🕐16.02.12 - 19:54 Uhr

CREAM MINERALS DRILLS TWO METRES OF 147.00 G/T SILVER AND 0.454 G/T GOLD IN NEW
ZONE CAFETAL-VETA OLVIDADA, NUEVO MILENIO SILVER-GOLD PROJECT, MEXICO



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� Cream Minerals Drills Two Metres of 147.00 g/t Silver and 0.454 g/t Gold in
New Zone Cafetal-Veta Olvidada, Nuevo Milenio Silver-Gold Project, Mexico

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VANCOUVER, BRITISH COLUMBIA--(Feb. 16, 2012) - Cream Minerals Ltd. (TSX VENTURE:CMA)(OTCBB:CRMXF)(FRANKFURT:DFL) ("Cream" or the "Company") is pleased to provide results for seven exploration drill holes completed on Cafetal-Veta Olvidada, The Cafetal-Veta Olvidada zone is located to the east of Once Bocas South and trends SE/NW. This new zone is not included in the current NI 43-101 Inferred Mineral Resource.

Cafetal-Veta Olvidada is contained within the much larger Area Cafetal which has dimensions of approximately 600 metres by 325 metres. Cafetal-Veta Olvidada is a poorly exposed 10 metre wide composite zone of quartz breccia and quartz veins-quartz stock work exhibiting intense weathering and oxidation. Detailed geological mapping conducted in 2010 located quartz float trains, sub outcrops and veins with associated quartz stock work. Other parallel quartz veins quartz stock work zones have been mapped within Area Cafetal.

Drill hole DDH 16-03 (completed in 2003 and located at the south eastern portion Cafetal-Veta Olvidada) tested an area of quartz float shedding along a contact between rhyolite flows and rhyolite tuffs. It intersected several well defined quartz veins and quartz stock work zones which returned good silver and gold values. Brecciation and oxidation observed was minimal compared to the northwestern outcrops of Cafetal-Veta Olvidada.

Cafetal-Veta Olvidada was drilled for a strike length of 400 metres of the 500 metres mapped on surface. The zone is open to the NW and to the SE.

HIGHLIGHTS OF THE DRILL RESULTS

Highlights include significant drill intersections (intersections are drill widths, true widths are 50% to 70% of drill intersected width depending on drill inclination).

CAF 05-11

2.00 metres of 72.30 g/t Ag and 0.281 g/t Au including 2.00 metres of 87.70 g/t Ag and 0.210 and; 2.00 metres 75.10 g/t Ag and 0.160 g/t Au.

CAF 06-11

2.00 metres of 139.90 g/t Ag and 0.643 g/t Au

CAF 01-11

2.00 metres of 147.00 g/t Ag and 0.454 g/t Au

ASSAY RESULTS

Drill Hole CAF 01-11 was located in the north central portion of Cafetal-Veta Olvidada with the goal of intersecting both the Cafetal and Veta Olvidada structures.

Description
CAF 01-11
Sample
Number
From
Metres
To
Metres
Width
Metres
Ag
g/t
Au
g/t
Quartz breccia 1965 26.50 28.50 2.00 24.20 0.094 � 1966 28.50 30.50 2.00 19.50 0.110 � � � � � � � Breccia fault 1979 60.50 62.50 2.00 147.00 0.454 � � � � � � � Breccia, oxidation 1986 83.25 85.25 2.00 12.10 0.017 Fault 1987 85.25 87.25 2.00 8.00 0.033 � 1988 87.25 89.25 2.00 27.70 0.067

Drill Holes CAF 02-11 and CAF 03-11 are located along the same section and were also intended to intersect both the Cafetal and Veta Olvidada structures.

Description
CAF 02-11
Sample
Number
From
Metres
To
Metres
Width
Metres
Ag
g/t
Au
g/t
Breccia 2016 50.00 52.00 2.00 10.20 0.022 � � � � � � � Breccia 2027 137.75 139.75 2.00 26.00 0.068 � 2028 139.75 141.75 2.00 4.70 0.011 � 2029 141.75 143.75 2.00 19.00 0.099 Breccia 2044 184.00 186.00 2.00 4.30 0.127

Drill Hole CAF 03-11 encountered intense oxidation, brecciation and faulting of the core suggesting leaching of the values. No significant silver or gold values were returned.

Drill Hole CAF 04-11 is located along the north side of Arroyo San Miguel. Poor ground conditions and excess water due to sub-tropical rains made in it impractical to continue drilling. The hole was stopped short of its intended depth.

Description
CAF 04-11
Sample
Number
From
Metres
To
Metres
Width
Metres
Ag
g/t
Au
g/t
Quartz breccia oxides 2121 35.50 37.50 2.00 18.20 0.061 Breccia Qtz fragments, Tuffs 2122 37.50 39.50 2.00 50.30 0.168

Drill Hole CAF 05-11 is located in Arroyo Cafetal about 100 metres SW of CAF 04-11.

Description
CAF 05-11
Sample
Number
From
Metres
To
Metres
Width
Metres
Ag
g/t
Au
g/t
Quartz vein 2127 48.20 50.20 2.00 20.10 0.068 � � � � � � � Quartz vein 2135 138.50 140.50 2.00 72.30 0.281 � � � � � � � Breccia oxidized 2140 229.90 231.90 2.00 87.70 0.210 � 2141 231.90 233.90 2.00 75.10 0.160 � 2142 233.90 235.90 2.00 6.20 0.040 � 2143 235.90 237.90 2.00 21.70 0.160 � 2144 237.90 239.90 2.00 10.00 0.646

Drill Holes CAF 06-11 and CAF 07-11 were located along the same section approximately 40 metres west of drill hole DDH 16-03

Description
CAF 06-11
Sample
Number
From
Metres
To
Metres
Width
Metres
Ag
g/t
Au
g/t
Quartz vein 2158 29.25 31.25 2.00 0.90 0.877 � � � � � � � Quartz vein 2168 85.00 87.00 2.00 25.20 0.102 � 2169 87.00 89.00 2.00 11.60 0.061 � � � � � � � Quartz vein 2170 101.50 103.50 2.00 14.70 0.146 � � � � � � � Stock work 2175 117.50



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