Cream Minerals Ltd. (TSX:CMA,OTCQB:CRMXF,FwB:DFL) announced that it will extend the exercise period of the warrants previously issued in connection with a private placement conducted by the Company in December, 2010. it will amend the exercise price of the Warrants to $0.10.

As quoted in the press release:

Pursuant to Exchange policies, if insiders hold in aggregate more than 10 percent of the outstanding Warrants, only 10 percent of the total number of Warrants held by insiders will be re-priced and the re-priced Warrants will be allocated pro rata among the insiders holding Warrants. Warrants issued to brokers, agents or finders in connection with the December 2010 private placement will not be amended.

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