Cavan Ventures Granted Option for New Graphite and Rare Earth Mining Claims in Quebec

CAVAN VENTURES INC. (TSX VENTURE:CVN) ("Cavan" or "the Company") is pleased to
announce that it has been granted an option to acquire four prospective new
mining properties covering graphite occurrences and with a potential for rare
earth elements.


The four properties are located in Quebec, Canada, and are all easily accessible
by paved or gravel roads and close to infrastructures.


The Pierre Riche North and South claims are located at about 130 km southwest of
Saguenay-Chicoutimi, and about 70 km north-northwest of La Tuque. The Trans
Canadian railroad line used by the Canadian National Railroad passes just 45 km
south of the claim groups. 


Pierre Riche North comprises 31 map-staked claims covering 1,705 hectares (4,213
acres). The property covers granitic gneiss, anorthosite, calcsilicate rocks,
paragneiss and metasediment. Mafic gneisses contain disseminated sulphides and
pockets of pyrite and graphite. Historically, the graphite flakes were mistaken
for molybdenite. Anomalous values of copper, nickel, zinc, vanadium and
manganese were obtained from a 0.80 m long channel sample.


Pierre Riche South comprises 11 map staked claims covering 605 hectares (1,495
acres), with the same lithologies as on the North claims. Anomalous values in
copper, nickel, manganese, strontium and barium were obtained from one-meter
long channel samples. This property presents an excellent potential for graphite
in flakes and rare earth elements in pegmatite and mafic gneiss.


Two additional mining properties are located in the Upper Gatineau River region
in the western part of Quebec, and about 70 km south of the Company's Pythonga
Lake Rare Earth Element project.


The Cawood and Saint-Marie properties are located at about 65 km north of
Ottawa, and accessible by paved roads. Infrastructure in this region is
excellent for a mining operation. Cawood comprises 10 map staked claims covering
an area of 550 hectares (136 acres). This property has potential for graphite,
mica, apatite and rare earth elements. It is located in the Maniwaki
Metasedimentary Basin, well known for its graphite deposits and base metal
occurrences (Pb-Zn) associated to calcitic and dolomitic marbles. In the past,
numerous small graphite occurrences were mined by open-pits which are still
accessible.


The Sainte-Marie property comprises 11 map staked claims covering an area of 605
hectares (1,495 acres). Several graphite occurrences exist on the property and
there is also potential for rare earth elements. Six graphite occurrences were
studied during a mapping program. Most have returned values higher than 3%
graphite in quartz-feldspar gneisses of the H Unit. One occurrence returned 25%
graphite over one meter in a shear zone.


The four mining properties were acquired from three well-renowned prospectors.
CAVAN can earn a 70% interest in the four mining properties by issuing the
optionors a total of 1,500,000 shares over a period of two years and making two
cash payments totalling $35,000 of which $15,000 is payable upon signing. The
Company must spend a minimum of $60,000.00 during the first year of the
agreement. Claims are subject to a 2% net smelter return of which the Company
may buy back 1% for the sum of $1,500,000 and has the first right of refusal to
purchase the balance of the royalty as well as the remaining 30% interest. The
acquisition of the claims is subject to acceptance by the TSX Venture Exchange.


The technical contents of this release were approved by Dr. Christian Derosier,
P.Geo., a qualified person as defined by National Instrument 43-101. 


Cavan Ventures Inc. is a junior exploration company actively seeking mineral
opportunities for the benefit of all its stakeholders. For further information
please visit us at www.cavanventuresinc.com.


ON BEHALF OF THE BOARD

Peter P. Swistak, President

Forward-Looking Statement:

Some statements in this news release contain forward-looking information that
involves inherent risk and uncertainty affecting the business of Cavan Ventures,
Inc. Actual results may differ materially from those currently anticipated in
such statements. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Cavan Ventures Inc.
(604) 683-3995 or Toll Free: (888) 945-4770
www.cavanventuresinc.com

Cavan Ventures Inc. (TSXV:CVN)
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