Cash Minerals Ltd.
TSX VENTURE : CHX

Cash Minerals Ltd.

September 01, 2005 08:00 ET

Yukon Government Appoints Project Coordinator to Streamline Environmental Permitting for Cash Minerals-Division Mountain Coal Project

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 1, 2005) - Cash Minerals Ltd. (TSX VENTURE:CHX) announced today that the Yukon Government has appointed Jesse Duke, an environmental and permitting expert, as project coordinator for its Division Mountain coal project. His primary role will be to accelerate and streamline the permitting for the Division Mountain Cola Project. Mr. Duke, a private consultant, is well-suited for this role, bringing 10 years of experience working within the Yukon Government in mining-related areas to the project team.

Basil Botha, Cash Minerals' President and C.E.O., said, "We are delighted to be working with Mr. Duke, whose expertise will streamline the process of obtaining all of the necessary permits required for the development and exploitation of our coal project. He will facilitate all activities related to government permitting and approvals. This is a clear sign of the Yukon Government's commitment that it is open for mining business in the Territory."

Ron Carne, P. Geo. is the Qualified Person as defined under National Instrument 43-101 responsible for reviewing the technical disclosure contained in this press release.

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) confirmed a Measured Resource of 38.6 million tonnes of coal and an Indicated Resource of 13.0 million tonnes of coal (all coal contained within the measured and indicated categories is high Volatile "B" Bituminous Coals). A subsequent scoping study, also completed by Norwest, indicated that the Project is potentially viable and the Company is moving forward with a full bankable feasibility study which 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. 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 33 million shares outstanding.

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