Central Revises Terms for Canadian Uranium Acquisition and Appoints Director

Central Resources Corp., (TSX VENTURE:CBC) ("Central" or the "Company")
announces that it has revised the terms to acquire (the "Acquisition") all of
the issued and outstanding securities of Canadian Uranium Corp. ("CANU"), a
private British Columbia mining exploration company.


Under the revised Acquisition terms, CANU shareholders will now receive one
common share of the Company ("CBC Share") for every two and one-quarter CANU
common shares ("CANU Shares"). Further, prior to the Acquisition, Central will
effect a consolidation of the CBC Shares (the "Consolidation") on a revised
three for one basis, which would result, on a pro forma basis, in 5,039,000 CBC
Shares issued and outstanding based on the 15,117,000 CBC Shares currently
issued and outstanding.


After completion of the Acquisition, the Company would then have, on a pro forma
basis, 12,948,779 common shares issued and outstanding based on the current
capital structure of CANU and Central, with shareholders of CANU holding
approximately 61% of the issued shares and Central shareholders holding
approximately 39% of the issued shares.


In connection with the Acquisition, the Company is undertaking a private
placement (the "Private Placement") of units for gross proceeds of not less than
$750,000 under the following revised terms: a total of 6,818,182 units will be
offered at a price of $0.11 per unit (equivalent to a pre-Consolidation price of
$0.0367 per unit). Each unit will consist of one common share and one half
transferable share purchase warrant. Each whole warrant will entitle the holder
to purchase, on a post-Consolidation basis, one common share of the Company at a
price of $0.15 during the first year following closing and $0.25 during the
second year following closing. The Company may pay finder's fees and issue
finder's warrants on all or a portion of the proposed financing.


The Company is pleased to announce the appointment of Brian Butterworth to the
board of directors. Mr. Butterworth has 30 years' experience with both major and
junior mining companies in mineral exploration, mine development and capital
markets. Most recently, Brian held the position of Director, North American
Exploration for Cliffs Natural Resources Inc. Prior to joining Cliffs Brian was
Vice President, Mining Investment Banking at Mackie Research Capital.


Completion of the Acquisition is subject to a number of conditions, including,
but not limited to the receipt of all necessary regulatory, corporate and third
party approvals, compliance with all applicable regulatory requirements, and the
completion of the Private Placements for gross proceeds of not less than
$750,000. There can be no assurance that the Acquisition will be completed as
proposed or at all. It is expected that the acquisition will constitute a
Reverse Takeover ("RTO") under the rules and policies of the TSX Venture
Exchange.


Investors are cautioned that, except as disclosed in the Filing Statement to be
prepared in connection with the transaction, any information released or
received with respect to the RTO may not be accurate or complete and should not
be relied upon. Trading in the securities of the Company should be considered
highly speculative. Trading in the Company's shares is currently halted in
compliance with the RTO policies of the TSX Venture Exchange.


The TSX Venture Exchange Inc. has in no way passed upon the merits of the
proposed transaction and has neither approved nor disapproved the contents of
this press release. 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 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
Uranium Standard Resources Ltd. (TSXV:CBC)
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