Cash Minerals Ltd.
TSX VENTURE : CHX

Cash Minerals Ltd.

August 03, 2005 08:00 ET

Cash Minerals Adds Communications Specialist to the Team

TORONTO, ONTARIO--(CCNMatthews - Aug. 3, 2005) - CASH MINERALS LTD. (TSX VENTURE:CHX) is pleased to announce the appointment of Donna Mercier, President of Mercier Solutions - a Public Relations & Communications Firm in Whitehorse, Yukon to work with the Company in the advancement of the Division Mountain coal project.

"We welcome Ms. Mercier to our team" says Basil Botha, President & C.E.O. "Donna will be working with us to develop and implement our communications plan, assist with public consultations, special events, and will act as our media contact in the Yukon".

"One of our prime objectives is to build a team of experienced professionals and position Cash Minerals as an emerging energy company," said Basil Botha. "In addition to Ms. Mercier, we have recently hired Suraj Ahuja, a seasoned coal marketing professional with extensive knowledge of Pacific Rim coal markets. He will identify areas where we can best position the sale of PCI, metallurgical and thermal coal, as well as negotiate long term supply agreements into these markets. We now have the critical mass and experience onboard as we move forward on our bankable feasibility study."

Ms. Mercier has 15 years of public relations, communications, and marketing experience in the north working with Northwestel Inc., the primary telecommunications provider in the Yukon, Northwest Territories, Nunavut and Northern B.C. As Assistant Vice President, she developed and implemented programs and strategies to engage governments, the business community, and political and cultural organizations. Ms. Mercier was also responsible for customer service and corporate sales for Yukon and Northern B.C. Since establishing Mercier Solutions in 2000, she has helped public sector, private sector, and First Nation organizations with their communications challenges, and has maintained strong relations with their key stakeholders and customers.

Ms. Mercier is currently the Chair of the Whitehorse Chamber of Commerce, past Chair of the Yukon Chamber of Commerce for two years and a Director of the Alaska State Chamber of Commerce. She represented the Yukon Territory on the Team Canada Mission to South America and now sits on the National Small Business Advisory Board to Canada Revenue Agency.

ABOUT CASH MINERALS

The Division Mountain Coal Project.

The Division Mountain Coal project, located 90 kms northwest of Whitehorse, lies 20 km west of Highway 2 and Yukon's main power grid, and 290 km from the tidewater port at Skagway, Alaska. The Project is owned 100% by Cash Minerals Ltd and consists of five coal leases measuring 776.4 hectares and 22 Territorial coal exploration licenses covering 360,000 hectares. The exploration area covers 4,017 square kilometres of coal bearing stratigraphy.

A recently completed NI 43-101 Report on the Project by Norwest Group confirmed a Measured & Indicated (M&I) Resource of 51.6 million tonnes of coal. A subsequent scoping study, also completed by Norwest, indicated that the Project is potentially viable. Cash Minerals is conducting exploration work, geological, transportation and economic studies, and environmental reviews in anticipation of application for mining permits. A full bankable feasibility study by Norwest is in progress and is scheduled for completion by September 2005.

Uranium Exploration

In addition to the Division Mountain Coal Project, the Company also has a right to earn an interest in six significant uranium projects in the Yukon Territory, including four in the Wernecke Mountain area of northeastern Yukon. These uranium projects are 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. Two uranium properties, (one in west-central and one in southeastern Yukon), are both hosted in Cretaceous granitic intrusions and are best viewed as bulk tonnage uranium targets, modeled on the Rossing Deposit in Southern Africa. All of the uranium projects have considerable existing data as they were aggressively explored by majors in the late 1970s and early 1980. A 2,800 metre drill program of approximately 24 holes is currently in progress on four of the Uranium properties in the Yukon.

Cash Minerals Ltd. (www.cashminerals.com) is an emerging energy resource company listed on the TSX Venture Exchange under the symbol "CHX". The Company has approximately 24.2 million shares outstanding.

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

Contact Information