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MrG

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MrG

Re: sleepingGiants post# 77

Friday, 08/12/2011 12:20:27 AM

Friday, August 12, 2011 12:20:27 AM

Post# of 491
Cream is well financed with 5.45 million in working capital and no debt.
Overview

Cream Minerals Limited (CVE:CMA, CRMXF-OTCBB, DFL-Frankfurt) is a precious metals exploration company with a portfolio of five solely-owned highly prospective properties, four in Canada and one in Mexico. Cream’s goal is to acquire low risk high reward silver and gold properties and develop them to an advanced stage so to maximize shareholder value. A 10,000 metre drill program was initiated at the Company’s flagship property, the Nuevo Milenio Silver-Gold Project, Nayarit State, Mexico in early February 2011. In December 2010 Cream announced the closing of a $6,000,00.00 bought deal. Cream is well financed with 5.45 million in working capital and no debt.

Investment Highlights
?NI 43-101 Inferred Mineral Resource of 54.6 million ounces silver equivalent
?Highly prospective Mexican silver property
?10,000 metre drill program underwayat the Nuevo Mileno Silver-Gold Project
?Well capitalized – $5.45 million working capital and no debt

Chief Properties

Nuevo Mileno Silver Gold Project, Nayarit State, Mexico

Property Overview

Cream Minerals Ltd. focus is the 100% owned Nuevo Milenio Silver-Gold Project located in Nayarit State, Mexico. The property has a NI 43-101 Compliant Inferred Mineral Resource of 54.6 million ounces of silver equivalent grading 251 grams per ton silver and 1.66 grams per ton gold contained within 5.09 million tonnes. The silver equivalent grade is approximately 350 grams per ton.

The 100% owned Nuevo Milenio Silver-Gold Project encompasses 2,560 Hectares (Ha) and is located in Nayarit State, Mexico. Nuevo Milenio is 27 kms driving distance (24 kms of which are by highway and paved roads, 3km’s are by gravel road) from Tepic, the capital of Nayarit State. Tepic is an important commercial centre with a population of over 300,000 people located 150 kms northeast of Puerto Vallarta. Cost effective access to infrastructure is an important feature of Nuevo Milenio with easy access to power lines, water, a railway, a highway, and an airport.

Regionally, Nuevo Milenio is situated within an early Miocene volcanic caldera field of the Sierra Madre Occidental Volcanics, which is traversed by the Tepic- Zacoalco rift zone, an en echelon extensional structural zone forming the boundary zone with the Jalisco block. The Tepic area is overlain by the young volcanics of the Trans Mexican Volcanic Belt. The Nuevo Milenio Project is a low sulphidation, epithermal precious metal prospect containing silver-gold mineralization in quartz veins and in quartz stockwork zones within an area of Miocene volcanics in a collapsed caldera structure.

Nuevo Milenio has been explored by the Company beginning in 2000. There are four major areas of gold-silver mineralization; Veta Tomas, Dos Hornos, Once Bocas and Chacuaco-Cafetal. They have been identified within a small portion of the Nuevo Milenio that has widespread exploration potential for similar mineral occurrences.



The precious metal mineralization discovered at Nuevo Milenio to date occurs in north-westerly aligned structural zones of silica alteration in the central part of two nested caldera structures. The detailed investigated mineralized zone has a strike length of about 5 kms and a width of 3 kms (1,500 Ha). Within this mineralized zone the core zone of mineralization is 3 kms x 2 kms (600 Ha) which hosts 3 mineralized zones, spaced 500 m apart. Each zone consists of a 150 metre wide alteration zone with quartz stock work cut by parallel quartz veins. The three principal northwest-trending vein systems are the Dos Hornos 1 and Dos Hornos 2 and the Veta Tomas, which have been defined over a strike length of 1,300 metres. These vein systems are open to the northwest and the southeast and down dip. A fourth zone, Once Bocas has been defined over a strike length of 300 metres with a width of 100 metres.

In December 2008 a revised NI 43-101 Inferred Mineral Resource was filed.The revised NI 43-101 report employed a cutoff grade of 170 oz silver per ton when the spot price of silver was approximately $USD10.00per ounce and the spot price of gold was approximately $USD740.00 per ounce. Based on the employed higher cutoff grade narrower mineralized vein structures at significantly higher grades have been identified and are outlined below.

