Central Iron Ore Ltd.: Completion of Helimag Aerial Survey Over Perinvale South Iron Ore Hub

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES


Central Iron Ore Ltd. (TSX VENTURE:CIO) (the "Company") is pleased to announce
the completion of a Helimag and radiometric aerial survey flown over its
Perinvale South Iron Ore Hub. 


The survey was flown over E30/414 for a total of 917 line kilometres on a
spacing of 100m. The data revealed several magnetic anomalies with a combined
strike length in excess of 12km. This data is currently being processed and
reviewed by an independent geophysical consulting firm. The results will be used
to develop exploration drilling targets and are expected during the next
quarter.


Yilgarn Iron Ore Project Area

The Company has a total of 10 tenements covering 652km2 (refer to table below)
that are located within the Yilgarn Iron Ore Province. The Yilgarn Iron Ore
Province is considered highly prospective, given its history of large-scale iron
ore production, with the Cliffs Natural Resources Inc.-owned Koolyanobbing
operation (also formerly operated by Portman Limited) currently producing at a
rate of about 8Mtpa of direct shipping ore ("DSO"). The Yilgarn Iron Ore
Province is increasingly being recognised as an attractive location for the
development of iron ore projects, given its proximity to rail and access to
ports. 


The Company believes its greater Yilgarn Iron Ore Project tenement package
provides a significant platform for the exploration for iron ore and will
provide a significant, new future phase of growth for the Company. 


The initial strategy and objective of the Company is to evaluate the occurrence
of both magnetite ore and DSO within the below tenements to gain an initial
understanding of their respective resource potential. The initial area of focus
for the Company is its Perinvale South Iron Ore Hub.


Mr Brett Hodgins, President and CEO, said, "We are extremely pleased by the
progress of the geophysical and field mapping activities. These combined
exploration activities will allow for target generation and further exploration
activities during the next quarter on the Perinvale South Iron Ore Hub. This
reinforces CIO's strategy to identify sufficient DSO resources to support a
start up project."


To view the maps accompanying this press release please visit the following
link: http://media3.marketwire.com/docs/capmap922.pdf




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Hub                  Tenement          Status                     Area (km2)
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Perinvale South      E30/414           Granted                           93
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Perinvale South      E30/415           Granted                           93
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Perinvale South      P30/1084          Granted                            1
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Perinvale North      E57/818           Granted                          120
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Windarling           E77/1820          Granted                           12
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Windarling           E77/1737          Granted                           42
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Diemals              E77/1749          Granted                          111
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Diemals              E77/1757          Granted                          114
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Diemals              E77/1758          Granted                           39
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Diemals              E77/1840          Pending                           27
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QUALIFIED PERSON

Mr. Andrew Spinks B.App.Sc, Grad.Dip (Mining), a member of AusIMM, and a
consultant geologist, is a Qualified Person as defined in National Instrument
43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").


On behalf of the Board of Directors

CENTRAL IRON ORE LTD.

Brett Hodgins, President/CEO

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking information within the meaning of
Canadian securities laws. Such information includes, without limitation,
information regarding completion of helimag aerial survey over Perinvale South
Iron Ore hub. Although the Company believes that such information is reasonable,
it can give no assurance that such expectations will prove to be correct.
Forward-looking information is typically identified by words such as: believe,
expect, anticipate, intend, estimate, postulate and similar expressions, or are
those, which, by their nature, refer to future events. The Company cautions
investors that any forward-looking information provided by the Company is not a
guarantee of future results or performance, and that actual results may differ
materially from those in forward looking information as a result of various
factors, including, but not limited to, the state of the financial markets for
the Company's equity securities, the state of the market for iron ore or other
minerals that may be produced generally, recent market volatility; variations in
the nature, quality and quantity of any mineral deposits that may be located,
the Company's ability to obtain any necessary permits, consents or
authorizations required for its activities, to raise the necessary capital or to
be fully able to implement its business strategies and other risks associated
with the exploration and development of mineral properties. The reader is
referred to the Company's disclosure documents for a more complete discussion of
such risk factors and their potential effects, copies of which may be accessed
through the Company's page on SEDAR at www.sedar.com.


ABN: 32 072 871 133
Central Iron Ore (TSXV:CIO)
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