Cassius Ventures Ltd. Provides an Update on Negotiations With El Zungano Landowner

Cassius Ventures Ltd. (TSX VENTURE:CZ) (the "Company") announces that the
agreement between the Company and the landowner of the El Zungano concession is
in the process of being renegotiated. Accordingly, the Company has not made the
required concession payment of US $100,000, which was due on January 5, 2013 per
the terms of the above noted agreement.


In the event that the parties are unable to come to terms on an amended
agreement, the Company may choose to return the concession to the landowner.


The El Zungano concession covers approximately 23,814 hectares in the Company's
Nueva Segovia project area and was acquired in January 2012 as part of the
Company's acquisition of Nueva Segovia Mining S.A., a private Nicaraguan
company.


Further updates will be provided in due course.

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.




FOR FURTHER INFORMATION PLEASE CONTACT: 
Cassius Ventures Ltd.
604 558 1107
604 566 9081 (FAX)