Cornerstone Capital Resources TSXV:CGP Stock Report

Price target decreased to CA$6.50

Down from CA$7.44, the current price target is provided by 1 analyst. New target price is 88% above last closing price of CA$3.45. Stock is down 9.9% over the past year. The company posted a net loss per share of CA$0.19 last year.

Cornerstone Capital Resources Inc. Provides an Update on Bramaderos Gold and Copper Joint Venture in Southern Ecuador

Cornerstone Capital Resources Inc. provided an update on its Bramaderos gold and copper joint venture in southern Ecuador in which it has a 12.5% interest carried by JV partner and project operator Sunstone Metals Ltd. through to the start of commercial production. The results from all holes drilled at Brama-Alba show clearly that higher grade mineralization occurs in sub-domains within the larger 1.2km-long Brama-Alba system and that these higher-grade domains cluster in the upper 400m. The results provide more firm evidence that Brama hosts a substantial gold-copper porphyry system. There is also potential for this system to extend significantly to adjacent targets Melonal (west) and Playas (east). These areas are expected to be drill tested in 2022. Gold equivalent results from all drill holes at Brama-Alba and clearly show the broad significant grades identified in this deposit. Early-stage metallurgical test work completed on a range of mineralization styles from the Brama-Alba gold-copper porphyry deposit was undertaken by Base Metallurgical Laboratories in Kamloops, British Columbia and was managed by Brisbane- based specialist engineering consultancy group DRA Global. Sighter metallurgical test work completed on the breccia and diorite lithologies, of the Alba and Brama deposits, yielded very encouraging results. With a combined flotation and leach circuit, the results indicate that recoveries in excess of 86% for copper and 88% for gold can be achieved when targeting a saleable concentrate grade of above 20% copper. Further test work, including alternative reagent and grind size regimes, will focus on improving recovery responses in a flotation -only circuit configuration to determine whether that configuration can be justified. Additional optimization testing of the current flotation-leach selection, to further improve recoveries, will also be conducted. Further details are provided below.

Cornerstone Capital Resources Inc. Announces Exploration Results At the Espejo Project Located Within the Cornerstone Ecuador S.A

Cornerstone Capital Resources Inc. announced the following update on the exploration results at the Espejo project located within the Cornerstone Ecuador S.A. (CESA) - ENAMI EP strategic exploration alliance (ENAMI-CESA SEA) in Northern Ecuador, in which CESA has the option to earn up to an 84% interest. Highlights: rong rorock sampling results confirm the potential of the high priority, porphyry Cu-Au andu-Mo targets p previously identified within three main target areas, age dating, alteration and mineralization patterns confirm the presence of Cascabel-type porphyry Cu-Au and Llurimagua-type porphyry Cu-Mo mineralized systems.

First quarter 2022 earnings released: CA$0.054 loss per share (vs CA$0.05 loss in 1Q 2021)

First quarter 2022 results: CA$0.054 loss per share (down from CA$0.05 loss in 1Q 2021). Net loss: CA$1.98m (loss widened 17% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.

Cornerstone Capital Resources Inc. Provides Tandayama-America Mineral Resource Update, Cascabel Project, Ecuador