Managemenrt

& Directors

Glen H. McKay
Director & Chairman

Glen McKay was a co-founder of Cornerstone. The company began in 1997 as a private business and went public on the TSXV in 1999, the first new company listed on the combined Alberta and Vancouver stock exchanges. Glen has served Cornerstone in several executive roles. He became Chairman on April 15th, 2008, moving from the position of President & CEO in which capacity he led the development of Cornerstone into an international exploration company recognized for its business and technical acumen.

Mr. McKay's business experience spans 30 years over which he has led the establishment and operation of several privately held companies. Since 1979, he has been President of Sealan Capital Corp., a private investment and property leasing company in Mount Pearl, Newfoundland & Labrador. He is the founder, a major shareholder and Chairman of Nfld. Hard-Rok Inc. (NHR), a leading manufacturer of explosives and the largest provider of explosives, drilling and blasting services to the construction, mining and quarrying industries in Newfoundland & Labrador, Canada. NHR, through its wholly owned subsidiary, Dyno Nobel Labrador Inc., is the life-of-mine contractor to Vale Inco for the manufacture and supply of explosives to the world-class Voisey's Bay nickel mine in Labrador. He is also co-founder, a major shareholder and Chairman of Apex Construction Specialties Inc., the largest supplier of specialty industrial and commercial construction products in Newfoundland and Labrador.

John M. Fleming, P. Geo.
Director & Vice Chairman

John is a consultant in natural resources and environmental management. Prior to initiating his consulting practice in 1996, he enjoyed a 30-year career with the Government of Newfoundland & Labrador that included stints as Director of the province's geological survey and Deputy Minister of the Departments of Mines, Environment & Lands, and Environment & Labour. He is a graduate of St. Francis Xavier University (B.Sc. 1962) and Memorial University (M.Sc. 1972).

Colin McKenzie, P. Geo
Director, President & CEO

Colin is a respected exploration professional with over 25 years experience in major exploration projects and business development in Newfoundland & Labrador, other regions of Canada and internationally. Prior to joining Cornerstone's management team Colin served as Vice President, Exploration for Skye Resources, which is engaged in development of nickel laterite deposits in Guatemala. Before joining Skye, he was Director, Exploration for Inco, where he was in charge of exploration in Latin America as well as responsible for generating new business opportunities from Inco's portfolio of non-core exploration properties. From 1996 to 2000 he was Vice President, Exploration for Voisey's Bay Nickel, responsible for managing exploration and resource evaluation of the Voisey's Bay deposits. Prior to that he held increasingly senior exploration positions with Rio Algom and at BP Mining, where he was credited with the discovery of the Hope Brook gold deposit. Colin holds B,Sc, (Honours) and M,Sc, degrees in Geology from Dalhousie University.

David Loveys, C.A.
Director, Vice President Finance & Chief Financial Officer

David's experience has been primarily with large Canadian publicly traded companies operating in the domestic and international markets. He has held senior financial positions with CHC Helicopter Corporation and, prior to that, with the NewTel Group of Companies. David has a Bachelor of Commerce Degree from Memorial University of Newfoundland and qualified as a Chartered Accountant in 1981. He successfully completed the Investment Dealers Association of Canada, Canadian Securities Course in 1987.

W. John Clarke, B. Comm., LL.B
Director

John Clarke has been a member of the Law Society of Newfoundland since 1979. He holds a Bachelor of Commerce Degree from Memorial University of Newfoundland and a Bachelor of Laws Degree from the University of Saskatchewan. He was awarded the designations of Chartered Arbitrator and Chartered Mediator from the ADR Institute of Canada. He has received training in mediation skills and theory in Toronto, Halifax and Vancouver with the Canadian Dispute Resolution Corporation and in Toronto with Genevieve Chornenki, Judith Ryan and Mary Sattersfield.

John has been active in the practice of law in Newfoundland and Labrador since admission to the bar and, since 1986, has concentrated his efforts in the area of alternative dispute resolution including arbitration and mediation. He is a former Vice-Chair of the province's Labour Relations Board. He is a member of numerous dispute resolution panels including those maintained by the provincial Department of Labour, Labour Canada, the Canadian Transportation Agency, The Centre for Sport and Law, and the Canadian Motor Vehicle Arbitration Plan.

In addition to his law practice, John serves on the Board of Directors of Cornerstone Capital Resources Inc., a Newfoundland and Labrador based mineral exploration company which is listed on the Toronto Venture Stock Exchange. This corporation is involved in mineral exploration on the island of Newfoundland, in Labrador and in Ecuador.

