Cornerstone Metals Announces 2:1 Consolidation

Cornerstone Metals Announces 2:1 Consolidation

September 19, 2017 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSXV – CCC)

(“Cornerstone” or the “ Company”) is pleased to announce that TSXV has approved the consolidatio n

of its common shares on a 2 for 1 basis. The consolidation wil l take effect Friday, September 22, 2017.

Assuming no other change in the issued capital of the Company, it is expected that upon completion of

this consolidation, Cornerstone will have approximately 11,452, 847 common shares issued and

outstanding, reduced from 22,905,694 which are currently issued and outstanding. At the opening of

trading on Friday, September 22, 2017, the CUSIP number of the Company will change to 21925M208,

however, the Company’s name and trading symbol will remain the same. The Company’s outstanding

options and warrants will also be adjusted on the same basis (2 for 1) as the common shares, with

proportionate adjustments being made to exercise price. No fra ctional common shares will be issued, and

no cash will be paid in lieu of fractional, post-consolidation common shares, options or warrants. The

number of post-consolidation common shares to be received by a shareholder will be rounded down to the

nearest whole common share (less than one-half of a share will be cancelled and more than one-half of a

share will be changed to one whole share). A letter of transmittal will be mailed to all registered

shareholders with instructions on how to exchange existing shar e certificate(s) for new share

certificate(s). Additional copies of the letter of transmittal can be obtained through Computershare

Investor Services Inc. Until surrendered, each certificate for merly representing common shares of the

Company will be deemed for all purposes to represent the number of common shares to which the holder

thereof is entitled as a result of the consolidation.

ON BEHALF OF CORNERSTONE METALS INC.

per:

“Paul Cowley”

CEO & President

For further information, please contact:

Paul Cowley

Tel: 604-340-7711 Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

All statements included in this pre ss release that address activities, even ts or developments that the Company

expects, believes or anticipates will or may occur in the future are forward-looking statements. In particular, this

news release contains forward-looking information regarding the proposed 2:1 consolidation. These forward-

looking statements involve numerous assumptions ma de by the Company based on factors it believes are

appropriate in the circumstances. Readers should not plac e undue reliance on forward-looking statements. Except

as required by law, the Company does not intend to revise or update these forward-looking statements after the date

hereof or revise them to reflect the occurrence of future unanticipated events.