Cavan Ventures Inc. ("Cavan" or the "Company") (TSX VENTURE:CVN) is pleased to
announce that it has successfully entered into an amending agreement with
Investissements Horizon Inc. ("Investissements") as of August 21, 2012 (the
"Amending Agreement") to amend their original option agreement dated September
29, 2011 (the "Original Agreement"), pursuant to which Cavan can earn an
undivided 70% interest (the "First Option") in certain mining leases with
respect to certain properties located at the Pythonga Lake Rare Earth Project
(the "Property"). Upon Cavan exercising its First Option, Cavan may acquire the
remaining 30% interest (the "Second Option") in the Property.


Pursuant to the terms of the Amending Agreement, the aggregate expenditures
Cavan shall incur to exercise the First Option is reduced from an aggregate of
$500,000 to $225,000 and, as of the date of the Amending Agreement, Cavan has
exercised the First Option and has earned and is the beneficial owner of an
undivided 70% in the Property. Additionally, the Original Agreement was further
amended so that Cavan shall be deemed to have exercised the Second Option, to
have earned and be the beneficial owner of the remaining 30% in the Property on
the date it has issued 2,500,000 common shares in the capital of the Company
within 10 days of signing of the Amending Agreement and paid $100,000 to
Investissements upon the completion of Cavan's next financing of a minimum gross
proceeds of $100,000.


All other terms in the Original Agreement remain the same.

Cavan Venture's mission is to identify, acquire, and advance high potential base
and precious metal prospects. For more information visit the website at
www.cavanventures.com.


ON BEHALF OF THE BOARD

Peter P. Swistak, President