Cash Minerals Appoints Special Advisor to Liase with First Nations in the Yukon Territory

Cash Minerals Ltd. (TSX VENTURE:CHX) announced today that it has appointed Mr. Sam Wallingham as Special Advisor to the Board of Directors as of April 1, 2006. Mr. Wallingham will provide assistance liaising with First Nations groups on the development of the Company's coal and uranium projects in the Yukon.

As a member of the Nacho Nyak Dun First Nation, Mr. Wallingham has been involved in the resource service industry for over 25 years and is past president of the Nacho Nyak Dun Development Corporation. . Over the past seven years Mr. Wallingham has been working actively with First Nations, Yukon and Federal Governments, involved in Socio-economic agreements, as well as organizing and implementing training programs. He has been retained in a consulting role by the Yukon Government's Energy Mines and Resources ministry for the past three years. Mr. Wallingham sits on the Yukon Mineral Advisory Board and is currently a director of Alexco Resource Corp.

Basil Botha, President and CEO of Cash Minerals Ltd., stated "The development of Cash Minerals' Yukon properties requires positive relationships to be built with all stakeholders, including First Nations groups. In his previous work with Cash Minerals, Mr. Wallingham demonstrated that he is highly knowledgeable on First Nations issues and can contribute valuably to our various projects."

In addition, the Company has granted options to purchase 1,090,000 common shares at $0.52 for a period of five years to several directors, officers and consultants of the Company, subject to regulatory approval.

About Cash Minerals Ltd.

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 60.8 million shares outstanding. Activities are focused on Uranium, Coal and Alternative Fuels (SynFuel).

Cash Minerals' Uranium exploration boast major stakes in eight quality projects, all of which were previously drilled. Four resemble an Olympic Dam-type project, 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.

The Division Mountain Coal Project in Yukon comprises of five Coal leases measuring 776.4 hectares and 30 Territorial Coal Exploration licenses covering some 360,000 hectares in coal-bearing stratigraphy. The Updated NI 43-101 Report dated December 21, 2005, by T. C. Becker, B.Sc., P.Geo. of Norwest Group (filed with SEDAR on January 10, 2006) confirmed coal resources of 52.5 million tonnes entirely in the Measured category.

Cash Minerals is also investigating opportunities in China and North America for using Fischer-Tropsch technology to produce clean burning alternative fuels from coal.

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The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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