CHX Charger Energy Corp

NOT FOR RELEASE IN THE UNITED STATES OR TO U.S. NEWS WIRE SERVICES

Cash Minerals Ltd. (TSX VENTURE:CHX) ("Cash Minerals" or the "Corporation") is
pleased to announce that it intends to complete a non-brokered private placement
financing to raise approximately $1,500,000 (the "Offering") through the
issuance of 30,000,000 units (the "Units") at a price of $0.05 per Unit. Each
Unit consists of one common share in the capital of the Corporation and one-half
of one common share purchase warrant (each whole warrant a "Warrant"). Each
Warrant will entitle the holder thereof to acquire one common share of the
Corporation at an exercise price of $0.10 for a 24 month period from the date of
issue.


Closing of the Offering is subject to the receipt of standard regulatory
approvals including approval of the TSX Venture Exchange. The securities to be
issued are subject to a statutory hold period of four months and one day.


The Corporation may pay finder's fees in connection with the financing. Cash
Minerals intends to use the net proceeds from the financing for general
corporate purposes.


About Cash Minerals

Cash Minerals is a Canadian-based energy company focused on uranium and coal
exploration.


Forward-Looking Statement

Cautionary Note Regarding Forward-Looking Information This press release
contains "forward looking information" within the meaning of applicable Canadian
securities legislation. Forward looking information includes, but is not limited
to, statements with respect to the future financial or operating performance of
the Company and its projects, the terms of the acquisition, the financing and
projected use of proceeds, exploration prospects, requirements for additional
capital and regulatory approvals. Generally, forward looking information can be
identified by the use of forward-looking terminology such as "plans", "expects"
or "does not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or state that certain actions, events or
results "may", "could", "would", "might" or "will be taken", "occur" or "be
achieved". Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be materially different
from those expressed or implied by such forward-looking information, including
but not limited to: financing not being available at desired prices; general
business, economic, competitive, political and social uncertainties; the actual
results of current exploration activities; timing and availability of external
financing on acceptable terms; conclusions of economic evaluations; competition;
future prices of mineral prices; failure of plant, equipment or processes to
operate as anticipated; accidents, labour disputes and other risks of the mining
industry; and, delays in obtaining governmental approvals or required financing
or in the completion of activities. Although the Company has attempted to
identify important factors that could cause actual results to differ materially
from those contained in forward-looking information, there may be other factors
that cause results not to be as anticipated, estimated or intended. There can be
no assurance that such information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward
looking information. The Company does not undertake to update any
forward-looking information, except in accordance with applicable securities
laws.

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