Central Resources Corp.: Selwyn Property Amendment to Option Agreement

Central Resources Corp. (TSX VENTURE:CBC) ("Central" or the "Company") is
pleased to announce that it has negotiated an amendment to the option agreement,
previously announced by Central on June 9, 2010, for the Selwyn Creek
properties, located within the Dawson Range, Yukon.


Revised Option Terms

Under the revised option terms, Central can earn 100% ownership of the Selwyn
Creek properties, subject to a 3% Net Smelter Royalty ("NSR") in favour of
Strategic Metals Ltd., by making staged payments to the owners of $150,000
(originally $300,000) cash and 4,000,000 (originally 3,000,000) common shares of
the Company over two years. Central has the right to purchase 1% of the NSR at
any time for a cash payment of $1,000,000. The foregoing is subject to
acceptance by the TSX Venture Exchange.


About the Selwyn Creek Property

Central's Selwyn Creek Properties are located in the Dawson Range, south of the
Yukon River, roughly 200 kilometres south-east of Dawson City, Yukon. The
properties are comprised of 1,025 mineral claims (21,437 hectares) which are
situated along an apparent south-east trending corridor which includes Kaminak
Gold's Coffee discovery, Western Copper's Casino deposit, Tarsis Resources
Prospector Mountain project and Northern Freegold's Nucleus and Revenue
resources.


This area of the Yukon is known for its historical mining of placer gold
deposits and more recent discoveries of epithermal style lode gold and porphyry
related copper-gold-moly mineralization. Gold and copper prospects along this
trend vary from early stage discoveries, through million ounce resources, and
finally advanced stage mine development projects.


Central's Selwyn Creek Properties are generally underlain by meta-sedimentary
and meta-volcanic rocks (schists and gniesses) of inferred Devonian to
Mississippian age, which are intruded by numerous Mesozoic granitic plutons
(granodiorites) associated with gold, copper and molybdenum mineralization.


In 2011, prospecting at the LLL property identified a breccia zone that lies on
the western edge of a broad ridge. This zone appears to be oriented sub-parallel
to a geological contact between quartzite and gneiss, in an area where a
porphyry dyke cuts both units. Geologically favourable material typically ranges
from weakly silicified fault breccia to strongly silicified hydrothermal crackle
breccia. Visual mineralization includes arsenopyrite, minor stibnite and
alteration minerals - scorodite, limonite and jarosite. This breccia zone has
never been drilled or trenched. Limited sampling of mostly grass covered talus
returned encouraging values including 0.697 g/t, 1.125 g/t and 14.15 g/t gold.


Soil sampling in 2011 expanded a zone of coincident, strongly anomalous gold and
arsenic soil geochemistry which encompasses the breccia zone and covers an area
1,200 metres long and 1,000 metres wide. Values from 2011 sampling in this
anomaly range from 20 to 502 ppb gold-in-soil and 100 to 810 ppm
arsenic-in-soil. Antimony values within this zone were weak to strongly
anomalous (5 to 23 ppm).


Three additional soil geochemical targets comprising clusters of moderately to
strongly anomalous gold and arsenic values have been identified elsewhere on the
property. Values within these anomalies range from 20 to 391 ppb gold and 100 to
301 ppm arsenic. No follow up prospecting has been done in the vicinity of these
anomalies. The highest soil result on the property is an isolated gold value of
1,060 ppb.


Paul Reynolds, P. Geo., President of the Company and a qualified person as
defined by NI 43-101, has reviewed and approved the technical disclosure made in
this news release.


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.
Uranium Standard Resources Ltd. (TSXV:CBC)
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