VANCOUVER, BRITISH COLUMBIA - Jan.17,2013 - CAVAN VENTURES INC. ("Cavan" or the "Company") announces today 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.

A total of 42 channel samples were taken and assayed by ALS Minerals lab in North Vancouver, B.C. The method of analysis recommended by the exploration team and the laboratory for rare earth and trace elements uses the lithium metaborate/tetraborate fusion followed by Inductively Coupled Plasma (ICP) for the major oxides and by Inductively Coupled Plasma Mass Spectrometry (ICP-MS) for a series of 38 elements which include the REE's.

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 gneiss 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.

Mr. Peter P. Swistak, President of Cavan Ventures states, "The Pythonga REE project continues to reveal a real potential for economic rare earth mineralization. We are preparing a focused exploration campaign which will begin with geophysical surveys, a trenching and stripping phase, followed by a diamond drilling program."

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Jamaica could become a major player in the rare-earth market, which is currently dominated by China.

According to Jamaica's minister of Science, Technology, Energy and Mining, Philip Paulwell, a recent survey carried out by Japanese researchers has found high concentrations of rare-earth elements in bauxite residue. Mind you, the Japanese should be pretty good at finding stuff in the dirt, since Japan doesn't really have any noteworthy natural resources.

In a report to Jamaica's Parliament, Paulwell pointed out that the researchers believe Jamaica's rare-earth elements could be efficiently extracted, indicating that commercial production could be possible. The discovery could potentially turn Jamaica's economy around.

"The government of Jamaica perceives the extraction of the rare-earth elements that are present in Jamaica to be an exciting new opportunity to earn much needed foreign exchange and create jobs," Paulwell told lawmakers.

AP reports that Nippon Light Metal, the company behind the survey, has already agreed to invest $3 million in buildings and equipment for the pilot project.

Rare-earth elements produced during the pilot project will be jointly owned by Jamaica and the company, while negotiations on full scale commercialisation are expected at a later date.

China currently dominates the rare-earth market and it has a virtual monopoly on supplying rare-earth elements to manufacturers. In recent years China scaled back exports, causing alarm among foreign companies and governments. In response, the US, EU and Japan filed formal complaints about China's decision to curtail exports of rare-earth minerals.

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 A team led by Ames Laboratory in the US is to undertake research into solutions to the shortage of materials that are essential in the manufacturing of renewable energy equipment.

The US Department of Energy has awarded the lab awarded a five-year, $120 million grant to establish an ‘energy innovation hub’ research centre in Iowa.

The centre will be named the Critical Materials Institute and will explore how the country’s clean energy industry can overcome the shortage of materials such as rare earth metals, which are used in solar panels and wind turbines.

David Danielson, Assistant Secretary for Energy Efficiency and Renewable said: “Rare earth metals and other critical materials are essential to manufacturing wind turbines, electric vehicles, advanced batteries and a host of other products that are essential to America’s energy and national security.

“The Critical Materials Institute will bring together the best and brightest research minds from universities, national laboratories and the private sector to find innovative technology solutions that will help us avoid a supply shortage that would threaten our clean energy industry as well as our security interests.”

In 2011, a DOE critical materials strategy reported that supply challenges for five rare earth metals – dysprosium, terbium, europium, neodymium and yttrium – may affect clean energy technology deployment in the coming years.

The centre will focus on developing technologies capable of making the best use of what materials are available and that eliminate the need for scarce materials altogether.

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The prime minister of Greenland says he will not favour the EU over China or other investors when granting access to highly prized rare earth minerals.

Kuupik Kleist said it would not be fair "to protect others' interests more than protecting, for instance, China's".

Greenland, a vast autonomous Danish territory, is not in the EU, even though Denmark is.