Centrasia Appoints Malcolm Lake, P. Eng. as Technical Director

VANCOUVER, BRITISH COLUMBIA--(Marketwire - January 24, 2008) - Centrasia Mining Corp. ("Centrasia" or the "Company") (TSX VENTURE: CTM)(OTCBB: CTMHF)(FRANKFURT: C8M) is pleased to announce the appointment of Malcolm Lake as Technical Director. His primary responsibilities will be managing the feasibility study and metallurgical test work on the Company's Souker Nickel Project in the Kola Peninsula. Mr. Lake was the Vice President of Project Development for Canico Resource Corp. from 2003 to 2006. He was instrumental in the development of the $1.1 Billion Onca Puma nickel project. He was responsible for the recruitment of the project execution team that managed the consultants who prepared the feasibility study; including resource estimating, engineering, and environmental and infrastructure development. Concurrent activities included the initiation of discussions with representatives of the Brazil Para State Government leading to tax concessions, access roads improvement and environmental licensing. Mr. Lake was the Technical Director of Ivanhoe Mines from 1998-2003, during which he was responsible for all technical aspects of the development of the Oyu Tolgoi Copper Gold Project in Mongolia. He organized metallurgical test work and commissioned technical programs including environmental, site surveys, and access road survey. Centrasia Chairman Cary Pinkowski, states, "We are very pleased to have Malcolm lending his wealth of experience in Metallurgy and Mine development to Centrasia in developing our Souker Nickel Deposit. We are eager to expedite work in these areas in anticipation of our 43-101 resource estimate." Mr. Lake holds a B.Sc. (Mineral Technology) 1967, Royal School of Mines, London University, England. He is a member of The Association of Professional Engineers of the Province of British Columbia, The Association of Professional Engineers of the Province of Ontario, Member of the Canadian Institute of Mining and Metallurgy, and a Fellow of the Australasian Institute of Mining and Metallurgy. 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