Cream Minerals Retains John Walter Communications Inc.
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/03/11 -- Cream Minerals Ltd. (TSX VENTURE: CMA)(OTCBB: CRMXF)(FRANKFURT: DFL) ('Cream' or the 'Company') is pleased announce that the Company has retained John Walter Communications Inc. ('JWC') to provide Investor Relations services to the Company (the 'IR Agreement'). The IR Agreement has an initial term of three (3) months and JWC will be paid $5,000 per month. The term of the IR Agreement may be extended by mutual consent. Cream has also granted 500,000 stock options to JWC, which options will vest as to 25% every three months and are exercisable at a price of $0.23 per share, on or before June 3, 2016. Should the agreement not be extended 375,000 of the 500,000 stock options will be cancelled at that time.
Mr. John Walter is the Founder and President of John Walter Communications Inc., an independent consulting firm that is dedicated to assisting junior and intermediate mining companies grow to their full potential. Mr. Walter has spent more than two decades in Institutional Equity Sales, including 17 years at UBS and its predecessor companies, providing coverage to Institutional Clients in North America, the Middle East, Asia and Australia. Mr. Walter is a Mining Engineer with extensive experience in all aspects of mine development and production. Mr. Walter graduated from Queen's University in Kingston, Ontario in 1979 with a degree in Mining Engineering. John Walter Communications Inc. is located in Toronto, Ontario.
Cream Minerals is a silver-gold exploration company. The Company's flagship project is the Nuevo Milenio silver - gold property, Nayarit Sate, Mexico. To learn more about Cream Minerals please click here www.creamminerals.com.
U.S. 20-F Registration: 000-29870
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.
Contacts:
Cream Minerals Ltd.
Frank A. Lang, BA, MA, P.Eng.
Chairman
(604) 687-4622 or Toll Free: 1-888-267-1400
Cream Minerals Ltd.
Michael E. O'Connor
President & CEO
(604) 687-4622 or Toll Free: 1-888-267-1400
Cream Minerals Ltd.
Robert Paul
Investor Relations
(604) 687-4622 or Toll Free: 1-888-267-1400
(604) 687-4212 (FAX)
info@creamminerals.com
www.creamminerals.com