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TSXV - CGP OTC - CTNXF F - GWN Exploring World Class Mineral Districts Cornerstone Capital Resources Inc. Part 1. Carried Interest in Cascabel Cu Au Project & Prospect Generation in Ecuador, the most underexplored part of the Andes Part 2. - Project Exploration in the core of a new mineralized district in Northern Chile 1 23 May 2017

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Page 1: Cornerstone Capital Resources Inc.cornerstoneresources.com/i/pdf/Presentations_0517... · This presentation includes ... (Wood Mackenzie PDAC 2016 Presentation) ... •Property acquired

TSXV-CGP OTC-CTNXF F-GWNExploring World Class Mineral Districts

Cornerstone Capital Resources Inc.

Part 1. – Carried Interest in Cascabel Cu Au Project &

Prospect Generation in Ecuador, the most underexplored

part of the Andes

Part 2. - Project Exploration in the core of a new

mineralized district in Northern Chile

1

23 May 2017

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CAUTIONARY STATEMENTS

This presentation includes ‘Forward-Looking Statements’ as well as historical information. These statements

include Cornerstone Capital Resources’ continued advancement of its mineral exploration programs. When used

in this presentation, the words “potential,” “anticipate,” “forecast,” “believe,” “estimate,” “expect,” “may,”“project,” “plan,” and similar expressions are intended to be among the statements that identify ‘Forward-

Looking Statements.’

Although Cornerstone Capital Resources Inc. believes that its expectations reflected in these ‘Forward-Looking

Statements’ are reasonable, such statements may involve unknown risks, uncertainties and other factors

disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise

from the behaviour of financial and metals markets and from numerous other matters of national, regional, and

global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or

regulatory nature. These uncertainties may cause our actual future results to be materially different than those

expressed in our forward looking statements.

Although Cornerstone believes the facts and information contained in the pages of this presentation to be as

correct and current as possible, Cornerstone does not warrant or make any representation as to the accuracy,

validity or completeness of any facts or information contained in these pages. Nothing in this presentation

constitutes either an offer to sell or a solicitation of an offer to buy any securities in the United States or any other

jurisdiction.

The technical information contained in this presentation has been reviewed and approved by Yvan Crepeau,

P.Geo, MBA, Cornerstone’s VP Exploration and President of Cornerstone subsidiaries Cornerstone Ecuador SA,

La Plata Minerales SA, and Minera Cornerstone Chile Ltda, who is a qualified person in accordance with

Canada’s National Instrument 43-101.

2

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MANAGEMENT

3

Hugh (Brooke) Macdonald, B. Bus., L.L.B. Director, President & CEO - 29 years experience in the mining

industry, specializing in the legal aspects of exploration and mine development with an emphasis on Latin

America. VP Legal Affairs for Skye Resources (Fenix NI laterite deposit, Guatemala) until its acquisition by

HudBay Minerals (2004-8). Before that Placer Dome’s legal counsel for Latin America exploration and Venezuela

country manager. Practiced law with Baker & McKenzie in Venezuela (1984-8). LLB Queen's University in Ontario,

admitted to practice in British Columbia in 1984 and in New York in 2002.

Yvan Crepeau, P.Geo., MBA, VP Exploration - Explorationist with 30 years of experience in the evaluation and

management of exploration projects in Eastern Canada, Asia, Central and South America, including complex

contract and permitting negotiations with government entities. MBA from HEC in Montreal, specializing in

International Management, and BSc in Geology from the University of Montreal.

Colin McKenzie, P. Geo. - Non-Exec. Chairman - Director since 2006, and past President & CEO (2008-10). VP

Exploration for Skye Resources (2004-8), Director, Exploration for Inco in charge of exploration in Latin America

(2000-4). VP Exploration for Voisey's Bay Nickel (1996-2000). B,Sc, (Honours) and M,Sc, degrees in Geology

from Dalhousie University.

Sabino DiPaola, CA – CFO – 10 years' experience in audit, finance and accounting while working as an auditor

for PricewaterhouseCoopers and BDO Canada, has been involved with numerous financing and spin out

transactions. Graduate, Concordia University.

