Centrasia Identifies Coincident Geophysical and Geochemical Anomalies on Uleeta Ni-PGM Prospect

on Kola Peninsula

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 12, 2008) - Centrasia Mining Corp. ("the Company") (TSX VENTURE: CTM)(OTCBB: CTMHF)(FRANKFURT: C8M) announces that ground Induced Polarization ("IP") and Magnetic Surveys have identified a three-kilometer long, high-magnitude IP anomaly, indicative of potential sulfide mineralization, on its 100% owned Uleeta Ni-PGM prospect on the Kola Peninsula. Rock chip samples from outcrops within the geophysical anomaly returned values from below detection to a maximum of 0.3% Ni, 0.08 gram/tonne Pd, and 0.1 gram/ton Pt. This exploration license covers 240 square kilometers covering a previously identified but undrilled layered ultramafic intrusive. This exploration license is 100% owned by RudpromInvest, a wholly owned subsidiary of Centrasia Mining Corp. Geophysical surveys consisted of 150 line kilometers IP/resistivity and 143 kilometers of ground magnetics over a part of the ultramafic intrusive.

Geophysical anomalies were defined as areas of magnetite destruction coupled with areas of high chargeability. A total of 720 geochemical samples of soil and outcrop were collected along the geophysical traverse lines. A 1,000 meter drill program will commence in the spring. Please go to www.centrasiamining.com to see the latest geophysics and maps of Uleeta and Tsaga platinum metal group prospects.

Cary Pinkowski, Chairman of the Board says, "We are very pleased with the exciting results of the geochemical and geophysical surveys and we are looking forward to begin drilling on this property this spring."

All of Centrasia's exploration programs are carried out under the supervision of the Bill Tafuri, P.Geol., the Company's Vice President of Exploration and a "Qualified Person" for the purposes of NI 43-101.

Centrasia is listed for trading on the TSX Venture under the symbol "CTM", on the OTCBB under the symbol "CTMHF" and on the Frankfurt Exchange under the symbol "C8M". To find out more about Centrasia Mining Corp., please visit the company website at www.centrasiamining.com.

On behalf of the Board of Directors of CENTRASIA MINING CORP.

Cary Pinkowski, Chairman

The TSX Venture Exchange does not accept responsibility for the adequacy or the accuracy of this release.

Contacts:
Centrasia Mining Corp.
Cary Pinkowski
Chairman
(604) 688-4110
(604) 688-4169 (FAX)
Website www.centrasiamining.com

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