Cap-Ex Iron Ore Ltd - 2011 News Releases

Cap-Ex Ventures Closes First Tranche Of Financing

2011-12-21T21:00:00-08:00

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

December 21, 2011

Cap-Ex Ventures Ltd. (TSX VENTURE:CEV)(OTCQX:CPXVF)(FRANKFURT:X0V) ("Cap-Ex" or the "Company") is pleased to announce that it has closed the first tranche (the "First Tranche") of its private placement financing (the "Private Placement") first announced on December 2, 2011.

The First Tranche was comprised of 3,915,810 units (the "Units"), each Unit comprised of one common share (the "Shares") and one share purchase warrant (the "Warrants") exercisable for a period of two (2) years at an exercise price of $0.95 per share. Each Unit was sold for $0.85 per Unit.

Proceeds from this First Tranche of the Private Placement totalled $3,328,438.50. The First Tranche of the Private Placement was comprised primarily of flow-through Units which were required to close prior to December 31, 2011. It is anticipated that the second tranche (the "Second Tranche") of the Private Placement, comprised of non flow-through Units and for proceeds of $6,871,561.50, is expected to close no later than January 15, 2012.

The Company expects to use most of the proceeds of the Private Placement for further exploration and development of the Company's Labrador properties and for general working capital purposes.

The Shares comprising part of the Units and any common shares issued upon exercise of the Warrants are subject to regulatory and Exchange hold periods such that they cannot be traded or resold until April 22, 2011.

APPOINTMENT OF FRANCOIS LAURIN AND BRIAN PENNEY

As announced in the Company's news release of December 19, 2011, Francois Laurin and Brian Penney have joined the Board of Directors of the Company (replacing Christopher Farber and Edward Kruchkowski, who have resigned) concurrently with the closing of the First Tranche of the Private Placement.

In addition, Francois Laurin has been appointed President and CEO of the Company, effective immediately, in place of Brett Matich who has resigned as President and CEO but remains a Director of the Company.

Francois Laurin, the new President and Chief Executive Officer of Cap-Ex, stated, "With the closing of the private placement, Cap Ex gets an early start to 2012. We expect 2012 to feature an aggressive exploration program culminating in an initial mineral resource estimate, continued positive development of relations with local communities and aboriginal groups and a build out of the Cap Ex team to supplement current technical and operational expertise." He continued, "Brian Penney and I are honoured to join the Cap Ex team and look forward to an exciting and milestone driven 2012."

For additional information please visit the Company's website at www.cap-ex.ca. You may also email [email protected]">[email protected] or call investor relations at (604) 669-2279.

CAP-EX VENTURES LTD.

"Fancois Laurin

Francois Laurin
President and CEO

Cautionary Note Regarding Forward-looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the terms and closing date of the financing, the projected use of proceeds from the financing and the impact of the board and management appointments on the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER 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

Cap-Ex Ventures to Appoint Francois Laurin as President and CEO; Announces Board Changes and Agreement with Forbes & Manhattan

2011-12-19T21:00:00-08:00

December 19, 2011

Cap-Ex Ventures Ltd. (TSX-V: CEV) ("Cap-Ex" or the "Company") is pleased to announce that it has entered into a management services agreement (the "Agreement") with Forbes & Manhattan, Inc. ("F&M"). F&M has had great success with Consolidated Thompson Iron Mines Limited developing the Bloom Lake project from grass roots exploration to production. The Bloom Lake project is located in the Labrador iron trough in Northern Quebec and Labrador, Canada, which is the location of Cap Ex's flagship properties.

The Company will become a member of the Forbes & Manhattan Group of Companies and receive all of the benefits of such membership, including access to a world class team of geologists and mining engineers, engineering and capital markets advice from Stan Bharti and other Forbes & Manhattan capital market professionals and strategic advice from the Forbes & Manhattan Board of Advisors.

The Company is also pleased to announce that François Laurin has agreed to become the President, Chief Executive Officer and a member of the Board of Directors of the Company. In addition, Brian Penney has agreed to join the Board of Directors and serve as the Chairman of the Operations Committee of the Board. The appointments of Francois Laurin and Brian Penney are to be effective upon closing of the first tranche of the Company's private placement announced in the Company's press releases of December 2, 2011 and December 5, 2011. Closing of the first tranche is expected this week.

