated expiry date for the Warrants, should the 20 day weighted average trading price of the Company’s shares during the term of the Warrant exceed $0.60 per share.

As consideration to the Agent, the Company has paid a commission of 8% of the total proceeds raised and issued Agent's warrants ("Agent's Warrants") equal to 10.0% of the Units issued pursuant to this Offering. Each Agent's Warrant will be exercisable to acquire one common share at a price of $0.25 for a period of 24 months from the date of closing. In addition, C anaccord has been paid a corporate finance fee.

The securities are subject to a four month hold period from the date of closing.

The net proceeds raised from the Units will be used to fund exploration of its mineral properties in Chile.

For further information, please contact:
On Behalf of the Board of Directors,
R.Tim Henneberry, P.Geo.
President and CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


NOT FOR DISSEMINATION IN THE UNITED STATES OR VIA U.S. NEWSWIRE SERVICES.

August 21, 2008 - Vancouver, British Columbia. Appleton Exploration Inc. (TSX-V : AEX) has uncovered three additional high priority low sulphidation epithermal precious metal targets from its 2008 excavator trenching program on its Dora epithermal gold property, part of its Spences Bridge Gold Project, south of Merritt, B.C. Bedrock chip sampling from the June 2008 trenching program has returned values of 2.54 grams per tonne (gpt) Au over two metres in the F1 Zone, 2.74 gpt Au over four metres in the F2 Zone and 0.622 gpt Au over three metres in the EB Zone, to compliment the previously reported 0.919 gpt Au over six metres in the G1 Zone from the 2007 program.

The Phase I 2008 exploration program concentrated on five areas, following up on gold-in-soil anomalies described in news release 08-04 dated February 28, 2008. The program consisted of detailed prospecting of the soil grid, continuous soil channel sampling and bedrock excavator trenching.

The F1 Zone was discovered by following up the grid soil geochemistry. Three excavator trenches and 5 bedrock chip lines were completed over an area of 180 metres by 25 metres. The sampling concentrated on a brecciated and intensely silicified rhyolite dome ranging from 1 to 25 metres in width. Sulphide content ranges from trace to 3%, predominantly pyrite. The centre part of the F1 Zone yielded bedrock gold values in excess of 1 gpt from three east-west sample lines 10 and 20 metres apart. Chip sampling returned 1.23 gpt over one metre, 2.54 gpt over two metres and 1.20 gpt over one metre.

Excavator trenching in the F2 Zone followed up on earlier continuous soil channel sampling that included 19 metres at 2993 ppb Au. Three trenches totalling 92 lineal metres were opened in 2008. Again, silicified and brecciated rhyolite and andesite bedrock was encountered. One trench identified a four metre section with individual one metre samples ranging from 243 ppb Au to 7.86 gpt Au, averaging 2.74 gpt Au, verifying the earlier continuous soil channel trenching results.

Prospecting of mid-level anomalous gold-in-soil values lead to the discovery of the EB Zone at the northern end of anomaly G by following up chalcedonic quartz float. Excavator trenching located a series of epithermal chalcedonic quartz veins, originally described in news release 08- 08 dated June 13, 2008. Twenty-one of the seventy-two continuous one metre bedrock chip samples returned values in excess of 100 ppb Au. One 3-metre interval averaged 0.622 gpt Au.

Two excavator trenches tested the A2 zone, an area of altered andesite. Continuous one metre bedrock chip sampling highlighted a six metre section averaging 0.329 gpt Au, including 0.708 gpt over 1.5 metres. This higher grade section contained thin quartz stringers.

The F1 Zone is roughly 400 metres north of the F2 Zone along linear soil anomaly F. The EB Zone is about 800 metres north of the G1 Zone along linear soil anomaly G. Linear soil anomalies F and G are sub-parallel and lie approximately 600 metres apart.

The success of the 2008 Phase I excavator trenching program in the F1, F2 and EB zones, combined with the earlier success of the 2007 Phase II excavator program in the G1 zone (see news release 08-02 dated January 15, 2008) has generated several high priority low sulphidation epithermal gold targets on the Dora Property. The Company plans to drill test the best zones
later in the fall.

