CHX Charger Energy Corp

Cash Minerals Ltd. (TSX VENTURE:CHX) is pleased to announce that it has closed
its previously announced debt settlement by issuing 1,300,000 common shares in
full settlement of $72,348.05 in outstanding net debt. These shares are subject
to a statutory hold period that expires on June 19, 2009.


About Cash Minerals

Cash Minerals is a Canadian-based energy company focused on uranium and coal
exploration. Under an agreement with joint venture partner Mega Uranium Ltd.,
Cash Minerals can maintain a 75% working interest in the highly prospective Igor
property, located in the Wernecke Uranium District, Yukon, by completing a
bankable feasibility study on the Igor property by December 31, 2012. Wernecke
Uranium properties include numerous iron-oxide copper-gold-uranium (IOCG-U) and
structurally-controlled hydrothermal uranium targets. The Company also holds a
measured resource of 52.5 million tonnes of high volatile "B" bituminous coal
(refer to NI 43-101 report dated December 21, 2005). This resource is located on
a portion of the Division Mountain property, which occupies less than five
percent of Cash Minerals' total coal leases in the Yukon.


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 shares for debt settlement 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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