Revised NI 34-101 Inferred Mineral Resources - December 2008

Tonnes: 5,088,000 Au: 1.660 g/t, Ag 251.09 g/t Au: 271,500 oz, Ag: 41,072,000
Silver Equivalent (Gold-Silver price Ratio = 50:1): 54,647,000 oz,
Assumes 100% Recovery



Numerous additional areas of the quartz veins, quartz stockwork, or silica caps have been observed on the Nuevo Milenio. Some of these mineralized areas are extensions of the known Veta Tomas -Dos Hornos System. Other silicified areas showing limited outcrops due to the Basalt cover have been observed as well. In addition, within the area of the silica caps, geological evidence suggests the presence of hydrothermal alteration favorable for disseminated silver-gold mineralization. It is important to note these occurrences have been observed over a strike length of 5 km’s suggesting significant exploration potential on a very broad scale.


Management

Frank Lang, B.A., M.A., P.Eng. – Chairman of the Board of Directors – Mr. Lang has a proven track record in discovering economical mineral deposits and the ability to raise the capital necessary to bring them to fruition. In 1980, Mr. Lang founded the company which grew to be Aurizon Mines. Aurizon Mines is on target to produce in excess of 150,000 ounces of gold in the coming year. In 1982, he co-discovered Hemlo Gold Mines which now produces 500,000 ounces of gold annually. These are a few of the many exploration and mining companies he has founded and managed during his extensive career in the mining industry.

Michael E. O’Connor – President, Chief Executive Officer and Director – Mr. O’Connor brings to Cream over twenty years experience in the financial services industry including extensive experience in brokerage, banking, investor relations and corporate communications positions. Mr. O’Connor is an experienced capital markets and communications professional with national and international contacts and has a strong background in the financing of development stage companies.

Gerry Feldman C.A.- Mr. Feldman is a Chartered Accountant and Vice President of Corporate Development and Chief Financial Officer of Pinetree Capital Inc., Mega Uranium Ltd. and has extensive experience as an advisor to public companies.

Sargent H. Berner, LLB – Director – Mr. Berner has served as a Director of the Company since 1995, and is also a director of ValGold Resources, Emgold Mining and Sultan Minerals. He has been a partner of the Vancouver law firm of DuMoulin Black Barristers and Solicitors since 1976, and served as Managing Partner of that firm from 1994 to 1996. From 1968 to 1976, he was a Professor of Law and member of the Faculty of Law of the University of British Columbia. He was a member of the British Columbia Corporate and Financial Services Commission (predecessor to the British Columbia Securities Commission) in 1975-1976, and was a member of the Vancouver Stock Exchange Advisory Committee in 1992-1993. He earned a B.A. in English and Economics from the University of British Columbia, and LL.B. from the University of British Columbia, and an LL.M. from the London School of Economics.

Ferdinand Holcapek, B.Sc. – Director and General Administrator Cream Minerals de Mexico, S.A. de C.V. – Mr. Holcapek, a graduate of the University of British Columbia in geology and geophysics, has been active in the mineral exploration business since 1962. He has extensive experience in the acquisition, management and exploration of mineral deposits in Canada, Mexico, Nicaragua, USA, Australia and Africa.

Robin Merrifield, C.A. (S.A.), – Director – Robin Merrifield is a chartered accountant with substantial international experience. He obtained his professional designation while working for Deloittes in Cape Town, South Africa. Subsequent to Deloittes, he served as the South African group financial manager for the diversified interests of a large UK shipping and hotel group, where he was involved in substantial manufacturing, property development and hotel activities.

Shannon Ross, C.A. – CFO & Corporate Secretary – Shannon Ross, Chief Financial Officer, brings more than 25 years of accounting and financial management experience to Cream Minerals. Shannon began her career in public practice, moved to mining industry as an internal auditor for Cominco Ltd., and has served as controller and chief financial officer for several mining companies before joining the Lang Mining Group. Shannon holds a Bachelor of Commerce degree and is a registered Chartered Accountant.