Cavan Increases the Size of its Private Placement to Raise up to $500,000

VANCOUVER, BRITISH COLUMBIA, Apr 22 (MARKET WIRE) --
Cavan Ventures Inc. (TSX VENTURE: CVN) ("Cavan"), a public
mineral exploration company based in Vancouver, British Columbia, is
pleased to announce that, further to its news releases issued on December
9, 2009 and March 22, 2010, it is increasing the size of its previously
announced non-brokered offering to a maximum of 2,500,000 units at a
price of $0.20 per unit for gross proceeds of up to $500,000. Each of the
units will consist of one common share, plus one half of one
non-transferable share purchase warrant. Each whole warrant entitles the
holder to purchase one additional common share at a price $0.30 per share
for a period of two years.

Pacific Wally Capital Inc. ("Pacific Wally"), a subsidiary
company of Pacific Wally International Holdings Corp. which specializes
in Canada-China business dealings, intends to acquire all of the
2,500,000 units for aggregate gross proceeds of $500,000.

"We are excited to welcome this new investor that brings strong
Canada-China business relationships," said Ming Chiang, President &
CEO of Cavan. "As one of many junior mineral exploration companies
in Canada, Cavan welcomes more investments from China for joint
partnership in some bigger exploration projects."

Cathy Li Ju, President & CEO of Pacific Wally, stated, "We are
pleased to be making an investment in this junior mineral exploration
company. Cavan's existing gold properties hold great potentials for us to
gain huge profits. Also we believe Canada has great mineral resources
that Chinese companies are keen to diversify their supply base to feed
rapidly growing demands in China, and Pacific Wally wants to participate
in this exciting market."

The proceeds of the private placement will be used for general working
capital purposes and Cavan's exploration program on the Kaslo Property.
The closing of the private placement is subject to the satisfaction of
standard conditions, including the receipt of all necessary regulatory
and TSX Venture Exchange approvals. The securities issued pursuant to
this private placement will be subject to a four-month plus a day hold
period.

This news release contains certain forward-looking statements that
reflect the current views and/or expectations of Cavan with respect to
its performance, business and future events. Such statements are subject
to a number of risks, uncertainties and assumptions. Actual results and
events may vary significantly.

On behalf of the Board of Directors:

"Ming Chiang"

For further information please visit our website at www.cavanventures.com.

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.

Contacts:
Cavan Ventures Inc.
Ming Chiang
President & CEO
(604)763-7748 (cell) or (604)288-2756
(604) 909-5199 (FAX)
ming@cavanventures.com
www.cavanventures.com

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