Central Announces Consolidation of Common Shares

Central Resources Corp. (TSX VENTURE:CBC) ("Central" or the "Company") is
pleased to announce that, further to its news release of April 18, 2013,
effective July 12, 2013, the Company has consolidated its common shares on the
basis of one (1) post-consolidated common share (the "Post-Consolidation
Shares") for every three (3) pre-consolidated common shares held (the
"Consolidation"). The new CUSIP number will be 15505Q209 and the new ISIN number
will be CA15505Q2099. The Company's name and stock symbol will remain unchanged
following the Consolidation.


The Consolidation was approved by the Company's shareholders by way of written
consent in accordance with the policies of the TSX Venture Exchange. The Company
currently has 45,351,000 common shares issued and outstanding and immediately
following the Consolidation will have approximately 15,117,000 common shares
issued and outstanding. The exact number of post-consolidated shares will vary
depending on the treatment of fractional shares which will occur when each
shareholder's holdings in the Company are consolidated.


A letter of transmittal with respect to the Consolidation is being mailed to all
registered shareholders of the Company as at July 12, 2013. All registered
shareholders will be required to send their respective certificates representing
the pre-consolidated common shares along with a properly executed letter of
transmittal to the Company's transfer agent, Equity Financial Trust Company
("Equity"), all in accordance with the instructions provided in the letter of
transmittal. All shareholders who submit a duly completed letter of transmittal,
along with their respective pre-consolidated common share certificate(s) to
Equity, will receive a post-consolidated common share certificate representing
the new number of post-consolidated common shares held by such shareholder.


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.


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 news release.


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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