Central Resources Corp.

Central Resources Corp.

June 30, 2011 11:00 ET

Central Commences Work on Selwyn Creek Project, Dawson Range, Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 30, 2011) - Central Resources Corp. (TSX VENTURE:CBC) ("Central" or the "Company") has begun the 2011 exploration program on its Selwyn Creek properties located in the Dawson Range area of the White Gold district, Yukon.

Initial work consisting of wide spaced and detailed soil sampling, prospecting, geological mapping and trenching will be focused on the "L" block to identify potential drill targets for subsequent testing. The detailed soil sampling will follow up soil anomalies generated last year, the largest of which defined a roughly linear northeast trending, greater than 20 ppb gold anomaly, at least 1,000 metres long and up to 500 metres wide. This anomaly remains open to the northeast and southwest. Within this anomaly, 16 samples ran greater than 50 ppb gold and 6 samples ran better than 100 ppb gold with the highest sample running 470 ppb gold (see news release dated October 13, 2010).

The "L" block consists of 777 claims with an area of 16,250 hectares. The properties were staked on the basis of historic sampling conducted by Archer Cathro & Associates (1981) Limited. Central has the right to earn a 100% interest in the properties from Strategic Metals Ltd.

The 2011 field work will be carried out by Archer Cathro and Associates (1981) Limited and will be supervised by Heather Smith, P. Geo. Ms. Smith is responsible for all aspects of the work including the quality control/quality assurance program.

Paul Reynolds, P. Geo., President of Central and a qualified person as defined by National Instrument 43-101 has reviewed and approved the technical disclosure made in this press release.

About Central Resources

Central Resources Corp. is a junior mineral 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.

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.

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