Central Resources Corp.

Central Resources Corp.

September 15, 2011 16:50 ET

Central Discovers New Gold Showing at TAC Property Samples up to 3.9 Grams per Tonne Gold

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 15, 2011) - Central Resources Corp. (TSX VENTURE:CBC) ("Central" or the "Company") is pleased to provide results from exploration of the TAC property, Yukon. A four day reconnaissance exploration program was conducted with a three man crew. Exploration work was focused on assessing the nature and extent of the known gold mineralization at the Rhyolite Zone and following up an anomalous rock sample collected last year which has led to the discovery of a new gold mineralized showing.

No Name Creek Zone

While following up an anomalous gold result from last year, a new mineralized zone was discovered. The No Name Creek Zone is characterized by moderately altered and silicified granodiorite in close proximity to a quartz-feldspar porphyry. Nine grab samples were collected from an area of about 200 metres by 200 metres. Of the nine samples collected, five samples exceeded 100 ppb gold, two samples exceeded 500 ppb gold and one sample exceeded 1,000 ppb gold. The highest value obtained was 3,887 ppb (3.9 grams per tonne) gold. See Table 1 for the significant results.

Rhyolite Zone

A total of 21 samples were collected from the Rhyolite Zone and the area immediately surrounding it. Of the 21 samples collected, 13 samples exceeded 50 ppb gold, 12 samples exceeded 100 ppb gold and four samples exceeded 500 ppb gold. The highest value obtained was 1,099 ppb (1.1 grams per tonne) gold. See Table 1 for the significant results.

Previous work has shown that the Rhyolite Zone is characterized by a large gossanous (iron-oxide stained) quartz-sericite alteration zone measuring 500 by 800 metres, hosted by rhyolite tuffs. Within this area, a 180 metre wide body of sheared and silicified rhyolite, exposed in a creek drainage, has returned multiple grab samples consistently running 500 to 1,500 ppb gold (see news release dated March 30, 2011). Results from the current sampling program show that mineralization extends in to the surrounding granodiorite. Elsewhere on the property, historic samples of quartz vein-breccia float returned values as high as 8,400 ppb (8.4 g/t) gold and 108 g/t (3.5 opt ) silver. The outcrop source of these mineralized samples has yet to be identified. Central is encouraged by the geological setting of the TAC claims and the tenor of gold mineralization found to date.

Table 1: Significant results
Showing Sample UTM
Sample Type Sample
Lithology Gold
No Name Creek 578004 472829 6690992 Outcrop Grab Granodiorite 108 7.60 0.05
No Name Creek 579858 472904 6691008 Outcrop Grab Quartz-feldspar porphyry 197 5.20 0.20
No Name Creek 579859 472904 6691008 Outcrop Grab Granodiorite 3887 19.20 0.05
No Name Creek 579860 472901 6690988 Outcrop Grab Quartz 657 26.50 0.20
No Name Creek 579861 472884 6690902 Outcrop Grab Qtz-pyrite shear zone 257 16.70 0.70
Rhyolite 578007 471075 6692032 Outcrop Chip 0.50 Granodiorite 814 2729.70 0.10
Rhyolite 578009 470971 6692039 Outcrop Grab Rhyolite 312 1070.80 0.20
Rhyolite 578010 470974 6692064 Outcrop Chip 1.00 Rhyolite 1099 4053.30 0.10
Rhyolite 579852 471185 6692134 Float Grab Rhyolite 682 181.40 7.40
Rhyolite 579866 471003 6692005 Float Grab Quartz 227 643.20 0.10
Rhyolite 579867 470981 6692004 Outcrop Chip 0.60 Rhyolite 212 3841.60 0.20
Rhyolite 579868 470981 6692004 Outcrop Chip 2.50 Rhyolite 470 3900.30 0.40
Rhyolite 579869 470981 6692004 Outcrop Chip 4.00 Rhyolite 312 1258.60 0.30
Rhyolite 579870 470935 6692111 Outcrop Chip 4.50 Rhyolite 205 1712.60 0.05
Rhyolite 579871 470935 6692111 Outcrop Chip 6.50 Rhyolite 425 1597.50 0.05
Rhyolite 579873 471045 6692193 Float Grab Rhyolite 433 1252.40 0.20
Rhyolite 579874 471050 6692200 Outcrop Grab Brecciated phyllite 777 157.10 0.05

Field work was supervised by Paul Reynolds, P.Geo., President of Central Resources Corp., a Qualified Person under the definition of National Instrument 43-101. Mr. Reynolds is responsible for all aspects of the work including the quality control/quality assurance program. On-site personnel at the project collect and track samples which are then sealed and shipped to Acme Analytical Laboratories Ltd., in Vancouver. Acme's quality control system complies with the requirements for the international standards ISO 9001:2008. Analytical accuracy and precision are monitored at the laboratory by the analysis of reagent blanks, reference material and replicate samples.

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

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.

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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