Central Increases and Closes Financing

Central Resources Corp., (TSX VENTURE:CBC) ("Central" or the "Company") is
pleased to announce that it has increased and subsequently closed the
non-brokered private placement previously announced on February 8, 2012.


To accommodate oversubscriptions, a total of 4,100,000 units were issued at a
price of $0.05 per unit for gross proceeds of $205,000. Each unit consists of
one common share and one transferable share purchase warrant. Each whole warrant
will entitle the holder to purchase one additional common share of the Company
for a period of 12 months from closing at an exercise price of $0.10. The
Company may accelerate the expiry of the warrants (following the expiry of the 4
month hold period applicable to the warrants) if the twenty-day volume-weighted
average trading price of the shares on the TSX Venture Exchange (or such other
exchange on which the shares may be listed) exceeds $0.20 in which event the
warrant will expire 30 calendar days after the date that the Company provides
notice to the holders.


All securities issued under the private placement are subject to a statutory
hold period expiring on July 7, 2012.


The proceeds from the private placement will be used for general working capital
and to fund exploration work on the Company's mineral properties.


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.