Cash Minerals Announces Two New Members Of Management Team.

TORONTO -- CASH MINERALS LTD. (TSX VENTURE:CHX), is pleased to announce that Basil Botha has joined the Company as Vice President, Business Development and Greg W. Taylor has joined as Vice President, Corporate Development.

Mr. Botha brings more than 20 years international coal mining and marketing experience, primarily gained with Reef Coal Mining Ltd. in Johannesburg, South Africa. Since 2001, he has been based in Vancouver, B.C., working as a Financial Advisor and Analyst with Reef Asset Management. He has extensive knowledge dealing with coal beneficiation processes and ancillary by-products and has specialized in start up mining operations, mergers, acquisitions and corporate finance

Mr. Taylor is a senior Investor Relations and Corporate Communications executive with more than 15 years experience assisting companies and their senior executives to enhance their valuation and communicate with a broad range of investor and other stakeholder audiences around the world. This includes more than 20 resource companies, including Yamana Resources Inc. (now Yamana Gold Inc.), where he was Vice President, Corporate Development, based in Spokane, Washington. A former journalist, Mr. Taylor is a member of the advisory boards of Orezone Resources Inc. and Little Squaw Gold Mining Company. He is also a member of the Canadian Investor Relations Institute (CIRI) and the Canadian Public Relations Society (CPRS).

The Company has granted 100,000 options to Mr. Botha and 50,000 options to Mr. Taylor, both at an exercise price of $0.34 and valid for a period of five years from the date of grant, subject to regulatory approval.

"We are very fortunate to have two professionals of this caliber joining out company," noted Bill Clarke, Chairman of Cash Minerals. "In particular, subject to the results of the Division Mountain Scoping Study currently in progress, Mr. Botha will be able to help us push ahead with additional technical evaluations, including a Feasibility Study, on this project. At the same time, his presence in Vancouver will help us both operationally and in dealing with the local financial community to ensure that the Company moves ahead as quickly as possible."

Cash Minerals - An Emerging Energy Company

Cash Minerals Ltd., (CHX-TSX Venture Exchange) is an emerging energy resource company with coal assets and uranium exploration properties.

Cash's primary coal-related assets are in the Division Mountain Thermal Coal Project, located approximately 90 km northwest of Whitehorse, the capital and largest community in Yukon Territory. The deposit lies 20 km west of Highway 2 and the main power grid in Yukon, and 300 km from the closest tidewater port at Skagway, Alaska. The coal deposit is 100% owned by the Company under five renewable, exclusive 21 year mining leases. In addition, the Company owns 22 Coal Exploration Licences on approximately 3,493 square km of coal bearing stratigraphy in surrounding areas. The Division Mountain deposit, which was explored and discovered in the 1970's, includes targets with both thermal coal and coal bed methane. A National Instrument 43-101 Report is near completion on the project, which will delineate the resource and assist with further development planning. A Division Mountain Scoping Study is also underway, the results of which are expected to determine the project's feasibility and help to determine the most appropriate next steps on the project.

The Company also has a 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 iron-oxide rich breccia bodies that share numerous textural and mineralogical similarities to the IOCG 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 prospects are best viewed as bulk tonnage uranium targets, modeled on the Rossing Deposit in southern Africa. All of the projects host uranium showings that were aggressively explored by majors in the late 1970s and early 1980s before uranium prices dropped. A National Instrument 43-101 report is near completion on all properties.

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Cash Minerals Ltd. (TSX VENTURE:CHX)