The 2008 Spences Bridge Gold Belt project program was conducted by Steve Butrenchuk, P.Geol., under the supervision of R. Tim Henneberry, P.Geo. Mr. Butrenchuk and Mr. Henneberry are both Qualified Persons as defined in National Instrument 43-101. All assaying was conducted by Eco Tech Laboratories Ltd. in Kamloops, British Columbia. QA/QC protocols, including duplicates and standards, were employed.

 

On Behalf of the Board of Directors,
“R. Tim Henneberry”
R.Tim Henneberry, P.Geo.
President and CEO


For further information, please contact:
Tim Henneberry: (604) 694-0741

For Investor Relations Information contact:
Contact Financial Corp.
604.689.7422 | Toll Free 1.877.689.7411

 

R. Tim Henneberry, P.Geo. , President, CEO & Director of the Company, is the Qualified Person as defined in
National Instrument 43-101, who has reviewed and approved the technical content of this news release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

July 31, 2008 - Vancouver, British Columbia. Appleton Exploration Inc. (TSXV:AEX) reports the Company has closed the final tranche of a non-brokered private placement offering of 1,500,000 units, priced at $0.20 per unit, for gross proceeds of up to $300,000, previously announced on July 14, 2008. At the closing of the final tranche, the Company issued 150,000 units for proceeds of $30,000. Each unit is comprised of one common share and one warrant, with each whole warrant entitling the holder to acquire one additional common share at an exercise price of $0.30 per share, prior to July 30, 2009. If at any time during the period of the warrant the 20 day weighted average of the market price of the shares exceeds $0.60 per share, the Company may request the exercise of the warrants.

Securities issued pursuant to the final tranche of the private placement are subject to a four month hold period until December 1, 2008.

Proceeds of the private placement financing will be used for exploration expenditures on the Company’s British Columbia projects and for general working capital.

 

On Behalf of the Board of Directors,
“R. Tim Henneberry”
R.Tim Henneberry, P.Geo.
President and CEO


For further information, please contact:
Tim Henneberry: (604) 694-0741

For Investor Relations Information contact:
Contact Financial Corp.
604.689.7422 | Toll Free 1.877.689.7411

 

R. Tim Henneberry, P.Geo. , President, CEO & Director of the Company, is the Qualified Person as defined in
National Instrument 43-101, who has reviewed and approved the technical content of this news release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

July 25, 2008 - Vancouver, British Columbia. Appleton Exploration Inc. (TSXV:AEX) reports the Company has closed the first tranche of a non-brokered private placement offering of 1,500,000 units, priced at $0.20 per unit, for gross proceeds of up to $300,000, previously announced on July 14, 2008. In the first closing the Company has completed the issuance of 1,350,000 units for gross proceeds of $270,000. Each unit is comprised of one common share and one warrant, with each whole warrant entitling the holder to acquire one additional common share at an exercise price of $0.30 per share, prior to July 24, 2009. If at any time during the period of the warrant the 20 day weighted average of the market price of the shares exceeds $0.60 per share, the Company may request the exercise of the warrants.

Securities issued pursuant to the private placement are subject to a four month hold period until November 25, 2008.

Proceeds of the private placement financing will be used for exploration expenditures on the Company’s British Columbia projects and for general working capital.

 

On Behalf of the Board of Directors,
“R. Tim Henneberry”
R.Tim Henneberry, P.Geo.
President and CEO


For further information, please contact:
Tim Henneberry: (604) 694-0741

For Investor Relations Information contact:
Contact Financial Corp.
604.689.7422 | Toll Free 1.877.689.7411

 

R. Tim Henneberry, P.Geo. , President, CEO & Director of the Company, is the Qualified Person as defined in
National Instrument 43-101, who has reviewed and approved the technical content of this news release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

July 14, 2008 - Vancouver, British Columbia. Appleton Exploration Inc. (TSXV:AEX) reports the Company has amended the non-brokered private placement offering previously announced on July 2, 2008, to decrease the number of units offered from 5,000,000 units to 1,500,000 units, priced at $0.20 per unit, for gross proceeds of up to $300,000, subject to acceptance for filing by the TSX Venture Exchange. Each unit is comprised of one common share and one warrant, with each whole warrant entitling the holder to acquire one additional common share at an exercise price of $0.30 per share, for a period of one year from the date of closing. If at any time during the period of the warrant the 20 day weighted average of the market price of the shares exceeds $0.60 per share, the Company may request the exercise of the warrants.

