Phage Genomics Inc .

Actual results could differ
materially from those projected in the forward looking statements as a result
of risk factors discussed in Phage Genomics Inc.1
metres of mineralization (true width 7 to 8 metres) averaging 209.

dredging geotechnics

0% lead and 8.

pipefreezing mined

At the Silver Bear zone, reverse circulation rotary drilling is
recommended along the strike of the graphitic shear structure.

drillers naics

Approval is expected before mid 2005.7 g/t silver, 0.

Ms.

bore bevroren

pipefreezing unep

92% zinc; including 0.

For more information about Cream Minerals Ltd.

auger ventec

3 g/t
silver, 21.7% zinc.

coring geotechnics

Surface sampling can
continue in advance of receiving the drilling and mining permits.4% lead
and 5.

unep pipefreezing

Such statements involve certain risks and
uncertainties associated with an emerging company.

A large number of individual targets and target zones have been
generated from these previous exploration programs. The target areas
are typically defined by VLF-EM conductors and coincident elevated
metals in soil.

casing wireline

reports that will be on file
with the US Securities and Exchange Commission (including but not limited to
the report on Form 10-QSB for the quarter ending September 30, 2004).

Primary target areas for further investigation are within and
adjacent to some of the historic workings.

ventec drillers

The largest single recorded producer was the
Cork-Province Mine that mined approximately 191,410 tonnes of silver,
lead and zinc ore with grades of 85 g/t silver , 3. Other significant but small scale producers include the Bismark,
Gibson, Black Fox, Gold Cure and Silver Bear properties which reported
high grade mineralization of greater than 1000 g/t silver , 15% lead
and 22% zinc.

- Six 50-Kg bulk samples were taken at selected locations across
the Silver Bear Shear Zone.

- Diamond drilling on the Bismark Zone intersected a 9. An airborne
magnetic and electromagnetic survey flown over the entire property
would assist in further defining the regional structures that host
mineralization.

mined dredging

FUTURE PLANNED WORK + USE OF PROCEEDS
--- ----------------------------------

The intent of the 2005 exploration work program is to identify the grade,
tonnage and leachability of the gold zones within the Searchlight project
area.

News Editors

VANCOUVER, British Columbia----March 31,
2005--Cream Minerals Ltd. The Company desires to
initiate further exploration of the silver-lead-zinc mineralization
that occurs on the property. Most of the elevated soil anomalies extend out from
old mine workings, and the geophysical anomalies indicate continuity
of structure away from the workings.com

U. 20-F Registration: 000-29870

No regulatory authority has approved or disapproved the
information contained in this news release.

zereko coring

1-20
microns) and geological data indicates it is associated with a hydrothermal
suite of minerals.
This press release contains "forward looking" statements within the
meaning of Section 21A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934 as amended, and are subject to the
safe harbors created thereby. A representative composite of 3 of the 6
samples returned a head grade of 780 grams per tonne silver, 13. The mineralization should
be explored both laterally and to depth from the workings.

Cost estimates to complete the recommended exploration program,
including airborne and ground geophysical surveys, diamond and rotary
drilling, and bulk sampling, total $2,024,650., of P+L Geological Services, has
supervised the Company's previous exploration programs summarized
above and is the Company's supervisor and "Qualified Person" for the
purpose of National Instrument 43-101.

, crushing, screening, washing,
and flotation), and other preparation customarily performed at the mine
site, or as a part of mining activity.

naics rotory

3
g/t silver, 6.73% lead
and 0. (TSX VENTURE:CMA) (OTC Bulletin Board:CRMXF )

bore ventec

11 - The company announced
today that it is in the process of reorganization and it is changing its focus
from Biotech to becoming a mineral exploration company, dedicated to the
discovery and exploitation of gold and other precious metal deposits.72%
zinc. and its mineral
property interests, please see our website at www.

ventec customarily

SUMMARY-SEARCHLIGHT PROJECT
----------- ----------------

Location: Southern Nevada, USA (50 miles south of Las Vegas)
Project Size: 3,200 acres
History: In established gold camp (250,000 oz produced 1900-1950)

WORK COMPLETED TO DATE
----------------------

Exploration work by the claim owners on the Searchlight project, during
the period 1989-2004, has indicated that gold mineralization could potentially
occur over large areas in the central part of the claim block. Independent geologists and engineers will be engaged to certify the
work. Budget for this work (phase 1) is projected at $500,000. Results from prior exploration
programs conducted on the property by Cream have been extremely
encouraging.05% lead and 4.3% zinc.2%
lead and 6.62 metres of 1131.

geotechnics cryotechnology

Electron
microscope work has shown that the gold is extremely fine (less than 0.
Highlights from these exploration programs can be summarized as
follows:

- Diamond drilling on the Cork-Province Zone intersected 21 .1% zinc; including 1 metre of 680. As well, diamond
drilling is recommended at the Black Fox, Gibson , Bismark and
Cork-Province mineralized zones to further explore their potential.

auger casing

For further information: Ian Matheson (702) 501-4981

Cream Minerals Ltd.: $2 000 000 Exploration Program Recommended for Kaslo Silver Property BC

The property comprises 76 claim units covering a total area of
1900 hectares, and is 100% owned by Cream.

From 1996 to 1999 Cream conducted geochemical and geophysical
surveys with follow-up trenching and diamond drilling on the property . The potential for larger
deposits, formed from a combination of fracture-controlled
replacement , infills into dilatant zones within the host carbonate
rocks, and shear controlled veins, exists on the property.

foraco naics

Exploration and development on the property has a history dating
back to the early 1900's.

- Geological, geochemical and geophysical mapping indicates that
shear-breccia -replacement silver-lead-zinc mineralization occurs
within parallel fault zones that total approximately 14 kilometres in
length.

wireline ventec

5 g/t silver, 7.Geo.

The Mining and Drilling sector comprises industries and companies involved
in extracting naturally occurring mineral solids, such as coal and ores;
liquid minerals, such as crude petroleum; and gases, such as natural gas.

quarrying tbk

3% lead and 8.

Due to the very encouraging results obtained to date, an expanded
work program is planned for 2005, subject to financing. Linda Dandy, P.

Cream Minerals Ltd.

foraco wireline

creamminerals.S.

Industries and companies involved in Oil and Gas extraction are listed
under Business/Energy_and_Environment/Oil_and_Gas /

(Source: This category description is based on the North American Industry Classification System (NAICS), 1997).

dredging cryotechnology

The company has negotiated an option on 3200 acres of placer mining
claims just south of Searchlight Nevada.8% zinc. Most of these require
drilling to explore for continuity of mineralization previously
explored by surface cuts, drifts and shafts.
Difficulty of recovery from previous diamond drilling, combined with
the nugget effect of the poddy mineralization, may require follow up
work to consist of a combination of reverse circulation rotary
drilling and bulk sampling of surface exposures.

quarrying, well operations, beneficiating (e.

g.

mined ventec

HENDERSON , NV, Feb.
A claim owner has filed a plan of Operations with the BLM for drilling 22
test holes (100ft) throughout the claim block and for mining a 40-acre pit on
the claims. Should this
work prove successful, then bulk leach tests and additional drilling will be
conducted to determine the feasibility of mining this deposit.3 metre
(true width) mineralized zone averaging 313.

tbk coring

(TSX VENTURE:CMA )(OTCBB:CRMXF) ("Cream") is
pleased to announce that it is has received a report from its
consultant "P+L Geological Services" recommending a $2,000,000
exploration program for the Kaslo Silver Property , located near Kaslo
in southeastern British Columbia.