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Share Name Share Symbol Market Type
TSXV:CVN TSX Venture Common Stock
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Cavan Acquires Tetepiska Graphite Property in Quebec

04/12/2013 1:26pm

Marketwired Canada


CAVAN VENTURES INC. (TSX VENTURE:CVN) ("Cavan" or "the Company") is pleased to
announce that it has acquired the Tetepiska graphite property in northeastern
Quebec, located 24 kilometers southwest of the Lac Gueret graphite project that
is presently under advanced exploration by Mason Graphite. 


The 100%-owned Tetepiska property includes 54 mining claims covering 2,925.72
hectares. Two timber roads provide good access to the eastern part of the
property, and the western part is accessible by boat or by gravel road. Graphite
was first discovered at Tetepiska on a small cliff overhanging the eastern shore
of Tetepiska Lake, with a historical grab sample returning 58.1% Cg. Graphite
mineralization in the area is controlled by the Nault Formation, the equivalent
of the Menihek Formation of the Knob Lake Group that is part of the Grenville
Metamorphic Province. The Nault formation is composed of meta-sedimentary rocks,
largely as paragneisses. Three types of graphite have a particular distribution
within the Nault Formation. A macrocrystalline type is associated with
quartz-feldspar schist, whereas microcrystalline and amorphous vein-type
graphite are found in meta-mudstone (M. Giroux, 2008, Controle stratigraphique
et qualite mineralurgique des gites de graphite des Lacs Gueret et Guinecourt,
Terrane Gagnon, Province de Grenville, UQAM M.Sc., 138p.). 


In November 2013, due diligence reconnaissance was carried out by Magnor
Exploration Inc. on behalf of the Company. Several graphite mineralized layers
were observed on the property, and ranged from 5-10 meters in width in outcrop.
Twenty-one channel samples were collected and sent to ALS Minerals (Val d'Or,
Quebec) for graphite assays. Results are expected in the coming weeks, at which
time the details of the sampling will be presented in conjunction with graphite
assays.


Under the terms of the agreement, Cavan will pay $12,234, and issue a total of
two million shares over a 48-month period. A 2% royalty is also included, of
which 1.5% can be purchased back for $1,500,000.


The technical contents of this release were prepared and approved by Dr. C.
Derosier, P. Geo., independent consultant to Cavan and a qualified person as
defined by National Instrument 43-101.


Cavan's mission is to identify, acquire, and advance high potential mining
prospects located in North America for the benefit of its stakeholders. For more
information visit the website 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. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Cavan Ventures Inc.
Peter P. Swistak
President
1-604-683-3995 or Toll Free: 1-888-945-4770
www.cavanventuresinc.com

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