CBC Uranium Standard Resources Ltd.

Central Resources Corp. (TSX VENTURE: CBC) ("Central" or the "Company") is pleased to announce the closing of a non-brokered private placement for gross proceeds of $750,000 with the MineralFields Group through the sale of 3,750,000 flow-through units at a price of $0.20 per unit.

Each flow through unit consists of one flow-through common share and one half of one non flow-through share purchase warrant. Each whole warrant will entitle the holder to purchase one additional non flow-through common share of the Company for a period of 12 months from closing at an exercise price of $0.40. The Company may accelerate the expiry of the warrants (following the expiry of the 4 month hold period applicable to the warrants) 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 $0.60 in which event the warrant will expire 30 calendar days after the date that the Company provides notice to the holders.

A cash finder's fee of $45,000 was paid to Limited Market Dealer Inc. ("LMD) in connection with the financing. The Company also issued 375,000 finder's warrants to LMD. Each finder's warrant will entitle the holder to purchase one non flow-through common share of the Company for a period of 12 months from closing at an exercise price of $0.40. The finder's warrants are subject to the same acceleration provisions as the warrants issued as part of the flow-through units sold in the private placement.

All securities issued under the private placement are subject to a statutory hold period expiring on October 2, 2011.

The proceeds from the private placement will be used for exploration work on the Company's Yukon mineral properties. The 2011 exploration program is planned to consist of soil sampling and trenching to follow up gold soil anomalies identified last year. A follow up diamond drill program is planned for fall.

About MineralFields, Pathway and First Canadian Securities

MineralFields Group (a division of Pathway Asset Management), based in Toronto, Montreal, Vancouver and Calgary, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities® (a division of Limited Market Dealer Inc.) is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies. MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities®.

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