TSX.V: CCC

Cornerstone Metals Cancels Acquisition of Topley Property

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: pcowley@cornerstonemetals.ca

                                                                       

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.

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This website includes certain "forward-looking statements" such as estimates and statements that describe Cornerstone Metal Inc.’s property, future plans, objectives or goals. All statements in this website, other than statements of historical facts, that address future production, resource potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance or developments to differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, market prices, environmental conditions, judicial, regulatory and political developments, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions.