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Central Resources CEO acquires two million shares

2014-07-31 13:19 ET - News Release

Mr. Paul Reynolds reports

Paul Reynolds of 4035 West 31st Ave., Vancouver, B.C., V6S 1Y7, has filed an early warning report dated July 30, 2014, advising of his holdings in Central Resources Corp.

Mr. Reynolds has acquired beneficial ownership of a total of two million common shares and one million warrants of Central, which securities were acquired by Mr. Reynolds by way of a private placement of units at a price of 11 cents per unit for a total consideration of $220,000. These securities represent 21.9 per cent of the issued and outstanding common shares of Central. Immediately prior to the acquisition of the two million shares and one million warrants, Mr. Reynolds held 343,778 common shares of Central. These common shares, together with the two million common shares and one million warrants acquired by Mr. Reynolds, represent an aggregate of 3,343,778 common shares or 24.4 per cent of the then-issued-and-outstanding shares of Central calculated assuming exercise of the one million warrants.

The securities were acquired for investment purposes in a private placement, and Mr. Reynolds may acquire further securities of Central in the future. An early warning report respecting the acquisition has been filed on the System for Electronic Document Analysis and Review (SEDAR) under the issuer's profile.

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