Cream Minerals Ltd.

Cream Minerals Ltd.

February 24, 2005 09:00 ET

Cream Minerals to Drill High-Grade Gold-Silver Fenix Property, Mexico


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CREAM MINERALS LTD.

TSX VENTURE SYMBOL: CMA
OTC Bulletin Board SYMBOL: CRMXF

FEBRUARY 24, 2005 - 09:00 ET

Cream Minerals to Drill High-Grade Gold-Silver Fenix
Property, Mexico

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 24, 2005) - Cream
Minerals Ltd. (TSX VENTURE:CMA)(OTCBB:CRMXF)("Cream") is pleased to
advise that it has signed a three hole 600-metre contract to drill under
the high-grade gold silver zone on the Fenix property, 60 km southeast
of Tepic, in the state of Nayarit, Mexico.

As reported in our news release of November 5, 2004, reopening of the
old mine located an adit into a gently sloping hillside where sampling
by Mr. Fred Holcapek, P.Eng., revealed a 96 meter long drift averaging
as follows:



Width Gold Silver
-----------------------------------
2.19 metres 11.838 g/t 1,482.51 g/t

which including a 46 meter long high-grade section averaging:

Sample Width Gold Silver
-------------------------------------------------------------
#182691 to 182696 &
#182708 to 182709 1.60 m 39.73 g/t 4,783.25 g/t


It has been the Company's priority to determine more features of this
high-grade zone through an early drilling program, but this was
precluded by the present shortage of drill contractors. In the meantime,
prospecting has revealed many other old workings and mineral showings on
the property which will require further investigation.

This part of the 10,000 hectare Fenix property centres on two historic
high-grade gold-silver mines separated by a distance of about 700 meters
horizontally and 25 meters vertically.

The workings appear to be centered on a fault-brecia zone having an
average width of 1.80 meters within a 100 metre wide zone of
silicification and quartz stockwork. The wall rock is a bedded, silica
flooded, rhyolite tuff, showing sericite and argillic alteration with
some secondary feldspar. The original workings were accessed by shallow
adits.

The property is under the supervision of Mr. Ferdinand (Fred) Holcapek,
P.Eng. Mr. Holcapek is the Company's "Qualified Person" 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.


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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
    Malcolm Powell
    Investor Relations
    (604) 277-1752
    (604) 687-4212 (FAX)
    info@creamminerals.com
    No regulatory authority has approved or disapproved the information
    contained in this news release.