IHI Intl Hi-Tech Industries Inc. (Tier2)

Cavan Ventures Inc. ("Cavan" or the "Company") (TSX VENTURE:CVN) is pleased to
announce that it has entered into a Mining Option Agreement (the "Agreement")
with Investissements Horizon Inc. ("IHI"). The Agreement grants Cavan a 25-month
two-stage option to earn a 100% undivided interest in the Pythonga Lake Rare
Earth Property (the "Property") located in the Province of Quebec. 


The first stage of the option for a 70% interest in the Property (the "First
Option") may be exercised by Cavan upon the issuance of 200,000 of its common
shares in favour of IHI, the making of a cash payment of $27,500 to IHI and by
incurring expenditures in respect of the Property totaling $500,000 (the
"Expenditures"). The first $225,000 of the Expenditures must be incurred on the
Property by the 12 month anniversary of the effective date of the Agreement. The
final $275,000 of the Expenditures must be incurred on the Property by the 24
month anniversary of the effective date of the Agreement. 


Cavan may exercise the second stage of the option on the Property to obtain the
remaining 30% interest (the "Second Option") by issuing 2,500,000 of its common
shares to IHI by the 25 month anniversary of the effective date and by making a
cash payment to IHI in the amount of $100,000. Upon the exercise of the First
Option and the Second Option, Cavan will hold a 100% undivided interest in the
Property. The Mining Option Agreement is subject to final TSX Venture Exchange
Approval, which the Company anticipates it will receive in due course.


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.

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