Cash Minerals Ltd.
TSX VENTURE : CHX

Cash Minerals Ltd.

November 09, 2005 08:00 ET

Cash Minerals Appoints VP of Engineering and Coal Marketing

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 9, 2005) - Cash Minerals Ltd. (TSX VENTURE:CHX) today announced that it has appointed its Coal Marketing Consultant, Mr. Peter Arendt, to the position of Vice President of Engineering and Coal Marketing as of November 7th, 2005. Mr. Arendt first joined Cash Minerals as the company's Coal Marketing Consultant in July 2005.

Basil Botha, President and CEO of Cash Minerals Ltd., stated "The advancements of the Division Mountain Coal Project now dictate that Management engage Mr. Arendt full time with Cash and we're extremely pleased to have someone of his calibre for such a key position. His efforts to date as a consultant to the Company have been impressive. He has demonstrated that he is highly knowledgeable and fully capable of executing a solid marketing plan for Division Mountain's coal. He brings 20 years of practical experience in coal mining and marketing, in both Australia and Canada, having held a senior position in marketing most recently with Luscar Ltd. Mr. Arendt has already, in just over four months, comprised a comprehensive coal marketing plan for Division Mountain and will also be responsible for exploring ancillary markets that will include regional industrial uses (i.e. cement) and coal liquefaction.

The bankable feasibility study is in process on the Division Mountain Coal Project, and is expected to be completed by the end of the year.

About Cash Minerals Ltd.

Cash Minerals has a two-pronged exploration and development focus in the Yukon. Its Division Mountain Coal Project's five Coal leases measure 776.4 hectares and the 30 Coal Exploration Licenses cover approximately 360,000 hectares in coal-bearing stratigraphy. A recently completed NI 43-101 Report on the Project by T. C. Becker, B.Sc., P.Geo. of Norwest Group (first reported by the Company on March 31, 2005 and filed as a technical report on SEDAR on April 1, 2005) confirms resources of 38.6 million tonnes (Measured) and 13.0 million tonnes (Indicated) and a full bankable feasibility study is nearing completion.

Cash's uranium exploration projects boast major stakes in eight quality projects (Yukon and western Quebec). Four of the projects host Olympic Dam-type mineralization and two are modeled after the prolific Rossing Deposit in South Africa and one is testing possible unconformity-related, high grade, vein-and-fracture-controlled uranium mineralization. Cash Minerals Ltd. (www.cashminerals.com) is an emerging energy resource company listed on the TSX Venture Exchange under the symbol "CHX" and has approximately 36.3 million shares outstanding.

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