Cream Minerals Ltd.: $2,000,000 Exploration Program Recommended for Kaslo Silver Property, BC.

VANCOUVER, British Columbia -- Cream Minerals Ltd. (TSX VENTURE:CMA)(OTCBB:CRMXF) ("Cream") is pleased to announce that it is has received a report from its consultant "P&L Geological Services" recommending a $2,000,000 exploration program for the Kaslo Silver Property, located near Kaslo in southeastern British Columbia. Results from prior exploration programs conducted on the property by Cream have been extremely encouraging.

The property comprises 76 claim units covering a total area of 1900 hectares, and is 100% owned by Cream. The Company desires to initiate further exploration of the silver-lead-zinc mineralization that occurs on the property.

Exploration and development on the property has a history dating back to the early 1900's. The largest single recorded producer was the Cork-Province Mine that mined approximately 191,410 tonnes of silver, lead and zinc ore with grades of 85 g/t silver, 3.05% lead and 4.72% zinc. Other significant but small scale producers include the Bismark, Gibson, Black Fox, Gold Cure and Silver Bear properties which reported high grade mineralization of greater than 1000 g/t silver, 15% lead and 22% zinc.

From 1996 to 1999 Cream conducted geochemical and geophysical surveys with follow-up trenching and diamond drilling on the property. Highlights from these exploration programs can be summarized as follows:

- Diamond drilling on the Cork-Province Zone intersected 21.1 metres of mineralization (true width 7 to 8 metres) averaging 209.3 g/t silver, 6.0% lead and 8.1% zinc; including 1 metre of 680.3 g/t silver, 21.3% lead and 8.3% zinc.

- Six 50-Kg bulk samples were taken at selected locations across the Silver Bear Shear Zone. A representative composite of 3 of the 6 samples returned a head grade of 780 grams per tonne silver, 13.2% lead and 6.8% zinc.

- Diamond drilling on the Bismark Zone intersected a 9.3 metre (true width) mineralized zone averaging 313.7 g/t silver, 0.73% lead and 0.92% zinc; including 0.62 metres of 1131.5 g/t silver, 7.4% lead and 5.7% zinc.

- Geological, geochemical and geophysical mapping indicates that shear-breccia-replacement silver-lead-zinc mineralization occurs within parallel fault zones that total approximately 14 kilometres in length.

A large number of individual targets and target zones have been generated from these previous exploration programs. The target areas are typically defined by VLF-EM conductors and coincident elevated metals in soil. Most of the elevated soil anomalies extend out from old mine workings, and the geophysical anomalies indicate continuity of structure away from the workings. The potential for larger deposits, formed from a combination of fracture-controlled replacement, infills into dilatant zones within the host carbonate rocks, and shear controlled veins, exists on the property.

Primary target areas for further investigation are within and adjacent to some of the historic workings. Most of these require drilling to explore for continuity of mineralization previously explored by surface cuts, drifts and shafts. The mineralization should be explored both laterally and to depth from the workings. An airborne magnetic and electromagnetic survey flown over the entire property would assist in further defining the regional structures that host mineralization.

At the Silver Bear zone, reverse circulation rotary drilling is recommended along the strike of the graphitic shear structure. Difficulty of recovery from previous diamond drilling, combined with the nugget effect of the poddy mineralization, may require follow up work to consist of a combination of reverse circulation rotary drilling and bulk sampling of surface exposures. As well, diamond drilling is recommended at the Black Fox, Gibson, Bismark and Cork-Province mineralized zones to further explore their potential.

Cost estimates to complete the recommended exploration program, including airborne and ground geophysical surveys, diamond and rotary drilling, and bulk sampling, total $2,024,650.

Due to the very encouraging results obtained to date, an expanded work program is planned for 2005, subject to financing.

Ms. Linda Dandy, P.Geo., of P&L Geological Services, has supervised the Company's previous exploration programs summarized above and is the Company's supervisor and "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.

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

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

Cream Minerals Ltd. (TSX VENTURE:CMA) (OTC Bulletin Board:CRMXF)