Cream Minerals Ltd.

Cream Minerals Ltd.
Sultan Minerals Inc.

Sultan Minerals Inc.

January 25, 2005 09:00 ET

Cream Minerals Ltd. Announces Plans for Diamond Drilling at Manitoba Nickel Project


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CREAM MINERALS LTD.

TSX VENTURE SYMBOL: CMA
OTC Bulletin Board SYMBOL: CRMXF



AND SULTAN MINERALS INC.

TSX VENTURE SYMBOL: SUL

JANUARY 25, 2005 - 09:00 ET

Cream Minerals Ltd. Announces Plans for Diamond
Drilling at Manitoba Nickel Project

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 25, 2005) - Cream
Minerals Ltd. (TSX VENTURE:CMA)(OTCBB:CRMXF), Sultan Minerals Inc. (TSX
VENTURE:SUL) and ValGold Resources Ltd. (TSX VENTURE:VAL) (the
"Optionees") are pleased to report that BHP Billiton Diamonds Inc. ("BHP
Billiton") has advised that diamond drilling is scheduled to commence in
mid-February on their joint Stephens Lake nickel property in Manitoba.
The drill program, to be carried out by Boart Longyear Drilling
Services, is expected to be completed by the end of March. The program
will involve a minimum of 1,000 metres of NQ diamond drilling on four
high-priority airborne geophysical targets on the 170,000-hectare
property. Two additional targets involving a minimum of 500 metres of NQ
core will be drill tested on the adjacent Big Claim Property under
option to BHP Billiton from ValGold Resources Ltd.

The 75 kilometre long Stephens Lake Property is situated 100 kilometres
east of the community of Gillam, Manitoba and overlies a stratigraphic
package believed to be an extension of the Thompson Nickel Belt. The
Thompson Nickel Belt held by Inco is one of the most important nickel
producing regions in the world with production plus reserves in excess
of 170 million tonnes at an estimated grade of greater than 2.0% nickel
equivalent. The Stephens Lake property is held jointly by Sultan
Minerals Inc., Cream Minerals Ltd. and ValGold Resources Ltd. and is
under option to BHP Billiton Diamonds Inc. whereby BHP Billiton may
acquire an initial 51% interest and ultimately a 70% interest in the
property (see News Releases of February 9, 2004 and April 19, 2004).

In March, 2004 BHP Billiton flew a large airborne magnetics survey over
the property in order to identify potential ultra-mafic targets. Several
bodies of interest were defined during the aeromagnetic survey. In June,
2004 the magnetic targets were followed up with a VTEM helicopter
electromagnetic survey to search for targets that might host conductive
nickel-sulphide mineralization. The VTEM survey defined an extensive,
stratigraphic package of linear coincident electromagnetic and magnetic
features. As Ni-Cu-PGE mineralization is commonly both magnetic and
conductive, this package of rocks was considered a prime exploration
candidate for these metals. The targets chosen for diamond drill testing
were selected along this trend where structural complexities and more
intense geophysical responses were apparent.

For more information about Cream Minerals Ltd. and its mineral property
interests, please see our website at www.creamminerals.com.

Frank A. Lang, BA, MA, P. Eng., President & CEO

U.S. 20-F Registration: 000-29870

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Cream Minerals Ltd.
    Malcolm Powell
    Investor Relations
    (604) 277-1752
    (604) 687-4212 (FAX)
    Email: info@creamminerals.com
    Website: www.creamminerals.com
    or
    Renmark Financial Communications Inc.
    Neil Murray-Lyon
    (514) 939-3989
    (514) 939-3717 (FAX)
    Email: nmurraylyon@renmarkfinancial.com
    or
    Renmark Financial Communications Inc.
    Sylvain Laberge
    (514) 939-3989
    (514) 939-3717 (FAX)
    Email: slaberge@renmarkfinancial.com
    No regulatory authority has approved or disapproved the information
    contained in this news release.