Cassius Ventures Ltd. Provides Further Update on Nicaraguan Landholdings

Cassius Ventures Ltd. (TSX VENTURE:CZ) (the "Company") announces that as part of
ongoing discussions between the Company and the Nicaraguan Ministry of Mines
("MEM" or "Ministry") to restructure its landholdings and associated rents, the
Company has submitted an application to reduce its landholdings by 66,097
hectares. The application is subject to review and approval by MEM. Discussions
between the Company and MEM are ongoing in regards to the extent of concession
rents owing in respect of the Company's retained and relinquished landholdings.


Following approval, the Company will hold 11 concessions over 71,689 hectares,
including a significant portion of the Nueva Segovia and Leon project areas,
where most of its work to date has been targeted and where exploration results
have been the most encouraging.


The Company continues to explore alternatives to finance the development of its
properties, including joint venture and / or partnership structures with junior
and senior gold companies. Further updates will be provided in due course.


About Cassius Ventures

Cassius Ventures is focused on the development of the Nueva Segovia and Leon
gold projects over approximately 71,000 hectares in Nicaragua. Exploration work
to date has resulted in the identification of high grade anomalous values in
drilling identified at Nueva Segovia targets, as well as the occurrence of a 6
km2 porphyry with a potential gold/molybdenum/silver/copper mineralization and
high grade vein targets in the Leon area. The Company is currently focused on
securing a strategic partner or other financing to help advance a development
program consisting of 2,000 meters of drilling to follow up targets in Nueva
Segovia, and airborne magnetics, mapping, prospecting, rock geochemistry, a
trench/pit exploration program, induced polarization and 1,500m of drilling at
the gold/molybdenum/silver/copper porphyry target at Leon.


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.


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)