Securities issued pursuant to the private placement are subject to a four month hold period.

Proceeds of the private placement financing will be used for exploration expenditures on the Company’s British Columbia projects and for general working capital.

In an unrelated matter, Terry Kirby has been appointed to the Board of Directors effective immediately. Mr. Kirby brings public company experience to the Board, having previously served as an officer and/or director of several mineral exploration companies with properties in British Columbia and Mexico. A Vancouver-based businessman, Mr. Kirby has also served as an executive officer of industrial service sector companies.

 

On Behalf of the Board of Directors,
“R. Tim Henneberry”
R.Tim Henneberry, P.Geo.
President and CEO


For further information, please contact:
Tim Henneberry: (604) 694-0741

For Investor Relations Information contact:
Contact Financial Corp.
604.689.7422 | Toll Free 1.877.689.7411

 

R. Tim Henneberry, P.Geo. , President, CEO & Director of the Company, is the Qualified Person as defined in
National Instrument 43-101, who has reviewed and approved the technical content of this news release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Vancouver, BC – July 14, 2008 – Appleton Exploration Inc. (AEX:TSXV) (the “Company”) is pleased to announce that it has negotiated a private placement with Canaccord Capital Corporation (the “Agent”) of 10,000,000 units (the “Units”) at a price of $0.20 per Unit (the “Offering”). A Unit will consist of one common share and one common share purchase warrant (a “Warrant”). Each whole Warrant will entitle the holder to subscribe for one additional common share at a price of $0.30 for a period of 12 months from the date of closing. If at any time during the period of the warrant the 20 day weighted average of the market price of the shares exceeds $0.60 per share, the Company may request the exercise of the warrants.

As consideration to the Agent, the Company will pay a commission of 8.0% of the total proceeds raised upon closing and will issue Agent's warrants ("Agent's Warrants") equal to 10.0% of the Units issued pursuant to this Offering. Each Agent's Warrant will be exercisable to acquire one common share at a price of $0.25 for a period of 24 months from the date of closing. In addition, Canaccord will receive a corporate finance fee. Finders’ fees may be paid in accordance with TSX Venture Exchange policy.

The net proceeds raised from the Units will be used to fund exploration of its mineral properties in Chile and for general working capital. Completion of the placement is subject to the approval of the TSX Venture Exchange. Securities issued pursuant to the private placement are subject to a four month hold period.

 

For further information, please contact:
On Behalf of the Board of Directors,
R.Tim Henneberry, P.Geo.
President and CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release

NOT FOR DISSEMINATION IN THE UNITED STATES OR VIA U.S. NEWSWIRE SERVICES.

 

July 2, 2008 - Vancouver, British Columbia. Appleton Exploration Inc. (TSXV:AEX) has arranged a non-brokered private placement offering of up to 5,000,000 units priced at $0.20 per unit, for gross proceeds of up to $1,000,000, subject to acceptance for filing by the TSX Venture Exchange. Each unit is comprised of one common share and one warrant, with each warrant entitling the holder to acquire one additional common share at an exercise price of $0.30 per share, for one year. If at any time during the period of the warrant the 20 day moving average of the market price of the shares exceeds $0.45 per share, the Company may request the exercise of the warrants.

Finder fees and/or commissions may be paid in accordance with TSX Venture Exchange policies.

Securities issued pursuant to the private placement are subject to a four month hold period.

Proceeds of the private placement financing will be used for exploration expenditures on the Company’s British Columbian and Chilean projects and for general working capital.