John is a member of the Law Society of Newfoundland and Labrador, the Canadian Bar Association. He is a member of the ADR Institute of Canada and the Canadian Bar Association where he is Chair of the ADR Section. He teaches the ADR portion of the annual Bar Admission Course. He is a Past-President of the Newfoundland Division of the Canadian Red Cross Society and has served on its National Board of Directors. He is a former board member of the Newfoundland branch of Big Brothers. John is married with two children.

Donald J. Worth, P.Eng.
Director

Donald joined Cornerstone in 1999. He is recently retired from the Canadian Imperial Bank of Commerce where he served as Vice President from 1984 to 1997. Prior to that between 1964 and 1984, he was the mining specialist at CIBC in Toronto. Before joining CIBC he held positions at various metallic and industrial mineral operations in Canada and Mexico. Mr. Worth is well known in the Canadian exploration and mining community and currently serves on the Boards of Tiomin, Royal Gold and Labrador Iron Royalty Trust. He served as President of the Canadian Institute of Mining, Metallurgy and Petroleum and as a director of the Prospectors and Developers Association of Canada.

Ian Slater
Director

Ian Slater is President and CEO of Fortress Minerals Corp. He is a Chartered Accountant with over 16 years experience in international finance in the global resource sector. Prior to joining Fortress, Mr. Slater was a Partner with Ernst & Young, where he led their Canadian mining practice, and before that a Partner with Arthur Andersen, where he founded and led their mining practice in Central Asia for 6 years.

Advisory Board
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Dr. James M. Franklin, P. Geo.

Dr. James M. Franklin is a consulting geologist with over 33 years of experience in the study of mineral deposits and regional metallogeny and has directed major research programs on gold deposits in southern Churchill Province, and VMS deposits in Churchill and Superior provinces. He is a Fellow of the Royal Society of Canada, and represents Canada's geoscientists on the Partnership Group for Science and Engineering. Dr. Franklin is a registered professional geologist in the Province of Ontario, and an Adjunct Professor at Queen's and Laurentian Universities. He is a Past President of both the Geological Association of Canada and the Society of Economic Geologists.

Dennis Jones, P. Geo.

Dennis Jones is a geologist who recently retired after working in the minerals industry for almost forty years. His last position was as VP Exploration for Iamgold Corporation, a Canadian gold mining and exploration company active in Africa and South America. Dennis was head of the exploration team that discovered the +3 million ounce Quimsacocha gold deposit in Ecuador. In his role of leading the team, he always stressed the need for exploration, throughout the entire life-cycle of the exploration program, to be carried out to the highest levels of environmental stewardship and social responsibility.

Prior to Iamgold, Dennis was President of GeoQuest International Inc, his own consulting company, which specialized in foreign assignments. He worked on projects on behalf of major and junior exploration companies, financial groups, governments and the Canadian International Development Agency.

Dennis has experience with other consulting companies, notably Watts, Griffis & McOuat Ltd and Derry, Michener & Booth, for which he carried out a wide variety of projects in mineral exploration and mining.

For seven years, Dennis worked with the United Nations as a geologist and project manager involved in gold and base metal exploration programs, mainly in South America, as part of an initiative to build or improve the mining industry of developing countries.

The Iron Ore Company of Canada's mines in northern Quebec were where Dennis started his career in mining, as Mine Geologist.

Dennis is a director of the Prospectors and Developers Association of Canada and is Chair of the PDAC's "Environmental Excellence in Exploration" (E3) committee and the Ad Hoc committee for corporate social responsibility. He recently accepted an invitation to sit on an Advisory Group to the Steering Committee of the Department of Foreign Affairs and International Trade which is organizing a series of national roundtables on corporate social responsibility and the Canadian extractive sector in developing countries.

Dennis is a member of the Association of Professional Geoscientists of Ontario and various other professional organizations.

A feature article in the December issue of In Brief, the PDAC's newsletter, profiled Dennis' interest and involvement in promoting corporate social responsibility in the mining industry.

Patrick J. Mars, CFA

Mr. Patrick J. Mars has formerly held senior executive positions with several Canadian investment firms, including chairman and director of First Marathon Securities (UK) Limited, based in London, England, and President and Chief Executive Officer of Bunting Warburg, based in Toronto, Ont. He has served on the boards of several mining companies including Meridian Gold and he is a chartered financial analyst. Mr. Mars has also served as a governor of the Toronto Stock Exchange between 1984 and 1987 and a director of the Investment Dealers Association of Canada from 1992 to 1994. Mr. Mars is currently an independent consultant specializing in mine financing and analysis.

