Cavan Yields 95.3% Total Carbon From Initial Purity Test at Buckingham Graphite Property

VANCOUVER, BC--(Marketwired - May 28, 2015) - CAVAN VENTURES INC. ("Cavan" or the "Company") (TSX VENTURE: CVN) is pleased to announce preliminary results of up to 95.3% total carbon (Ct) from an initial beneficiation test on its 100% owned Buckingham Graphite Property.

These purity results will be used by Caribou King Resources to evaluate Cavan Ventures' Buckingham Graphite Property, which is contiguous with the northern boundary of Caribou's Buckingham Property, for a potential joint venture, as per the letter of intent announced by Cavan on April 1^st, 2015.

The 20.7 kilogram surface sample, taken from Trench 22C (Cavan PR dated April 8^th, 2015) with a head grade of 20.7% Cg (graphitic carbon), was concentrated by grinding and flotation and divided into three size fractions: +48, +100, and -100 mesh. All three concentrates returned high total carbon (Ct) content with low losses in the tailings and middling streams.

The +48 mesh size (jumbo size) fraction represented 21.1% of the flotation concentrate and assayed 94.1% Ct. The +100 mesh size (medium to large size) fraction represented 16.4% of the flotation concentrate and assayed 94.2% Ct. The -100 mesh size (fine to amorphous) fraction represented 48.3% of the flotation concentrate and assayed 95.3% Ct. These results are summarized in the following table:

Initial Flotation Test Results for 22C Trench:

Concentrate Fraction		Distribution (%)		Assay (% Ct)
+48 mesh		21.1		94.1
+100 mesh		16.4		94.2
-100 mesh		48.3		95.3
Total recovery (%)		85.8

Results were obtained in a single flotation test without process optimization. A full process development study including grinding and flotation optimization is anticipated to return higher flotation concentrate recoveries and grades, thus reducing the operating cost of a downstream purification process.