Cavan Closes Second and Final Tranche of Flow Through Private Placement

6707182.1

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

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

CAVAN CLOSES SECOND AND FINAL TRANCHE

OF FLOW THROUGH PRIVATE PLACEMENT

December 1st, 2017, VANCOUVER, B.C. – CAVAN VENTURES INC. (V:CVN.H) (“Cavan” or the

"Company”) is pleased to announce the Company has closed the second and final tranche of its previously

announced non-brokered flow through private placement (see PR’s dated October 16, 2017 and November

17, 2017 and November 20, 2017) issuing 1,885,000 units (the “Units”) at a price of $0.10 per Unit for

aggregate gross proceeds of $ 188,500. Total Units issued for the fully subscribed non-brokered flow

through private placement were 4,870,000 for total gross proceeds of $487,000.

Each Unit is comprised of one flow through common share (a "FT Share") and one half of one non-flow

through Share purchase warrant (a "Warrant") of the Company. Each full Warrant will entitle the holder

to purchase one Share (a “Warrant Share”) at a price of $0.18 per Warrant Share for an 18 month period

after the Closing Date. The warrants are subject to an acceleration clause, which states that the issuer will

have the right to accelerate the expiry date of the warrants if, at any time, the average closi ng price of the

shares is equal to or greater than 30 cents for 10 consecutive trading days. In the event of acceleration, the

expiry date will be accelerated to a date that is 30 days after the issuer issues a news release, announcing

that it has elected to exercise this acceleration right. Finder ’s fees for the second tranche of $12,960 will

be payable including 129,600 broker warrants.

Proceeds raised from this Offering will also be used towards exploration expenditures on the Company’s

St. Onge miner al property located in the Lac -Saint-Jean area in the Province of Quebec which was

announced on August 2, 2017.

Cavan Venture’s mission is to identify, acquire, and advance high potential mining prospects located in

North America for the benefit of its sta keholders. For more information 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 anticipated 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. \