Cassius Ventures Ltd. Provides an Update on 2011/2012 Exploration Program

Cassius Ventures Ltd. (TSX VENTURE:CZ) (the "Company") is pleased to announce an
update in respect of its 2011 exploration program.


Since the last update made on September 29, 2011, the Company has continued to
advance its exploration work on the sixteen concessions that it wholly owns over
three project areas in Nicaragua ("Nicaraguan Gold Properties").


Work to date has concentrated on the 8 concessions in northern Nicaragua
referred to as the MMD (Murra Mining District) concessions and the four
concessions in the center west of the country referred to as the CWN
concessions. The Company has also submitted permitting applications on the four
concessions comprising the Central Eastern properties (CEN).


The overall program was designed to cover four basic steps in respect of each
concession:




1.  Stream sediment sampling; 
2.  Soil sampling over stream sediment anomalies plus rock chip sampling and
    geological mapping at 1:10,000 scale; 
3.  Trenching of the best soil sample anomalies; 
4.  Drilling targets that have been identified.



On the MMD concessions, all stream sediment work has been completed, with assays
expected to be released in the coming weeks. A table summarizing the number of
samples taken to date is shown below:




------------------------------------------------------------
                        Trench              Stream          
                       channel      Soil  Sediment    Trench
Concession             Samples   Samples   Samples  (meters)
------------------------------------------------------------
La Jalapena                806       210         -       648
------------------------------------------------------------
Los Angeles                341       556         -       351
------------------------------------------------------------
Mina America II              -       259         -         -
------------------------------------------------------------
Bana                         -        34         -         -
------------------------------------------------------------
La Union                     -        52         -         -
------------------------------------------------------------
Murra                        -        33         -         -
------------------------------------------------------------
Total                    1,147     1,144         -       999
------------------------------------------------------------



No work has been done to date on the El Carmen and Mina America concessions.

In addition, approximately 650 meters of trenching has been excavated on the
Deagueda and Manto de Corona anomalies located on the La Jalapena concession and
351meters have been excavated on the El Oliingo anomaly located on the Los
Angeles concession. These trenches have been sampled by channel sampling.


For CWN, work has concentrated on stream sediment sampling with some soil
sampling in areas of flat relief. A table showing the work carried out so far is
shown below:




--------------------------------------------------
                                            Stream
                     Rock Chip      Soil  Sediment
Concession             Samples   Samples   Samples
--------------------------------------------------
La Leonesa                 186     1,149       469
--------------------------------------------------
La Raya II                   5         -       204
--------------------------------------------------
Armenia                     16       168        16
--------------------------------------------------
Total                      207     1,317       689
--------------------------------------------------



A summary of the total samples from both areas taken from July to December is
shown below:




----------------------------------------
Total Rock Chip Samples              207
----------------------------------------
Total Trench Channel Samples       1,147
----------------------------------------
Total Soil Samples                 2,461
----------------------------------------
Total Stream Sediment Samples        689
----------------------------------------
Total Samples                      4,504
----------------------------------------
                                        
----------------------------------------
Total Metres Trenched                999
----------------------------------------



Inspectorate has provided analytical services and a QA/QC program has been
adopted. The Company expects to report the results of the 2011 exploration
program early in the new year as results become available. Reports on the
results obtained in this campaign are in preparation and will be completed when
all assay results are available.


Through this initial work, management has identified Manto de Corona as its
first drill target as it was the strongest gold anomaly identified during the
soil sampling program carried out between 2007 and 2009 and trenching has now
been completed. A drilling contract is now in place for one drill to commence
work on the identified target. The drill is now in Nicaragua, and an access road
to the drill site and drill pads has also been prepared and drilling should
commence in the second half of January.


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.


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.