Cavan Ventures Inc. (www.cavanventures.com) ("Cavan" or the "Company") (TSX
VENTURE:CVN) announced today that it has determined not to proceed with its
previously announced brokered private placement of up to 16,000,000 subscription
receipts. Cavan is reviewing its options and plans to undertake a further
financing at such time that it considers appropriate depending upon market and
other conditions.


About Cavan

Cavan Ventures Inc. is a Vancouver based TSX Venture Exchange-listed junior
mining company with acquisitions in Canada and Arizona, USA. The Company's
vision is to become a globally diversified resource company with strong focuses
in gold, silver, and rare earth elements. Cavan strives to become a mid-tier
producer through the acquisition and development of domestic and international
mining properties.


On behalf of the Board of Directors:

Andrew Mah, President & Director

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

This news release contains certain forward-looking statements that reflect the
current views and/or expectations of Cavan with respect to its performance,
business and future events, including statements, with respect to its ability to
undertake a further financing. Such statements are subject to a number of risks,
uncertainties and assumptions. Actual results and events may vary significantly.