Cash Minerals Ltd.

Cash Minerals Ltd.

March 29, 2005 10:45 ET

Cash Minerals Announces Two New Members Of Management Team


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CASH MINERALS LTD.

TSX VENTURE SYMBOL: CHX

MARCH 29, 2005 - 10:45 ET

Cash Minerals Announces Two New Members Of Management
Team

TORONTO, ONTRAIO--(CCNMatthews - March 29, 2005) - CASH MINERALS LTD.
(TSX VENTURE:CHX), is pleased to announce that Basil Botha has joined
the Company as Vice President, Business Development and Greg W. Taylor
has joined as Vice President, Corporate Development.

Mr. Botha brings more than 20 years international coal mining and
marketing experience, primarily gained with Reef Coal Mining Ltd. in
Johannesburg, South Africa. Since 2001, he has been based in Vancouver,
B.C., working as a Financial Advisor and Analyst with Reef Asset
Management. He has extensive knowledge dealing with coal beneficiation
processes and ancillary by-products and has specialized in start up
mining operations, mergers, acquisitions and corporate finance

Mr. Taylor is a senior Investor Relations and Corporate Communications
executive with more than 15 years experience assisting companies and
their senior executives to enhance their valuation and communicate with
a broad range of investor and other stakeholder audiences around the
world. This includes more than 20 resource companies, including Yamana
Resources Inc. (now Yamana Gold Inc.), where he was Vice President,
Corporate Development, based in Spokane, Washington. A former
journalist, Mr. Taylor is a member of the advisory boards of Orezone
Resources Inc. and Little Squaw Gold Mining Company. He is also a member
of the Canadian Investor Relations Institute (CIRI) and the Canadian
Public Relations Society (CPRS).

The Company has granted 100,000 options to Mr. Botha and 50,000 options
to Mr. Taylor, both at an exercise price of $0.34 and valid for a period
of five years from the date of grant, subject to regulatory approval.

"We are very fortunate to have two professionals of this caliber joining
out company," noted Bill Clarke, Chairman of Cash Minerals. "In
particular, subject to the results of the Division Mountain Scoping
Study currently in progress, Mr. Botha will be able to help us push
ahead with additional technical evaluations, including a Feasibility
Study, on this project. At the same time, his presence in Vancouver will
help us both operationally and in dealing with the local financial
community to ensure that the Company moves ahead as quickly as possible."

Cash Minerals - An Emerging Energy Company

Cash Minerals Ltd., (CHX-TSX Venture Exchange) is an emerging energy
resource company with coal assets and uranium exploration properties.

Cash's primary coal-related assets are in the Division Mountain Thermal
Coal Project, 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, includes targets with both thermal coal and
coal bed methane. A National Instrument 43-101 Report is near completion
on the project, which will delineate the resource and assist with
further development planning. A Division Mountain Scoping Study is also
underway, the results of which are expected to determine the project's
feasibility and help to determine the most appropriate next steps on the
project.

The Company also has a right to earn an interest in six significant
uranium projects in Yukon Territory, including four in the Wernecke
Mountain area of northeastern Yukon and 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. The other
two uranium properties, (one in west-central and one in southeastern
Yukon), are both hosted in Cretaceous granitic intrusions. These
prospects are best viewed as bulk tonnage uranium targets, modeled on
the Rossing Deposit in southern Africa. All of the projects host uranium
showings that were aggressively explored by majors in the late 1970s and
early 1980s before uranium prices dropped. A National Instrument 43-101
report is near completion on all properties.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Cash Minerals Ltd.
    Greg W. Taylor
    Vice President, Corporate Development
    +1-416-861-5905
    THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
    OR ACCURACY OF THIS RELEASE.