If you have just a single case fan, PSU fan and CPU fan, then you should place the case fan at the back of the case, blowing air out. The
hot air from your CPU HSF rises up towards the top of the case, so the case fan at the back should suck this hot air out away from the HSF. Having the fan at the back of the case causes something called pressure variation. There is a difference between the pressure inside the case and the pressure outside of the case. If you have lots of air blowing out, then the pressure inside the case will be lower than that outside of it. This will cause air to be sucked into the case via any gaps.
This is what we want, as cool (hopefully) air from outside of the case will be sucked in any gaps, and hot air from inside the case will be getting blown out.
Depending on the amount of air that your case is exhausting, this can result in a 1-5 oC decrease in case and CPU temperature. By now, if your CPU was originally running at around 50 oC, it should be down into the mid 40s, which is a much more respectable temperature.