China Resources

[Tackler]

I think they want to cash in on coal...

CHX Cash Minerals not aware of any material changes

2004-11-26 11:52 ET - News Release

Mr. W. Eaton reports

Cash Minerals Ltd. states that at the present time management is unaware of any material change that would substantially impact on the company's affairs. It has been negotiating in the normal course of business with various parties concerning possible options, joint ventures and/or private placement undertakings that could result in change of management.

Cash's main asset is the Division Mountain coal prospect in southern Yukon. Recent sharp increases in coal prices for export thermal coal have prompted renewed interest in the project. Interest is further heightened by recent mine permitting applications in Yukon, which could result in future demand for electrical power, and by debate concerning possible coalbed methane development in Yukon.