FORM 51-102F3
MATERIAL CHANGE REPORT
ITEM 1.
NAME AND ADDRESS OF COMPANY
CREAM MINERALS LIMITED(the "Company")
Suite 1400 – 570 Granville Street Vancouver, British Columbia V6C 3P1
Tel:
604-687-4622
Fax:
604-687-4212
ITEM 2.
DATE OF MATERIAL CHANGE
May 30, 2011
ITEM 3.
NEWS RELEASE
Issued June 1, 2011 and distributed through the facilities of Marketwire.
ITEM 4.
SUMMARY OF MATERIAL CHANGE
Further to its news release dated June 1, 2011, the Company has appointed Angela Yap to be the Chief Financial Officer and Mary Davies to be the Corporate Secretary of the Company effective May 30, 2011. Ms. Yap is granted a total of 600,000 stock options which options will vest immediately and are exerciseable at a price of $0.22 per share on or before June 1, 2016.
ITEM 5
FULL DESCRIPTION OF MATERIAL CHANGE
5.1
Full Description of Material Change
Please see attached news release.
5.2
Disclosure for Restructuring Transactions
Not applicable.
ITEM 6.
RELIANCE ON SUBSECTION 7.1(2) OF NATIONAL INSTRUMENT 51-
102
Not applicable.
ITEM 7.
OMITTED INFORMATION
No information has been omitted on the basis that it is confidential information.
ITEM 8.
EXECUTIVE OFFICER
Contact:
Michael O'Connor, Chief Executive Officer
Telephone:
604-687-4622
ITEM 9.
DATE OF REPORT
DATED at Vancouver, British Columbia, this 3rd day of June, 2011.
CREAM MINERALS LTD.
Suite 1400 – 570 Granville Street
Vancouver, B.C. V6C 3P1
www.creamminerals.com
June 1, 2011
TSX Venture Exchange Symbol:CMA
U.S. 20-F Registration:000-29870
OTC BB:CRMXF
Frankfurt Stock Exchange:DFL
CREAM MINERALS APPOINTS NEW OFFICERS
Vancouver, BC – June 1, 2010 - Cream Minerals Ltd.(TSX-V - CMA) ("Cream" or the "Company") is pleased announce that Ms. Angela Yap has been appointed the Chief Financial Officer of the Company effective May 30, 2011. Angela Yap, Chief Financial Officer, brings to Cream Minerals, over thirteen years of accounting and financial management experience. Angela began her career at KPMG in the resource group auditing mining and forestry companies, and then transferred to KPMG’s tax group. In 2003 Angela moved to private industry and has held successively senior positions, most recently as Director of Corporate Accounting with the Anthem Properties Group. Angela holds a Bachelor of Commerce degree from the University of British Columbia and is a Chartered Accountant.
The Company is also pleased to announce the appointment of Ms. Mary Davies as Corporate Secretary of the Company.
The Company would like to thank Ms. Shannon Ross, who served as Chief Financial Officer and Corporate Secretary of the Company since 2000, for her years of valuable and dedicated service to the Company.
In connection with her appointment, Ms. Yap has been granted a total of 600,000 stock options which options will vest immediately and are exercisable at a price of $0.22 per share,on or before June 1,
2016.
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 herewww.creamminerals.com
For further information, please contact:
Michael E. O'Connor
President & CEO
Frank A. Lang
Chairman
Robert Paul
Investor Relations
Tel: (604) 687-4622 Fax: (604) 687-4212 Toll Free: 1-888-267-1400
Email:info@creamminerals.com
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.