David Loveys, C.A., Director

W. John Clarke, B. Comm., J.D, C. Arb., C. Med., Director

Beverley A. Evans, C.A., Director & Chair Audit Committee

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SHARE CAPITALIZATION

AT MARCH 31, 2017

4

• Treasury Position: $CAD 2.7M @ March 31, 2017

• Breakdown of options & warrants in Appendix A

Common Shares 297,757,143

Listed warrants 26,666,667

Private warrants 80,596,519

Stock options 22,651,667

Finder’s warrants 6,263,292

Fully diluted 433,935,288

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PROPERTIES

5

CHILE

100% - OWNED PROPERTIES

▪ Miocene - Porphyry Au-Cu and Epithermal Au-Ag

JOINT VENTURED PROPERTIES

▪ Cascabel – Porphyry Cu–Au (SolGold)

▪ Bramaderos – Porphry Cu-Au (Avalon Minerals)

100% - OWNED PROPERTIES

▪ Vetas Grandes – Epithermal Au-Ag

▪ Bella Maria – Porphyry and breccia hosted Au-Cu

OPTIONED PROPERTIES TO EARN 100%

▪ Caña Brava – Porphyry Au-Cu & Epithermal Au-Ag

PROJECT GENERATION

▪ GENEX program

▪ ENAMI EP strategic alliance agreement

CANADA

Head Office: Ottawa, ON

ECUADOR

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• Cornerstone Capital Resources Inc. (TSX-V:CGP)

o Prospect Generator

o Focus on Ecuador and Chile

• Cornerstone Ecuador SA (CESA) o Active since 2005

o Investment: >$USD 30M, >75% by partners

o Strategic Alliance (SA) and Joint Venture (JV) model

o Approach: new project generation (GENEX) through sister company

La Plata Minerales SA (PLAMIN)

• Exploraciones Novomining SA (ENSA)

o Cascabel JV

• Minera Cornerstone Chile Ltda (MCCL)

o Prospect generator

o Miocene project

CORNERSTONE AND SUBSIDIARIES

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• US$, no exchange controls, foreign investor may own 100% of

mineral rights

• >500,000 bpd oil exports (but with limited reserves)

• Political stability: Pro Mining President Lenin Moreno elected Feb

2017

• Unprecedented infrastructure investment

o New highways built. 89% of country’s roads improved

o 9 Hydroelectric plants being built and starting in 2016 will

provide 8,300 MW of clean, low-cost energy

o 15 airports and 5 international seaports improved

o Multiple schools and medical centers built all over the

country

ECUADOR INVESTMENT CLIMATE

GENERAL

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ECUADOR INVESTMENT CLIMATE

• Fiscal stability contracts 25 yrs, renewable

• Accelerated depreciation, investor choice of 5 - 10 years

• Extraordinary income (windfall profits) tax (70%) only applicable

when metal price exceeds 10 yr. rolling monthly average plus one

standard deviation (likely 1 of every 7 years).

• Currency exportation tax (ISD) exemption for mining sector

• VAT (12%) refunds starting in 2018

“Extraordinary Income (windfall profits) Tax and Sovereign adjustment are unlikely to be paid

under normal circumstances, and never before discounted payback of the initial investment”

(Wood Mackenzie PDAC 2016 Presentation)

MINING SECTOR – TAX ISSUES

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Ecuador’s tax burden is competitive compared with regional countries

MINING TAXATION REGIME

Source: Wood Mackenzie presentation at PDAC 2016

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Projects with other cost structures yield different percentages, but do not

alter the conclusion that Ecuador’s tax burden is in the competitive range

MINING TAXATION REGIME

Source: Wood MacKenzie presentation at PDAC 2016

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ECUADOR PROJECTS

11

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• JV SolGold plc will own 85%

(subject to funding 100% through

BFS) Cornerstone 15%

• Targeting porphyry copper – gold

deposits

• Located in same belt as Junin

(now Llurimagua) porphyry Cu-

Mo deposit (982 M tons at 0.89%

Cu , 0,04% Mo) and the Colosa

porphyry Au deposit (905 M tons

at 0,92 g/t Au) located to the

north in central Colombia

CASCABEL (Cu-Au)

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EXPLORATION

History

• Stream sediment (SS) anomaly defined by regional BGS survey

• Property acquired from SBRL in March 2011 and reconnaissance work identified a

3x3 km rock chip anomaly within a 5x5 km stream sediment anomaly

• Systematic exploration program started in May 2012. Alpala discovery outcrop

found through prospecting work in the 1st field sequence

• Good exploration results reported every month and all over the property: good signs

• Heli-borne magnetic survey

• Terraspec mineralogical mapping of soils

• Deep penetration 3D IP Orion survey

TARGETS TO DATEPorphyry Cu-Au (14): Alpala (6), Triviño, Aguiñaga, Tandayama-America,

Chinambicito, Cristal, Carmen, Parambas, Moran. Eight of them are high priority

drilling.

