Central Announces Intention to Consolidate Shares and Option Cancellations

Central Resources Corp. (TSX VENTURE:CBC) ("Central" or the "Company") announces
its intention to seek the necessary approvals to consolidate its common shares.


The Company is proposing a consolidation on the basis of one (1)
post-consolidated common share for each three (3) pre-consolidated shares.
Options and warrants outstanding as of the date of the consolidation will be
adjusted in accordance with the consolidation ratio. Central does not propose to
change its name in conjunction with the consolidation.


The proposed consolidation is subject to both the acceptances of the TSX Venture
Exchange and shareholder approval. The Company plans to seek shareholder
approval by way of a written consent in accordance with the policies of the TSX
Venture Exchange. The Company shall provide further information on the timing of
the proposed consolidation in a subsequent news release.


The Company currently has 45,351,000 common shares issued and outstanding and
after the proposed consolidation is undertaken, the Company will have
approximately 15,117,000 common shares issued and outstanding.


The Company also reports that optionees have surrendered for cancellation a
total of 1,225,000 options to purchase common shares of the Company, which
represents all of the outstanding options of the Company.


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
604-630-3731
info@centralres.ca
www.centralres.ca

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