Cavan gets TSX-V approval for Cage acquisition

Jul 23, 2013

Mr. Peter Swistak reports

CAVAN FINALIZES ACQUISITION OF CAGE CLAIMS NEXT TO ALBANY GRAPHITE DEPOSIT, ONTARIO

Cavan Ventures Inc. has received TSX Venture Exchange approval for the acquisition of the Cage claims adjoining the Albany graphite deposit that is presently under advanced exploration by Zenyatta Ventures Ltd. This prospect, now 100 per cent owned, borders Zenyatta Ventures ground where it has recently made a significant discovery.

Peter Swistak, president of Cavan, stated: “This is great news for Cavan shareholders. We are one of only two companies to recently announce ground in the area to receive exchange approval, and we now look forward to aggressively explore and potentially develop this prospect.”

The Cage claims are contiguous, covering an area of 768 hectares (1,897 acres) and adjoin the eastern edge of Zenyatta’s Albany graphite property. Historical aeromagnetics indicate that a magnetic low is present on the Cage claims, with similar magnetic lows on the eastern portion of the Albany property (Geological Survey of Canada, Limestone Rapids Airborne Magnetic Survey, map 3913G). The magnetic low will be investigated through reconnaissance prospecting and sampling that are planned to take place in the coming weeks with the view to determine drill targets for the company’s coming drill program.

The technical contents of this release were approved by Dr. Tom E. McCandless, PGeo, a qualified person as defined by National Instrument 43-101. The property has not been the subject of a National Instrument 43-101 report, and Dr. McCandless has not verified the technical data disclosed in this release.

We seek Safe Harbor.

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