Cash Minerals Announces Issuance of Shares for Debt

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

Cash Minerals Ltd. (TSX VENTURE:CHX) announces that it has successfully reached
a settlement agreement with a creditor of the Company to re-structure $435,000
in outstanding net debt as at December 15, 2009. Cash Minerals will settle the
outstanding amount through the issuance of 4,000,000 units of the Company (the
"Units"). Each Unit will consist of one common share of the Company and one-half
of one common share purchase warrant entitling the holder thereof to acquire one
common share of the Company at an exercise price of $0.10 for a 24 month period
following the date of issuance.


In addition, the Company announces that it has entered into a settlement
agreement with a creditor of the Company to res-structure $23,187.77 in
outstanding net debt as of December 15, 2009. Cash Minerals will settle the
outstanding amount through the issuance of 1,000,000 common shares.


These transactions remain subject to TSX Venture approval and all common shares,
warrants and warrant shares issuable thereunder shall be subject to a statutory
hold period.


Forward-looking Information

Statements in this release that are not historical facts are "forward-looking
information" within the meaning of applicable securities law. Certain
information in this news release including the board's assessment of future
plans and operations, the ability of the Company to complete the debt financing,
the proposed use of proceeds, and the Company's plans regarding the settlement
of outstanding debts may constitute forward-looking information. Such
information necessarily involves risks including, without limitation, risks
associated with inability to attract required financing at attractive prices,
and delays resulting from or inability to obtain required regulatory approvals.
Readers are cautioned that any such statements are not guarantees of future
performance and that actual developments or results may vary materially from
those in these "forward-looking information".