François Laurin was the Chief Financial Officer of Consolidated Thompson Iron Mines Ltd., which was acquired by Cliffs Natural Resources earlier this year for $4.9 billion. Mr. Laurin also has extensive experience in the transportation, telecommunication, media and private equity industries. He is currently a member of the board of directors of several non profit organizations and has been a director and member of board committees of both public and private companies. Mr. Laurin is a Chartered Accountant and a Chartered Financial Analyst, and holds a graduate diploma in Public Accountancy and a Bachelor of Commerce degree from McGill University.

Brian Penney brings significant iron ore experience to the Company, having worked for the Iron Ore Company of Canada ("IOC"), a Rio Tinto subsidiary, for more than 15 years. During his tenure with IOC, Mr. Penney held many senior roles including: General Manager of all Processing Facilities, General Manager of Mining Operations and General Manager of Integrated Planning. In addition, Mr. Penney currently serves as the President and Chief Executive Officer of Ridgemont Iron Ore Corp. He is a professional engineer, graduating from Technical University of Nova Scotia with a degree in Metallurgy.

To facilitate these appointments, Brett Matich will resign as the President and Chief Executive Officer of the Company. Brett Matich will remain on the Board of Directors. Chris Farber and Edward Kruchkowski will resign from the Board.

The Company wishes to express its sincere gratitude to Messrs Matich, Farber and Kruchkowski who have contributed greatly to the Company and its successful 2011.

The Agreement further provides that, in the event that the Company meets its operational plans for 2012 (to be determined by an Operations Committee of the Board) F&M will search for and nominate another person to the Board of Directors.

Finally, in the event that the Company completes (after 2012 exploration) an NI 43-101 compliant report on its Block 103 property, F&M will search for and nominate another person to the Board of Directors.

Andrew Bowering, the Chairman of Cap-Ex, stated, "On behalf of the Board of Directors, I would like to welcome Francois Laurin, Brian Penney and Forbes & Manhattan to the Cap-Ex team. We believe that these appointments provide technical expertise and strategic knowledge to the Company that can only be obtained through past successes in the Labrador Trough. We would also like to thank Chris Farber and Edward Kruchkowski for their dedication and hard work during the transformation of the Company into one of the leading iron ore exploration companies in Canada."

The transactions disclosed herein may be subject to regulatory approval including Exchange approval.

For additional information please visit the Company's website at www.cap-ex.ca. You may also email [email protected]">[email protected] or call investor relations at (604) 669-2279.

CAP-EX VENTURES LTD.

"Andrew Bowering"
Andrew Bowering
Chairman

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.

Cautionary Note Regarding Forward Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding the impact of the appointments on the Company, the timing and cost of future exploration activities and timing for closing of the financing. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; delay or failure to receive board or regulatory approvals; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of mineral prices; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and shortages and other risks of the mining industry; and, delays in obtaining governmental approvals or required financing or in the completion of activities. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Cap-Ex Ventures Announces $10,200,000 Non-Brokered Financing

2011-12-02T21:00:00-08:00

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES

December 02, 2011

VANCOUVER, BRITISH COLUMBIA--(Marketwire - December 2, 2011) -- Cap-Ex Ventures Ltd. (TSX VENTURE:CEV)(OTCQX:CPXVF)(FRANKFURT:X0V) ("Cap-Ex" or the "Company") is pleased to announce a non-brokered private placement financing (the "Financing") for the sale of 12,000,000 units at a price of $0.85 per unit for total gross proceeds of $10,200,000. Each unit is to consist of one common share of the Company and one share purchase warrant. Each warrant will entitle the holder to purchase one common share of the Company at the exercise price of $0.95 for a period of two years.

Forbes & Manhattan, Inc. and its associates have agreed to subscribe for the majority of the financing. Insiders of the Company and other persons have agreed to subscribe for an aggregate of 2,000,000 units. The 2,000,000 units being purchased by Insiders of the Company and other persons are flow-through units (the "Flow-Through Units") while the remaining 10,000,000 units in the Financing are non flow-through (the "Non Flow-Through Units"). The unit price and warrant exercise price of the Flow-Through Units and the Non Flow-Through Units are the same.

No commissions or finder's fees are payable on the Financing.

