Cash Minerals Ltd.
January 11, 2008 - 04:10:03 PM
Cash Minerals Appoints Dr. Michael Carew as Chief Geologist
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 11, 2008) - Cash Minerals Ltd.
(TSX VENTURE:CHX) today announced the appointment of Dr. Michael Carew to the
position of Chief Geologist. Dr. Carew will report to Basil Botha, President
and Chief Executive Officer, and will assume this position immediately. In
this role, Dr. Carew will be responsible for developing and managing
exploration programs for the Company's uranium prospects in the Wernecke
Uranium District, Yukon, the Central Mineral Belt, Labrador and British
Columbia.
Dr. Carew joined Cash Minerals in March 2007 as Project Geologist and has been
responsible for developing and executing exploration strategies for the Odie
and Igor properties. Prior to joining Cash Minerals, he held the position of
Exploration Geologist where he worked on copper-gold projects located in
Australia and Mongolia. In this role, Dr. Carew analyzed datasets with the aim
to generate drill targets for identifying iron-oxide copper-gold (IOCG)
systems. Dr. Carew also served as consultant on the Ernest Henry mine, one of
the world's largest copper-gold projects located in Australia.
"We are extremely pleased to announce the appointment of Dr. Carew to the
position of Chief Geologist," stated Basil Botha. "Dr. Carew has been
instrumental in executing the exploration strategy for the Odie and Igor
properties in 2007 and we look forward to continued exploration success as
Cash Minerals move into the resource-definition stage at Igor in 2008."
"Dr. Carew will replace Dr. Geordie Mark, who recently left this role to
pursue other opportunities and we would like to thank Dr. Mark for his
contributions to Cash Minerals over the year. We wish him all the best in his
future endeavors," commented Mr. Botha.
Dr. Carew holds a Bachelor of Science degree in economic geology from Monash
University and a doctoral degree in geology from James Cook University, where
he studied the controls on copper-gold mineralization and iron-oxide
metasomatism in the Eastern Fold Belt, Australia. This work provided valuable
insights into the geochemical characteristics that define the iron-oxide
copper-gold class of deposit and generated critical geochemical tools for
delineating potentially mineralized iron-rich systems from barren ironstones.
Dr. Carew has contributed to a number of reports and peer-reviewed papers and
co-presented several technical sessions and courses on IOCG systems.
ABOUT CASH MINERALS LTD.
Cash Minerals (www.cashminerals.com) is an emerging publicly listed energy
company focused on uranium, coal and alternative fuels (synfuels). Under an
agreement with Mega Uranium Ltd., Cash Minerals has the option to earn a 75%
interest in uranium prospects located in various parts of the Yukon. These
highly prospective prospects include numerous iron-oxide copper-gold (IOCG),
structurally-controlled hydrothermal uranium targets.
The Company is also engaged in exploring and developing coal properties in
southwest Yukon Territory. The Company's Division Mountain project has a
measured resource of 52.5 million tonnes of high Volatile "B" Bituminous coal
(refer to NI 43-101 report dated December 21, 2005), which occupies less than
five percent of Cash Minerals' total coal leases in the Yukon. The potential
exists to provide this coal as feedstock for a mine-mouth power station. Cash
Minerals is also pursuing the development of a coal mine in China that would
provide feedstock to an adjacent coal-to-liquids (CTL) plant, which would
utilize the Fischer-Tropsch process to convert coal into clean-burning fuel.
Forward-Looking Statement
This document may contain or refer to forward looking information based on
current expectations, including, but not limited to timing of mineral resource
estimates, future exploration programs and the impact on the Company of the
appointment. Forward-looking information is subject to significant risks and
uncertainties, as actual results may differ materially from forecasted
results. Forward-looking information is provided as of the date hereof and we
assume no responsibility to update or revise them to reflect new events or
circumstances.
Should you wish to receive Company news via email, please email
shosein@cashminerals.com and specify "CHX News" in the subject line.
FOR FURTHER INFORMATION PLEASE CONTACT:
Cash Minerals Ltd. Basil Botha President & CEO (604) 633-9942 (604) 633-9972
(FAX) Email: bbotha@cashminerals.com 
Cash Minerals Ltd. Peter Arendt Vice President (604) 633-9942 (604) 633-9972
(FAX) Email: parendt@cashminerals.com Website: www.cashminerals.com
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