 

On Behalf of the Board of Directors,
“R. Tim Henneberry”
R.Tim Henneberry, P.Geo.
President and CEO


For further information, please contact:
Tim Henneberry: (604) 694-0741

For Investor Relations Information contact:
Contact Financial Corp.
604.689.7422  |   Toll Free 1.877.689.7411

 

R. Tim Henneberry, P.Geo. , President, CEO & Director of the Company, is the Qualified Person as defined in
National Instrument 43-101, who has reviewed and approved the technical content of this news release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

June 30, 2008 - Vancouver, British Columbia. Further to its news release of March 4, 2008, whereby Appleton Exploration Inc. (TSX-V: AEX) announced that it had entered into a letter of intent for the purpose of acquiring the Chilean subsidiary of ProElement Resources Corp. (“ProElement”), Appleton has now entered into an assignment agreement (the “Agreement”) on the Julia and Perth/Caliza properties in Region III of Chile, terminating the original agreement dated March 4, 2008.

Under the terms of the Agreement, Appleton will earn a 100% interest, subject to 2% Net Smelter Return (NSR) royalties in the properties by making cash payments directly to the Chilean vendors of the respective properties totaling US$2,059,000 and by issuing 2,000,000 common shares to ProElement over two years under the following schedule, subject to TSX Venture Exchange approval:


Cash Payments:

  • $100,000 payable on or before the date of signing of this agreement;
  • $509,000 on or before the first anniversary of the Effective Date; and
  • $1,450,000 on or before the second anniversary of the Effective Date.


Share Payments:

  • 1,000,000 common shares of Appleton issuable on or before the date that is the later of 5 business days from the Effective Date or the date of TSX Venture Exchange Approval;
  • 500,000 additional common shares of Appleton issuable on or before the first anniversary of the Effective Date; and
  • 500,000 additional common shares of Appleton issuable on or before the second anniversary of the Effective Date.



The cash payments are directly tied to the various underlying property agreements negotiated by ProElement with the Chilean Vendors. Should any of the properties be dropped, the cash payments will be adjusted accordingly.

Two of the three parcels comprising the Julia property are subject to 2% NSR royalties. Appleton can purchase these royalties in their entirety for an aggregate consideration of $4 million at any time within the next 72 to 84 months from the date of the option agreement. The third Julia parcel has no NSR associated with it. The two Perth/Caliza parcels are subject to 2% NSR royalties. Appleton can purchase the entire royalty of one parcel for $100,000 at any time within the next 36 months. The NSR royalty on the sec ond parcel has no buyout provision.

The Agreement is subject to a title opinion in a form acceptable to Appleton confirming that ProElement has good and marketable title to the Properties.

Technical due diligence on the properties has been carried out under the direction and supervision of Steve Butrenchuk, P.Geol., an independent Qualified Person as defined in National Instrument 43-101. The due diligence program consisted of preliminary mapping and verification sampling. QA/QC protocols of standards and blanks were incorporated in the sampling program. Assaying was completed by Acme Analytical Laboratories S.A. in Santiago, Chile.

The Julia property hosts agglomerate-hosted copper mantos. Artisanal workings 4.5 kilometres apart are located on copper mantos within an 8 kilometre long continuous, agglomerate – lapilli tuff unit.

Enami (the exploration arm of Chile’s national copper company) examined the property in 1970, completing geological mapping and drainage and contour soil sampling. This soil sampling shows elevated copper values down slope of the agglomerate – lapilli tuff along the entire 8 kilometre length of the unit tested by Enami. This program also showed elevated copper soil values associated with additional agglomerate – lapilli tuff units higher in the volcanic sequence.

Historical chip and grab sampling returned values ranging from 1.37% to 5.19% total copper. Appleton verification rock chip and rock grab sampling of the mantos returned values ranging from 0.79% to 4.47% copper, with 21 of the 26 samples returning values in excess of 1% copper. Sampling concentrated on a 1 kilometre long manto near the northern end of the agglomerate –lapilli tuff and a 1.8 kilometre long manto in the central part of the property. Further exploration may show these two mantos are in fact one continuous manto.