Dr. Tony Naldrett, P. Geo.

Dr. Tony Naldrett was born in England and received his degree in geology from the University of Cambridge in 1957. The same summer he emigrated to Canada, and worked for several years as a geologist for Falconbridge Nickel Mines Ltd. in Sudbury. In 1959 he left full time employment with Falconbridge to attend Queen's University, to conduct research on Ni deposits, receiving his M.Sc. in 1961 and Ph.D. in 1964. After 3 years in Washington at the Geophysical Laboratory, he returned to Canada as Assistant Professor at the University of Toronto. He retired from the University in 1998 and is now Emeritus University Professor. At Toronto he and his students conducted research on Ni, Cu and PGE deposits around the world, including Kambalda; the Duluth Complex; the Abitibi belt; the Merensky Reef; the Great Dyke of Zimbabwe; Jinchuan, China; Niquelandia, Brazil; Noril'sk, Siberia; and Thompson, Raglan, Voisey's Bay and Sudbury in Canada. He is the author of over 240 scientific articles and editor or author of 8 books, one of which, "Magmatic Sulfide Deposits - Geology, Geochemistry, Exploration", has just been published (August 2004) by Springer Verlag. He has served as President of the Mineralogical Association of Canada, the Society of Economic Geologists, the International Mineralogical Association and the Geological Society of America, and Chairman of the Board of the International Geological Correlation Programme. In addition to his research, he has served as consultant to over 30 companies including Chevron, Falconbridge, MRDI, Western Mining Corporation, BHP-Billiton, Rio Tinto, Diamond Fields Resources Inc. during their exploration of Voisey's Bay, COMINCO America and Kennecott Exploration.

Management
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Terry Brace, M. Sc., P. Geo.
V.P. Exploration

Terry is a native of Newfoundland, and is a professional geoscientist with more than 20 years of exploration industry experience. He graduated with a B.Sc. Honours degree in 1984 and a M.Sc. degree in 1991 from Memorial University of Newfoundland.

Terry's industry experience is broad-based, and includes exploration for base metals, precious metals and oil & gas in Canada, Latin America and West Africa. He has worked for several major and junior companies, including Noranda, Teck Cominco, Aur Resources, Thundermin Resources and Joutel Resources. From 1996 to 1998, he served as Operations Manager for Joutel Resources Limited in Cuba and from 1999 to February 2008, was the senior exploration geologist on Teck Cominco's Duck Pond copper-zinc mine located in central Newfoundland. There he was a key member of the management team that brought Duck Pond into production, having also been heavily involved in environmental and permitting aspects of the project.

George Smith, Ma.
Chief Consulting Geologist, Ecuador

Mr. Smith has more than 25 years of minerals exploration experience for gold, base metals and PGE's in a variety of environments. He has worked in North and South America, Europe and Asia as an employee and consultant to Anaconda, BHP, Gold Fields and Newmont among others.

With Anaconda he was involved in the initial resource definition at the Stillwater Pd-Pt mine in Montana, and the discovery of mineralization at the La Choya gold mine in Sonora, Mexico.

Yvan Crepeau
President Cornerstone Ecuador S.A. & La Plata Minerales S.A., Ecuador

Yvan is a Geologist and exploration manager with over twenty years of diversified experience in the evaluation and management of exploration projects in Eastern Canada as well as overseas in Asia, North, Central and South America. Yvan has expertise in corporate development, management of technical programs and human resources, relations with government agencies and contract negotiation. Yvan has his Masters of Business Administration (MBA) from HEC in Montreal, specializing in International Management, and his Bachelors Degree in Geology (BSc) from the University of Montreal. He is fluent in English, French and Spanish.

Andrew Hussey, P. Geo.
Lands Manager

Mr. Hussey's exploration career has been largely in the role of an exploration geologist with both major and junior mineral exploration/mining companies as well as with various geological consultants. His technical experience spans several metallogenic environments in Newfoundland and Labrador including VMS, magmatic Ni-Cu-Co and gold. Through working with Noranda Inc. and Thundermin Resources Inc., Mr. Hussey has gained considerable knowledge of VMS environments in central Newfoundland. Prior to joining Cornerstone, Mr. Hussey worked for Thundermin Resources Inc. during mine feasibility studies on the Duck Pond VMS deposit. Mr. Hussey's superior GIS, technical and administrative skills make him ideally suited for the role of lands/data manager. Mr. Hussey is a native of Newfoundland and a professional geoscientist registered with the Association of Professional Engineers and Geoscientists of Newfoundland as well as a graduate of Memorial University with a B.Sc. (Honours) degree in Geology (1994).