Central Announces $200,000 Financing

Wed Feb 8, 2012 5:37pm EST

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

  VANCOUVER, BRITISH COLUMBIA, Feb 08 (MARKET WIRE) --
Central Resources Corp. (TSX VENTURE:CBC) ("Central" or the "Company") is
pleased to announce that it has negotiated a non-brokered private
placement of $200,000 through the sale of 4,000,000 units at a price of
$0.05 per unit.

    Each unit will consist of one common share and one share purchase
warrant. Each warrant will entitle the holder to purchase one additional
common share of the Company for a period of 12 months from closing at an
exercise price of $0.10. The Company may accelerate the expiry of the
warrants (following the expiry of the 4 month hold period) if the
twenty-day volume-weighted average trading price of the shares on the TSX
Venture Exchange (or such other exchange on which the shares may be
listed) exceeds $0.20 in which event the warrant will expire 30 calendar
days after the date that the Company provides notice to the holders.

    The proposed private placement is subject to TSX Venture Exchange
acceptance. All securities issued under the private placement will be
subject to a four month hold period from the closing date. The proceeds
from the private placement will be used for general working capital and
to fund exploration of the Company's mineral projects.

    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

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