CZ

NOT FOR DISSEMINATION INTO THE UNITED STATES OF AMERICA OR DISTRIBUTION TO U.S.
NEWSWIRE SERVICES


Cassius Ventures Ltd. (TSX VENTURE:CZ) (the "Company") is pleased to announce
that it intends to undertake a non-brokered private placement on a best
endeavours basis of 6,920,000 common shares of the Company at a price of $0.05
per common share to raise gross proceeds of up to $346,000 to be used for
general working capital purposes, settlement of certain payables including
management and other fees to non-arms length parties, and for costs in
connection with Company's Nicaraguan gold properties.


The private placement is subject to the approval of the TSX Venture Exchange.

On behalf of the Board of Directors

John A. Thomas, P.Eng, CEO and President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Cassius Ventures Ltd.
604 558 1107
604 566 9081 (FAX)

Cassius Ventures Ltd (TSXV:CZ)
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