Mr. Paul Reynolds reports

CENTRAL ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Central Resources Corp. has closed its previously announced non-brokered private placement pursuant to which it has issued 7.68 million units of the company, at a subscription price of 11 cents per unit, for gross proceeds to the company of $844,800.

Each unit is composed of one common share and one-half of one share purchase warrant of the company, and each whole warrant will entitle the holder thereof to purchase one additional common share of the company for a period of two years at an exercise price of 15 cents per warrant share for the first year and 25 cents per warrant share for the second year.

In connection with the closing, the company paid an aggregate cash commission of $42,966 to certain arm's-length finders (equal to 7 per cent of the proceeds raised by such finders) and issued 390,600 warrants to certain arm's-length finders (equal to 7 per cent of the units sold by such finders). The finders' warrants have the same terms as the warrants issued under the private placement.

All securities issued pursuant to the private placement will be subject to a hold period expiring on Nov. 30, 2014, in accordance with the policies of the TSX Venture Exchange and applicable securities laws. The net proceeds of the private placement will be used to advance the company's exploration properties, primarily the Whitford Lake property, upon, and subject to, the closing of the acquisition of Canadian Uranium, and for general corporate purposes.

We seek Safe Harbor.