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

Cream Minerals Ltd.

March 21, 2007 09:30 ET

Cream Minerals Reports Nuevo Milenio Drill Results

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 21, 2007) - Cream Minerals Ltd. (TSX VENTURE:CMA)(OTCBB:CRMXF)(FRANKFURT:DFL) ("Cream") is pleased to report results for Diamond Drill Holes 1 - 14 in the Dos Hornos zone within the Nuevo Milenio gold - silver property, 20 km. S/E of Tepic, Nayarit State, Mexico.

Most encouraging are DDH holes 1, 2, 9, 10, 11, 12 and 14; (See table 1). Holes DDH 1 and 2 were previously reported, Jan. 16th 2007.

Drill intersections show that Dos Hornos Vein 1 is a structural zone from 20 m to 40 m wide hosting several parallel, mineralized veins, breccia faults and quartz stockwork zones. The economic width will be defined by an assay boundary.

Diamond drilling is presently continuing at DDH 20 with at least one or two more holes anticipated before this 4,000 meter drill program will be completed.

Further exploration, road building and additional geochemical sampling is planned in preparation for the next stage of drilling.



Table 1

(To view the maps accompanying this press release please click on the
following link: http://www.ccnmatthews.com/docs/Cream.pdf)

DD Holes 1, 2, 9, 10, 11, 12, 14

------------------------------------------------------------------------
Drill
From To Length Au Ag
Description Sample (m) (m) (m) g/t g/t
------------------------------------------------------------------------
DDH 01 - 06
------------------------------------------------------------------------
Vein #1 199590 - 592 103.00 109.00 6.00 0.203 88.33
------------------------------------------------------------------------
Including 199591 105.00 107.00 2.00 0.484 188.00
------------------------------------------------------------------------

------------------------------------------------------------------------
DDH 02 -- 06
------------------------------------------------------------------------
Vein #1 296137 - 143 108.50 122.50 14.00 0.529 134.69
------------------------------------------------------------------------
Including 296140 - 148 114.50 120.50 6.00 0.432 205.30
------------------------------------------------------------------------
Parallel vein 296148 130.50 132.50 2.00 19.300 130.00
------------------------------------------------------------------------

------------------------------------------------------------------------
DDH 09 - 06
------------------------------------------------------------------------
Vein #1 296370 - 373 250.00 258.00 8.00 0.073 21.08
------------------------------------------------------------------------
Parallel vein
(weighted
average) 396356 - 362 222.00 236.00 14.00 0.031 16.48
------------------------------------------------------------------------

------------------------------------------------------------------------
DDH 10 - 06
------------------------------------------------------------------------
Vein #1 296396 - 401 12.50 24.50 12.00 0.926 106.12
------------------------------------------------------------------------
Including 296399 - 400 18.50 22.50 4.00 1.276 216.55
------------------------------------------------------------------------

------------------------------------------------------------------------
DDH 11 - 06
------------------------------------------------------------------------
Vein #1 296431 - 436 11.30 23.30 12.00 0.863 123.65
------------------------------------------------------------------------
Including 296431 - 432 11.30 15.30 4.00 1.982 211.25
------------------------------------------------------------------------
Parallel vein #2 296448 43.70 45.70 2.00 0.315 153.00
------------------------------------------------------------------------

------------------------------------------------------------------------
DDH 12 - 06
------------------------------------------------------------------------
Vein #1 296475 - 479 106.00 113.60 7.60 0.359 92.00
------------------------------------------------------------------------
Including 26478 - 479 109.60 113.60 4.00 0.689 157.00
------------------------------------------------------------------------

------------------------------------------------------------------------
DDH 14 - 06
------------------------------------------------------------------------
Vein #1 295509 - 512 126.00 134.00 8.00 0.546 117.75
------------------------------------------------------------------------
Including 295509 - 511 126.00 132.00 6.00 0.719 149.47
------------------------------------------------------------------------


Diamond drill holes DDH 03, 04, 05, 06, 07, 08 and 13 were drilled beyond the faulted off section of Zone #1 and did not intersect the Dos Hornos Zone #1. These seven holes intersected parallel quartz veins with no significant gold or silver values. The Dos Hornos Zone is known to be off set to the northeast by faulting.

