Early Warning News Release for Dmyant Sangha

EARLY WARNING NEWS RELEASE PURSUANT TO
NATIONAL INSTRUMENTS 62-103 AND 62-104

TORONTO, April 1, 2020 /CNW/ - Dmyant Sangha ("Sangha") has today filed an early warning report (the "Early Warning Report") advising of his holdings in common shares ("Common Shares") of Cornerstone Capital Resources Inc. ("Cornerstone"). The Early Warning Report amends information disclosed in an earlier report filed by Sangha dated February 28, 2020.

On April 1, 2020, Maxit Capital LP ("Maxit"), a controlled affiliate of Sangha, acquired an aggregate of 228,500 outstanding Common Shares (the "Purchased Shares"), representing 0.71% of the issued and outstanding Common Shares (on a non-diluted basis), in the open market through the facilitates of the TSX Venture Exchange (the "Transaction").

Prior to the Transaction, Sangha, together with Maxit, owned 6,046,493 Common Shares and 200,000 options to purchase Common Shares (the "Options"), of which 175,000 Options (the "Exercisable Options") were exercisable to purchase Common Shares as of, or within 60 days of, the Transaction. Accordingly, prior to the Transaction, Sangha, together with Maxit, beneficially owned 6,221,493 Common Shares, consisting of 6,046,493 Common Shares and the Exercisable Options, representing beneficial ownership of 19.10% of the outstanding Common Shares (calculated on a partially-diluted basis after giving effect to the exercise of the Exercisable Options). As a result of the Transaction, Sangha, together with Maxit, beneficially own 6,449,993 Common Shares, consisting of 6,274,993 Common Shares and the Exercisable Options, representing 19.80% of the outstanding Common Shares (calculated on a partially-diluted basis after giving effect to the exercise of the Exercisable Options). Assuming the exercise of all the Options, Sangha, together with Maxit, own 6,474,993 Common Shares, representing 19.87% of the outstanding Common Shares (calculated on a partially-diluted basis after giving effect to the exercise of all the Options).

Maxit acquired the Purchased Shares at a price of $1.80 per share for aggregate consideration of $411,300.

The Purchased Shares were acquired for investment purposes. Depending on various factors, including, without limitation, market conditions, general economic and industry conditions, Cornerstone's business and financial condition and/or any other factors that Sangha may deem relevant, Sangha may take such actions with respect to his investment in Cornerstone as he deems appropriate including, without limitation, (i) acquiring, exercising, converting, exchanging, selling or otherwise disposing of securities of Cornerstone or securities exercisable for, or convertible or exchangeable into, securities of Cornerstone and/or (ii) developing plans or intentions or taking actions which relate to or would result in one or more of the transactions or matters referred to in paragraphs (a) through (k) of Item 5 of the Early Warning Report filed on www.sedar.com.

This news release is being issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues and National Instrument 62-104 – Take-Over Bids and Issuer Bids and relates to: (i) the Common Shares of Cornerstone, whose head office is located at 1730 St. Laurent Blvd., Suite 800, Ottawa, Ontario, K1G 3Y7; and (ii) Sangha at 181 Bay Street, Suite 830, Toronto, ON, M5J 2T3. A copy of the Early Warning Report can be obtained at www.sedar.com under Cornerstone's company profile or by contacting Dmyant Sangha at [phone].

SOURCE Dmyant Sangha