Cream Minerals Ltd. announced the completion of an updated Mineral Resource estimate at the company's 100% owned Nuevo Milenio Silver-Gold Project ("Nuevo Milenio") in Nayarit State, Mexico (the "Independent Mineral Resource Estimate"). Economically interesting epithermal silver-gold mineralization of the low sulphidation type occurs in steeply dipping, laminated to vuggy quartz veins and stockworks that are exclusively hosted by a lapilli tuff-agglomerate formation. Surface mapping has identified numerous vein-systems, Dos Hornos 1 and 2, Veta Tomas, Once Bocas, Cafetal and Chacuaco, which define three continuous structures striking northwest to southeast across the property. The structures that control mineralization extend beyond their explored length and pass under younger volcanic tuffs and flows which have not been explored in any detail. Disseminated mineralization occurs with variable amounts of fine-grained sulphide, mainly pyrite, which become scarcer in the upper portions of the geothermal system. The near-surface portions of the deposits were mined during the Spanish colonial period. The 2013 Report by WGM provides an estimate of the Current Mineral Resources on Cream's Nuevo Milenio property with individual estimates for each of the Dos Hornos 1, Dos Hornos 2, Veta Tomas and Once Bocas North zones. These estimates incorporate both gold and silver mineralization and are based on the drill hole database spanning approximately 10 years of drilling. The estimates were prepared from a polygonal model using a CAD:USD exchange rate of par (1:1) and on the following metal prices in USD per ounce: Au at $1635.00 and Ag at $31.50 as established at the close of trading on 7 February, 2013. Gold and silver assays and metal prices were also used to calculate equivalent-silver grades. WGM's review of the assay data indicates that extreme high-grade assays (nuggets) are rare in the assay database. High grade silver assays were cut to 1,000 g Ag/t. No assay cutting was required for gold values. A minimum true thickness of 1.5 metres (5.7 feet) was imposed on intersections to qualify as Mineral Resources. WGM's base case estimate of the Mineral Resources used a minimum cut-off grade of $75 contained value in silver + gold. The resources were estimated without consideration for metal recoveries and were classified in compliance with NI 43-101.

Cream Minerals Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended September 30, 2012. For the quarter, the company reported total revenue of CAD 1,082 against CAD 5,947 for the same period last year. Net loss and comprehensive loss for the period was CAD 453,774 or CAD 0.01 per basic and diluted share against CAD 1,756,970 or CAD 0.01 per basic and diluted share for the same period last year. For the nine months, the company reported total revenue of CAD 2,276 against CAD 17,662 for the same period last year. Net loss and comprehensive loss for the period was CAD 865,308 or CAD 0.01 per basic and diluted share against CAD 3,749,572 or CAD 0.02 per basic and diluted share for the same period last year. Cash provided by operating activities was CAD 184,404 against cash used in operating activities of CAD 3,286,730 for the same period last year.

Cream Minerals Ltd., Annual General Meeting, Dec 13, 2012., at 13:30 Pacific Standard Time. Location: The YWCA, Welch Room. Agenda: To receive and consider the report of the directors and the consolidated financial statements of the company together with the auditor's report thereon for the financial year ended March 31, 2012; to fix the number of directors at seven; to elect directors for the ensuing year; to appoint the auditor for the ensuing year; to authorize the directors to fix the remuneration to be paid to the auditor; to ratify and approve the company's 10% rolling stock option plan; and to transact such further or other business as may properly come before the meeting and any adjournments thereof.