The Company expects to use the proceeds of the financing for further exploration and development of the Company's Labrador properties. The proceeds received by the Company on the issue of the Flow-Through Units will be used for exploration expenditures that constitute Canadian exploration expenditures (as defined in the Income Tax Act (Canada)).

Closing of the financing is expected to occur in two tranches with the first tranche to occur on or about December 20, 2011. All securities issued will be subject to a four month hold period. The financing is subject to a number of conditions, including, without limitation, receipt of approval of the TSX Venture Exchange.

For additional information please visit the Company's website at www.cap-ex.ca. You may also email [email protected]">[email protected] or call investor relations at (604) 669-2279.

CAP-EX VENTURES LTD.

"Brett Matich"

Brett Matich
President and CEO

Cautionary Note Regarding Forward-looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the terms and closing date of the financing and the projected use of proceeds from the financing. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Cap-Ex and ITUM Reach Agreement

2011-12-01T21:00:00-08:00

JOINT MEDIA RELEASE

December 01, 2011

Cap-Ex Ventures Ltd. (TSX-V: CEV) ("Cap-Ex" or the "Company") and Innu Takuaikan Uashat mak Mani-Utenam ("ITUM") wish to announce that they have signed a first agreement (the "Agreement") in a series of two planned agreements regarding the Company's exploration activities on its mining claims (the "Claims") in Quebec and Newfoundland and Labrador.

The Agreement contains commitments by the Company and ITUM to negotiate a second, finalized Exploration Agreement (the "Exploration Agreement") by February 29, 2012 failing which the Agreement will terminate. The Agreement:

provides for the participation of ITUM in environmental monitoring;
supports the practice of traditional activities;
commits to the restoration of sites;
includes socio-economic benefits for ITUM and its members;
allows ITUM to benefit from the sale of Claims;
sets out a consultation process for future exploration activities; and
provides for the negotiation of an Impact and Benefit Agreement (the "IBA") prior to the development of a mine.

ITUM has informed the Government of Newfoundland and Labrador that it does not object, and withdraws its earlier objections and comments, to the Company's Application for Exploration Approval filed with the Government of Newfoundland and Labrador on April 11, 2011, as modified by the Company's letter to the Government on June 16, 2011, including the work on Block 103 currently subject to an environmental review by the Government of Newfoundland and Labrador.

The Agreement calls for a payment of $100,000 to ITUM now and the issuance to ITUM of 300,000 shares of the Company on execution of the Exploration Agreement. In addition, the Company at its election may pay $100,000 to ITUM or issue to ITUM an additional 200,000 shares (the "Annual Payment"). The Annual Payment is conditional upon the Company completing Exploration Activities of $100,000 or more on the Claims in the exploration year prior to the payment being made.

The Agreement further calls for an annual cash payment (the "Annual Cash Payment") of $100,000. The Annual Cash Payment is conditional upon the Company completing Exploration Activities of $100,000 or more on the Claims in the exploration year prior to the payment being made.

The Company has agreed to work with ITUM to monitor the environmental and other impacts of exploration activities and will make a $35,000 annual contribution (the "Annual Impact Monitoring Commitment") to ITUM to finance such participation by ITUM.

The Agreement states that ITUM will receive a 0.5% gross royalty on any revenues that the Company may receive from sale of iron ore products mined in the future on the Claims.

In the event that the Company acquires additional mining claims within territories over which ITUM has asserted territorial claims, the Annual Cash Payment, the Annual Impact Monitoring Commitment and the Annual Share Payment will be increased by that proportion by which the Claims' total hectares have increased. For example, if the total hectares of the Claims the Company was exploring increased from 120,000 to 150,000 (an increase of 25%) the Annual Cash Payment, the Annual Impact Monitoring Commitment and the Annual Share Payment would be increased by 25%.

The Exploration Agreement's term is to be for the duration of the Company's exploration activities. The Agreement has been approved by the TSX-Venture Exchange.

For additional information please visit the Company's website at www.cap-ex.ca. You may also email [email protected] or call investor relations at (604) 669-2279.

On behalf of ITUM please contact Armand MacKenzie, Negotiator at (418) 409-5626.

CAP-EX VENTURES LTD.

