Cavan Closed First Tranche of Its Private Placement

Suite 1220- 789 West Pender St.

Vancouver, British Columbia V6C 1H2

CAVAN CLOSED FIRST TRANCHE OF ITS PRIVATE PLACEMENT

August 2, 2013, VANCOUVER, B.C. – CAVAN VENTURES INC. (TSX-V:CVN) (“Cavan” or the "Company”) announces that, further to its news release dated July 15, 2013, the Company has completed the first tranche of its non-brokered private placement of 5,380,000 units (the "Units") at a price of $0.05 per Unit for gross proceeds of $269,000 (the "Offering").

Each Unit is comprised of one common share (a "Share") and one common share purchase warrant (a "Warrant") of the Company. Each Warrant will entitle the holder to purchase one Share (a “Warrant Share”) at a price of $0.10 per Warrant Share until August 2, 2015.

The Company issued to the finders under the Offering a total of 90,000 Warrants to purchase up to 90,000 Shares at a price of $0.10 per Share for a period of 12 months. In addition, the Company paid cash commissions to the finders totaling $4,500.

All securities issued pursuant to the private placement are subject to a hold period expiring on December 3, 2013.

Cavan Ventures Inc. is a junior exploration company actively seeking mineral opportunities for the benefit of all its stakeholders. For further information please visit us at www.cavanventures.com.

ON BEHALF OF THE BOARD

Peter P. Swistak, President

For further information contact:

Telephone: (604) 683-3995 Toll Free: (888) 945-4770

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.