INFRASTRUCTURE

• Paved road to site. 196 km (3 hrs drive) from Quito

• Available electrical power / water

• Important industrial port in Esmeraldas City (222 km to

project site) downhill and by paved roads

• Old railroad from Ibarra to San Lorenzo being rehabilitated for

tourism as a first step

CASCABEL (Cu-Au)

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Significant intersections from CSD 13-001 (First hole ever drilled

on the property)302m @ 0.34% Cu, 0.48 g/t Au (0.77% Cu Eq) from 16m, including:

104m @ 0.37% Cu, 0.38 g/t Au (0.71% CuEq) from 16m and,

100m @ 0.65% Cu, 1.00 g/t Au (1.55% CuEq from 222m)

…from CSD 13-005 (Discovery hole)

1306m @ 0.62% Cu & 0.54 g/t Au (1.10% Cu Eq) from 24m to EOH, including:

672m @ 0.93% Cu, 0.91 g/t Au (1.74% CuEq) from 658m to EOH) or,

552m @ 1.03% Cu, 1.05 g/t Au (1.97% CuEq) from 778m to EOH) or,

258m @ 1.27% Cu, 1.40 g/t Au (2.52% CuEq) from 1052m to EOH

2.97% Cu, 4.09 g/t Au

Note: Copper Equivalent (CuEq) has been calculated using $2.20 / Lb Cu and $1350 / oz Au

…and followed by a series of highly successful deep drill holes showing intercepts

of > 1000m @ > 1% CuEq

CASCABEL (Cu-Au)

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3.04% Cu, 9.54 g/t Au

Intense B-veins stockwork with chalcopyrite

CASCABEL (Cu-Au)

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Hole ID DepthFrom DepthTo Interval (m) Cu_% Au_g/t Cu.Eq_% True Width (E)

