Issue of Incentive Stock Options

CENTRAL IRON ORE LIMITED

# 916 – 925 West Georgia Street, Vancouver, BC V6C 3L2 Canada Tel. 604.687.0775 Fax. 604.687.0710 www.internationalgoldmining.com

NEWS RELEASE Symbol: CIO-TSXV January 25, 2010 For Immediate Dissemination

Issue of Incentive Stock Options

Central Iron Ore Limited (TSX.V:CIO) ( “the Company”) is pleased to announce that pursuant to the Company’s Stock Option Plan it has today granted an aggregate of 2,000,000 incentive stock options to various directors, officers, employees and consultants.

The options are exercisable for a 3-year period at CAD $0.25 per share and will be subject to a four-month hold period commencing on the date of the grant.

This grant of new options cancels and replaces all previously granted options, which received disinterested shareholder approval at the Company's Annual General Meeting.

On behalf of the Board of Directors

CENTRAL IRON ORE LIMITED

“Andrew Spinks”

____________________________ Andrew Spinks, President/CEO

For further information, please contact:

www.internationalgoldmining.com

Investor and Media Inquiries:

Capital Street Group 1641 Lonsdale Ave, Suite 869 North Vancouver, B.C. V7M 2J5 TOLL Free IR Line: 1-888-684-1183 Direct: (604) 988-8186 Email:[email protected]

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