Central Announces $300,000 Financing

Central Resources Corp. (TSX VENTURE:CBC) ("Central" or the "Company") announces
that it is undertaking a non-brokered private placement of up to $300,000
through the sale of up to 12,000,000 units at a price of $0.025 per unit.


Each unit will consist of one common share and one transferable share purchase
warrant. Each warrant will entitle the holder to purchase one additional common
share of the Company at a price of $0.05 during the first year following the
closing date and $0.10 during the second year following the closing date. 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 $0.10 in in the first year following the closing
date and $0.20 in the second year following the closing date, in which event the
warrants 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,
including TSX-V's Bulletin dated August 17, 2012, Private Placements - Temporary
Relief from Certain Pricing Requirements. All securities issued under the
private placement will be subject to a four month hold period from the closing
date. The Company may pay finder's fees and issue finder's warrants on all or a
portion of the proposed financing. The proceeds from the private placement will
be used to fund exploration of the Company's mineral projects and for general
working capital purposes.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Central Resources Corp.
Paul Reynolds
President and CEO
604-630-3730
info@centralres.ca
www.centralres.ca

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