Cavan Ventures Inc. ("Cavan" or the "Company") (TSX VENTURE:CVN) announces it
has acquired a 100% interest in two graphite projects located in Quebec subject
to regulatory approvals. 


The projects consist of two areas of reported historic graphite drilling results
obtained by the Ministere Des Richesses Naturelles -Quebec- Department of
Natural Resources, one of the areas is adjacent to TIMCAL's producing flake
graphite mine and purification facility at Lac Des Iles, Quebec, the other
project is located approximately 35km to the East of this facility.


The Big Flake project is located adjacent to the TIMCAL Lac Des Iles flake
graphite mine and purification facility and totals approximately 2,400 hectares
and covers historic drill results reporting graphite intersections by the Quebec
Department of Natural Resources. The historic drill holes are approximately 8km
East-South-East and approximately 8km South-South-East from the TIMCAL minesite
area. The results are reported in two historic drill hole reports GM35199 and
GM35204 listed on the GESTIM MNRF database website. The report GM35199 dated
December 1967, outlines from 50 feet to 325 feet "paragneiss feldspathic,
quartz, biotite, and hornblende. A little graphite, especially in bands of
slight calcite". The report GM35204 dated July 1968 from 52 feet to 265 feet
"Paragneiss feldspathic, biotite and quartz...containing a little graphite and
pyrite." Comparison of the descriptions of graphite to the TIMCAL minesite is
the report GM35121 drilled in 1967 by the same Quebec Ministry on the TIMCAL
minesite from 120 feet to 175 feet "Calcite cristalline white containing a
little phlogopite and graphite." The two historic drill holes are approximately
9km apart. 


TIMCAL has owned the adjacent minesite ground since 1996 when it acquired
STRATMIN Graphite Inc. which had graphite operations established since 1989- as
reported in TIMCAL's corporate website hosted on www.timcal.com.


The second project area covers approximately 900 hectares of ground that hosts
two historic drill holes completed by the Quebec Ministry of Natural Resources.
The report GM19806 detailing a hole drilled in 1965 reported from 60 feet to 100
feet "Paragneiss of biotite, feldspath, quartz and a little...graphite." From
100 feet to 180 feet "Pyroxenite feldspathiac metamorphic fine grained with
zones of calcite and a little graphite." The report GM35180 reporting on a hole
drilled in 1969 from 205 feet to 210 feet having "granules of paragneiss quartz
rich in diorite rock with a zone of graphite." The holes are approximately 4km
apart.


The company cautions that it has not verified the quality and accuracy of the
historic sampling results, nor the drilling results reported in this news
release. The historic figures were generated from sources believed to be
reliable; however, they have not been confirmed. Although the sampling results
and drilling results are relevant, they have not been verified.


The reported occurrences are within the Grenville Meta-sedimentary belt.

The terms of the acquisition are $30,000 and 500,000 shares of the company
subject to Regulatory Approvals.


The technical contents of this release were approved by Marvin Mitchell, P.Eng.,
a qualified person as defined by National Instrument 43-101.


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.cavanventures.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.