Central Natural Resources, Inc. signs Lease Agreement with Newfield Exploration and declares an increased Quarterly Dividend.

Central Natural Resources, Inc. (CTNR) signed a lease agreement whereby Newfield Exploration will lease 600 acres of CTNR's property in Pittsburgh County, Oklahoma for development for a period of 3 years. The lease calls for a bonus payment to CTNR of $1,200 per acre for a total of $720,000 in addition to a 3/16ths royalty on future production. CTNR received a down payment of $182,000 on May 7, 2007 to secure the lease, with the remaining $538,000 due upon the inception of the lease on May 25, 2007. Additionally, the Board of Directors of CTNR declared a quarterly dividend of $0.20 per share, an increase of $0.05 per share from prior quarters, payable on June 15, 2007 to shareholders of record of June 1, 2007.