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

Cream Minerals Ltd.

December 20, 2006 09:31 ET

Cream Minerals Completes DDH 01-06 to DDH 08-06 to Cut Dos Hornos North Mineralized Zone, Mexico

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 20, 2006) - Cream Minerals Ltd. ("Cream" or "Company") (TSX VENTURE:CMA)(OTCBB:CRMXF)(FWB:DFL) is pleased to report that its 100% owned Mexican subsidiary, Cream Minerals de Mexico S.A. de C.V., has completed eight diamond drill holes out of the planned ten drill holes for a total of 1,545.5 m out of 2,000 m. The program was stopped for the Christmas Holiday and is planned to recommence on January 8, 2007 with the return of the drill crew. All samples have been shipped to the laboratory of Inspectorate in Reno, Nevada, USA.

The diamond drill holes completed are spaced along a 500 m strike length of Dos Hornos North Vein 1 and tested the mineralized structure 100 m to 200 m below surface. The objectives of the drill program are to test the Dos Hornos Vein 1 at depth, to establish the actual width of the mineralized system and to check on indicated parallel mineralized structures. Assays from holes 01-06 and 02-06 are due shortly. Assays from holes 03 to 08 are subject to laboratory delays.

The diamond drill program completed to date has confirmed the presence of Multiple Quartz Veins and Quartz Stockwork zones. This is the first time that silver sulphides have been observed in Quartz Veins, as fracture filling and as dissemination in silica-flooded zones. Minor Galena, Chalcopyrite and Sphalerite were also observed in places.



Intersected
Inclina- Eleva- Depth Depth m
DDH # Bearing tion tion m To be Assayed Comments
---------------------------------------------------------------------------

DDH1- N60E -45 1070 174.00 81.00 - 99.30 Quartz Stockwork Zone
06 99.00 - 129.00 Vein 1, Fault -
Breccia
135.00 - 171.00 Quartz Stockwork zone

DDH2- N60E -45 1102 143.00 36.00 - 37.75 Quartz Vein
06 92.00 - 121.30 Vein 1, Fault -
Breccia

DDH3- N60E -45 1108 289.00 35.40 - 49.40 Quartz Stockwork
06 49.40 - 53.20 Quartz Vein
57.50 - 63.30 Quartz Vein
98.50 - 112.20 Quartz Stockwork
131.60 - 134.10 Quartz Vein
193.2 - 194.00 Quartz Vein
213.30 - 225.40 Quartz Stockwork
225.50 - 247.50 Vein 1 , Fault -
Breccia
248.00 - 251.00 Quartz Stockwork

DDH4- N60E -45 1081 299.50 26.80 - 28.30 Quartz vein in Breccia
06 zone
87.40 - 98.20 Quartz Stockwork Zone
154.80 - 155.70 Quartz Veins
209.00 - 217.00 Quartz Veins
243.00 - 244.10 Quartz Vein
269.35 - 291.00 Vein 1 Quartz Breccia
- Fault Vein

DDH5- N55E -50 1068 133.00 84.60 - 96.60 Quartz Stockwork
06 96.60 - 100.40 Quartz Vein
102.40 - 119.00 Vein 1, Quartz Breccia
Vein

DDH6- N55E -45 1070 166.00 35.10 - 44.30 Quartz vein, plus
06 Stockwork
44.30 - 48.45 Quartz Vein
106.00 - 117.30 Quartz Stockwork
117.90 - 136.50 Vein 1 Quartz Breccia,
Fault Vein
136.50 - 138.50 Quartz Stockwork

DDH7- N55E -46 1073 162.00 21.20 - 28 .75 Quartz Stockwork
06 71.40 - 75.40 Quartz Stockwork
75.40 - 77.30 Quartz Veining
77.30 - 79.00 Quartz Stockwork
106.30 - 107.80 Quartz Breccia Vein

DDH8- S50W -47.5 1057 180.00 12.00 - 51.30 Quartz Stockwork,
06 Silica flooding
51.30 - 54.00 Quartz Vein
54.00 - 79.00 Quartz Stockwork
97.40 - 140.00 Quartz Stockwork
140 - 142.00 Quartz Breccia,
Silica Flooding
142.00 - 154.00 Quartz Stockwork


Previous diamond drilling has shown that core assays, when compared to channel samples cut in the old workings, may be 30% to 50% lower due to core loss and washing of fines.

The intersected width of the mineralized Vein - Breccia Zone, (Vein 1 Dos Hornos) in the diamond drill holes is comparable to the mineralized width of Trench 1 (20 m, 6 m high grade), Trench 2 (14 m, 6 m high grade) and Trench 3 (18 m, 10 m high grade). The NI 43-101 report by F. Holcapek, P. Eng., dated February 16, 2006, states the Inferred Mineral Resource for a 700 m section of the Dos Hornos Vein 1 used an average width of 5.50 m. Numerous samples originating from the narrow Spanish underground workings lowered the average sample width.



--------------------------------------------------------
Strike Down Average
Length Dip Width Au g/T Ag g/T S.G.
--------------------------------------------------------
700 m 150 m 5.50 m 2.827 178.05 2.65
--------------------------------------------------------

Dos Hornos North - Inferred Resource
1,530,000 Tonnes, Au: 139,000 oz, Ag: 8,760,000 oz


Mr. Ferdinand (Fred) Holcapek, P. Eng. is supervising the drill program and is the Company's "Qualified Person" for the purpose of National Instrument 43-101. We wish all our shareholders a Merry Christmas and a Happy and Prosperous New Year.

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

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

To view the map accompanying this release please click on: http://www.ccnmatthews.com/docs/cma1220.jpg

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