Cream Minerals Files Technical Report on its Casierra Properties in Sierra Leone.

VANCOUVER, British Columbia -- Cream Minerals Ltd. (TSX VENTURE:CMA)(OTCBB:CRMXF) ("Cream") is pleased to report that it has now formally filed the Technical Report on Alluvial Diamond Properties EPL 1/94 and EPL 5/94 (also referred to as "Casierra Properties") in Sierra Leone. The report was written by Mr. Charles K. Ikona, P. Eng., of Pamicon Developments Ltd., dated May 12, 2005, and is now posted on the Company's website www.creamminerals.com. A preliminary summary of the report's contents was released in the Cream Minerals Ltd. news release on April 19, 2005.

The first phase exploration programs on the Hima River Lease and the offshore Lease have now been essentially completed, at lower costs than expected. The phase 1 Banka Drill Program on the Hima River lease was budgeted at US$350,000 and the phase I Marine Magnetometer Survey on the offshore lease was budgeted at US$175,500, with results pending.

It should be emphasized that no recovery of diamonds is anticipated from the Banka drilling, according to Mr. Ikona. The drills being used have 6-inch diameter drive shoes, which produce a theoretical volume of 0.00670 cubic yards of material per foot of penetration into the gravels. Assuming an average gravel depth of 3 feet, samples should then be about 0.02 cubic yards in volume, which is not great enough to ensure that any values present will be indicated. In fact, should any diamonds be recovered, they must not be used to assign any values to the gravels, as the multiplication factor used in converting from the small sample size to cubic yards would indicate an impossibly high number. Material recovered from drilling will be examined for trace minerals, possibly indicative of alluvial diamonds, and used as a guide for bulk tests.

The Company believes that the Sierra Leone diamond project may be fast tracked to production. The Hima license (EPL 1/94) on the Sewa River may represent a finite source of alluvial diamonds estimated at 1,800,000 carats ("Hall, 1966"), which has never been commercially mined. The NWT Diamond Industry Report for world diamond prices for 1999 shows the average price for Sierra Leone "rough" as US$240/carat, well above the world average price of US$68/carat.

During the last week of April, Frank A. Lang, P.Eng., President and Arthur G. Troup, P.Eng., Vice President, accompanied by Ms. Linda Dandy, P.Geo. and Mr. Ben Ainsworth, P.Eng., President of Casierra Diamond Mining Corporation, toured Geneva, Zurich, Paris and London to present the Company's projects to nearly 100 major institutional investors and banking representatives, and were well received. It is expected the benefits of this tour will become evident in due course.

Mr. Benjamin Ainsworth, P.Eng., is Cream's "Qualified Person" in Sierra Leone for the purpose of National Instrument 43-101.

For more information about Cream Minerals Ltd., the Company's mineral property interests or to view the European Presentation, please visit our website at www.creamminerals.com.

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

The above material may contain forward-looking information, as normally defined.

U.S. 20-F Registration: 000-29870

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