Cavan Ventures Inc. ("Cavan" or the "Company") (TSX VENTURE:CVN) announced today
that, subject to TSX Venture Exchange acceptance and shareholder approval, it
will implement a consolidation of its issued and outstanding common shares on
the basis of ten (10) old shares for one (1) new share or such lesser ratio as
the board deems appropriate (the "Consolidation"). As at the close of business
on November 25, 2011, there were a total of 26,371,176 common shares of the
Company issued and outstanding. If the Consolidation is completed, the number of
shares outstanding will be 2,637,118, or some greater number, if a consolidation
ratio of less than ten (10) to one (1) is chosen by the board of directors.
Shareholder approval for the Consolidation will be sought at the upcoming
special meeting of shareholders scheduled for January 9, 2012 (the "Meeting").
The Company is pursuing the Consolidation as management believes that the
Consolidation will enhance the Company's ability to complete future equity
financings.


Additionally, at the Meeting the Company proposes to change its name from "Cavan
Ventures Inc." to "CanMetals Exploration Corp." or to such other name as
determined by the directors of the Company, and that is acceptable to the
British Columbia Registrar of Companies and the TSX Venture Exchange.


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 management with respect to performance,
business and future events. Forward-looking statements are based on the
then-current expectations, beliefs, assumptions, estimates and forecasts about
the business and the industry and markets in which the Company operates.
Forward-looking statements are not guarantees of future performance and involve
risks, uncertainties and assumptions which are difficult to predict. Investors
are cautioned that all forward-looking statements involve risks and
uncertainties including, those risks relating to changes in the market,
potential downturns in economic conditions, fluctuations in the price and supply
of raw materials, equipment and skilled labour, fluctuations in the market price
of minerals, foreign exchange fluctuations, regulatory requirements and changes
thereto, competition, and other risk factors listed from time to time in the
Company's public filings. These risks, as well as others, could cause actual
results and events to vary significantly. Accordingly, readers should not place
undue reliance on forward-looking statements and information, which are
qualified in their entirety by this cautionary statement. The Company does not
undertake any obligations to release publicly any revisions for updating any
voluntary forward-looking statements, except as required by applicable
securities law.