Cream Minerals Ltd.
OTC Bulletin Board : CRMXF

Cream Minerals Ltd.

April 17, 2007 09:30 ET

Cream Minerals Extends Diamond Drill Contract

Dos Hornos Zone 1 Delineated Over 1,300 Metre Strike Length

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 17, 2007) - Cream Minerals Ltd. (TSX VENTURE:CMA)(OTCBB:CRMXF)(FRANKFURT:DFL) ("Cream") is pleased to report that its 100% owned Mexican subsidiary, Cream Minerals de Mexico S.A. de C.V., has extended the drill contract for an additional 2,000 metres ("m") with an option to increase it to 4000 m, based on the favorable results received from the drill program. The objective of the new drill program is to commence infill drilling between holes DDH 10 - 06 and DDH 19 - 06, a distance of 800 m.

A total of 20 diamond drill holes for a total of 3,800 m, out of the originally planned 4,000 m, have been completed to date on the Dos Hornos Zone 1 at the Nuevo Milenio Property. DDH 21-06 is in progress. Assays for DDH 15 - 06 to DDH 18 - 06 are expected to be received within the next two weeks.

The objective of the drill program is to test the zone to the North and South and to verify the continuity of Dos Hornos Zone 1 for the 700 m length of the inferred mineral resources as noted in the NI 43 - 101 report by F. Holcapek, P.Eng., dated February 16, 2006 (See News Releases Jan. 27, 2006, Feb. 02, 2006, Feb. 28, 2006).

Inferred Mineral Resource for Dos Hornos Zone:

Strike Length Down Dip Average Width Au g/t Ag g/t SG
------------- -------- ------------- ------ ------ ----
700 m 150 m 5.50 m 2.827 178.05 2.65

1,530,000 Tonnes, Au: 139,000 oz, Ag: 8,760,000 oz

Recent diamond drilling has confirmed that Dos Hornos Zone 1 has continuity of gold - silver mineralization and has extended Zone 1 from Adit 1 to Mina Santa Gertrudes, a distance of 1,300 m, and is open to the North and South. It also confirmed that mineralization occurs over a known vertical height of 385 m (DDH 03-06 intersection at 925 m elevation, to DDH 20-06 outcrop at 1,310 m elevation). The topographic relief along the south part of Dos Hornos Zone 1 will permit low cost bulk sampling by tunneling along the zone into the hillside.

Drilling has shown that Zone 1 is a Vein - Fault - Breccia zone up to 40 m wide with a higher mineralized center 8 m to 10 m width. Core recovery within the mineralized quartz - breccia segment of Zone 1 varies from 20% to 80%, hence underground sampling may be expected to give higher gold-silver values.

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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