Vancouver, BC -- March 30, 2011 - Cream Minerals Ltd. (TSX-V - CMA) ("Cream" or the "Company") is pleased to announce the results of assays for drill holes DH 1 -- 01 - 11 and DH 1 -- 02 -- 11 drilled at a dip of -45 degrees. These are the first assays from the previously announced 10,000 metre drill program at the Nuevo Milenio Silver -- Gold Project which began February 6, 2011 and represent initial results of in-fill drilling on the Dos Hornos 1 vein structure. The high grade assays of 1,849 g/t silver and 6.21 g/t gold are the most positive result results Cream has encountered to date on the Dos Hornos 1 vein structure and compare favourably with the assays of 1,886 g/t silver and 6.18 g/t gold encountered over 3.11 metres on the Veta Tomas vein structure (see Cream's news release dated March 16, 2010). It is important to note that the Dos Hornos 1 vein structure at 12 plus metres in width is significantly wider than the Veta Tomas vein structure which is 5.1 metres in width.
The objective of the 10,000 metre drill program is three fold including conducting in-fill drilling on the Dos Hornos 1 and Dos Hornos 2 and Veta Tomas vein structures. The in-fill drilling is intended to provide sufficient data to commission a new NI 43-101 resource estimate and to enable the Company to upgrade a significant portion of the current Inferred Mineral Resource to Indicated. These initial assays reported are a positive step towards achieving this goal. With additional assays pending and further in-fill drilling to be completed Cream continues to work towards achieving its stated goal.
A total of 18 diamond drill holes for a total of 4,320 metres have been completed. Diamond saw-cut core samples from 15 holes have been shipped to the preparation Lab. of Inspectorate in Durango, Dgo, Mexico. Following preparation the core samples will be shipped to Inspectorates laboratory in Sparks, Nevada for assaying.
Tables one and two contain summaries of Assays for DH1 -- 01 -- 11 and DH1 -- 02 -- 11. Tables three and four contain all Assay results.
Table 1: DH1 -- 01 -- 11 Summary of Assays
Sample # From m To m Intercepted m Au g/t Ag g/t Weighted Average 51702 to 10 41.00 56.40 15.40 0.240 40.93 including 51706 to 10 47.10 56.40 9.30 0.350 53.35 including 51708 to 10 51.70 56.40 4.70 0.690 83.20 including 51709 53.00 55.00 2.00 1.495 163.60
Table 2: DH 1-02-11 Summary of Assays
Sample # From m To m Intercepted m Au g/t Ag g/t Weighted Average 51771 to 78 60.20 72.82 12.62 1.106 311.16 including 51771 to 76 60.20 68.82 8.62 1.599 454.69 including 51771 to75 60.20 66.82 6.62 2.070 587.74 including 51772 to 75 62.20 66.82 4.62 2.952 825.47 including 51773 63.34 64.83 1.49 6.210 1849.30 including 51774 64.83 66.00 1.17 3.147 731.90 including 51775 66.00 66.82 0.82 0.664 162.50
Table 3: DH1-01-11, Section 3, Dos Hornos 1 Assays of Mineralized Intercepts
Sample # From m To m Intercepted m Au g/t Ag g/t 51702 41.00 42.50 1.50 0.106 10.10 51703 42.80 43.10 0.30 0.243 25.60 51704 43.10 45.10 2.00 0.042 36.20 51705 45.10 47.10 2.00 0.018 13.30 51706 47.10 49.10 2.00 0.028 24.90 51707 49.10 51.70 2.60 0.019 21.30 51708 51.70 53.00 1.30 0.132 17.00 51709 53.00 55.00 2.00 1.495 163.60 51710 55.00 56.40 1.40 0.057 29.8
Table 4: DH1-02-11, Section 2, Dos Hornos 1 Assays of Mineralized Intercepts
Sample # From m To m Intercepted m Au g/t Ag g/t 51771 60.20 62.20 2.00 0.041 38.60 51772 62.20 63.34 1.14 0.138 60.20 51773 63.34 64.83 1.49 6.210 1849.30 51774 64.83 66.00 1.17 3.147 731.90 51775 66.00 66.82 0.82 0.664 162.50 51776 66.82 68.82 2.00 0.033 14.30 51777 68.82 70.82 2.00 0.01 2.60 51778 70.82 72.82 2.00 0.076 1.10
Mr. Ferdinand Holcapek, P. Eng., Director and Administrator General, Cream Minerals De Mexico, SA de CV, supervises the Company's exploration programs on the Nuevo Milenio Project. He is responsible for the technical reporting in this news release and is the Company's "Qualified Person" for the purpose of NI 43-101.
Cream Minerals is primarily a silver-gold exploration company with properties in Mexico and Canada. To learn more about Cream Minerals please click here www.creamminerals.com
