Cream Minerals Ltd.

Cream Minerals Ltd.

March 18, 2005 09:00 ET

Cream Minerals Commences Diamond Exploration Programme


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CREAM MINERALS LTD.

TSX VENTURE SYMBOL: CMA
OTC Bulletin Board SYMBOL: CRMXF

MARCH 18, 2005 - 09:00 ET

Cream Minerals Commences Diamond Exploration Programme

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 18, 2005) - Cream
Minerals Ltd. (TSX VENTURE:CMA)(OTCBB:CRMXF) ("Cream") is pleased to
announce that a diamond exploration programme has started on the Hima
Exclusive Prospecting Licence located on the Sewa River in Sierra Leone.
A survey defining the property boundaries was completed in February and
the preparation of base camp facilities on site is underway. Equipment
has been shipped from Vancouver for the evaluation of diamondiferous
gravels on the property.

A Sierra Leone Geological Survey Bulletin (Hall, P.K. ARSM, BSc, AMIMM,
(1969): "The Diamond Fields of Sierra Leone") indicates that a potential
for 1.8 million carats of diamonds in a category of "inferred
resources", as described by CIM Classifications of Resources and
Reserves, exists in terraces and river gravels on the licence and would
be considered by the author of the report to be mineable ("payable").

Note: This inferred resource is a historical statement and does not meet
standards required by National Instrument 43-101 and cannot be relied
upon. The resource is not supported by any measured grade but rather a
grade that is an estimate based upon the experience of the bulletin
author, P.K. Hall.

Initial work will involve a Banka drill programme to define the
distribution of gravels in terraces and flood plain areas. This
programme may recover some diamonds and will be a guide for further pit
sampling that will give a more reliable estimate of grade. An evaluation
of the river potential is planned for the period of low water in
April-May of 2005. The grade estimate for river gravels made by P.K.
Hall was 0.4 carats per cubic meter.

Included in the equipment shipped is a YT-12 pulsator jig of the same
type that was used in the earlier work (1995) by Casierra Diamond
Corporation and successfully recovered the first 4 diamonds reported
from marine alluvial deposits on the Sierra Leone coast. A detailed
horizontal gradient magnetic survey is planned for targets on the
offshore licence this quarter to be followed by a bulk sampling
programme to test the grade and size of the highest priority target.

Mr. Benjamin Ainsworth P.Eng. is Cream's "Qualified Person" in Sierra
Leone 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

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Contact Information

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