VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 05/10/2006 -- Cash Minerals Ltd. (TSX VENTURE:CHX) is pleased to announce that exploration crews have arrived at the Pedlar uranium property in western Yukon. Drilling is scheduled to begin in May and will consist of approximately 600 metres.

The geological setting of the Pedlar property closely resembles that of the former Midnite Mine in Washington State. Mineralization at the Midnite Mine is categorized as unconformity related. Unconformity-related deposits are known to be some of the world's richest and largest storehouse of high-grade uranium resources. "Mineral Deposit Profiles", published by B.C. Geological Survey states "Production and reserves prior to closing at the Midnite Mine are estimated at approximately 3.9 million tonnes grading 0.12% uranium" (Note: this published reserve may not conform to NI 43-101 standards).

Mr. Basil Botha, President and CEO of Cash Minerals Ltd., stated "In addition the drilling planned for Luminar and Igor properties in 2006, the Pedlar drill program has the potential to significantly enhance our uranium resource position in the Yukon. Similarities between Pedlar and the Midnite Mine, together with radiometric surveys and prospecting at Pedlar, suggest that significant uranium mineralization may be present".

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 61.2 million shares outstanding. Current activities are focused on Uranium, Coal and Alternative Fuels (SynFuel).

Cash Minerals' Uranium exploration projects 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 developing a project in China which would utilise Fischer-Tropsch technology to produce clean burning alternative fuels from coal.

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