Cash Minerals Ltd. (TSX VENTURE: CHX) today announced that a definitive joint venture agreement has been signed with Cornerstone Capital Resources Inc. (TSX VENTURE: CGP) on the Aillik uranium property, located in the Central Mineral Belt, Labrador. Cornerstone staked the property in November 2006 and in January 2007 signed a Letter of Intent with Cash minerals to enter into the joint venture agreement.

The Central Mineral Belt is a major focus for uranium exploration in Canada. The largest and most advanced projects currently in the belt are those held by Aurora Energy Resources, who recently announced new resource estimates of 58 million pounds of U308 ("uranium") Measured and Indicated and 38 million pounds of uranium Inferred at their Michelin and Jacques Lake deposits (http://www.aurora-energy.ca).

The 40.5 sq km (162 claims) Aillik property adjoins Aurora Energy Resources' holdings. The property is underlain by rocks interpreted by the Geological Survey of Newfoundland & Labrador to be the same as or similar to those which host the Michelin and Jacques Lake deposits. The Aillik claims are immediately west of and on trend from Aurora's Otter Lake uranium system and its associated radiometric anomaly. The 2007 exploration program at Aillik will start with an extensive airborne geophysical survey of the property, scheduled to begin in the third quarter 2007.