Cavan Announces Flow-Through Financing

Cavan Ventures Inc. ("Cavan" or the "Company") (TSX VENTURE:CVN) announces that
it has arranged a non-brokered private placement of up to 5 million flow-through
units ("Units") at a price of $0.06 per Unit for aggregate gross proceeds of
$300,000 (the "Offering"). Each Unit will be comprised of one flow-through
common share ("Share") and one non-flow-through share purchase warrant of the
Company ("Warrant"). Each Warrant will entitle the holder to purchase one Share
(a "Warrant Share") for a period of 24 months from the closing date at an
exercise price of $0.10 per Warrant Share.


The Company may, in its sole discretion, pay a finders' fee to agents of the
Company consisting of: (i) a cash fee in an amount of 10% of the proceeds raised
by such finder as part of this Offering, and (ii) a number of finder's warrants
entitling the holder thereof to purchase that number of Shares of the Company
("Finder's Warrant") that is equal up to 10% of the number of units placed
through the finder as part of this Offering. Each Finder's Warrant will entitle
the holder to purchase one Share for a period of 12 months from the closing date
at an exercise price of $0.10 per Finder's Warrant.


The proceeds raised will be used for general corporate purposes and for
advancing two of its 100%-owned graphite projects, the Buckingham graphite
project in the Buckingham Valley area of southwestern Quebec adjacent to the old
Walker Mine and the CAGE graphite project in Ontario adjacent to Zenyatta
Ventures Ltd. Albany property.


The private placement is subject to the approval of the TSX Venture Exchange.

The Company also announces the resignation of Lorne McCarthy as a Director of
Cavan Ventures. The Company would like to thank Mr. McCarthy for his
contributions and wish him well in his future endeavours.


Cavan Venture'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