Ashburton Announces Drilling Results and Files NI43-101 Technical Report ON Its Buckingham Graphite Property, Quebec

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Suite 1240 – 789 W. Pender St., Vancouver, BC V6C 1H2

Phone: 604-683-3995/ Toll Free: 888-945-4770/Fax: 604-683-3988

ASHBURTON ANNOUNCES DRILLING RESULTS AND FILES NI43-101 TECHNICAL REPORT

ON ITS BUCKINGHAM GRAPHITE PROPERTY, QUEBEC

April 18th, 201 7, VANCOUVER, B.C. – CAVAN VENTURES INC. (V: CVN.H) (“Cavan” or the

"Company”) is pleased to announce its JV Partner Ashburton Ventures Inc. (ABR-TSX-V) has received its

final assays from the drilling programs carried out in the summer and fall of 2016. Four holes (BH16-11 to

BH16-14) totaling 811 m further tested the two linear NNE and ENE conductive zones. A total of 211

samples were analyzed for Cg and included the QA/QC samples as well as a remaining portion of BH16-

10. Best intersections included 10 m @ 3.98 wt. % Cg in hole BH16-10 and 11 m @ 3.54 wt. % Cg in hole

BH16-14. The DDH coordinates and assay results are presented in Table 1 and can be viewed through the

map provided below.

Table 1. Best graphite assays results for DDH BH16-10 to BH16-14.

Hole ID Easting Northing* Azimuth

(°)

Plunge

(°)

Depth

(m)

From

(m)

To

(m)

Length**

(m) Cg (wt %)

BH16-10 460554 5054650 315 45 199.0 48 87 39 2.66

including 80 87 7 4.62

104 114 10 3.98

BH16-11 460821 5054934 318 45 223.4 209 214 5 1.58

BH16-12 460284 5054968 138 45 181.9 4.50 11.00 6.50 3.55

BH16-13 460434 5055097 105 45 217.9 196 204 8 1.67

BH16-14 460850 5055196 15 45 188.2 111 122 11 3.54

* UTM coord: NAD83, Zone 18N

** Apparent thickness

Split core samples were transported to the SGS Laboratory in Lakefield, Ontario for Cg assaying. Samples

were weighed, dried, crushed to 75% passing 2 mm, split to 250 g and pulverized to 85% passing 75

microns. C (graphitic) was analyzed after roasting, HCl leaching combustion and IR (LECO). Duplicates,

standards and blanks were inserted at regular intervals for QA/QC purposes.

Ashburton Ventures Inc. is now filing an NI43 -101 compliant report on SEDAR, as well as on ABR’s

website at: http://www.ashburtonventures.com/abr-tech-report.pdf.

Highlights of the Buckingham Graphite Project’s NI43-101 Report are summarized below:

 To date nineteen (19) holes were drilled in late 2015 -2016, totalling 4,782 meters and 1,695 core

samples. The majority of the drill holes had spacing’s of 100 meters distributed along about half

length of the 1.5 km linear NNE conductor with nearly all returning mineralization hosted in marble;

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 These mineralized intercepts were mainly found in marble and r anged from 1.4% Cg over 5 m

(BH16-05) to 4.07% Cg o ver 112 m (BH15-03). Long intercepts contained some higher grade

intersections including 11.20% Cg over 7 m (BH15-03) and 17.90 % Cg over 7 m (BH16-03);

 Within the 43-101 is a preliminary sketch for a possible geometry of the mineralization consisted of two

mineralized marble planes MBR-1 and MBR-2 and a smaller garnet gneiss mineralized plane;

 Next steps should extend the exploration on the NNE conductor over the next hundreds of meters to the NE,

followed by metallurgical testing. As detailed in the technical report, a definition drilling program is

recommended to provide a first estimate of the mineral resources.

“We are extremely pleased with the conclusions set out in the NI43 -101 report and the conceptual model

for the mineralization which will guide our exploration team for the next steps of the project. Further

exploration works on the 1.5 km long conductor should initiate a definition drilling program for resource

calculation purposes.” stated Peter Swistak, CEO & President of Cavan Ventures.

About the Buckingham Graphite Project

The Buckingham graphite property is located in the Buckingham Township of southwestern Quebec and

consists of 18 claims covering 1,082 hectares. The property is readily accessible by roads from the village

of Buckingham, with Highway 50 connecting Montreal to Ottawa approximately 10 km to the south. The

property itself is crisscrossed by several logging roads facilitating t he access to most of the mineralized

areas.

Several strong and continuous conductive anomalies were identified on the property, with two linear

graphitic zones that have started to be drill tested in late 2015: a 1.5 km long NNE conductor with several

mineralized intercepts, including of 4.07 wt. Cg% over 112 m (see PR dated February 11, 2016), and a 300

m long ENE conductor with 5.18% wt. Cg% over 72 m (see PR dated October 18, 2016).

The technical content of this news release was approved by Isabelle Ro billard, MSc, P.Geo., 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 informa tion visit the website at

www.cavanventuresinc.com.

ON BEHALF OF THE BOARD

Peter P. Swistak, President

FOR FURTHER INFORMATION PLEASE CONTACT:

Telephone: 1-604-683-3995

Toll Free: 1-888-945-4770

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 antic ipated in such statements. 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.