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SolGold & Cornerstone to Cooperatively Advance Cascabel to Maximize Shareholder Value

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BRISBANE, Australia and OTTAWA, June 02, 2021 (GLOBE NEWSWIRE) — SolGold Plc (LSE:SOLG; TSX:SOLG) (“SolGold”) and Cornerstone Capital Assets Inc. (TSXV:CGP; OTC:CTNXF; FWB:GWN1) (“Cornerstone”) (collectively the “Events” and individually, a “Occasion”) are happy to announce as we speak they’ve agreed to work cooperatively to advance the Cascabel Challenge in northern Ecuador.

Concurrently with advancing the Cascabel Challenge, the Events will discover and consider a variety of strategic and financing choices centered on maximizing worth for his or her respective shareholders with respect to the Cascabel Challenge.

The respective Boards of Administrators of the Events are dedicated to this technique whereas concurrently supporting administration and workers of their ongoing efforts to advance the Cascabel Challenge together with finalization and supply of a brand new technical report. Each SolGold and Cornerstone consider that pursuing these complementary paths is in one of the best pursuits of their respective shareholders, workers and stakeholders and is designed to maximise worth for every firm.

Liam Twigger, Chairman of SolGold, and Greg Chamandy, Chairman of Cornerstone collectively acknowledged: “We’re dedicated to fostering a optimistic working relationship between SolGold and Cornerstone for the advantage of our respective shareholders. Our focus stays on maximizing shareholder worth by cooperatively advancing Cascabel with the enter of each of our respective administration groups and pursuing all potential worth enhancing initiatives.”

Keith Marshall, Interim CEO of SolGold commented: “For too lengthy our corporations have been pulling in numerous instructions. This initiative offers a chance for each corporations to place away their variations and to work collectively for the collective good of the Cascabel Challenge”.

Nick Mather, a Director of SolGold, commented: “I’m welcoming this initiative and I’m 100% supportive as I consider it may possibly maximize worth for SolGold shareholders which has been my goal from the very starting. Delivering an up to date technical report that reduces the chance profile of Cascabel together with advancing discussions with Cornerstone in parallel, is the proper strategic resolution and can profit SolGold shareholders.”

Brooke Macdonald, President and CEO of Cornerstone, added: “Our focus is aligned with respect to reducing the event threat at Cascabel and accessing the high-grade core at Alpala that at present has 442MT at 1.40% CuEq within the measured & indicated class together with 359MT at 1.47% CuEq within the measured class alone based mostly on MRE#31.”


Cornerstone’s monetary advisors are Maxit Capital LP and Paradigm Capital Inc.

About Cornerstone

Cornerstone Capital Assets Inc. is a mineral exploration firm with a diversified portfolio of initiatives in Ecuador and Chile, together with the Cascabel gold-enriched copper porphyry three way partnership in northwest Ecuador. Cornerstone has a 20.8% direct and oblique curiosity in Cascabel comprised of (i) a direct 15% curiosity within the mission financed by way of to completion of a feasibility research and repayable at Libor plus 2% out of 90% of its share of the earnings or dividends from an operation at Cascabel, plus (ii) an oblique curiosity comprised of 6.86% of the shares of three way partnership associate and mission operator SolGold Plc. Exploraciones Novomining S.A. (“ENSA”), an Ecuadoran firm owned by SolGold and Cornerstone, holds 100% of the Cascabel concession. Topic to the satisfaction of sure circumstances, together with SolGold totally funding the mission by way of to feasibility, SolGold Plc will personal 85% of the fairness of ENSA and Cornerstone will personal the remaining 15% of ENSA.

Additional data is on the market on Cornerstone’s web site: and on Twitter. For investor, company or media inquiries, please contact, or:

Investor Relations:
Mario Drolet; E-mail:; Tel. (514) 904-1333

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Cautionary Discover:
This information launch might include ‘Ahead-Trying Statements’ that contain dangers and uncertainties, reminiscent of statements of Cornerstone’s beliefs, plans, goals, methods, intentions and expectations. The phrases “potential,” “anticipate,” “forecast,” “consider,” “estimate,” “intend”, “traits”, “point out”, “anticipate,” “might,” “ought to,” “might”, “mission,” “plan,” or the unfavourable or different variations of those phrases and related expressions are meant to be among the many statements that establish ‘Ahead-Trying Statements.’ Particularly, this information launch comprises forward-looking statements together with, with out limitation, with respect to Cornerstone’s and SolGold’s intention to work cooperatively to advance the Cascabel Challenge in northern Ecuador, that Cornerstone and SolGold intend to discover and consider a variety of strategic and financing choices centered on maximizing worth for his or her respective shareholders with respect to the Cascabel Challenge and {that a} new technical report in respect of the Cascabel Challenge shall be accomplished. Though Cornerstone believes that its expectations mirrored in these ‘Ahead-Trying Statements’ are cheap, such statements might contain unknown dangers, uncertainties and different components disclosed in our regulatory filings, considered on the SEDAR web site at For us, uncertainties come up from the behaviour of monetary and metals markets, predicting pure geological phenomena and from quite a few different issues of nationwide, regional, and international scale, together with these of an environmental, climatic, pure, political, financial, enterprise, aggressive, or regulatory nature and, in respect of the subject material of this information launch, no assurance will be on condition that the outcomes of the exploration and analysis of strategic and financing choices will lead to motion of any specific kind. These uncertainties might trigger our precise future outcomes to be materially completely different than these expressed in our Ahead-Trying Statements. Though Cornerstone believes the information and data contained on this information launch to be as right and present as potential, Cornerstone doesn’t warrant or make any illustration as to the accuracy, validity or completeness of any information or data contained herein and these statements shouldn’t be relied upon as representing its views after the date of this information launch. Whereas Cornerstone anticipates that subsequent occasions might trigger its views to vary, it expressly disclaims any obligation to replace the Ahead-Trying Statements contained herein besides the place outcomes have assorted materially from the unique statements.

On Behalf of the Board,
Brooke Macdonald
President and CEO

Neither TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.

1 See “Cascabel Property NI 43-101 Technical Report, Alpala Porphyry Copper-Gold-Silver Deposit – Mineral Useful resource Estimation, January 2021” with an Efficient Date: 18 March 2020 and Amended Date: 15 January 2021 (the “Amended Technical Report”), filed at on January 29, 2021.

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