Cash Minerals Ltd.
TSX VENTURE : CHX

Cash Minerals Ltd.

December 18, 2009 09:21 ET

Cash Minerals and Nyah Resources Terminate Agreement for Purchase and Sale of the Agnew Lake Properties

TORONTO, ONTARIO--(Marketwire - Dec. 18, 2009) - Cash Minerals Ltd. ("Cash Minerals")(TSX VENTURE:CHX) announces that it has agreed to terminate its agreement to acquire the Agnew Lake properties (the "Transaction") from Nyah Resources Corp. ("Nyah"). The termination of the agreement between Cash Minerals and Nyah has resulted from Nyah terminating its agreement to acquire Russo-Forest Corporation ("Russo-Forest")(see Nyah press release of December 18, 2009). As Nyah has terminated its agreement with Russo-Forest, Nyah has also decided to not sell substantially all of its current assets to Cash Minerals.

As a result, Cash Minerals will not issue to Nyah an aggregate of 15,000,000 common shares and 7,500,000 share purchase warrants of Cash Minerals.

About Cash Minerals

Cash Minerals is a Canadian-based energy company focused on uranium and coal exploration.

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 terms and conditions of the terminated Transaction, 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: general business, economic, competitive, political and social uncertainties; 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.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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