CSD-13-001 16 318 302 0.39 0.48 0.82 181

incl. 16 120 104 0.37 0.38 0.71 62

and 222 322 100 0.65 1.00 1.54 60

CSD-13-002 126 418 292 0.37 0.30 0.64 175

incl. 184 226 42 0.50 0.68 1.11 25

CSD-13-003 4 751.3 747 0.11 0.05 0.15 448

CSD-13-004 160 318.3 158.3 0.11 0.05 0.15 95

CSD-13-005 24 1330 1306 0.62 0.54 1.10 784

incl. 658 1330 672 0.93 0.91 1.74 403

CSD-14-006 184 226 42 0.11 0.07 0.17 25

CSD-14-007 654 1612 958 0.40 0.17 0.55 575

incl. 1160 1294 134 0.75 0.50 1.20 80

incl. 1200 1294 94 0.84 0.62 1.39 56

CSD-14-008 396 1310.45 914.5 0.41 0.44 0.80 549

incl. 862 1310.45 448 0.56 0.64 1.13 269

CSD-14-009 430 1757.35 1327 0.57 0.74 1.23 796

incl. 650 912 262 0.69 1.31 1.86 157

incl. 1062 1482 420 1.00 1.34 2.19 252

CSD-15-010 446 840 394 0.38 0.36 0.70 236

incl. 684 840 156 0.63 0.74 1.29 94

CSD-15-011 996 1054 58 1.45 1.44 2.73 35

incl. 1110 1518 408 0.56 0.34 0.86 245

incl. 1412 1518 106 0.73 0.50 1.18 64

CSD-15-012 128 1440 1312 0.67 0.63 1.23 787

incl. 844 1420 576 1.03 1.19 2.09 346

CSD-15-013 882 1362 480 0.46 0.22 0.66 288

incl. 932 1126 194 0.62 0.31 0.90 116

CSD-15-014 628 1396 768 0.50 0.45 0.90 461

incl. 808 1284 476 0.63 0.65 1.21 286

CSD-16-015 406 1048.4 642.4 0.33 0.14 0.45 385

CSD-16-015R2 394 1732 1338 0.49 0.36 0.81 803

incl. 890 1640 750 0.67 0.50 1.12 450

CSD-16-016 516 1661.6 1145.6 0.63 0.78 1.32 687

incl. 548 1404 856 0.80 1.04 1.73 514

and 928 1301.6 373.6 1.00 1.34 2.19 224

CSD-16-017 330 1278 948 0.60 0.53 1.07 683

incl. 702 1264 562 0.79 0.75 1.46 405

CSD-16-018 466 1670 1204 0.46 0.47 0.88 722

incl. 904 1568 664 0.70 0.77 1.39 398

incl. 1174 1436 262 0.91 1.15 1.93 157

Note: Assay results from 1794 to 2216.75 still pending

CSD-16-019 268 1400 1132 0.50 0.33 0.80 500

incl. 572 1374 802 0.63 0.43 1.02 360

or 838 1354 516 0.75 0.50 1.20 230

Note: Assay results from 1400m to EOH (End Of Hole) still pending* Data Aggregation Method

- Intercepts reported with up to 10m internal dilution. (Excluding bridging to a single sample)

- Intercepts selected using Cu equivalent cutoff grades of 0.10, 0.20, 0.30, 0.50, 0.70, 1.0 and 1.50

** Gold Conversion factor of 0.89 calculated from copper price US$2.20/lb and gold price US$1350/oz.

Cascabel Project - Summary of Drill Hole Intersections

CASCABEL (Cu-Au)

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CASCABEL – DEVELOPMENT CONCEPT

20

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Summary• Cascabel project brought from a regional stream sediment

anomaly to drilling stage in 17 months…and to discovery hole

in less than 22 months

• Environmental Impact Study (EIS) completed/approved in 7

months Environmental license granted 24 hrs after EIS

approval

• Very strong social license

• Alpala target drill tested to date but only one of 14 porphyry

targets to be tested on the 50 km² property

• Surface exploration results, deep and extensive geophysical

anomalies and drilling results are supportive of a large gold-

enriched porphyry copper occurrence

• Partner SolGold is funding 100% of project to finalization of a

bankable feasibility study

CASCABEL (Cu-Au)

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CESA PROPERTIES

19

Vetas Grandes & Bella Maria 100%-Owned

properties

Caña Brava Optioned to earn 100% property

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VETAS GRANDES (Au-Ag)

• Epithermal Low to Intermediate Sulphidation gold-

silver prospect

• Extensive surface sampling, trenching and

geophysical surveys completed

• Several large, 3m to 7m veins and quartz vein/vein

breccia/stockwork forming swarm striking east-

northeast over 1.4 km

• Excellent correlation between mapped veins, rock

assay results, soil geochemistry

• Bonanza style mineralization: 3.4m grading 53.4 g/t Au

and 641.0 g/t Ag

• Regional mapping and prospecting work suggest that

Vetas Grandes could be part of a new mineral district

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VETAS GRANDES (Au-Ag)

Excellent correlation between mapped veins,

rock assay results and IP chargeability /

resistivity anomalies

Modeling using multi-elements geochemical

distribution and ratios, spectrometry work,

quartz vein textures defined prospective

precious metals horizons and drill targets

Potential: 1Moz + gold and

significant Ag

Never has been drilled…and is

drill-ready

21

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VETAS GRANDES (Au-Ag)

22

TENTATIVE WORK PROGRAM & BUDGET - VETAS GRANDES PROJECT Apr-16

1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 Activity Cumulative %

Work program

Concessions fees 2016 (2300 hectares)* $ 42.090 $ 42.090 1%

Concessions fees 2017 (2300 hectares)* $ 46.000 $ 88.090 2%

Prospecting work ** Property and district scale $ 90.000 $ 178.090 3%

Detailed geology - 2 teams *** $ 0 $ 178.090 0%

Soil geochem *** $ 0 $ 178.090 0%

Trenching *** $ 0 $ 178.090 0%

Geophysics - Magnetometer *** $ 0 $ 178.090 0%

Geophysics - IP *** $ 0 $ 178.090 0%

Drilling target definition *** $ 20.000 $ 198.090 1%

DDH - Phase 1 - 2500m $ 875.000 $ 1.073.090 29%

Evaluation of results - Phase 1 11 months $ 15.000 $ 1.088.090 0%

DDH Phase 2 - 5000m $ 1.750.000 $ 2.838.090 57%

Evaluation of results - Phase 2 18 months $ 15.000 $ 2.853.090 0%

$ 2.853.090 94%

Permitting

Social License and community relations program LS 6 months $ 100.000 $ 100.000 3%