The Perth/Caliza property hosts iron oxide copper-gold (IOCG) vein swarms within a metamorphic terrain proximal to a granite batholith. Artisanal workings are found throughout the area. Historic grab rock sampling returned values ranging from 0.01 to 10.7 grams per ton gold and 0.02% to 1.7% copper. Appleton verification rock chip and rock grab sampling returned values ranging from 0.04 gpt to 13.8 gpt gold and 86 ppm to 10,000 ppm copper (0.009% to 1%). One sample returned a value of 57.4 gpt gold. Fourteen of the 83 samples taken returned values greater than 10,000 ppm copper (> 1% Cu). Copper assays for these fourteen samples are pending. Cobalt values ranged from 20 to 2000 ppm.

 

On Behalf of the Board of Directors,
“R. Tim Henneberry”
R.Tim Henneberry, P.Geo.
President and CEO


For further information, please contact:
Tim Henneberry: (604) 694-0741

For Investor Relations Information contact:
Contact Financial Corp.
604.689.7422 Toll Free 1.877.689.7411

 

R. Tim Henneberry, P.Geo. , President, CEO & Director of the Company, is the Qualified Person as defined in
National Instrument 43-101, who has reviewed and approved the technical content of this news release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

June 13, 2008 - Vancouver, British Columbia. Appleton Exploration Inc. (TSX-V : AEX) has discovered epithermal quartz veining in its on-going excavator trenching program on its Dora epithermal gold property, as part of its Spences Bridge Gold Project, south of Merritt, B.C. Trench DO-08-12 at anomaly G1 north, unearthed a series of five parallel chalcedonic quartz veins across a width of 18 metres. The individual veins range in width from 0.5 to 2.1 metres. Two of the five veins display weak banding, a common characteristic of epithermal veins. Continuous rock chip sampling is in progress. Excavator trenching in anomaly G1 north
continues.

A total of 11 excavator trenches have been completed to date: two in anomaly G1 north, three in anomaly F1, three in anomaly F2, one in anomaly F3 and two in anomaly A2. These anomalies have been described in news release 08-04 dated February 28, 2008. Geological mapping and continuous rock chip sampling of the individual excavator trenches continues. Samples from a number of these trenches are now at the lab with assay results pending.

The trenching is expected to be completed by the end of June. It is anticipated that high priority targets generated in 2007 as well as those generated from this 2008 trenching program will be drill tested in the fall.

The 2008 Spences Bridge Gold Belt project is being conducted by Steve Butrenchuk, P.Geol., under the supervision of R. Tim Henneberry, P.Geo. Mr. Butrenchuk and Mr. Henneberry are both Qualified Persons as defined in National Instrument 43-101. All assaying will be conducted by Eco Tech Laboratories Ltd. in Kamloops, British Columbia. QA/QC protocols, including duplicates and standards, will be employed.

Expenditures for the Company’s Spences Bridge Gold Belt project continue to be partially funded through a private placement by the MineralFields Group, a Toronto-based fund. Information about the MineralFields Group is available at www.mineralfields.com.

In an unrelated matter, Rolland Menard has resigned as a director of the Company. Mr. Menard was one of the initial co-founders of Appleton and will remain as an Advisor to the Company.

 

On Behalf of the Board of Directors,
“R. Tim Henneberry”
R.Tim Henneberry, P.Geo.
President and CEO


For further information, please contact:
Tim Henneberry: (604) 694-0741

For Investor Relations Information contact:
Contact Financial Corp.
604.689.7422 |  Toll Free 1.877.689.7411

 

R. Tim Henneberry, P.Geo. , President, CEO & Director of the Company, is the Qualified Person as defined in
National Instrument 43-101, who has reviewed and approved the technical content of this news release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

June 5, 2008 - Vancouver, British Columbia. Appleton Exploration Inc. (TSX-V : AEX) ha s retained Contact Financial Corp. to provide investor relations services to the Company, effective June 1, 2008, subject to TSX Venture Exchange approval. Contact will be paid $8,000 per month for an initial term of six months, renewable month to month after the initial term, and will also be granted 200,000 incentive stock options at an exercise price of 30 cents per share. The options are valid for five years and will vest quarterly over a period of 12 months, pursuant to Appleton’s stock option plan.

