Central Resources Corp.

Central Resources Corp.

August 31, 2011 16:00 ET

Central Resources Corp. Exploration Update: Dawson Range Properties

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2011) - Central Resources Corp., (TSX VENTURE:CBC) ("Central" or the "Company") is pleased to provide an update on ongoing exploration work at its Selwyn Creek project located in the Dawson Range, Yukon.

Grid soil sampling has been completed on the "L" Block, the largest of five blocks making up the Selwyn Creek project. A total of 2,379 soil samples were collected and analytical results are pending. This number does not include "no sample" sites. This detailed soil sampling program was designed to follow up soil anomalies defined 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. Follow up prospecting is currently underway on the "L" Block.

Soil sampling on the "O" Block is nearing completion. A total of 986 samples have been collected to date. This number does not include "no sample" sites. The soil sampling program was designed to follow up several strongly anomalous results in gold and arsenic (up to 291 ppb Au and 587 ppm As) from last year's soil sampling program. Previous rock sampling has returned values of 2.48 g/t Au, 5.0 g/t Au and 6.55 g/t Au.

Crews will move to the "M" Block and the Bat property immediately following completion of "O" Block sampling. Exploration work on the "M" Block and the Bat property will consist of prospecting and soil sampling.

The Selwyn Creek project consists of 1,025 claims covering an area of 21,437 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 is being carried out by Archer Cathro and Associates (1981) Limited and is supervised by Heather Smith, P. Geo. Ms. Smith is responsible for all aspects of the work including the quality control/quality assurance program. Crews were instructed not to take samples where good quality soil could not be contained due to frozen volcanic ash or frozen organics which results in several "no sample" sites.

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 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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