Central Resources Corp.

Central Resources Corp.

February 03, 2010 07:00 ET

Central Resumes Drilling at Red Lake, Ontario

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 3, 2010) - Central Resources Corp., (TSX VENTURE:CBC) ("Central" or the "Company") is pleased to announce that drilling has resumed on the Newman Todd gold project in Red Lake, Ontario. The diamond drill program will focus on expanding the known zones of mineralization and will continue to test the structural trend on the property. As announced on January 12, 2010, Central completed a four hole drill program in late 2009 targeting gold mineralization in two areas 400 metres apart which resulted in three of the four holes intersecting intervals of greater than 20 g/t gold.

"We are very encouraged by the success of our drill program in December 2009 and we are looking forward to continuing to test the Newman Todd structural zone," said Paul Reynolds, President and Chief Executive Officer of Central Resources. "The work completed to date has defined multiple zones of high grade gold mineralization within a structural trend that can be traced for 2,000 metres. The current drill program will continue to outline the near surface gold zones encountered in previous drilling and to test these known gold zones at depth and along strike."

The Newman Todd property is located in the Red Lake gold camp which is one of the richest gold regions in the world and includes Goldcorp's Campbell and Red Lake mines. Central has an option from Redstar Gold Corp. (TSX VENTURE:RGC) to earn a 60% interest in the property by incurring $6.5 million in exploration work and issuing 1,250,000 shares to Redstar.

Peter Thiersch, M. Sc., P. Geo., a "Qualified Person" as defined by National Instrument 43-101, has reviewed and approved the technical disclosure in this news release.

About Central Resources

Central Resources Corp. is a junior mineral exploration company created to leverage the extensive knowledge and expertise of a team of financial and resource industry professionals. The management team is committed to developing a successful junior resource company through the acquisition and exploration of properties of merit.

This news release may contain 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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