Contact Financial is a Vancouver-based investor relations firm that enhances communication between clients and their existing shareholders, and also introduces potential new shareholders, both retail and professional.

Appleton has recently terminated its investor relations contract with Marketsmart Communications Inc.

Appleton Exploration Inc. is a Vancouver based mineral exploration company currently exploring the Dora and Stobart / Fame epithermal gold properties in the Spences Bridge Gold Belt of southern British Columbia. Further information on these projects can be found on the Company website: www.appletonexploration.com.

 

On Behalf of the Board of Directors,
“R. Tim Henneberry”
R.Tim Henneberry, P.Geo.
President and CEO


For further information, please contact:
Tim Henneberry: (604) 694-0741

For Investor Relations Information contact:
MarketSmart Communications:
(604) 261-4466  |   Toll Free: 1-877-261-4466

 

R. Tim Henneberry, P.Geo. , President, CEO & Director of the Company, is the Qualified Person as defined in
National Instrument 43-101, who has reviewed and approved the technical content of this news release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

March 4, 2008 - Vancouver, British Columbia. Appleton Exploration Inc. has signed a Letter of Intent to acquire the Chilean subsidiary of ProElement Resources Corp. which contains three precious metal or base metal properties in Region III of Chile, located near the city of Copiapo.

Julia

Julia is a conglomerate hosted copper manto. The conglomerate has been traced for a distance of at least 6 kilometres and ranges from 1 metre to over 30 metres in width. Limited grab rock sampling conducted for ProElement returned values ranging from
1.37% to 5.19% total copper. The soluble or oxide portion of the copper ranged from 1.14% to 4.26% copper. Analyses for gold and silver were not included in the data provided.

Garin
Garin is a bulk tonnage silver- copper + lead +zinc stockwork and vein property. The property lies in the Garin Silver District, host to several old producers. Grab rock sampling conducted for ProElement returned values ranging from 1 to 1385 grams per tonne silver, 0.01% - 5.71% copper, 0.01% - 4.31% lead and 0.01% - 4.37% zinc.

Perth Caliza
Perth Caliza is an iron oxide copper-gold property. The property consists of intense vein swarms associated with a metamorphic terrain proximal to a granite batholith. This area also hosts a number of old workings. Grab rock sampling conducted for ProElement returned values ranging from 0.01 to 10.7 grams per ton gold and 0.02% to 1.7% copper.

The rock sampling undertaken and reported on the three projects was not completed by a Qualified Person as defined in NI 43-101, nor has the data been verified and should not be relied upon. Appleton’s in house and independent Qualified Persons will be travelling to Chile to commence the property due diligence review on March 6th. This review will include verification of the sampling completed for ProElement.

Under the terms of the agreement, Appleton will issue 3,000,000 common shares in the capital of the Company, at a deemed price of $0.15 per share, to ProElement for a 100% undivided interest in ProElement’s Chilean subsidiary company, which holds the exploration concessions and exploitation concessions comprising the three properties.

The agreement is subject to:

  1. A title opinion confirming ProElement ownership of the concessions;
  2. A successful conclusion to a 60 day due diligence review of the titles and property by Appleton and corporate review by ProElement;
  3. Completion of a minimum $500,000 financing by Appleton; and
  4. Approval and acceptance by the TSX Venture Exchange

 

 

On Behalf of the Board of Directors,
“R. Tim Henneberry”
R.Tim Henneberry, P.Geo.
President and CEO


For further information, please contact:
Tim Henneberry: (604) 694-0741

For Investor Relations Information contact:
MarketSmart Communications:
(604) 261-4466  |   (Toll Free 1-877-261-4466)

 

R. Tim Henneberry, P.Geo. , President, CEO & Director of the Company, is the Qualified Person as defined in
National Instrument 43-101, who has reviewed and approved the technical content of this news release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.