Cassius Ventures Ltd.: Channel Sampling at Las Mercedes Returns 6.90 g/t Au Over 1.0 Meters

Cassius Ventures Ltd. (TSX VENTURE:CZ) ("Cassius", or the "Company") is pleased
to announce channel sampling results from Las Mercedes, an epithermal vein
hosted gold target located on the east side of the Leon project area.


Highlights of the sampling results include a grade intersection of 2.74 g/Au
over 3.0 m with one assay grading 6.90 g/t Au in the first channel.


As indicated in the Company's press release of June 26, 2012, the initial
mapping and prospecting of soil geochem anomalies resulted in the discovery of a
mineralized quartz vein with chip sampling grading 28.32 g/t Au. Another
mineralized quartz vein was identified 825m southwest of the above mentioned
quartz vein, with chip samples assaying 32.15 g/t Au and 55.25 g/t Au.


Eddy Canova, Director of Exploration, added: "The results from Las Mercedes have
confirmed the existence of gold mineralization in a linear east-west trending
mineralized zone and appears to show significant extensions to the mineralized
vein system over a distance of 141m and is open along strike. This area will be
a main focus for future work."


Sampling Program

The most recent sampling program, which occurred in November and December 2012,
took place over an area of previously identified gold mineralization. This
channel sampling program successfully defined and followed the main mineralized
structure over a distance of 141m and which is open along strike. The program
has also sampled two other previously identified mineralized structures, one 137
m east-northeast and a second 825 m north-northeast of channel 1.


A total of 8 channels were cut and 92 samples were collected over a silicified
porphyritic quartz-andesite penetrated by oxidized quartz veins, mineralized
with oxidized pyrite and traces of galena. Out of the 8 channels that were cut,
7 channels were cut over a main structure over a distance of 141m at 25m
intervals. The eighth channel sampled a parallel structure 30m north of the main
structure.


The first channel cut mineralized silicified quartz andesites and graded 2.74
g/t Au over 3.0m with one value grading 6.90 g/t Au over 1.0m. Another three
channels sampling the extension of the same structure returned anomalous gold
values with channel 3 (55m east of channel 1) grading 0.16 g/t Au over 6.0m,
channel 5 (25.6m west of channel 1) grading 0.15 g/t Au over 3.0m, and channel 7
(74.6 m west of channel 1) grading 0.21 g/t Au over 2.0m.


Channel 8, located 137 m east-northeast of channel 1, represents a parallel
structure 30 m north of the main structure, sampled in quartz veins, quartz
breccias and silicified porphyritic quartz diorites mineralized with pyrite.
Sampling from this channel returned three anomalous values between 0.13 g/t Au
and 0.20 g/t Au each at 1.0m in width. All other channel samples returned
insignificant values.




Table 1 - Highlight Channel Sample Results at Las Mercedes

---------------------------------------------------------------------------
Channel ID       From (m)  To (m)  Grade (Au g/t)  Width (m)  True Width (m)
---------------------------------------------------------------------------
1                     11      14            2.74       3.00            3.00
---------------------------------------------------------------------------
3                      6      12            0.16       6.00            4.09
---------------------------------------------------------------------------
5                      4       7            0.15       3.00            3.00
---------------------------------------------------------------------------
7                      2       4            0.21       2.00            2.00
---------------------------------------------------------------------------
8a                     1       2            0.20       1.00            1.00
---------------------------------------------------------------------------
8b                     1       2            0.13       1.00            1.00
---------------------------------------------------------------------------
8c                     2       3            0.13       1.00            1.00
---------------------------------------------------------------------------



An additional chip grab sample was collected at 825m north-northeast of channel
1, in oxidized silicified andesites penetrated by quartz veins, returned an
assay of 1.02 g/t Au over 1.0m.


Channel sampling comprised 5 cm wide by 5 cm deep sampling with maximum sample
lengths of 1.35m. Samples were bagged, sealed and sent to the Inspectorate
sample preparation lab in Managua, Nicaragua. Sample pulps are sent by
Inspectorate to the Inspectorate Reno facility for ICP analysis of 30 elements
plus fire assay for gold using an atomic adsorption finish. Samples above 10 g/t
are re-assayed with a gravimetric finish. Every 20 samples have a duplicate, a
blank and a reference sample added for quality control purposes. Inspectorate
Laboratories is an arms-length party with respect to Cassius Ventures Ltd.


Next Steps

Better definition of the extent of the mineralized structures could be achieved
by carrying out ground IP as sulfides are present in the structure. Furthermore,
a pit digging program will help to better define the orientation of the fresh
structures. The proposed work will aid to define potential drill targets in the
area. The Company continues to explore a number of alternatives to advance the
property, including joint venture/partnership structures. Further updates will
be provided in due course to discuss various financing options in order to
further exploration of Las Mercedes and its remaining Nicaraguan gold
properties.


To view "Figure 1. Map of Las Mercedes and Sampled Areas" accompanying this
press release, please click on the following link:
http://media3.marketwire.com/docs/cz21i.jpg


On behalf of the Board of Directors

John A. Thomas, P.Eng., CEO and President

Eddy Canova, P.Geo., Director of Exploration and Director 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)
Cassius Ventures Ltd (TSXV:CZ)
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