Cash Minerals Ltd.

Cash Minerals Ltd.

January 15, 2010 08:00 ET

Cash Minerals Appoints Doug Currie President & Chief Executive Officer

TORONTO, ONTARIO--(Marketwire - Jan. 15, 2010) - Cash Minerals Ltd (TSX VENTURE:CHX)("Cash Minerals" or the "Company") is pleased to announce that it has appointed Mr. Douglas Currie President and Chief Executive Officer of the Company, effective immediately. Mr. Currie replaces Mr. Greg Duras, who has fulfilled this position on an interim basis since 14 May, 2008 and who will resume his position as Chief Financial Officer of the Company.

Mr. Currie, a geologist with more than 30 years experience in the resources industry, has held senior and executive management positions with exploration and mining companies in both Australia and Canada and is currently Executive Vice-President, Exploration & Development and a Director of Valencia Ventures Inc (TSX VENTURE:VVI) and President of Gwynva Resources Management Inc, a private mineral exploration consulting firm. Previously, Mr. Currie was Exploration Manager, Western Australia, for Homestake Gold of Australia Ltd and worked in the uranium industry for Pancontinental Mining Limited in Australia and Eldorado Nuclear Ltd in Canada. Mr. Currie has a BSc(Geol) degree from the University of New Brunswick and has attended the Advanced Management Program at Monash University's Mt Eliza Business School (Melbourne, Australia).

Mr. Stan Bharti, Executive Chairman of the Company, stated: "The Board is very pleased to welcome Doug to the Company and we look forward to working with him as we continue to develop Cash's focus as an energy-based company. His knowledge of the uranium industry and strong management and corporate abilities are expected to contribute to the future growth of the Company". The Board expresses its gratitude to Greg Duras for his contribution and dedication to the company during recent turbulent times and wish him continued success in his resumed role as CFO and also wishes to thank Ms Wen Ye who filled in for Greg as CFO during his time as President.

At this time, the Company also wishes to announce the appointment of Dr. Sarah Palmer, PhD, as Exploration Manager. Dr. Palmer has spent fourteen years as an Exploration Geologist and Consultant to the Canadian mining industry, managing projects and conducting research in Ontario, Quebec, Newfoundland and Nunavut for a broad range of mineral commodities, including uranium, having worked in the Thelon and Athabasca Basins on unconformity related deposits and vein type, pegmatite and paleoplacer deposits in Ontario and Quebec. Sarah holds a B.Sc. (Geology) degree from Saint Mary's University, an M.Sc. in structural geology from Dalhousie University, and a Ph.D. in geochemistry from Queens University.

About Cash Minerals

Cash Minerals Ltd is a Canadian-based energy company focussed on uranium and coal exploration and development. The Company owns the Division Mountain Coal Deposit and other prospective coal properties in the Yukon, and owns a 100% interest in the Mike Lake Gold Project, also in the Yukon.

Forward Looking Statements

Cautionary Note Regarding Forward-Looking Information This press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects, the terms of the acquisition, the financing and projected use of proceeds, exploration prospects, requirements for additional capital and regulatory approvals. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: financing not being available at desired prices; general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; timing and availability of external financing on acceptable terms; conclusions of economic evaluations; competition; future prices of mineral prices; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; and, delays in obtaining governmental approvals or required financing or in the completion of activities. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.


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