Cavan Ventures Inc. announced that it has received significant rare earth element (REE) assays from its 2012 prospecting program at its 100% owned Pythonga Property, located approximately 15 kilometers west of the town of Maniwaki, Quebec. The property consists of 110 map staked claims covering an area of approximately 6,523 hectares. The claims are divided in three blocks: the East Block (35 claims), the Central Block (71 claims) and the SW block (4 claims).

The prospecting program was executed by the team of Magnor Exploration Inc. under the supervision of Dr. Christian Derosier, P.Geo, Cavan's Consulting Geologist and Qualified Person for the Pythonga Lake Rare Earth Element project. The program consisted of prospecting along recently-built timber roads, channel sampling, limited line cutting, limited radiometric survey and delimiting the future stripping areas. All this work has been conducted within the East Block boundaries.

Most samples which returned appreciable REE values (higher than 0.20% TREE) were obtained from pink to red coarse-grained pegmatite that returned more than 400 counts per second (cps) with the radiometric field instrument. These samples were selected close to already known mineralization, or on their on strike extensions. Sample P268092 was collected at a new location.

This new discovery gave 390.1 ppm U, 1149 ppm Th and 13600 cps with the instrument. The "Frog" occurrence is in mafic gneis mixed with some pegmatite dikes. The outcrop is 1-2m wide and was followed over 25m in length.

This occurrence is open in both directions. This new discovery as well as the new channel sampling increase the economic potential of the Pythonga REE project and justify a more aggressive exploration program which will be started as soon as the snow cover clears.