Previously drilled Holes: In 2003, holes DDH 01 - 03, DDH 02 - 03, DDH 11 - 03, DDH 17 - 03, DDH 18 - 03 and DDH 19 - 03 were drilled to test the Dos Hornos zone. Many of these intersected old Spanish workings with resultant partial recovery. These holes are summarized below.

Section 1

(To view the maps accompanying this press release please click on the following link: http://www.ccnmatthews.com/docs/Cream.pdf)

DDH 17 - 03 was drilled at -45 degrees under trench 2 approx. 75 meters and 175 meters east of DDH 01 - 06 and 04 - 06 in the same section.



------------------------------------------------------------------------
From To Drill Au Ag
DDH 17 - 03 Sample (m) (m) Length g/t g/t
------------------------------------------------------------------------
199900 36.00 38.00 2.00 Old workings
--------------------------------------------------------
and 199901 38.00 40.00 2.00 1.05 191.50
------------------------------------------------------------------------


Section 2

DDH 18 - 03 was drilled at - 45 degrees under old shaft 4 approx. 75 meters east of DDH 14 - 06 in the same section.



------------------------------------------------------------------------
From To Drill Au Ag
DDH 18 - 03 Sample (m) (m) Length g/t g/t
------------------------------------------------------------------------
199949 26.00 28.00 2.00 1.644 131.00
------------------------------------------------------------------------


Section 5

Hole DDH 11 -03 was drilled to test faulted-off sections under holes DDH 01 - 03, and DDH 02 - 03 which were also drilled in 2003 in Section 5.



------------------------------------------------------------------------
From To Drill Au Ag
Sample (m) (m) Length g/t g/t
------------------------------------------------------------------------
DDH 11 - 03 199012 28.00 30.00 2.00 0.222 68.00
------------------------------------------------------------------------
and 199024 52.00 54.00 2.00 0.778 124.00
------------------------------------------------------------------------

------------------------------------------------------------------------
DDH 01 - 03 104017 0 2.00 2.00 2.945 144.00
------------------------------------------------------------------------
104017 - 139 192.00 198.00 6.00 0.299 92.97
------------------------------------------------------------------------
Including 104139 196.00 198.00 2.00 0.651 200.00
------------------------------------------------------------------------

------------------------------------------------------------------------
DDH 02 - 03 104173 0.00 2.00 2.00 0.845 326.50
------------------------------------------------------------------------
104214 - 216 82.00 88.00 6.00 0.769 79.97
------------------------------------------------------------------------
Including 104216 86.00 88.00 2.00 1.729 147.00
------------------------------------------------------------------------


Section 11

DDH 19 - 03 was drilled to test Mina San Miguel about 700 meters south of DDH 11 - 06 in Section 6.



------------------------------------------------------------------------
From To Drill Au Ag
DDH 19 - 03 Sample (m) (m) Length g/t g/t
------------------------------------------------------------------------
182581 - 584 38.00 46.00 8.0 0.410 102.88
------------------------------------------------------------------------
Including 182581 - 582 38.00 42.00 4.0 0.500 154.50
------------------------------------------------------------------------


- In January 2007, the focus of the drill program was shifted to in-fill drilling followed by drill testing the segment between Section 5 (Trench 3) to Section 12 (Mina Santa Gertrudis). This has resulted in tracing the gold-silver bearing segment of Dos Hornos Zone 1 for a total horizontal distance of 1,300 m (4,260 ft), and established that the structure carries gold-silver mineralization over a known vertical distance of 385 m (1,263 ft) from the bottom of DDH 03-06 at 925 m (3,34 ft) to the collar of DDH 20-06 at elevation 1,310 m (4,296 ft).

- In many cases, drill recovery was poor and it is believed that underground bulk sampling will provide more accurate grade results.

- Almost all holes were drilled at -45 degrees and to an average depth of approx. 200 meters.

- Holes 15, 16, 17, 18 have been shipped for assay to Inspectorate Labs, Reno, Nevada.

Mr. Ferdinand (Fred) Holcapek, P. Eng., is supervising exploration programs on the Nuevo Milenio Project and is the Company's "Qualified Person" for the purpose of National Instrument 43-101. Mr. Holcapek is responsible for the technical information contained in this news release, which has been vetted by Dr. A. D. Drummond, P. Eng., Consultant to the Company.

For more information, including about Cream and its mineral property interests, please visit Cream's website - www.creamminerals.com.

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

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

Contact Information