Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") (TSXV:CGP) (Frankfurt:GWN) (Berlin:GWN) (OTC:CTNXF) rebuts certain inaccurate statements made by SolGold plc ("SolGold") in its October 16 news release commenting on its failed hostile bid to acquire Cornerstone.

Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") (TSXV:CGP) (Frankfurt:GWN) (Berlin:GWN) (OTC:CTNXF) is pleased to announce that SolGold plc ("SolGold") was unsuccessful in its unsolicited offer to acquire all of the issued and outstanding common shares of Cornerstone. Cornerstone understands that the Hostile Bid expired at 5:00 p.m. (Eastern Time) on October 14, 2020 without any Cornerstone common shares being taken up.

Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") (TSXV:CGP) (Frankfurt:GWN) (Berlin:GWN) (OTC:CTNXF) is pleased to announce the following update on the status of the Pre-feasibility Study (PFS) on the Alpala Project at its Cascabel copper-gold porphyry joint venture project in northern Ecuador in which Cornerstone has a 15% interest financed through to completion of a feasibility study plus 7.6% of the shares of joint venture partner and project operator SolGold Plc, for a total direct and indirect interest in Cascabel of 21.4%.