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File: Central - News Release announcing closing of private placement.DOCX

Central Announces Closing of Private Placement
 
Vancouver, BC, July 30, 2014 - Central Resources Corp., (TSX-V:CBC) ("Central" or the "Company") is pleased to announc
--->e that it has now closed its previously announced non-brokered private placement pursuant to which it has issued 7,680
--->,000 units (the "Units") of the Company, at a subscription price of $0.11 per Unit, for gross proceeds to the Company 
--->of $844,800 (the "Private Placement").
Each Unit is comprised of one common share (each, a "Share") and one-half of one share purchase warrant (each, a "Warr
--->ant") of the Company, and each whole Warrant will entitle the holder thereof to purchase one additional common share (
--->each, a "Warrant Share") of the Company for a period of two years at an exercise price of $0.15 per Warrant Share for 
--->the first year and $0.25 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 finde
--->rs (equal to 7% of the proceeds raised by such finders) and issued 390,600 warrants (the "Finder's Warrants") to certa
--->in arm's-length finders (equal to 7% of the Units sold by such finders).  The Finder's 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 November 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 cor
--->porate purposes.
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 continues to pursue additional opportu
--->nities to build shareholder value.
Contact:

Paul Reynolds  President and CEO
Central Resources Corp.
Tel: 604 630 3731
Email: info@centralres.ca
Website: www.centralres.ca
 
 
 
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approve
--->d nor disapproved the contents of this press release. Neither TSX Venture Exchange nor its Regulation Services Provide
--->r (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or acc
--->uracy of this release.
This news release contains forward-looking information, including, but not limited to, the closing of the proposed acq
--->uisition of Canadian Uranium, which involves known and unknown risks, uncertainties and other factors that may cause a
--->ctual events to differ materially from current expectations. In particular, in making these statements, the Company ha
--->s assumed, among other things, that the proposed transaction will receive the required regulatory and other approvals 
--->and that the other conditions to the proposed transaction can be satisfied in accordance with their terms.  Other impo
--->rtant factors - including the availability of funds, the results of financing efforts, the results of exploration acti
--->vities -- that could cause actual results to differ materially from the Company's expectations are disclosed in the Co
--->mpany's documents filed from time to time on SEDAR (see www.sedar.com).  There are no assurances that the proposed acq
--->uisition of Canadian Uranium will occur and 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.



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