Cash Minerals Announces Acquisition of Additional Coal Property Southwest of Whitehorse, Yukon.

TORONTO -- CASH MINERALS LTD. (TSX VENTURE:CHX), is pleased to announce that it has acquired exploration rights to part of an anthracite coal basin situated 25 km southwest of Whitehorse. Anthracite was first reported from this area in 1901 and by 1906 three seams 0.75 m, 3.15 m and 2.95 m thick were known and an 18 m adit had been driven on the upper seam.

Acquisition of the anthracite coal exploration licenses in April 2005, significantly increases our exploration base in the Yukon with that of Division Mountain coal project. These two properties are well located to export coal out of the Port of Skagway. Norwest Corporation is currently undertaking a Bankable Feasibility Study (see press release dated May 12, 2005 anticipated to be complete by early September 2005. Division Mountain is owned 100% by Cash Minerals Ltd and consists of five Coal leases measuring 776.4 hectares and 22 Territorial Coal Exploration licenses covering 360,000 hectares. The exploration area covers 4,017 square kms of carboniferous host formation to the known coal deposits in the region. At this time measured and indicated resources of 51.6 million tonnes is on less than 5% of the entire property and covers an area of 6 kms in length by 2 kms wide. Further drilling will commence on Division Mountain in June and additional mapping along strike will commence in August and could define additional resources.

"This acquisition is very positive and will support our vision of becoming a producing, energy resource company with excellent near and long-term potential in the Yukon." said Bill Clarke, President, Cash Minerals.

Modern work did not commence until 1969 when Luscar Limited were able to trace the coal-bearing stratigraphy discontinuously for 12 km. Whitehorse Coal Corporation was formed in 1982 to develop the deposit and carried out limited drilling, trenching and bulk sampling. Coal mining leases covering the coal basin lapsed in 2003. Cash Minerals acquired exploration rights to 7 km of outcropping coal measures by application for Coal Exploration Licenses in April 2005. The coal exploration licenses confer the holder the exclusive right to convert to mining leases.

The most important market for anthracite coal is in metallurgical applications, including low volatile pulverized coal injection (PCI) for the manufacture of steel and charge carbon for metallurgical reductants. Cash Minerals will explore the opportunity for blending suitable bituminous coal from the Division Mountain deposit with Whitehorse Coal anthracite to produce a high grade PCI product. PCI coal currently commands a premium price (US$125 per tonne) over bituminous thermal coal (US$51 per tonne) in the Pacific Rim market.

Analytical results indicate that the coal at the Whitehorse coal deposit is moderate to high ash anthracite and will require washing to reduce the ash and increase fixed carbon. Results from drill samples range from 15.0 to 26.0% Ash, 5.9 to 9.6% Volatile Matter, 67.0 to 77.1% Fixed Carbon, 0.42 to 0.68% Sulphur, and 10,450 to 12,005 BTU/lb Calorific Value (Yukon Coal Inventory (1984); prepared for Yukon Energy and Mines Branch, Economic Development by Aurum Geological Consultants Inc). Eight seams are present.

"This is an important acquisition and could further increase our capacity to sell to steel producers within the Pacific Rim, requiring charge carbon for metallurgical reductant applications" said Bill Clarke, President, Cash Minerals.

The Yukon Coal Inventory, a publication of the Yukon Territorial Government documents in situ coal resources at 26.4 million tonnes in a part of the deposit that has been explored with drilling that lies within a total resource potential of 85 million tonnes (Note that this is an historical resource estimate that does not conform to the provisions of national Instrument 43-101). Based on the Yukon Government maps for the area, Cash Minerals have exploration rights to about two-thirds of the coal basin and potential resource. The Company has not done the work necessary to verify the historical drill results contained in this press release and therefore is cautioning investors not to rely on these historical numbers.

Cash Minerals - An emerging Energy Resource Company

Cash Minerals is an emerging energy resource company with coal assets and uranium exploration properties in The Yukon Territory.

In addition to Division Mountain Coal Project, the Company has the right to earn an interest in six significant Uranium projects in Yukon Territory, including four in the Wernecke mountain area of northeastern Yukon and hosted in Proterozoic age ironoxide rich breccia bodies that share numerous textural and mineralogical similarities to the IOGC deposit (Iron-Oxide-Copper-Gold) model, which include Olympic Dam, Ernest Henry and Candelaria. The other two uranium properties, (one in west central and one in southeastern Yukon), are both hosted in Cretaceous granitic intrusions. These projects are best viewed as bulk tonnage uranium targets, modeled on the Rossing Deposit in Southern Africa. All projects host uranium showings that were aggressively explored by majors in the late 1970's and early 1980's before uranium prices dropped. The results of a NI 43-101 report on the uranium properties was disclosed in a press release issued on April 21, 2005 and the full report is available on SEDAR (www.sedar.com).

Cash Minerals Ltd. (TSX VENTURE:CHX)