CHX Charger Energy Corp

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

Cash Minerals Ltd. ("Cash Minerals")(TSX VENTURE:CHX) is pleased to announce
that it has entered into a definitive agreement (the "Definitive Agreement") to
acquire from Nyah Resources Corp. ("Nyah") a 100% interest in the Agnew Lake
properties (the "Acquisition").


The Agnew Lake property consists of two separate exploration claim blocks
comprised of the Agnew Lake North Uranium property (the "Agnew Lake North
Uranium Property"), which is the most advanced of the two claim blocks, and the
Agnew Lake South property (the "Agnew Lake South Property"). The Agnew Lake
North Uranium Property consists of seven unpatented mining claims (covering
1,575 ha, or 3,892 acres) located approximately 40 kilometres west of Sudbury,
Ontario and encompasses the past producing Agnew Lake Uranium Mine which was
operated by Kerr Addison Mines Ltd between 1977 and early 1983 and produced
approximately 1.9 million pounds of uranium. The Agnew Lake Uranium Property has
substantial underground infrastructure in place, including a six compartment
shaft to a depth of over 980 metres with development on several levels. A
decline from surface to the 1,900 foot level was also developed. During the
period of operation two mineralized zones were developed. The Agnew Lake South
Property consists of four mining claims located in Hyman Township of the Elliot
Lake-Blind River uranium district, Ontario.


In consideration, Cash Minerals will issue to Nyah an aggregate of 15,000,000
common shares and 7,500,000 share purchase warrants of Cash Minerals. Each share
purchase warrant shall entitle the holder thereof to acquire one common share of
Cash Minerals at a price of $0.10 for a period of three years from the date of
closing, subject to receipt of necessary regulatory approvals.


Pursuant to the terms of the Definitive Agreement, in the event that Nyah
negotiates an alternative transaction for the sale of the Agnew Lake properties
to a different purchaser for aggregate consideration with value that is superior
to the value of consideration offered by Cash Minerals, Nyah will be authorized
to terminate the agreement with Cash Minerals. In the event of such termination,
Nyah shall be obligated to pay to Cash Minerals a fee in the amount of $50,000
and reimburse Cash Minerals for all its expenses incurred as a result of this
proposed Transaction.


The Acquisition is a Non-Arm's Length Transaction for the purposes of the TSX
Venture Exchange as Nyah and Cash Minerals have a common director, Stan Bharti,
and a common officer, Patrick Gleeson, who is the Corporate Secretary of both
companies.


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 Agnew Lake Property, the terms and conditions of the proposed Acquisition,
statements regarding synergies and financial impact of the proposed Acquisition,
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: 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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