Cassius Completes Sale of Nueva Segovia Mining S.A.

Cassius Ventures Ltd.  (the "Company") (TSX VENTURE:CZ) announces that the
Company's wholly owned subsidiary, Fortress de Nicaragua S.A. ("Fortress") has
sold the issued and outstanding shares of Nueva Segovia Mining S.A. ("Nueva
Segovia"), a subsidiary of Fortress, to Avaluce S.A. ("Avaluce"), a private
Nicaraguan company. 


Nueva Segovia owns the El Zungano Concession in northern Nicaragua, which covers
approximately 23,814 hectares adjacent to the Company's existing Nueva Segovia
Concession area.


A nominal amount of consideration is being paid to Fortress for the sale of
Nueva Segovia to Avaluce. However, in acquiring Nueva Segovia, Avaluce will be
assuming the liabilities of Nueva Segovia, which will result in a reduction of
the Company's outstanding concession rent liabilities by approximately $70,000
to $80,000.


The Company continues to engage in discussions with the Nicaraguan Ministry of
Mines in order to restructure its key remaining landholdings. Further updates
will be provided in due course.


John A. Thomas P.Eng 

CEO and President

Eddy Canova, P.Geo., consultant to 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.


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)