Cassius Ventures Ltd. Provides Exploration Update on the Leon Project Area and Concession Holdings

Cassius Ventures Ltd. (TSX VENTURE:CZ) (the "Company") is pleased to provide an
exploration update in respect of the Leon project area. 


As disclosed in the Company's press releases of June 7, 2012, and June 26, 2012,
the Company presented initial results of geochemical and rock sampling assay
results from two main areas within Leon: A porphyry target called Cerro Rojo and
Las Mercedes - a vein type target. A full overview of the Company's exploration
program in the Leon Project Area is described below.


The Leon target represents an exciting prospect which the Company hopes to
advance over the coming months and the Company is in the process of exploring a
number of alternatives to advance the property, including joint venture and / or
partnership structures with mid to large tier gold companies.


John Thomas, President and CEO, added: "Recent sampling results from Leon show
promising potential for uncovering additional mineralization at both targets.
Our aim is to continue to advance these properties over the coming months to
help further uncover the potential of the property."


Overview 

The Leon concessions are located 100 km north of Managua and easily accessible
by the Pan-American Highway and a good paved road 30 km to the east. The
concession consists of 63,000 hectares forming one continuous block with one
smaller concession (Paso Real) to the north of the Leon block. 


The Leon concessions are located between El Limon, operated by B2 Gold and the
La India mine owned by Condor Gold PLC, which is presently closed but has a JORC
resource of 1.6 million ounces.  


Access throughout the project area is excellent with gravel roads and trails.
Topography in the area is generally flat and rolling, with low relief. The town
of El Sauce, where the company has accommodation for employees, office space and
storage and logging facilities, is located in the center of the concession.
Local labor is readily available.


The exploration program at Leon has comprised: 



--  Stream sediment, soil, rock chip, and trench channel sampling on
    concessions not previously sampled as well as concessions worked on
    historically 
--  Soil geochemistry surveys on prospective areas 
--  Mapping and rock sampling on the prospective areas 



In all, a total of eight sediment gold anomalies have been identified in a trend
which runs NW - SE across the Leon concessions (Figure 1). 


Cerro Rojo 

At Cerro Rojo, soil geochem sampling resulted in the outlining of an anomalous
gold area, which was followed up by mapping and rock sampling. Mapping of the
porphyry indicates a coverage of approximately 6 km2 with oxidation,
argillitization, quartz veinlets locally, and brecciation, with 1% to 2% pyrite.
The porphyry is quartz-andesitic to dacitic in composition. Mafic volcanics
occur in contact or adjacent to the quartz-feldspar porphyries and are observed
in several areas to the east and west of the porphyries.


The geochem soil sampling results of this area demonstrate a strong gold anomaly
associated with pyrite in a quartz-feldspar porphyry and with an associated Mo,
Ag and Cu anomaly. The mineralization model for the area is a porphyry gold -
molybdenum - copper mineralization. In 2011, a total of 1,058 soil samples were
collected with maximum values of 125 ppb Au, 150 ppm Mo, and 297 ppm Cu. 


As a result of the Au soil geochem anomalies, focused rock sampling of 148 rock
samples were collected with maximum values of 14,011 ppb Au, 81 ppm Ag, 653 ppm
Mo, and 144 ppm Cu. Rock sampling of the porphyry where there is brecciation,
quartz veining, quartz flooding and silicification, resulted in eight samples
returning values above 1.00 g/t Au. Mineralization in the eight samples occur
over an open area of 500 m (east-west) by 350 m (north-south). The surface grab
samples gave values of 14.01 g/t Au, 7.79 g/t Au, 6.26 g/t Au, 2.02 g/t Au, 1.99
g/t Au, 1.48 g/t Au, 1.13 g/t Au and 1.05 g/t Au (Figure 2).  


The next stage of exploration at Cerro Rojo is to better define the extent of
the porphyry, potentially through airborne and / or ground IP surveys.


Las Mercedes 

At Las Mercedes, several stream sediment anomalies occur along a northwest trend
stretching over a distance of 24 km and parallel to the orientation of the La
India gold deposit. 


