Central Revises Tam Property Option

Wed Sep 28, 2011 4:00pm EDT

* Reuters is not responsible for the content in this press release.

  VANCOUVER, BRITISH COLUMBIA, Sep 28 (MARKET WIRE) --
Central Resources Corp. (TSX VENTURE:CBC) ("Central" or the "Company") is
pleased to announce that it has negotiated an extension to the Tam
property agreement. The option agreement has been amended in order to
give the Company more time to complete the required exploration
expenditures. The Tam property is located in the Quesnel Trough area of
BC, approximately 21 kilometres northeast of Lac La Hache, immediately to
the east of GWR Resources Inc.'s Lac La Hache property where diamond
drilling is underway.

    The following description of the Tam property is based upon a National
Instrument 43-101 report prepared for the Company by Calvin Church,
P.Geo., and dated May 14, 2008 (revised June 20, 2008). The entire report
can be found on SEDAR.

    The property is underlain by Nicola Group island arc volcaniclastic and
sedimentary rocks which are intruded by a number of plutons, stocks and
dykes which are part of an alkaline intrusive complex underlying the
Spout Lake area. Nicola Group rocks occur in contact with the Takomkane
batholith to the east and north of the property.

    The claims are located at the southeast end of a large arcuate
aeromagnetic anomaly which reflects magnetite rich phases in the Spout
Lake alkaline intrusive complex and/or alteration zones along its margin.
Past exploration work along the southern limb of this anomaly located a
number of occurrences mineralized with copper plus accessory values in
gold, silver +/- molybdenum and tungsten. Mineralization occurring on the
Tam property consists predominately of pyrite, chalcopyrite, malachite
and bornite and is primarily associated with monzodiorite to syenitic
intrusives and structures.

    There are two significant copper (+/- gold) showings on the property; Tim
1 and Tim 2. The Tim 1 showing is located on the east side of the Tam 3
claim. The Tim 1 zone was tested by Stallion Resources Ltd., in 1983 with
six short diamond drill holes totalling 312 metres. The more significant
mineralized intersections are tabulated below.

    Significant Drill Intersections (1983):


---------------------------------------------------------------------------
                                  INTERVAL                                 
DRILL HOLE   FROM (m)     TO (m)        (m)     Cu (%)   Ag (opt)   Au (opt)
---------------------------------------------------------------------------
DDH 83-1(i)      0.0       45.7       45.7       2.76       0.74      0.018
---------------------------------------------------------------------------
DDH 83-3        16.7       25.9        9.2       0.52       0.15      0.003
---------------------------------------------------------------------------
                47.2       51.8        4.6       0.90       0.09      0.003
---------------------------------------------------------------------------
DDH 83-5        19.8       33.5       13.7       1.03       0.30       0.01
---------------------------------------------------------------------------
DDH 83-6         9.1       13.7        4.6       1.99        N/A        N/A
---------------------------------------------------------------------------
(i) This interval includes 14 samples assaying between 1% and 18% Cu. DDH  
    83-1 drilled at -70 degrees may have been drilled down dip. The true   
    width of the mineralization is unknown.                                


    Drilling at the Tim 1 showing by GWR Resources Inc., in 2001 returned
0.61% copper, 0.18 g/t gold and 6 g/t silver over 17.4 metres, and 0.50%
copper, 0.11 g/t gold, 3.0 g/t silver over 5.6 metres, respectively from
sheared and brecciated monzodiorite.

    The Tim 2 showing is located on the northwest side of the Mat 3 claim.
Grab samples taken over a strike distance of 44 metres by GWR Resources
in 2001 returned 0.212 to 1.915% copper, 7 to 222 ppb gold and 5.9 to
64.5 ppm silver. Other areas of copper mineralization which have not been
evaluated are reported in trenches and along road cuts on the Tam and Mat
claims.

    Induced polarization surveys conducted by Central in 2008 have produced
several anomalous resistivity and chargeability responses that can be
interpreted as exploration targets that warrant further investigation.
The IP surveys clearly show that the IP anomaly in the central portion of
the property is at a depth greater than 100 metres below surface. None of
the previous drilling in this area has penetrated to this depth. This is
clearly a primary drill target.

    Calvin Church, P.Geo., a qualified person as defined by National
Instrument 43-101, has reviewed and approved the technical disclosure
made in this press release.

    Revised Option Terms

    The option agreement has been amended in order to give the Company more
time to complete the required exploration expenditures and make the
required cash and share payments. The total exploration expenditures,
cash and share payments have not changed.

    A summary of the revised terms follows.


---------------------------------------------------------------------------
Date                    Exploration Expenditure          Cash        Shares
---------------------------------------------------------------------------
October 15, 2011                            Nil           Nil       200,000
---------------------------------------------------------------------------
June 30, 2012                          $200,000       $45,000       200,000
---------------------------------------------------------------------------
December 31, 2012        An additional $400,000       $60,000       200,000
---------------------------------------------------------------------------
December 31, 2013        An additional $800,000       $90,000           Nil
---------------------------------------------------------------------------


    About Central Resources

    Central Resources Corp. is a junior exploration company created to
leverage the extensive knowledge and experience of a dedicated group of
financial and resource industry professionals. The Company has acquired
options on several highly prospective mineral properties in the Yukon and
British Columbia and continues to pursue additional opportunities to
build shareholder value.

    This news release contains forward-looking information, which involves
known and unknown risks, uncertainties and other factors that may cause
actual events to differ materially from current expectation. Important
factors - including the availability of funds, the results of financing
efforts, the results of exploration activities -- that could cause actual
results to differ materially from the Company's expectations are
disclosed in the Company's documents filed from time to time on SEDAR
(see www.sedar.com). Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date of this
press release. The Company disclaims any intention or obligation, except
to the extent required by law, to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.

    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.

Contacts:
Central Resources Corp.
Paul Reynolds
President and CEO
604-630-3730
info@centralres.ca
www.centralres.ca

Strike Communications Inc.
James Berard
604-687-2768 or Toll Free: 1-877-459-5507
james@strike-ir.com

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