Environmental License & management LA 6 months $ 75.000 $ 175.000 2%

Water permit PA 6 months $ 20.000 $ 195.000 1%

$ 195.000 6%

* Advanced Exploration Stage (AES, Drilling) $ 3.048.090 $ 169.338 (ave/mo)

** Optional TOTAL + 10% contingencies $ 3.352.899 $ 186.272 (ave/mo)

*** Work completed

TOTAL:

ADVANCED EXPLORATION PHASE (first 1.5 of 4 years)

87%

Phase 1 - 2500m

Phase 2- 5000m

SHYRI - VETAS GRANDES PROJECTYear 1 / Month Year 2 / Month Budget

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BELLA MARIA (Au-Cu)

• Exceptionally high gold content in stream sediment

and free gold panned samples over the entire

property

• Soil geochemistry surveys have outlined a large (3

km x 2 km) coincident gold – copper +/- molybdenum

in-soil anomaly associated to porphyry-style

mineralization in the central portion of property

• Seven (7) mineralized prospects identified

Free Gold in

Pan

Concentrates

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BELLA MARIA (Au-Cu)

• Newmont drilled thirteen holes on porphyry gold type mineralized zones 0-3km south of concession on its Cangrejos project:

o Trinchera and Paloma targets: Seven drill holes cut greater than 70m at 0.5 g/t Au cut-off. Drill hole C99-14 cut 1.6 g/t

Au and 0.2% Cu over 192m, including 3.1 g/t Au plus 0.3% Cu over 46m.

o Cacique target: A 22m intercept assayed 2.6 g/t Au and approximately 0.2% copper.

• Odin drilled 9 holes (3540m) intersecting significant porphyry Au-Cu style mineralization and announced a 4M oz gold resource on

January 25, 2017

Bella Maria 3D Topo, district geology, mineralization and exploration results

South and neighbor to Bella Maria:

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BELLA MARIA (Au-Cu)

• Stream sediment samples collected across the property are

exceptionally anomalous in gold

• Large (3 by 2 km) coincident

gold - copper – molybdenum in-

soil anomaly identified in central

part of property

• Strong gold-copper

mineralization found by

drilling just south of property

(Odin Mining)

25

Results to date indicate excellent potential to host significant

porphyry and structurally controlled (breccias and veins) gold

and copper mineralization. Property never has been drilled but is

drill-ready

• Seven (7) mineralized Au-Cu

prospects have been identified

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CAÑA BRAVA (Au-Ag-Cu)

Property hosts IS and HS epithermal gold-silver zones defined by extensive hydrothermal

breccia and silica ribs developed on top of porphyry gold-copper style mineralization

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CAÑA BRAVA (Au-Ag-Cu)

Geology map and DDH proposal

4 Mineralized zones defined:

• Porphyry style at Q. Soroche and Q. Cana Brava

• Epithermal style at Soroche Norte and Noreste

27

RTP ground magnetic data and interpretation

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CAÑA BRAVA (Au-Ag-Cu)

28

Rock and soil Gold (Au) assay results

Rock and soil Silver (Ag) assay results

Geochemical signature:

• Epithermal IS veins at Soroche Norte with Au-Ag-Pb-

Zn +/- As-Sb-Hg correlation

• High grade Au and Ag values associated to NE

oriented silicified ribs

•Epithermal HS Au-Ag mineralization at Sector Norte

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CAÑA BRAVA (Au-Ag-Cu)

Rock and soil Copper (Cu) analytical results

Rock and soil Molybdenum (Mo) assay results

Geochemical signature:

• Porphyry style at Soroche and Q. Caña Brava with

strong Cu-Mo-Au correlation

• Peripheral and intermediate sulphidation at

Soroche Norte

• Highly anomalous Mo +/- Cu values

Results strongly suggest that a porphyry

system(s) lies at shallow depth below Soroche

and Q. Caña Brava targets with peripheral higher

level Intermediate Sulphidation veins at Soroche

Norte

Property never has been drilled. Phase 1 drilling

program (3,200m) is proposed

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NEW PROJECT : TIOLOMA

30

• 4950 Concession granted on April 4, 2017

• Underexplored area

• SW extension of the highly prospective exploration

results obtained at Caña Brava

• Both concessions are strategically located at the

junction of a NE oriented belt of epithermal precious

metal and related mineralized porphyry prospects and

deposits and of a NW-SE oriented belt of intrusives

and associated epithermal and porphyry mineralization

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NEW PROJECT : BRAMADEROS

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• 4949 Has concession granted on December 27, 2016

• Underlain by a cluster of Au-Cu porphyries

• Gold is present as dissemination in porphyry and hydrothermal

breccia bodies/pipes and in quartz veins

• Extensive, 5km by 1-2 km, gold and copper (+/- molybdenum)

in-soil anomaly located in the central part of the property has

been partially tested by trenching and diamond drilling.

