Cavan Ventures Inc. announced the acquisition by staking of four new claim groups covering a total area of 3,398 hectares (8,395.8 acres) as part of its 100%-owned Tetepiska graphite property in northeastern Quebec, located 24 kilometers southwest of the Lac Guéret graphite project that is presently under advanced exploration (Preliminary Economic Assessment) by Mason Graphite. The Tetepiska-Portage claim group is contiguous with the original Tetepiska-East claim group and covers the same lithologies. As reported previously at Tetepiska-East, three rock grab samples collected along a 4.25 meter wide east-west oriented graphite-enriched zone assayed at 55.1%, 48.80%, and 10.45% Cg respectively.

A channel sample 1.9 meters in length and 5 cm wide was collected with a diamond grit saw returned an average of 52.65% Cg, including a 63.50% Cg over 1.0 meters. A second channel sample 5.6 meters in length and with similar width collected along the northern limit of the high grade zone returned an average grade of 12.80% Cg. Both channel samples were collected perpendicular to the apparent strike of the graphite mineralization.

The Lignées Lake claim group is located about two kilometers east of Tetepiska-East, and comprises four claims totaling 216.80 hectares (535.70 acres). The Lignées Lake group adjoins the western border of a Mason Graphite property with a historic graphite assay of 16.73% Cg (Rioux, 2008, Contrôle stratigraphique et qualité minéralurgique des gîtes de graphite des Lacs Guérêt et Guinecourt, Terrane Gagnon, Province de Grenville, UQAM M.Sc., 138p).