Cream Minerals Ltd.
OTC Bulletin Board : CRMXF
TSX VENTURE : CMA

Cream Minerals Ltd.

August 29, 2005 09:01 ET

Cream Commences Exploration Program on Goldsmith Property

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 29, 2005) - Cream Minerals Ltd. (TSX VENTURE:CMA)(OTCBB:CRMXF) ("Cream") is pleased to announce that it has now commenced the initial phase of the 2005 exploration program on its Goldsmith Property, located near Kaslo in southeastern British Columbia. The extremely encouraging results from the 2003 and 2004 soil geochemistry and rock sampling programs are now being followed up with detailed geological and structural mapping and expanded soil sampling.

Prior rock grab and chip sampling from numerous small-scale historic workings, located within the large gold soil anomaly, returned some spectacular gold values (see February 14, 2005 News Releases). In 2004, a strong greater than 2.0 kilometre long gold soil anomaly was identified, which follows the projected strike of the mineralizing structures and remains open along strike in both directions.

Due to the very encouraging gold values obtained in rock and soil samples throughout the length of this property, a two-phase work program is planned for 2005. The initial Phase, which has now commenced, will include expanding the soil sampling grid over the Lucky Jack Zone. Also, in order to define drill and trench targets throughout the large anomalous zone, detailed geological and structural mapping and rock chip sampling will also be conducted over the Lucky Jack and Bullock Zones. This exploration program is planned to define target areas for follow up with Phase II trenching and diamond drilling.

Linda Dandy, P.Geo. of P&L Geological Services is the Company's supervisor and "Qualified Person" for the purpose of National Instrument 43-101.

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


No regulatory authority has approved or disapproved the information contained in this news release.

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