"Brett Matich"

Brett Matich

President and CEO

INNU TAKUAIKAN UASHAT MAK MANI-UTENAM

"Georges-Ernest Grégoire"

Georges-Ernest Grégoire

Chief

_{"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."}

_{"This news release may contain forward--looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements."}

High Grade Iron Results Confirm Strike Extension to Northwest Zone

2011-11-30T21:00:00-08:00

November 30, 2011

Cap-Ex Ventures Ltd. (TSX-V: CEV) ("Cap-Ex" or the "Company") is pleased to announce the results from 2 more drill holes completed on the newly discovered Northwest Zone located on the Company's wholly owned Block 103 iron ore property, 30 kilometres northwest of the mining town of Schefferville, Quebec. The new zone is located approximately 3 kilometres west of the Green Bush Zone, in the northwest portion of Block 103 where the Company has recently announced several positive drill hole results indicating the presence of significant magnetite mineralization. The geology of the Northwest zone is very simple, forming a single horizon that strikes NW-SE and dips very gently (0-10 degrees) to the northeast.

The Northwest Zone was tested by 6 diamond drill holes over 5.3 kilometres of strike length. To date, results have been received for 3 holes with the results for drill hole DDH103-11 having been disseminated by the Company on November 8, 2011. Drill hole DDH103-13 drilled 680 metres south of drill hole DDH103-11 intersected 90.63 metres (true thickness) averaging 32% iron (Fe) and 31.62% DTWR. Hole DDH103-15 drilled 1,150 metres southeast of DDH103-11 intersected 88.91 metres (true thickness) averaging 31.1% Fe and 27.53% DTWR. (Refer to Figure 1 attached which can also be found on the company website at www.cap-ex.ca)

The full results from 3 holes released to date are shown in the table below.

HOLES WITH RESULTS
Hole number	From	To	Core interval	True thickness	Total Fe	DTWR	Concentrate
	(m)	(m)	(m)	(m)	(%)	(%)	Fe (%)	SiO2 (%)
DDH103-11	1.2	109.1	107.9	107.3	31.8	31.6	68.1	3.3
DDH103-13	1.2	92.4	91.1	90.6	32.0	31.6	68.2	4.4
DDH103-15	1.5	90.5	89.0	88.9	31.1	27.5	69.4	3.2
HOLES WITH RESULTS PENDING
Hole Number	Interval of magnetite bearing horizon
	From	To	Interval
DDH103-12	1.5	95.0	93.5	Results Pending
DDH103-16	24.7	145.0	120.3	Results Pending
DDH103-17	60.0	180.0	120.0	Results Pending

Total Fe and DTWR (Davies Tube Weight Recovery) were calculated as a weighted average from all the samples.
DTWR tests were run on 10% of the samples. DTWR calculation for the remaining samples is based on the ratio of DTWR and Fe3O4 values.
Fe and SiO2 values in concentrate were calculated in 10% of the samples.

Brett Matich, President and CEO of Cap-Ex comments, "The positive results from the drilling at the Northwest Zone are very encouraging, complementing our original Greenbush Zone discovery from the 2011 drill program and all contained within our 100% owned Block 103 property."

The samples from drilling were processed and assayed by SGS Canada Lab based in Lakefield, ON. The samples were assayed using XRF, Satmagan and Davis tube techniques.

Alex Walus, PGeo., a qualified person pursuant to National Instrument 43-101, has reviewed and approved the contents of this news release.

For additional information please visit the Company's website at www.cap-ex.ca. You may also email [email protected]">[email protected] or call investor relations at (604) 669-2279.

CAP-EX VENTURES LTD.

"Brett Matich"

Brett Matich
President and CEO

"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."

"This news release may contain forward--looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements."

Drill Results Continue to Support New Iron Ore Discovery on Block 103

2011-11-23T14:41:00-08:00

November 23, 2011

Cap-Ex Ventures Ltd (TSX-V: CEV) ("Cap-Ex" or the "Company") is pleased to announce additional results from diamond drilling completed in 2011 on its wholly owned Block 103 iron ore property, located 30 kilometres northwest of the mining town of Schefferville, Quebec.

Drill hole DDH103-35, intersected 70.1 metres at 29.7% Fe and 33.75% DTWR from 5.18 metres. The Company also received the DTWR results for DDH103-28, intersecting 125 metres at 30.4% Fe and 30.84% DTWR from 2.13 metres. (Refer to Figure 1 attached, which can also be found at www.cap-ex.ca).

