Central Closes $300,000 Financing

Central Resources Corp. (TSX VENTURE:CBC) ("Central" or the "Company") is
pleased to announce that it has closed the non-brokered private placement
previously announced on December 7, 2012.


A total of 12,000,000 units were issued at a price of $0.025 per unit for gross
proceeds of $300,000. Each unit consists of one common share of the company and
one warrant. Each warrant entitles 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 ("TSX-V") (or such other exchange on
which the shares may be listed) exceeds $0.10 in in the first year following the
closing date or $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.


All securities issued under the private placement are subject to a statutory
hold period expiring on April 28, 2013.


The private placement was completed pursuant to the temporary relief measures
provided under TSX-V's Bulletin dated August 17, 2012, Private Placements -
Temporary Relief from Certain Pricing Requirements and is subject to final TSX-V
approval. The directors of the Company have approved the financing. 


The Company intends to use the proceeds raised from the private placement to
fund expenditures made in connection with completion of the exploration program
of Company's Tam property and general working capital needs of the Company, as
follows:




Use of Proceeds                                                       Amount
----------------------------------------------------------------------------
Exploration Program Expenditures for Tam Property                   $260,000
TSX Venture Exchange Filing Fees                                      $5,000
Audit Fees and General Working Capital                               $35,000
Total                                                               $300,000



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, including the expected
use of proceeds, 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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