Company Web Site: www.creamminerals.com

(NI) 43-101 reports from projects located in: Mexico (MX)

This report is based on NI 43-101 disclosures and fully diluted share counts available on: 2008-12-24. Metrics have been updated with stock price and metal prices in effect at the close of Canadian markets on 2010-03-11.

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Cream Minerals Announces Signing Of Joint Venture Agreement With Roca Mines For The Nuevo Milenio Project, July 27, 2009 Note: Cream Minerals ownership adjusted to 30% of the Nuevo Milenio JV (which assumes full participation by JV partner). Change to be applied with August 11, 2009 metrics updates.

GoldMinerPulse Most Optimistic Resource Estimate Summary (MORE):
Metrics last with prices in effect at the TSX/TSXV close on 2010-03-11

Project/Deposit	CC	MVpSh	PP%	MI%	I%	Gold	Silver
Nuevo Milenio	MX	$3.45	0	0	100%	82.38 K oz	12.46 M oz
GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Mar-11
Metric / Metal						Gold	Silver
Metal Totals						82.38 K oz	12.46 M oz
Metal Prices in US$ (from 2010-03-11)						$1,108.90 per oz	$17.15 per oz
Metal Value per Share (MVpSh) (Shown in US$ and based on fully diluted share count shown below)						$1.03	$2.42
Percentage of Total Metal Value						29.95%	70.05%
PP% | MI% | I%						0 | 0 | 100%	0 | 0 | 100%
GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Mar-11
Metal Value per Share (MVpSh)						US$3.45
Average Ore Value per Tonne						US$197.58
Metal Value Leverage (MVL)						41.59
Market Capitalization as % of Metal Value						2.4%
Recent Stock Price						C$0.085   (TSX/TSXV close on 2010-03-11.)   Conversion rate used: 1 Cnd$ = 0.976275 US$ )
Fully Diluted Share Count						88.37 M    ( Fully diluted share count taken from the Share Structure Web page (visited August 2009). )
PP% | MI% | I%						0 | 0 | 100%
Gold Metrics-- all Projects/Deposits
Average Gold Ore Grade						1.66 g/t
Market Capitalization     per oz of Gold In Ground						$89.02   US$  |   91.19   C$
Gold Eq Oz Estimate						275.01 K oz   ( 82.38 K oz are in ground)
Market Capitalization     per oz of Gold Equilavent						$26.67   US$  |   27.31   C$
Silver Metrics-- all Projects/Deposits
Average Silver Ore Grade						251 g/t
Market Capitalization     per oz of Silver In Ground						$0.59   US$  |   0.60   C$
Silver Eq Oz Estimate						17.78 M oz   ( 12.46 M oz are in ground)
Market Capitalization     per oz of Silver Equilavent						$0.41   US$  |   0.42   C$
See terms for more about GoldMinerPulse metrics.

Additional Notes:

Other Projects (without a NI 43-101 resource estimate)    -   Project names taken from company web site (October 2008).

• Casierra Diamond Property, Sierra Leone, West Africa
• Goldsmith Gold Property, British Columbia, Canada
• Kaslo Silver Property, British Columbia, Canada
• Kootenay Gemstone Property, British Columbia, Canada
• Kootenay Gemstone Property, Manitoba, Canada
• Wine Nickel-Copper Property, Manitoba, Canada

 

GoldMinerPulse Coverage Status:

• GoldMinerPulse coverage of Cream Minerals Ltd. is complete pending a final internal review.

(NI) 43-101 Report:

Title: REVISED EVALUATION REPORT DOS HORNOS AND VETA TOMAS GOLD - SILVER STRUCTURES NUEVO MILENIO PROJECT
Date: 2008-12-24 (119 pages)

Updates: Company news release Cream Minerals Announces Revised Inferred Mineral Resource Estimate At the Nuevo Milenio Silver - Gold Project, Mexico .

Project Location: Nayarit, Mexico  /  Mining Region: Sierra Madre Occidental

Map View: View project on a Google Map.

Most Optimistic Resource Estimates (MORE):

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$1.03	82.38 K oz	1.660 g/t	5.14 M t
Silver	$2.42	12.46 M oz	251.000 g/t	5.14 M t
Estimate notes: See table Reported Inferred Mineral Resources revised to allow for present Gold and Silver Prices Resource quantities adjusted for ownership percentage of 30.0%. See REVISED INFERRED MINERAL RESOURCES (Part of NI 43-101 compliant Mineral Resource above) on p. 7 of 119 in the (NI) 43-101 report dated December 24, 2008.