Cash Minerals Ltd.
TSX VENTURE : CHX

Cash Minerals Ltd.

December 05, 2007 09:00 ET

Cash Minerals Extends Term of Warrants Issued Novemebr 29, 2005

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 5, 2007) - Cash Minerals Ltd. (TSX VENTURE:CHX) ("Cash", or the "Company") today announced that it has extended the term of certain share purchase warrants that it issued on November 29, 2005. Each of these Warrants entitles the holder thereof to acquire one common share of the Company at a price of $0.70 during an exercise period that has been extended from November 29, 2007 to May 27, 2008. Warrant holders do not have to return the certificates representing their warrants to effect this change.

About Cash Minerals Ltd.

Cash Minerals (www.cashminerals.com) is a publicly listed emerging energy company focused on uranium, coal and alternative fuels (synfuels). Under an agreement with Mega Uranium Ltd., Cash Minerals has the option to earn a 75% interest in uranium prospects located in various parts of the Yukon. These highly prospective prospects include numerous iron-oxide copper-gold (IOCG), structurally-controlled hydrothermal uranium targets.

The Company is also engaged in exploring and developing coal properties in southwest Yukon Territory. The Company's Division Mountain project has a measured resource of 52.5 million tonnes of high Volatile "B" Bituminous coal (refer to NI 43-101 report dated December 21, 2005), which occupies less than five percent of Cash Minerals' total coal leases in the Yukon. The potential exists to provide this coal as feedstock for a mine-mouth power station. Cash Minerals is also pursuing the development of a coal mine in China that would provide feedstock to an adjacent coal-to-liquids (CTL) plant, which would utilize the Fischer-Tropsch process to convert coal into clean-burning fuel.

Should you wish to receive Company news via email, please email shosein@cashminerals.com and specify "CHX News" in the subject line.

Cautionary Note Regarding Forward-Looking Information This press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. 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 (and the company resulting from the successful completion of the proposed transaction) to be materially different from those expressed or implied by such forward-looking information. 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.

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

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