CBC Uranium Standard Resources Ltd.

Central Resources Corp. (TSX VENTURE:CBC) ("Central" or the "Company") is
pleased to announce that it has negotiated a non-brokered private placement of
$750,000 through the sale of 3,750,000 flow-through units at a price of $0.20
per unit.


Each flow through unit will consist of one flow-through common share and one
half of one non flow-through share purchase warrant. Each whole warrant will
entitle the holder to purchase one additional non flow-through common share of
the Company for a period of 12 months from closing at an exercise price of
$0.40. The Company may accelerate the expiry of the warrants (following the
expiry of the 4 month hold period) 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 $0.60 in which event the warrant will
expire 30 calendar days after the date that the Company provides notice to the
holders.


The Company will pay a cash finder's fee equal to 6% of the gross proceeds
raised in the private placement. The Company will also issue that number of
finder's warrants equal to 10% of the number of units sold under the private
placement. Each finder's warrant will entitle the holder to purchase one non
flow-through common share of the Company for a period of 12 months from closing
at an exercise price of $0.40. The finder's warrant will be subject to the same
acceleration provisions as the flow-through units sold in the private placement.


The proceeds from the private placement will be used for exploration work on the
Company's Yukon mineral properties. The 2011 exploration program is planned to
consist of soil sampling and trenching to follow up gold soil anomalies
identified last year. A follow up diamond drill program is planned for fall.


Closing is subject to a due diligence condition and the acceptance of the TSX
Venture Exchange. All securities issued under the private placement will be
subject to a four month hold period.


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.

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