Cash Minerals Ltd.
TSX VENTURE : CHX

Cash Minerals Ltd.

September 21, 2005 09:32 ET

Cash Minerals Stakes Additional Claims Surrounding Igor Uranium Property Following Positive Drill Results

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 21, 2005) - Cash Minerals Ltd. (TSX VENTURE:CHX) today announced that 39 additional claims have been staked surrounding the Company's uranium project at the Wernecke Mountain Area Igor Property. These claims add approximately 9 square-kilometres to the Igor land package that is situated approximately 200 km east of Dawson City, Yukon. Igor land mass now comprises a total of approximately 20 square-kilometres.

The 2005 summer drill program at the Igor, Bond and Steel Properties in the Wernecke Mountains of Yukon Territory is now complete and initial results were announced in a press release on September 7, 2005. The highlight from these results were the assays from hole #105-4 at Igor that yielded 74.4 m (244 ft) of 1.88% copper and 1.4 pounds of uranium, including 14.5 m (48 ft) of 4.79% copper and 4.3 pounds of uranium. The hole and the copper-uranium-enriched interval both terminated in a post-mineralization fault zone.

Basil Botha, Cash Mineral's President and CEO, stated "Mineralization and geophysical data strongly suggested the likelihood of contiguous formations beyond Igor's boundaries, so we have worked quickly to stake these additional claims."

A total of 17 inclined diamond drill holes, comprising 2,425 metres, were completed at these three prospects: seven of the holes were drilled at Igor, another seven were at Bond and three holes were drilled at Steel. Results from holes 105-3 and 105-7 are expected in the coming weeks.

Cash Minerals can earn an initial 50% share in Igor and the three other properties in the Wernecke Mountains from Twenty Seven Capital Corp. and up to 75% with further expenditures. In addition, the Company has granted options to purchase 675,000 common shares at $0.40 for a period of 5 years to directors, officers and consultants of the Company.

Work leading to results described in this news release was conducted by Archer, Cathro & Associates (1981) Limited under the supervision of Bill Wengzynowski, P.Eng. a Qualified Person under NI 43-101.

Note: Management has taken a decision to change the name of its Pterd property to that of Lumina.

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 22 Territorial Coal Exploration licenses cover some 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 six quality projects, all of which were previously drilled. Four resemble an Olympic Dam-type project 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. Assay results are pending. 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 34.4 million shares outstanding.

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