Cavan Closed Final Tranche of Its Private Placement

Suite 1220- 789 West Pender St.

Vancouver, British Columbia V6C 1H2

CAVAN CLOSED FINAL TRANCHE OF ITS PRIVATE PLACEMENT

March 26, 2012, VANCOUVER, B.C. – CAVAN VENTURES INC. (TSX-V:CVN) (“Cavan” or the "Company”) announces that, further to its news release dated February 13, 2012 and March 9, 2012, the Company has completed the final tranche of its non-brokered private placement of 4,805,000 units (the "Units") at a price of $0.05 per Unit for gross proceeds of $240,250 (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 March 23, 2014.

Finders’ fees consisting of 396,000 broker warrants (the "Broker Warrants") and $19,800 in cash were paid in accordance with the policies of the TSX Venture Exchange. Each Broker Warrant will entitle the holder to purchase one Share of the Company at a price of $0.10 per Share until September 23, 2013.

All securities issued pursuant to the private placement are subject to a hold period expiring on July 24, 2012.

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.