Press Releases

VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 02/08/12 -- Central Resources Corp. (TSX VENTURE: CBC) ("Central" or the "Company") is pleased to announce that it has negotiated a non-brokered private placement of $200,000 through the sale of 4,000,000 units at a price of $0.05 per unit.

Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of the Company for a period of 12 months from closing at an exercise price of $0.10. 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 $0.20 in which event the warrant will expire 30 calendar days after the date that the Company provides notice to the holders.

The proposed private placement is subject to TSX Venture Exchange acceptance. All securities issued under the private placement will be subject to a four month hold period from the closing date. The proceeds from the private placement will be used for general working capital and to fund exploration of the Company's mineral projects.

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Central Resources Corp.
Paul Reynolds
President and CEO
604-630-3730
info@centralres.ca
www.centralres.ca

Source: Central Resources Corp.

WINNIPEG, MANITOBA -- (MARKET WIRE) -- 02/08/12 -- Arctic Glacier Income Fund (CNSX: AG.UN) today announced it has reached an agreement to settle the class action lawsuit filed in Canada by unitholders of the Fund. The settlement of $13.75 million will be entirely funded by Arctic Glacier's insurers, without the Fund admitting liability or making any monetary contribution. The settlement remains subject to approval by the Ontario Court.

The class action named the Fund and its trustees, its operating company, Arctic Glacier Inc. and certain of its current and past senior officers and directors. The suit sought damages on behalf of all persons who acquired Arctic Glacier units between March 22, 2002 and September 16, 2008 and who held some or all of these units on September 16, 2008. All parties will be released from claims advanced in the class action when the settlement receives final approval.

About Arctic Glacier

Arctic Glacier Income Fund, through its operating company, Arctic Glacier Inc., is a leading producer, marketer and distributor of high-quality packaged ice in North America, primarily under the brand name of Arctic Glacier® Premium Ice. Arctic Glacier operates 39 production plants and 48 distribution facilities across Canada and the northeast, central and western United States servicing more than 75,000 retail locations.

Arctic Glacier Income Fund trust units are listed on the Canadian National Stock Exchange under the trading symbol AG.UN. There are 350.3 million trust units outstanding.

The Toronto Stock Exchange does not approve or disapprove of the adequacy or accuracy of this release.

Contacts:
Arctic Glacier Income Fund
Keith McMahon
President & CEO
Toll free investor relations phone: 1-888-573-9237

Arctic Glacier Income Fund
Doug Bailey
Chief Financial Officer
Toll free investor relations phone: 1-888-573-9237
www.arcticglacier.com

Source: Arctic Glacier Income Fund

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 8, 2012) - Central Resources Corp. (TSX VENTURE: CBC) ("Central" or the "Company") is pleased to announce that it has negotiated a non-brokered private placement of $200,000 through the sale of 4,000,000 units at a price of $0.05 per unit.

Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of the Company for a period of 12 months from closing at an exercise price of $0.10. 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 $0.20 in which event the warrant will expire 30 calendar days after the date that the Company provides notice to the holders.

The proposed private placement is subject to TSX Venture Exchange acceptance. All securities issued under the private placement will be subject to a four month hold period from the closing date. The proceeds from the private placement will be used for general working capital and to fund exploration of the Company's mineral projects.

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT:
        Central Resources Corp.
        Paul Reynolds
        President and CEO
        604-630-3730
        info@centralres.ca
        www.centralres.ca

Source: Central Resources Corp.

WINNIPEG, MANITOBA--(Marketwire - Feb. 8, 2012) - Arctic Glacier Income Fund (CNSX:AG.UN) today announced it has reached an agreement to settle the class action lawsuit filed in Canada by unitholders of the Fund. The settlement of $13.75 million will be entirely funded by Arctic Glacier's insurers, without the Fund admitting liability or making any monetary contribution. The settlement remains subject to approval by the Ontario Court.

The class action named the Fund and its trustees, its operating company, Arctic Glacier Inc. and certain of its current and past senior officers and directors. The suit sought damages on behalf of all persons who acquired Arctic Glacier units between March 22, 2002 and September 16, 2008 and who held some or all of these units on September 16, 2008. All parties will be released from claims advanced in the class action when the settlement receives final approval.

About Arctic Glacier

Arctic Glacier Income Fund, through its operating company, Arctic Glacier Inc., is a leading producer, marketer and distributor of high-quality packaged ice in North America, primarily under the brand name of Arctic Glacier(R) Premium Ice. Arctic Glacier operates 39 production plants and 48 distribution facilities across Canada and the northeast, central and western United States servicing more than 75,000 retail locations.

