Cream Minerals Receives Technical Report on Casierra Alluvial Diamond Properties in Sierra Leone.

VANCOUVER, British Columbia -- Cream Minerals Ltd. (TSX VENTURE:CMA)(OTCBB:CRMXF) ("Cream") is pleased to announce that it has received a Technical Report on its Casierra alluvial diamond properties EPL 1/94 (Hima prospecting license area) and EPL 5/94 in Sierra Leone, West Africa. The report was written by Mr. Charles K. Ikona, P.Eng., Pamicon Developments Ltd. of Vancouver, Canada, who was requested to examine the licenses and prepare a report in accordance with National Instrument 43-101.

Mr. Ikona, accompanied by Mr. Ben Ainsworth, P. Eng., and Mr. M. Twyman of Casierra, visited EPL 1/94 and EPL 5/94 during the period March 18 to 28, 2005, and also held discussions with government representatives. As reported previously, Cream Minerals Ltd. entered into an option agreement with Casierra Diamond Mining Corporation to earn a 70% interest in EPL 1/94, and to earn a 70% interest in 90% of EPL 5/94.

EPL 1/94 covers approximately 10.5 km of the Sewa River channel along with adjoining flats and terraces up to 1.4 km wide. The Sewa River has a long history of diamond production from alluvial sources with EPL 1/94 containing one of the last portions of the diamondiferous sections of the river which has not seen extensive hand mining by natives (Hall, 1966). Within the lease, the river has a relatively low gradient, but is surrounded both upstream and downstream by sections of the river with much steeper, rapid forming gradients.

In a report written for the Geological Survey of Sierra Leone "The Diamond Fields of Sierra Leone" (P.K. Hall, ARSM, BSc, AMIMM), Hall (1966) reports production from 1950 to 1965 on the section of the river above EPL 1/94, as 42,000 cubic yards with an average recovered grade of 0.75 carats per yard. He further reports 64,000 cubic yards production at similar grade for the same period from the section downstream from the license and suggests substantial reserves remain in these areas.

Based on extensive study of the Sewa River placers and very minor sampling, Hall presents an estimate for the section of the river contained within EPL 1/94. He suggests 2,900,000 cubic yards at 0.4 carats per yard for the channel gravels and 1,500,000 cubic yards at 0.4 carats per yard for the flats and low terraces.

In his Technical Report, Mr. Ikona discusses historical reserve estimates, and notes "These are historical reserves only and do not conform to guidelines for resources and reserves according to NI 43-101, nor should it be assumed that any such resource or reserves will be developed on the license." He notes, however, there seems to be little doubt that diamondiferous gravels are present on the lease and accordingly recommends a two-phase exploration and development program. Phase 1 is a Banka or Churn drill program to delineate the extent and nature of the gravels at an estimated cost of US$350,000. This program is underway at present. Phase 2 will consist of a bulk-sampling program at an estimated cost of US$760,000.

EPL 5/94 is an offshore license some 200 square kms in size covering a portion of the continental shelf near the southern boundary of Sierra Leone at the mouth of the Moa and Mano rivers. These rivers drain diamond producing areas of Sierra Leone and Liberia. Previous sampling on this license by Casierra has recovered 19 gem quality diamonds from the offshore sediments ranging in size from 0.2 to 1.22 carats.

Mr. Ikona reports that "Sampling to date is very encouraging, but has been on a wide spread basis and not sufficient to allow estimates of potential for the lease. The lease at this time contains no mineral reserves or resources and it cannot be assumed that further work will develop any such reserves or resources."

He reports, however, that results of the programs to date are sufficient to justify further work and recommends a two-phase program. Phase 1 will be a detailed magnetometer survey over portions of the lease indicated by the 1995 geophysical work as possible paleochannels employing an Ovenhauser type horizontal and vertical gradient magnetometer. Cost of the program is estimated at US$175,000. Phase 2 will be a dredge sampling program based on the results of phase 1 at an estimated cost of US$710,000. Total cost of the Phase 1 and Phase 2 programs for EPL 5/94 is US$885,000.

TOTAL COST OF PHASE 1 AND PHASE 2 PROGRAMS ON EPL 1/94 AND EPL 5/94 IS ESTIMATED AT APPROXIMATELY US$2,000,000.

For more information about Cream Minerals Ltd. and its mineral property interests, please see our website at www.creamminerals.com.

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

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)