CZ

NOT FOR DISSEMINATION INTO THE UNITED STATES OF AMERICA OR DISTRIBUTION TO U.S.
NEWSWIRE SERVICES


Cassius Ventures Ltd. (TSX VENTURE:CZ) (the "Company") is pleased to announce
that it intends to undertake a non-brokered private placement of 5,000,000
common shares of the Company at a price of $0.14 per common share to raise gross
proceeds of $700,000 to be used for continued exploration of the Company's
Nicaraguan gold properties as well as for general working capital purposes.
Finder's fees will be payable in connection with the private placement.


The private placement is subject to the approval of the TSX Venture Exchange.

On behalf of the Board of Directors

John A. Thomas P.Eng, CEO and President

Cassius Ventures Ltd (TSXV:CZ)
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