VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 30, 2011) -
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 that its Annual General Meeting was held on November 30, 2011. At the meeting, shareholders received the audited consolidated Financial Statements and Management Discussion & Analysis of the Company for the fiscal year ended June 30, 2011 including the auditors' report thereon and resolved to:
- Re-elect Mr Andrew Spinks as a director of the Company;
- Re-elect Mr David Taylor as a director of the Company;
- Re-elect Mr Brett Hodgins as a director of the Company;
- Re-elect Mr Richard Homsany as a director of the Company;
- Elect Mr Anthony Howland-Rose as a director of the Company;
- Approve the appointment of Davidson & Company, LLP Chartered Accountants, as Canadian auditors of the Company for the 2011-2012 financial year and
- Ratify the Company's stock option plan and the amendment thereto.
Full details of the resolutions passed are contained in the Notice of Meeting and the Management Information Circular. Details of proxies received are contained in Schedule 1.
On behalf of the Board of Directors
CENTRAL IRON ORE LTD.
Brett Hodgins, President/CEO
For further information, please contact: www.centralironorelimited.com
Schedule 1
Results of proxies are:
| Resolution | For | Against | Abstain | Non Vote |
| 1.1 Re-election of Andrew Spinks | 924,867 | 5,000 | 0 | 660,350 |
| 1.2 Re-election of David Taylor | 924,867 | 5,000 | 0 | 660,350 |
| 1.3 Re-election of Brett Hodgins | 924,867 | 5,000 | 0 | 660,350 |
| 1.4 Re-election of Richard Homsany | 924,867 | 5,000 | 0 | 660,350 |
| 1.5 Election of Anthony Howland-Rose | 924,867 | 5,000 | 0 | 660,350 |
| 2 Appointment of Davidson & Company, LLP Chartered Accountants, as Canadian Auditors | 1,585,217 | 5,000 | 0 | 0 |
| 3 Ratification of the Company's stock option plan and amendment thereto | 924,867 | 5,000 | 0 | 660,350 |
ABN: 32 072 871 133
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