A detailed soil geochem survey carried out at Las Mercedes defined four soil
geochem anomalies based on 247 soil samples. In total, 25 soil samples returned
anomalous values ranging between 50 ppb Au and 196 ppb Au. These Au soil geochem
anomalies helped focus the mapping and rock sampling in areas of gold
mineralization. One of the northern soil anomalies has two historical workings
with 1.8 m wide quartz veins cutting through intermediate volcanics (andesites)
and trending 119 degrees dipping 60 degrees S and two samples returned assays of
0.25 g/t Au and 0.33 g/t Au. 


Prospecting and mapping west of the tunnels uncovered two mineralized areas: the
first site at 850 m west-southwest grading 32.15 g/t Au in a quartz vein within
silicified intermediate volcanics and a second site 1.50 km west within quartz
veins and silicified intermediate volcanics assaying 55.25 g/t Au . The
mineralization and structures trend northwest, similar to the mineralization
trends at the La India deposit, southeast of the area. A third site, 700 m north
of the first site noted above assayed 28.23 g/t Au in quartz veins within
dacites. Soil geochemical anomalies in the southern part of Las Mercedes (block
C) occur in an area of oxidized rocks within intermediate volcanics. 


This area requires further mapping and rock sampling in order to further define
mineralization in the area.


Update on Landholdings in Nicaragua

As noted above, in the light of challenging equity market conditions, the
Company notes that it is currently in discussions with the Nicaraguan mining
ministry to re-structure its concession holdings and rents held by its wholly
owned subsidiary Fortress de Nicaragua S.A. As part of the restructuring, the
Company is considering the extent of concessions held as well as potential joint
venture opportunities in regards to certain concessions. 


The restructuring is being undertaken in order to enable the Company to optimize
its cash position in the coming months. 


Further updates will be provided in due course.

To view Figures 1-3, please visit the following link:
http://media3.marketwire.com/docs/cz829i.pdf. 


CASSIUS VENTURES LTD. (www.cassiusventures.com) 

On behalf of the Board of Directors

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

Eddy Canova, P.Geo., Director of Exploration of 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.


This news release contains forward-looking information (within the meaning of
Canadian securities laws) about the Company and its future plans.
Forward-looking information reflects management's expectations or beliefs
regarding future events rather than historical facts, and in this news release
includes, without limitation, statements regarding potential mineralization and
resources, exploration results, and future plans and objectives of the Company.
In certain cases, forward-looking statements can be identified by the use of
words such as "plans", "expects" or "does not expect", "scheduled", "believes",
or variations of such words and phrases or statements that certain actions,
events or results "potentially", "may", "could", "would", "might" or "will" be
taken, occur or be achieved. There can be no assurance that forward-looking
statements will prove to be accurate, and actual results could differ materially
from those expressed or implied by the forward-looking statements.
Forward-looking statements are based on certain assumptions that management
believes are reasonable at the time they are made. In making the forward-looking
statements in this news release, the Company has applied several material
assumptions, including, but not limited to, the assumption that: (1) the
Company's ability to discover minerals in commercially feasible quantities in
Nicaragua, (2) the Company's ability to raise the necessary financing for
ongoing operations and to complete any acquisitions or pursue any planned
exploration programs, (3) there being no significant disruptions affecting
operations, whether due to labour/supply disruptions, damage to equipment or
otherwise; (4) permitting, development, expansion and power supply proceeding on
a basis consistent with the Company's current expectations; (5) certain price
assumptions for gold; (6) prices for availability of natural gas, fuel oil,
electricity, parts and equipment and other key supplies remaining consistent
with current levels; (7) the accuracy of current mineral resource work and
studies on the Company's property; and (8) labour and material costs increasing
on a basis consistent with the Company's current expectations.


Important factors that could cause actual results to differ materially from the
Company's expectations include, among others, risks related to the ability of
the Company to obtain necessary financing and adequate insurance; the economy
generally; fluctuations in the currency markets; fluctuations in the spot and
forward price of gold or certain other commodities (e.g., diesel fuel and
electricity); changes in interest rates; disruption to the credit markets and
delays in obtaining financing; the possibility of cost overruns or unanticipated
expenses; employee relations. Accordingly, readers are advised not to place
undue reliance on forward-looking statements. Except as required under
applicable securities legislation, the Company undertakes no obligation to
publicly update or revise forward-looking statements, whether as a result of new
information, future events or otherwise. Reference to the section entitled
"Risks and Uncertainties" immediately preceding this section.