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Thursday, 12/31/2009 3:03:38 PM

Thursday, December 31, 2009 3:03:38 PM

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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.

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