Issue of Shares to Consultants

ABN: 32 072 871 133

Central Iron Ore Ltd

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

NEWS RELEASE Symbol: CIO-TSXV

September 7, 2010 For Immediate Dissemination

ISSUE OF SHARES TO CONSULTANTS

VANCOUVER, BRITISH COLUMBIA – (Marketwire – September 7, 2010), Central Iron Ore Ltd (CIO - TSX.V) (“the Company”) is pleased to announce that it will issue an aggregate of 1,000,000 common shares at a deemed price of $0.20 per share as partial consideration for services rendered by three arm's length consultants in relation to the identification of areas in the Gadacie and Lake Barlee areas of Western Australia prospective for iron ore exploration, as announced previously on February 1, 2010. When issued, the shares will be subject to a four month hold period pursuant to the policies of TSX Venture Exchange.

On behalf of the Board of Directors

CENTRAL IRON ORE LTD.

“Andrew Spinks”

____________________________ Andrew Spinks, President/CEO

For further information, please contact:

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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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