Cash
Minerals Ltd has entered into a Heads of Agreement with East Asia Minerals
Corporation to purchase a 100% interest in EAM Exploration LLC, a wholly owned
subsidiary of East Asia that owns a portfolio of very prospective uranium
properties in Mongolia.

The
project portfolio includes seven properties, Ulaan Nuur, Ingenii, Enger Ar,
Sevsul Bulag, Hutul, Unegt and Bukht Uul, totaling approximately 155,500ha.
Three of the properties, Ingenii, Ulaan Nuur, and Enger Ar have historic Soviet
uranium resources totaling approximately 25 million pounds of uranium. Drilling
by East Asia in 2006 and 2007 confirmed the
presence and grades of historical uranium intersections. Mineralization is open
and there is good potential to expand the mineralized zones and delineate
resources which are likely to be amenable to In-Situ-Recovery.

Cash
Minerals will pay to East Asia US$2,000,000 in cash upon signature of the
Definitive Agreement and issue East Asia that number of common shares equal in
value to US$1,000,000 to be determined upon the date of entering into the
Agreement. The company will grant a 1.5% Net Smelter Royalty to East Asia on all properties; a previously existing 1.5%
NSR applies to the Enger Ar property.