CZ

Cassius Ventures Ltd. (the "Company") (TSX VENTURE:CZ) is pleased to provide an
update on the Company's 2011 exploration program in respect of its Nicaraguan
gold properties acquired in May of this year and to report the Company's July
31, 2011 quarter end results.


Exploration Update

In June 2011, the Company completed the acquisition of sixteen exploration
concessions located across three project areas in Nicaragua ("the Nicaraguan
Gold Properties"). 


In July, 2011, the Company opened its office in the Nicaraguan capital of
Managua and commenced fieldwork in respect of the properties with 10 geologists
focused initially on the Murra Mining District ("MMD") and Central North West
("CWN") concession areas. 


Environmental permits to allow prospecting (which allows sampling of stream
sediments, soils, outcrops and trenching to a maximum depth of 1.5 meters) have
been renewed for all MMD and CWN areas, and an exploration permit which allows
deeper trenching and drilling has been obtained for Manto de Corona, one of the
Company's initial targets for drilling in the MMD area (see below).
Environmental permits to allow for the exploration of other concession areas are
in the process of being obtained through the environmental application process.


In the northern MMD district, work started immediately on trenching at the Manto
de Corona target, located in the La Jalapena concession. Work carried out by
Fortress in 2007 and 2008 had located a very pronounced gold anomaly. Several
trenches had been dug and sampled historically, together with sampling of
several tunnels, believed to be from artisanal mining carried out historically. 


The Company has built on this historic work, adding an additional 210 meters of
trenching and collecting some 260 samples up to the end of August 2011. Work in
this area is ongoing and an initial drill program is planned for commencement in
October 2011. 


In addition to work done on the Manto de Corona, trenching work was started in
July 2011 on La Olingo, another well pronounced anomaly located some 13 km south
east of Manto de Corona. Two trenches have been excavated, one of 62 meters, and
the other 37 meters and to the end of August. Some 75 samples have been
collected for which the Company awaits results.


Stream sediment sampling over the large (47,000 hectare) La Leonesa concession
located within the CWN concession area has been completed this month. To the end
of August, some 632 samples had been taken. Two areas showing anomalous gold
values have been identified so far in the Western part of the concession, area
and assay results are anticipated to be delivered in October, 2011. 


Other CWN targets include Cerros Rojos, a large zone of alteration (10 km2)
identified and presumed to be a zone of moderate to high sulfidation, Zopilote
another low sulfidation target identified near Santa Barbara Hill and a very
large (100 km2) area of andesite lava containing magnetite and ilmenite in La
Leonesa.


The exploration program will continue through to May, 2012 where the results the
Company's sampling and drilling program will dictate the extent of further
exploration in the areas.


July 31, 2011 Quarter End Results

The Company announced today its financial results for the three and nine month
period ended July 31, 2011.


Total assets at July 31, 2011 amount to $4,270,610 (October 31, 2010 -
$634,964), comprising cash and cash equivalents of $2,105,698 (October 31, 2010
- $486,719), and Mineral Properties of $2,110,525 (October 31, 2010 - $142,514).
The increase in mineral properties of $1,968,011 is primarily due to the
acquisition and commencement of the exploration program of the Company's
Nicaraguan Gold Properties. The increase in cash and cash equivalents of
$1,618,979 was the result of $2,755,427 received from private placements net of
share issuance costs, partially offset by $641,691 incurred in operating
activities, $18,307 from the purchase of equipment, and $493,950 in mineral
property expenditures.


Three month period ended July 31, 2011

During the three months ended July 31, 2011, the Company incurred a net loss of
$216,165 compared to $44,939 for the three months ended July 31, 2010. The loss
of $216,165 was primarily due to acquisition costs of $118,011 (2010 - $Nil) as
it pertained to the acquisition of the Nicaraguan Gold Properties; and
consulting fees of $27,400 (2010 - $Nil) related to strategic corporate advisory
services provided by various consultants of the Company. 


Lawrence Dick, a Director of the Company and a Qualified Person as defined by NI
43-101, has reviewed and is responsible for the technical information contained
in this news release.


CASSIUS VENTURES LTD. (www.cassiusventures.com)

On behalf of the Board of Directors

John A. Thomas, President and Chief Executive Officer

This news release contains forward-looking information (within the meaning of
Canadian securities laws) about the Company and its future plans.
Forward-looking information reflects management's expectations or beliefs
regarding future events rather than historical facts, and in this news release
includes, without limitation, statements regarding potential mineralization and
resources, exploration results, and future plans and objectives of the Company.
In certain cases, forward-looking statements can be identified by the use of
words such as "plans", "expects" or "does not expect", "scheduled", "believes",
or variations of such words and phrases or statements that certain actions,
events or results "potentially", "may", "could", "would", "might" or "will" be
taken, occur or be achieved. There can be no assurance that forward-looking
statements will prove to be accurate, and actual results could differ materially
from those expressed or implied by the forward-looking statements.
Forward-looking statements are based on certain assumptions that management
believes are reasonable at the time they are made. In making the forward-looking
statements in this news release, the Company has applied several material
assumptions, including, but not limited to, the assumption that:

(1) the Company's ability to discover minerals in commercially feasible
quantities in Nicaragua, (2) the Company's ability to raise the necessary
financing for ongoing operations and to complete any acquisitions or pursue any
planned exploration programs, (3) there being no significant disruptions
affecting operations, whether due to labour/supply disruptions, damage to
equipment or otherwise; (4) permitting, development, expansion and power supply
proceeding on a basis consistent with the Company's current expectations; (5)
certain price assumptions for gold; (6) prices for availability of natural gas,
fuel oil, electricity, parts and equipment and other key supplies remaining
consistent with current levels; (7) the accuracy of current mineral resource
work and studies on the Company's property; and (8) labour and material costs
increasing on a basis consistent with the Company's current expectations.
Important factors that could cause actual results to differ materially from the
Company's expectations include, among others, risks related to the ability of
the Company to obtain necessary financing and adequate insurance; the economy
generally; fluctuations in the currency markets; fluctuations in the spot and
forward price of gold or certain other commodities (e.g., diesel fuel and
electricity); changes in interest rates; disruption to the credit markets and
delays in obtaining financing; the possibility of cost overruns or unanticipated
expenses; employee relations. Accordingly, readers are advised not to place
undue reliance on forward-looking statements. Except as required under
applicable securities legislation, the Company undertakes no obligation to
publicly update or revise forward-looking statements, whether as a result of new
information, future events or otherwise. Reference to the section entitled
"Risks and Uncertainties" immediately preceding this section.

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