Cash Minerals Announces Results Of 43-101 Review On Wernecke Mountain Uranium Properties In Yukon.

TORONTO -- CASH MINERALS LTD. (TSX VENTURE:CHX),is pleased to announce the results of a 43-101 Report on the Company's four Wernecke Mountain uranium properties (see Press release of March 2, 2005) located in The Yukon Territories. The Report confirmed the Company's belief that the properties are highly prospective and noted that "all four of the properties deserve additional exploration, the next stage of which should consist of helicopter supported diamond drilling."

According to the 43-101 Report, three of the properties (Bond, Igor and Steel) host uranium that is "modelled on iron-oxide copper-gold (IOCG) deposits of which the world's largest uranium mine, the Olympic Dam Deposit in South Australia, is the best known example." The Report adds that an appropriate exploration model for the fourth property (Pterd) is a "structurally controlled, possibly unconformity related target."

The Report was authored by W. Douglas Eaton, B.Sc. Geology, of Archer, Cathro & Associates (1981) Limited, a leading North American exploration consultancy, and Helmut Wober, P. Eng., a qualified person under NI 43-101. The Report was based on a detailed review of available regional and property-scale geological, geophysical and geochemical data as well as discussions with engineers and geoscientists who performed work on the properties.

The results of this report provide the basis for the Company to advance the Wernecke Mountain uranium properties and, combined with the previously announced scoping study on the Company's Division Mountain Coal properties (see Cash Minerals press release of April 18, 2005), further enhance the Company's stated goal of becoming an energy resource company.

Wernecke Mountain Area Uranium Properties

The Company has the right under option agreement to earn an initial 50% interest in these four Wernecke Mountain area mineral properties, located in east-central Yukon, from Twenty-Seven Capital Corp. Cash also has a further option that would allow it to increase its interest in any or all of the properties to 75%.

Previous exploration results and proposed new drilling on the Wernecke Mountain properties (as described in the 43-101 report) includes:

Bond Property. "A total of 19 diamond drill holes were completed at Bond 2 by Eldorado Nuclear in 1976 and 1977. The five drill holes on the western and central section lines produced a total of eight intersections grading better than 0.06% U3O8 over widths of 0.7 to 11.06 m. Intersections represent 16.7% of the metres drilled in the five holes and have a weighted average grade of 0.076% U3O8. Multiple fold repeats present the possibility of extensive near surface mineralization beneath overburden cover." Work proposed in the 43-101 report includes drilling to confirm the fold model and establish grade and size potential.

Igor Property. "Specimens from lenses of barite rich material containing pitchblende, yellow to orange secondary uranium minerals and minor chalcopyrite assayed up to 3.65% U3O8 while samples of chalcopyrite rich material with sooty pitchblende returned up to 0.27% U3O8. Diamond drilling done by Wernecke Joint Venture in 1979, 1980 and 1982 produced several mineralized intervals, the best of which averaged 4.74% copper and 0.089% U3O8 over 19.81 m and 6.49% copper and 0.090% U3O8 over 10.06 m." Work proposed in the report includes drilling to explore down dip and along strike from mineralized surface exposures and previous drill intersections.

Steel Property. "Most of the Steel property is covered by glacial till, river gravel or talus; thus mineral distribution is not well understood. The most prominent features are semi massive to massive hematite outcrops that form a series of low hummocks in a 300 m long by 180 m wide area on the north side of the river valley (Iron Knob showing). Drilling conducted. Limited work has identified radioactive float occurrences immediately south of the hematite outcrops. Specimens of this material assayed between 0.178 and 0.244% U3O8. Most of these specimens also returned elevated gold values, ranging up to 610 ppb." Proposed drilling focuses on a section line that crosses large gravity and magnetic anomalies which could be indicative of buried IOCG mineralization. If results are favourable, later drilling will test other geophysical anomalies that are covered by deeper overburden.

Pterd Property. "Mineralization at Pterd is on average higher grade than that found at the other three properties. It is also quite different in character and likely in origin. Although there is a Wernecke Breccia in the area, nearly all of the uranium mineralization is hosted in fractured Quartet Group sediments. The main zone at Pterd consists of a 150 m wide, approximately 1200 m long float train of highly radioactive boulders that lie atop an alpine glacier in a north facing cirque. Representative samples of the radioactive material returned between 1.36 to 7.67% U3O8." Proposed drilling focuses on exploring for the source of the uranium under a blanket of actively eroding, unmineralized talus.

A work program of approximately C$1 million is proposed for this summer to carry out recommendations (partially described above) included in the 43-101 report.

Additional uranium properties

Cash Minerals has two other uranium properties in Yukon, Pedlar (in west-central Yukon) and Alle (in southeastern Yukon), which are subject to another option agreement. Both properties host uranium in Cretaceous granitic intrusions. These prospects are best viewed as bulk tonnage uranium targets, modeled on the Rossing Deposit in southern Africa. Archer, Cathro & Associates (1981) Limited is preparing a separate 43-101 Report on these properties.

The six Yukon uranium properties collectively comprise 75 claims totalling about 1500 hectares. They cover key portions of earlier properties that were extensively explored by Chevron Canada Ltd., Aquitaine Company of Canada Ltd., Eldorado Nuclear and other major companies during the period 1974 to 1982. The most recent activities on any of the properties were magnetic and gravity surveys performed at the Steel property in 2004.

Cash Minerals - An Emerging Energy Resources Company

Cash Minerals Ltd., (CHX-TSX Venture Exchange) is an emerging energy resource company with coal assets and uranium exploration properties in The Yukon Territory. In addition to the Uranium properties described in this release, the company is also developing the Division Mountain Coal Project near Whitehorse in the Yukon Territory, where the company recently confirmed the economic potential of the approximately 51.6 million tonnes of measured and indicated resources as defined by Norwest Corporation in its "Geologic Evaluation and Resources Calculation on the Division Mountain Property, Yukon Territory" dated March 9, 2005 (see Cash Minerals press release dated March 31, 2005).

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cash Minerals Ltd. (TSX VENTURE:CHX)