Cavan Ventures Inc. (TSX VENTURE:CVN) ("Cavan"), a public mineral exploration
company based in Vancouver, British Columbia, is pleased to announce that it has
completed its previously announced non-brokered private placement financing.
Cavan issued a total of 6,000,000 units ("Units") at a price of $0.09 per Unit
for gross proceeds of $540,000 in this private placement. Each of the Units is
comprised of one common share ("Common Share"), plus one half of one
non-transferable share purchase warrant (a "Warrant"). Each whole Warrant
entitles the holder to purchase one additional common share at a price $0.15 per
share for a period of two years.


In connection with the Private Placement, Cavan will pay cash finders' fees to
certain finders for an aggregate amount of $40,320 and issue an aggregate of
600,000 finders' warrants (the "Finders' Warrants"). The Finders' Warrants will
be exercisable at a price of $0.15 per Finder's Warrant share for a period of
one year following the closing of the private placement.


The net proceeds of the non-brokered private placement will be used to identify,
evaluate and secure potential acquisitions of mineral properties and for general
corporate working capital. Cavan is currently investigate other potential
property acquisitions and will provide further updates as and when the Company
enters into any agreements.


The common shares and warrants comprising the Units and the Finders' Warrants
will be subject to a four-month hold period in accordance with the policies of
the TSX Venture Exchange and applicable securities legislation expiring on June
29, 2011.


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


The Company has also granted incentive stock options to certain directors and
consultants of the Company to purchase an aggregate of 500,000 common shares in
the capital of the Company, exercisable at a price of $0.15 per share for a
period of five years. All options are subject to a four month hold period and
are granted in accordance with the terms of the Company's stock option plan and
the policies of the TSX Venture Exchange.


On behalf of the Board of Directors:

Ming Chiang

For further information please visit our website at www.cavanventures.com.