Central Iron Ore Ltd.: Board and Management Changes

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 25, 2013) -

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) ("CIO" or "the Company") wishes to announce that Mr David Taylor has resigned as a director of CIO and Mr Graham Hurwitz has resigned from the role of Chief Financial Officer.

Mr David Deitz, whose details are set out below, has been appointed to the role of Chief Financial Officer.

The board of directors thanks Mr Taylor and Mr Hurwitz for their contributions to CIO and wishes them well in their future endeavours.

Mr David Deitz, B.Com, MAusIMM, CPA

Mr Deitz is a Financial Accountant with over eighteen years experience in the mineral exploration industry.

Mr Deitz joined Allegiance Mining NL in 1996 and became a director in August, 2000. As Chief Financial Officer of Allegiance Mining NL he was part of the team that, along with Mr Anthony Howland-Rose, presided over the discovery, drill out, financing and construction of the AUD$180 million Avebury Mine and processing facility, for which he was co-recipient of the Association of Mining & Exploration Companies (AMEC) Prospector of the Year Award in 2007. Allegiance Mining NL was acquired by a hostile takeover by Zinifex Limited in 2008 for approximately AUD$860 million.

Mr Deitz is presently the Chief Executive Officer and a director of Gullewa Limited and a non executive director of Allegiance Coal Limited.

On behalf of the Board of Directors

CENTRAL IRON ORE LTD.

Brett Hodgins, President/CEO

Neither the 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.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking information within the meaning of Canadian securities laws. 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