Cash Minerals Ltd.

Cash Minerals Ltd.

May 18, 2006 08:00 ET

Cash Minerals Announces Appointment of Manager Investor Relations

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 18, 2006) - Cash Minerals Ltd. (TSX VENTURE:CHX) today announced the appointment of Ms. Salisha Hosein as Manager, Investor Relations, effective May 15, 2006. Ms. Hosein will be responsible for developing and managing the Company's investor and public relations programs on a day-to-day basis.

Prior to joining Cash Minerals, Ms. Hosein held key investor relations, communications and corporate finance positions with publicly traded Canadian pharmaceutical companies. She holds a Bachelor of Commerce from the University of Toronto and a Master of Professional Communication from the University of Western Sydney (Australia).

"The advancements of Cash Minerals' various projects require that a full time Investor Relations Manager be engaged," commented Mr. Basil Botha, President and Chief Executive Officer of Cash Minerals Ltd. "Ms. Hosein is a positive addition to our team, and we are very pleased to have someone with her background in this key position."

About Cash Minerals Ltd.

Cash Minerals Ltd. ( is an emerging energy resource company listed on the TSX Venture Exchange under the symbol "CHX" and has approximately 61.2 million shares outstanding. Current activities are focused on Uranium, Coal and Alternative Fuels (SynFuel).

Cash Minerals' Uranium exploration projects boast major stakes in eight quality projects, all of which were previously drilled. Four resemble an Olympic Dam-type project, two are modeled after the prolific Rossing Deposit in South Africa and one is testing possible unconformity-related, high grade, vein-and-fracture-controlled uranium mineralization.

The Division Mountain Coal Project in Yukon comprises of five Coal leases measuring 776.4 hectares and 30 Territorial Coal Exploration licenses covering some 360,000 hectares in coal-bearing stratigraphy. The Updated NI 43-101 Report dated December 21, 2005 by T. C. Becker, B.Sc., P.Geo. of Norwest Group (filed with SEDAR on January 10, 2006) confirmed coal resources of 52.5 million tonnes entirely in the Measured category.

Cash Minerals is also developing a project in China which would utilise Fischer-Tropsch technology to produce clean burning alternative fuels from coal.

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