Cavan Increases Financing

981989.1

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

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

CAVAN INCREASES FINANCING

July 20th, 2017 , VANCOUVER, B.C. – CAVAN VENTURES INC. (V: CVN.H) (“Cavan” or the

"Company”) announces that, in connection with its previously announced financing (see PR dated J une

15, 2017), it is increasing the size of the financing due to strong demand. The Company has arranged the

non-brokered private placement to consist of 20,000,000 units, up from 11,000,000 units, at a price of $0.05

per Unit for aggregate gross proceeds of $1,000,000 (the "Offering"). Each Unit will be comprised of one

common share ("Share") and one common share purchase warrant of the Company ("Warrant"). Each

Warrant will entitle the Subscriber to purchase one Warrant Share for a 12 month period after the Closing

Date at an exercise price of $0.075 per share. This increase is subject to TSX Venture approval.

Finders' fees may be payable on the private placement, subject to the p olicies of the TSX Venture

Exchange.

Proceeds raised from the Offering will be used for general working capital and towards exploration on the

Company’s Kaslo Property located in the Slocan Mining District, 14 km northwest of the town of Kaslo in

south-eastern British Columbia, Canada.

This offering is subject to TSX Venture Exchange acceptance.

The Company is currently evaluating certain mineral projects in Canada for possible acquisition.

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 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. Nei ther 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.