Arctic Glacier Income Fund trust units are listed on the Canadian National Stock Exchange under the trading symbol AG.UN. There are 350.3 million trust units outstanding.

The Toronto Stock Exchange does not approve or disapprove of the adequacy or accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT:
        Arctic Glacier Income Fund
        Keith McMahon
        President & CEO
        Toll free investor relations phone: 1-888-573-9237

        Arctic Glacier Income Fund
        Doug Bailey
        Chief Financial Officer
        Toll free investor relations phone: 1-888-573-9237
        www.arcticglacier.com

Source: Arctic Glacier Income Fund

PHILADELPHIA--(BUSINESS WIRE)-- The ACE Group today announced the introduction of an enhanced easy-to-use ACE TankSafe® program that streamlines environmental coverage for owners and operators of aboveground and underground storage tanks.

Companies and organizations that own or operate storage tanks of all sizes in diverse industries face significant pollution risks and often must satisfy federal and/or state requirements to demonstrate financial responsibility. These industries include healthcare facilities, municipalities, educational institutions, auto dealerships, gas stations, and convenience stores, as well as airports, marinas, commercial and industrial facilities, and manufacturing plants.

The enhanced ACE TankSafe program leads the insurance industry by combining aboveground and underground coverage in a single policy, provided on an admitted basis in forty-eight (48) jurisdictions within the United States. This coverage is available to tank owners, operators and their brokers through an innovative online process that simplifies the steps required for obtaining coverage, from submission through policy and financial responsibility certificate issuance.

“Storage tank owners and operators, from small businesses to the largest operations, face growing public awareness and broader environmental regulations. Our enhanced ACE TankSafe program addresses their need to manage their aboveground and underground storage tank coverage with an integrated solution,� said William P. Hazelton, Executive Vice President, ACE Environmental Risk. “We are pleased to continue our commitment to serve the unique environmental needs of this community with a simplified, affordable and readily available solution.�

“The single combined ACE TankSafe policy is a cost-effective response. It builds on the ACE TankSafe offering we launched in 2003 and is available through a proprietary online platform. With a minimum premium as low as $350 and limits up to $5 million aggregate, ACE TankSafe is designed to address the needs of every aboveground and underground storage tank operation,� said Stela T. Flanagan, Assistant Vice President, Environmental, ACE Commercial Risk Services.

Key Features of the ACE TankSafe program include:

• Coverage for third party bodily injury and property damage claims resulting from storage tank incidents that involve scheduled storage tanks
• Coverage for corrective action costs resulting from storage tank incidents that involve scheduled storage tanks
• Available on an admitted basis in forty-eight (48) jurisdictions
• Instant online certificate issuance that satisfies federal and/or state requirements for storage tank financial responsibility
• Electronic account management
• Experienced underwriters for large, unique storage tank risks, or storage tanks installed prior to 1975 that require tailored solutions
• Dedicated claims specialists
• Customized storage tank Compliance and Program Management , available through ESIS Health, Safety and Environmental Services, including site closure, remedial design and implementation and Spill Prevention Control and Countermeasures (SPCC) Plans

To learn more about the ACE TankSafe program, and other ACE Environmental Risk products and services, please visit our website. To learn more about ACE Commercial Risk Services and their offerings tailored to the small business market, including ACE TankSafe, please visit our website. To learn more about obtaining a quote, please access the ACE TankSafe online platform.

ACE Environmental Risk, an ACE USA business unit and part of the ACE Group, offers a full range of environmental liability solutions designed to minimize bottom-line impacts, and provide hands-on management for those liabilities. ACE Commercial Risk Services is an operation within the ACE Group that is dedicated to providing specialty insurance products that offer solutions for small business insurance needs in North America. ESIS® Inc. (‘ESIS’) is part of the ACE Group, providing claims and risk management services to a wide variety of commercial clients. Insurance is provided by insurers within the ACE Group.

The product information above is a summary only. The insurance policy actually issued contains the terms and conditions of the contract. All products may not be available in all states. Surplus lines insurance sold only through licensed surplus lines producers. ESIS risk control services may be sold directly to ESIS’s clients, or part of insurance underwriting. Risk control activities conducted on behalf of the insurer are not intended as a direct benefit or service to ACE.

The ACE Group is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited (NYSE: ACE), a component of the S&P 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at: www.acegroup.com.

ACE North America CommunicationsCarla Ferrara, 215-640-4744carla.ferrara@acegroup.com

Source: ACE Group