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

Cream Minerals Ltd.

September 18, 2007 08:30 ET

Cream Minerals Adds New Cobalt Discovery to Nickel on Wine Nickel-Copper Property-Manitoba

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 18, 2007) - Cream Minerals Ltd. (TSX VENTURE:CMA)(OTCBB:CRMXF)(FRANKFURT:DFL) -

Following further assaying of diamond drill core (Radar 07 - 01) at the Wine Nickel - Copper property, located south east of Flin Flon, Manitoba (see previous News Release dated July 19, 2007), Cream Minerals Ltd. is pleased to report the addition of a significant occurrence of Cobalt averaged about 0.05% (one pound/ton) Cobalt for the entire sulfide intersection length of 66.8 ft (true width 43.6 ft) which also averaged 2.27% Cu, 1.30% Ni, 0.319g/t Au, 0.132g/t Pt and 0.270g/t Pd.

Mr. Frank Lang, President and CEO of Cream Minerals, stated, "With Cobalt presently priced at US$26.00 per pound, this unexpected discovery, in addition to the presence of gold, platinum and palladium, may cover many of the future mining and milling costs should an economic deposit be developed. We are very pleased with the mineralization that we are seeing at the Wine Property, especially of the high - grade Nickel and Copper." Plans are in place to expand drilling in 2008 to further define the size of the potential resource.

A review of recent and earlier diamond drill results suggests that the main mineralized Nickel-Copper zone is localized within rhyolite where gabbro intruded the volcanic units. The Cu-Ni mineralization appears to plunge towards the south-east where an earlier drill hole Eel 301 drilled 1200 ft SE by Hudson Bay Exploration and Development Company Ltd. ("HBED") in 1982 cut numerous sections two to 12 ft wide assaying low grade (0.1% to 0.2%) Copper. Nickel and PGE's were not assayed for this hole, Eel 301.

After the freeze up at Flin Flon, plans are to complete a Down Hole Pulse Electro-Magnetic geophysical survey, followed by a deep electromagnetic survey to locate the intrusive rhyolite contact, as a guide to future diamond drilling.



Radar 07 - 01, May 2007, Drilled to confirm results of previous drilling
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wid- wid-
from to th th Au
Sample# ft ft ft m g/t Cu % Ni % Co % Pt g/t Pd g/t
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860601 57.40 58.80 1.40 0.43 1.080 3.10 0.14 0.01 0.015 0.200
860602 172.50 173.30 0.80 0.24 0.040 0.39 2.67 0.07 0.015 0.280
860603 182.60 184.80 2.20 0.67 0.080 0.41 0.42 0.02 0.000 0.065
860604 184.80 186.40 1.60 0.49 0.080 0.13 0.08 less 0.030 0.070
than
0.01
860605 186.40 189.40 3.00 0.91 0.110 0.40 1.01 0.04 0.045 0.250
860606 189.40 192.20 2.80 0.85 0.050 0.65 1.25 0.05 0.025 0.055
860607 192.20 193.90 1.70 0.52 0.890 2.69 0.00 0.04 0.040 0.055
860608 193.90 195.00 1.10 0.34 1.750 18.10 0.52 0.02 0.060 0.150
860609 195.00 198.30 3.30 1.01 0.390 0.62 1.62 0.07 0.130 0.180
860610 198.30 200.90 2.60 0.79 0.150 2.68 1.92 0.07 0.350 0.330
860611 200.90 203.70 2.80 0.85 0.030 0.33 2.48 0.09 0.450 0.530
860612 203.70 207.00 3.30 1.01 0.280 3.48 1.73 0.06 0.350 0.510
860613 207.00 209.00 2.00 0.61 0.070 0.72 2.67 0.11 0.510 0.250
860614 209.00 212.60 3.60 1.10 0.390 7.76 1.44 0.06 0.270 0.570
860615 212.60 213.90 1.30 0.40 0.070 0.18 0.13 less 0.020 0.040
than
0.01
860616 213.90 215.60 1.70 0.52 1.170 3.02 0.35 0.02 0.340 0.230
860617 215.60 217.30 1.70 0.52 0.040 0.16 0.03 less 0.020 0.010
than
0.01
860618 217.30 220.50 3.20 0.98 0.150 1.99 1.46 0.06 0.060 0.320
860619 220.50 224.70 4.20 1.28 0.030 0.05 0.11 0.05 0.015 0.010
860620 224.70 227.00 2.30 0.70 0.240 5.60 1.25 0.06 0.210 0.150
860621 227.00 230.10 3.10 0.95 0.560 3.77 1.45 0.06 0.045 0.180
860622 230.10 233.70 3.60 1.10 0.065 1.39 1.36 0.08 0.110 0.120
860623 233.70 237.00 3.30 1.01 1.610 1.33 2.07 0.09 0.260 0.250
860624 237.00 240.10 3.10 0.95 0.110 1.47 2.28 0.09 0.270 0.400
860625 240.10 242.90 2.80 0.85 0.230 3.25 2.24 less 0.330 0.710
than
0.01
860626 242.90 246.20 3.30 1.01 0.055 0.20 0.15 0.08 0.015 0.035
860627 246.20 249.40 3.20 0.98 0.340 3.72 2.04 0.04 0.020 0.760
Weigh- 182.60 249.40 66.80 20.37 0.319 2.27 1.304 0.054 0.132 0.270
ted
average