• Several anomalies still untested

SE view of the Project

PANAMERICAN HIGHWAY

• LOI signed on April 10, 2017 with Avalon Minerals Ltd

and exploration program to start in June

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NEW PROJECT : BRAMADEROS

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Mineralized zones & Gold assay results Mineralized zones & Copper assay results Mineralized zones & Moly assay results

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GENERATIVE PROGRAM

Example: BLOCK 2 – GOLD

• Several datasets: > than 50,000 samples

• First-pass data processing completed with

93 anomalous areas defined

• Operational structure in place

Cornerstone has a strong capability to

generate and explore new projects

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GENEX & TARGETING

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• Second step, detailed

compilation program

completed

• 4 Zones, 5.55 M Has

• 100 gold and/or copper

exploration targets defined

Targeting program: Cornerstone properties, main deposits, prospects,

areas investigated, targets defined and concessions applied for

Several target areas applied

for (62,000 Has) under the

ENAMI EP JV and on our own

More could be done with a

JV partner or partners

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STRATEGIC ALLIANCE WITH ENAMI

• Regional data compilation and integration

• Target areas defined using newly developed metallotects

• Zone 1 detailed data integration completed: 35 targets defined. 9 highest priority targets (60,000 has) selected for ground

acquisition

On June 14, 2016, Cornerstone Ecuador SA (CESA) signed the definitive Strategic Alliance and Joint

Venture agreement with Ecuador’s State Mining Company, ENAMI Empresa Pública.

ENAMI EP has a preferential right to acquire mining concessions anywhere within the country. It has

applied for approx. 40,000 Has of high quality targets in the Cascabel district under the JV agreement.

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CHILE – MIOCENE PROJECT

Miocene property geology map showing prospective

areas

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CHILE – MIOCENE PROJECT

Gold assay results of Miocene project

rock samplesMiocene property, alteration zones

and mineral prospects.

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CHILE – MIOCENE PROJECT

Arsenic assay results of Miocene

project rock samples.

Mercury assay results of Miocene

project rock samples.

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CHILE – MIOCENE PROJECT

Copper assay results of Miocene project

rock samples.

Molybdenum assay results of

Miocene project rock samples.

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EARN-IN AGREEMENT COMPLETED ON APRIL 28, 2017

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WHY CORNERSTONE?

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• Interest in Cascabel financed to Bankable Feasibility Study

• Timely opportunity for project generators in Ecuador

• Underexplored country hosting world class precious and base metals

deposits

• Competitive tax regime and new regulations recently implemented

making the country significantly more attractive

• First mover advantage

• Operational structure in place since 2005: Expertise and databases

• 3 Drill-ready and JV-ready projects

• 5.6M Has targeting program completed. 100 Cu and Au targets defined

• New concessions applied for and some more that could be applied for

under ENAMI JV or under the general bidding process

• World class Cascabel discovery made in less than 2 years from an

early grass-root, regional exploration program. 55,000 Has applied for in

the same district.

• Exploring in the core of a new mineral district in northern Chile

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APPENDIX A

STOCK OPTIONS BREAKDOWN

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Price Expiry Date # Options

$0.10 May 8, 2018 870,000

$0.10 June 11, 2018 125,000

$0.19 March 5, 2019 3,875,000

$0.10 January 29, 2020 2,410,000

$0.10 June 4, 2020 50,000

$0.05 June 13, 2021 3,046,667

$0.11 August 8, 2021 2,875,000

$0.15 November 15, 2021 * 9,400,000* Subject to shareholder approval

22,651,667

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APPENDIX A (cont.)

WARRANTS BREAKDOWN

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Price Expiry Date # Warrants

$0.35 April 2019 26,666,667

$0.20 April 2019 1,808,450

$0.10 May 12, 2021 80,596,519

$0.05 May 12, 2018 4,454,842

113,526,478

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www.cornerstonresources.com

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