CMA Cream Minerals Ltd.

Cream Minerals Ltd. (TSX VENTURE:CMA)(OTCBB:CRMXF)(FRANKUFRT:DFL) ("Cream" or
the "Company") provides an update on the timing of the Nuevo Milenio Mineral
Resource Estimate underway.


The independent mineral resource estimate for Nuevo Milenio continues to be
advanced. Challenges encountered in providing data to the consultant in a timely
manner have impacted progress on the mineral resource estimate. Given the large
amount of data involved including over 32,000 metres of drilling, a significant
volume of surface samples, trench samples, underground channel samples as well
as properly identified location coordinates for all but the drilling data
combined with reviews and fact checks were significantly more time consuming
than anticipated. The Company anticipates the release of the mineral resource by
May month end 2012. 


Mr. Ferdinand Holcapek, P.Eng, Director and Administrator General, Cream
Minerals De Mexico, SA de CV, supervises exploration programs on the Nuevo
Milenio Project. He is responsible for all the technical reporting and is the
Company's "Qualified Person" for the purpose of the historic National Instrument
NI 43-101. 


Cream Minerals is a silver-gold exploration company. The Company's focus is to
advance the Nuevo Milenio Silver - Gold Project, Nayarit Sate, Mexico. To learn
more about Cream Minerals please click here www.creamminerals.com. 


This news release contains "forward-looking information" within the meaning of
applicable Canadian securities regulations and including "forward-looking
statements" within the meaning of the United States Private Securities
Litigation Reform Act of 1995. This forward-looking information is made as of
the date of this News Release and except as required under applicable securities
legislation, the Company does not intend and does not assume any obligation to
update this forward-looking information. Forward-looking information is based on
management's current expectations and beliefs and is subject to a number of
risks and uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements. Forward-looking
information in this News Release includes, but is not limited to the planned
drilling program on the Nuevo Milenio project and the Nuevo Milenio project's
estimated mineral resource. Forward-looking information is based on a number of
assumptions which management believes are reasonable including that equipment,
personnel and approvals will be available when required to complete the planned
drilling program, that no disruption to the program will occur as a result of
breakdown, labour disputes, or natural hazards, that the assumptions underlying
the inferred resources estimate are valid, including but not limited to the
projected future prices of silver and gold, continuity of mineralization and
grades, and expected recovery methods and rates. Factors which could cause
actual results to differ materially from current expectations include, but are
not limited to: the risk that actual results of exploration activities will be
different than anticipated, that cost of labour, equipment or materials are more
than expected, that the future price of silver and/ or gold will differ
materially from those implied or estimated, that Canadian / US dollar exchange
rates vary in a manner that has a negative effect on the resource estimate,
unanticipated delays in obtaining governmental approvals or required financing;
that changes in project parameters result in increased costs, of unexpected
variations in mineralization, grade or recovery rate and other factors on which
the mineral resource estimate is based, of failure of equipment or processes to
operate as anticipated, of accidents, labour disputes and other risks generally
associated with mineral exploration and development; a deterioration in general
economic conditions; and changes in laws, rules and regulations applicable to
Cream and the Nuevo Milenio project. 


CAUTIONARY NOTE TO U.S. READERS REGARDING MINERAL RESOURCES

The United States Securities and Exchange Commission ("SEC") allows mining
companies, in their filings with the SEC, to disclose only those mineral
deposits they can economically and legally extract or produce. The Company uses
certain terms in this document, such as "mineral resources", and "inferred
resources" that are recognized and mandated by Canadian securities regulators
but are not recognized by the SEC. U.S readers are cautioned that while the term
'inferred resource' is recognized and required by Canadian regulations, the SEC
does not recognize it. "Inferred resources" have a great amount of uncertainty
as to their existence, and great uncertainty as to their economic and legal
feasibility. It cannot be assumed that all or any part of an inferred mineral
resource will ever be upgraded to a higher category. Under Canadian rules,
estimates of inferred mineral resources may not form the basis of feasibility or
pre-feasibility studies, except in rare cases. U.S. readers are cautioned not to
assume that part or all of an inferred resource exists, or is economically or
legally mineable.


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

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