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VERT.V ·

Cavan to Undertake Ni 43-101 Compliant Resource Estimate

Corporate Updates

981989.1

Suite 1240- 789 West Pender St.

Vancouver, British Columbia V6C 1H2

CAVAN TO UNDERTAKE NI 43-101 COMPLIANT RESOURCE ESTIMATE

November 1 6th, 2017 VANCOUVER, B.C. – CAVAN VENTURES INC. (V : CVN .H)

(“Cavan” or “the Company”) is pleased to announce that it has retained Goldminds

Geoservices Inc., a Quebec-based consulting firm specialized in mining engineering, geology

and economic assessments, to undertake a n NI 43 -101 compliant resource estimation and

associated technical report for its St-Onge Wollastonite Project, Lac-Saint-Jean, Quebec. The

Goldminds work program will consist with the compilation and computerization of historical

information and followed by required reconciliation field work.

“Having a 43 -101 resource estimation is t he first step towards the establishment of a

preliminary economic assessment study on our St -Onge Project,” s tated Peter Swistak,

President and Chief Executive Officer of Cavan.

The technical and scientific content of this press release has been reviewed and approved by

Yves Caron, P.Geo., M.Sc., Qualified Person under National Instrument 43-101.

ABOUT CAVAN VENTURES

Cavan Venture’s mission is to identify, acquire, and advance hig h potential mining prospects

located in North America for the benefit of its stakeholders. The C ompany’s St -Onge

Wollastonite property is located in the Lac -Saint-Jean area in the Province of Quebec. 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.