The following are assays from HBED drilling:



from width Width Au Co Pt+Pd
Sample# ft to ft ft m g/t Cu % Ni % % oz/ton
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Eel 301 1200 ft SE of Eel 346
1983 Low grade Cu, (Ni and PGE were - 0.10 - - -
not assayed)
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Eel - 302 172.40 173.20 0.80 0.24 - 5.75 - - -
1983 177.00 190.00 13.00 3.96 - 0.69 1.12 - 0.009
190.00 211.90 21.90 6.68 - 1.09 - - -
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Eel - 315
1984 225.50 226.00 0.50 0.15 3.700 3.08 1.2 - -
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Eelo - 346
1987 182.00 182.40 0.40 0.12 - 16.10 0.43 - 0.04
177.00 231.00 54.00 16.46 - 1.42 0.85 - -
195.40 216.30 20.90 6.37 less 1.52 1.67 - less
than than
0.01 0.01
208.10 216.30 8.20 2.50 - 1.47 2.06 - 0.020
229.40 231.00 1.60 0.49 - 13.10 1.44 - 0.030
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As noted in our July 19, 2007, news release, assaying and sample preparation for Radar 07 - 01 drill core was completed at TSL Laboratories in Saskatoon using multi-acid digestion and Atomic Absorption procedures.

Mr. Anthony J. Spooner, P.Eng. of A. J. Spooner Exploration Services Inc., Flin Flon, Manitoba, is the Manager and Qualified Person responsible for the NI 43 - 101 on the Wine Radar Lake Property.

Please Note: Cream Minerals' Annual General Meeting will be held this Friday, September 21, 2007 at 1:30 PM in the Four Seasons Hotel, Georgia and Howe Streets, Vancouver, Canada.

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

Should you wish to receive Company news via email, please email catarina@chfir.com and specify "Cream Minerals Ltd." in the subject line or contact the Company directly.

This release has been prepared by management and no regulatory authority has approved or disapproved the information contained herein.

Cautionary Language and Forward Looking Statements

This press release may contain "forward-looking statements", which are subject to various risks and uncertainties that could cause actual results and future events to differ materially from those expressed or implied by such statements. Investors are cautioned that such statements are not guarantees of future performance and results. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure documents filed from time to time with the Canadian securities authorities.

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

To view the diagrams accompanying this press release please click on the following link: http://www.ccnmatthews.com/docs/CreamDiagrams.pdf

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this News Release.

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