Cash Minerals Ltd.
TSX VENTURE : CHX

Cash Minerals Ltd.

March 05, 2007 07:55 ET

Cash Minerals Appoints Dr. Geordie Mark as Vice President, Exploration

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 5, 2007) - Cash Minerals Ltd. (TSX VENTURE:CHX) today announced that Dr. Geordie Mark has been appointed to the position of Vice President, Exploration. In this role, Dr. Mark will be responsible for developing and managing exploration programs for the Company's prospects in the Wernecke Uranium District, Yukon and in the Central Mineral Belt Labrador. Dr. Mark will also be involved in investor relations and business development activities.

"We are extremely pleased to appoint Dr. Mark to this key position. Our focus has been to build a world-class geological team that has in-depth knowledge and is experienced with iron-oxide-copper-gold (IOCG) and hydrothermal models similar to the giant Olympic Dam uranium mine in Australia," stated Basil Botha, President and CEO of Cash Minerals Ltd. "Successful uranium exploration requires highly specialized and experienced geologists, which are now in place with the appointment of Dr. Mark and his team."

Dr. Mark specializes in the genesis and interpretation of hydrothermal IOCG geological systems, and has over 12 years of field and research experience relevant to the exploration and interpretation of IOCG deposits in Australia, Europe and Canada. He has written and contributed to numerous technical papers and reports on the subject, and has also conducted training courses and workshops.

The exploration team will also include Dr. Michael Carew, Ph.D. and Dr. Damien Foster, Ph.D., who are both specialists in iron-oxide-copper-gold (IOCG) deposits; Mr. Raul Sanabria, M.Sc., who is a specialist in structurally complex mineralized fault systems; and Mr. Rick Zuran, who specializes in regional exploration and has more than 17 years experience in the Yukon.

About Cash Minerals Ltd.

Cash Minerals (www.cashminerals.com) is an emerging publicly listed 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.

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