CZ

Cassius Ventures Ltd. (TSX VENTURE:CZ) (the "Company") announces that it has
given notice of termination of the agreement (the "Option Agreement") under
which it held an option to acquire a 60% interest, title and right in and to the
Carrot River Property located in Manitoba.


The termination of the Option Agreement allows for the Company to focus solely
on progressing its exploration program in respect of its Nicaraguan gold
properties, which consist of sixteen exploration concessions over 137,000 ha
recently acquired from Fortress de Nicaragua S.A.


On behalf of the Board of Directors

Cassius Ventures Ltd.

John Thomas, President and CEO

Cassius Ventures Ltd (TSXV:CZ)
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