Cash Minerals Ltd.

Cash Minerals Ltd.

February 25, 2005 07:33 ET

Cash Minerals Adds Two Uranium Specialists To Its Team


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CASH MINERALS LTD.

TSX VENTURE SYMBOL: CHX

FEBRUARY 25, 2005 - 07:33 ET

Cash Minerals Adds Two Uranium Specialists To Its Team

TORONTO, ONTARIO--(CCNMatthews - Feb. 25, 2005) - CASH MINERALS LTD.
(TSX VENTURE:CHX), is pleased to announce that it has added two key
uranium specialists to the Company, one as a Board Member and one as a
Special Advisor to the Board.

Andy Rickaby, P.Eng., Board Member

Mr. Rickaby has over 40 years of operations and management experience
with Inco Ltd., Canadian Johns-Manville and Canadian Mine Services.
Prior to his retirement, Mr. Rickaby was Vice President of Mining
Operations and Environment for Denison Mines Ltd., where he continues to
advise on mining operations. His extensive experience includes uranium
mine evaluation in Canada, U.S.A. & Kazakhstan. Mr. Rickaby also served
as Chairman of the Ontario Mining Association in 1990-1991 and again in
1998-1999.

Suraj Ahuja, Uranium Consultant/Special Advisor to the Board

Mr. Suraj Ahuja will join the Company's Advisory Board and will advice
on Company's uranium exploration activity in the Yukon Territory. Mr.
Ahuja, has over 30 years of uranium exploration and management
experience and has first hand knowledge of all three Canadian
Proterozoic sedimentary basins as well as other deposits in North
America. He has served as Senior Geologist with SMDC (now Cameco
Corporation) and Vice President of PNC Exploration, a major Japanese
nuclear company. Since 2001, Mr. Ahuja is President of SKAN Consulting
Inc., and provides consulting services to several major and junior
uranium exploration companies. Mr. Ahuja graduated from the University
of Saskatchewan in 1970 with a M.Sc. degree in Geology, and now resides
in North Vancouver.

"The additional expertise that Andy Rickaby and Suraj Ahuja bring to
Cash in advancing our recently acquired uranium projects will be
tremendous," said Bill Clarke, Chairman. "This addition to the team will
help us turn Cash Resources into a true energy company with a strong
asset base in coal and uranium in the Yukon."

Cash Minerals - An Emerging Energy Company

Cash Minerals Ltd., (TSX VENTURE:CHX) is an emerging energy/utility
company with coal assets and uranium exploration properties in the Yukon.

The Division Mountain Thermal Coal Project is located approximately 90
km northwest of Whitehorse, the capital and largest community in Yukon
Territory. The deposit lies 20 km west of Highway 2 and the main power
grid in Yukon, and 300 km from the closest tidewater port at Skagway,
Alaska. The coal deposit is 100% owned by the Company under five
renewable, exclusive 21 year mining leases. In addition, the Company
owns 22 Coal Exploration Licences on approximately 3,493 square km of
coal bearing stratigraphy in surrounding areas. The Division Mountain
deposit, which was explored and discovered in the 1970's, was calculated
in an in-house, pre-43-101 estimate to contain an indicated resource of
52.9 million tonnes of high volatile bituminous B coal with a stripping
ratio estimated at 3.5:1 bank cubic metres of waste per tonne of raw
coal. Preliminary sink/float tests have indicated that a conventional
technology preparation plant will produce clean coal that compares
favourably with other Pacific Rim suppliers and exceeds sales
requirements for thermal coal in the Asian market, with essential clean
coal parameters of 12% ash 0.46% total sulphur and 6170 kcal/kg
calorific value;and is also suitable for pulverized coal injection (PCI)
used in steel production. Cash has commissioned a Scoping Study on the
coal project.

Cash Minerals has also entered into an agreement to acquire a package of
six Uranium Properties located in the Yukon Territory. Four of the
projects (Pterd, Igor, Bond and Steel) are in the Wernecke Mountain area
of northeastern Yukon, another (Pedlar) is in west-central Yukon and the
sixth (Alle) is in southeastern Yukon. All of the projects host uranium
showings that were aggressively explored in the late 1970s and early
1980s by majors before uranium prices dropped. A NI 43-101 report is in
progress on all six properties.

The addition of Mr. Rickaby to the Board of Directors follows the
resignation of Stephen Woodhead form the Board of Directors and as the
Company's Chief Financial Officer. Ms. Deborah Battiston, is a C.G.A.
with over 20 years of accounting and financial management experience.
She obtained her B.A. in Economics from the University of Guelph in
1981. Deborah has broad international experience having dealt with
companies in over eight countries and having lived and worked in Japan
for several years.

The Company has granted 100,000 options to directors and officers of the
Company at an exercise price of $0.44 valid for a period of five years
from the date of grant, subject to regulatory approval.

Cash Minerals has approximately 23.8 million shares outstanding and is
listed on the Toronto Venture Exchange under the symbol "CHX".

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Cash Minerals
    Tony Wonnacott
    Corporate Secretary
    (416) 861-5879
    THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
    OR ACCURACY OF THIS RELEASE.