The Greenbush Zone currently averages 30.23% Fe and 30.36% DTWR. This is higher than the head grade iron and DTWR figures of other similar multi-billion tonne magnetite deposits in the Labrador trough. The resultant Davis Tube Concentrate estimates grade an average of 66.98% Fe and 5.06% SiO2.

This year's drilling on Block 103's Greenbush Zone has enabled the Company to outline an area that could host a significant magnetite deposit. The outlined area called the Greenbush Zone, is underlain by a continuous magnetite bearing horizon (Sokoman Formation). (Refer to Figure 1 attached, which can also be found at www.cap-ex.ca).

Based on the results of the 2011 drilling and airborne geophysical programs, the following interpretations can be formulated regarding the Greenbush Zone:

The area with strong magnetite mineralization is at least 16 square kilometres in size. This Zone features very strong, coincident magnetic and gravimetric airborne anomalies, which show remarkable reliability as drilling targets. All 17 drill holes within the Greenbush Zone, publicly disseminated, have encountered a sequence of ore grade mineralization from 45 to 265 metres. (See Table 1)
The average length of the core intercepts of magnetite mineralization encountered in the 17 holes drilled in the Zone is 128 metres. This number is based on assays from 10 holes and the visual estimation of magnetite content in the remaining holes. The average true width of the magnetite mineralization is estimated at 110 metres.
Specific Gravity ("SG") of 3.3 is used at this time, which is the same used for the surrounding deposits.
The western limb of the Greenbush Zone exhibits a folded sequence as observed in Hole 44. This 265 metre hole goes through the Sokomon Formation, exits the formation, and then re-enters in a reverse formation sequence.
The mineralization starts near surface in most of the holes and is open in all directions Cap-Ex President and CEO Mr Brett Matich comments, "The Board is pleased with the initial results from the Greenbush Zone discovery."

TABLE 1 -- Greenbush Zone

TABLE WITH ASSAYS AND CORE INTERCEPTS
Hole	From	To	Core interval	Total Fe	DTWR	Concentrate
number	(m)	(m)	(m)	(%)	(%)	Fe (%)	SiO2 (%)
DDH103-7	6.08	164.94	158.86	31.2	30.57	70.1	2.3
DDH103-8	2.74	121	118.26	28.6	29.29	67.53	5.55
DDH103-9	83.57	157.89	74.32	29.5	32.61	67.06	6.12
DDH103-23	1.52	161.39	159.9	31.3	31.97	68.51	4.42
DDH103-25	0	87.37	87.37	29.9	27.95	69.18	3.51
DDH103-27	2.13	129.24	127.11	29.6	26.14	68.08	5.1
DDH103-28	2.13	127.26	125.13	30.4	30.84	55.48	10.65
DDH103-32	59.73	143.78	84.05	31.9	30.08	69.88	2.79
DDH103-35	5.18	75.29	70.1	29.7	33.75	Results pending
DDH103-18	21.33	186.54	165.21	Results pending
DDH103-19	21.48	66.88	45.4	Results pending
DDH103-20	1.22	130.99	129.77	Results pending
DDH103-34	32.61	178.918	146.3	Results pending
DDH103-38	2.44	92.05	89.61	Results pending
DDH103-39	2.13	194.16	192.03	Results pending
DDH103-43	37.49	178.92	141.43	Results pending
DDH103-44	2.13	267.31	265.18	Results pending

The Company is also awaiting additional assay results from the recently discovered Northwest Zone, also located on Block 103. The Northwest Zone was tested by 6 holes over 5.3 kilometres of strike.

The samples from drilling were processed and assayed by SGS Canada Lab based in Lakefield, ON. The samples were assayed using XRF, Satmagan and Davis tube techniques.

Alex Walus, PGeo., a qualified person pursuant to National Instrument 43-101, has reviewed and approved the contents of this news release.

For additional information please visit the Company's website at www.cap-ex.ca. You may also email [email protected]">[email protected] or call investor relations at (604) 669-2279.

CAP-EX VENTURES LTD.

"Brett Matich"

Brett Matich
President and CEO

Figure 1

New High Grade Zone Returns 107 Metres at 31.6% DWTR

2011-11-08T14:34:00-08:00

November 08, 2011

Cap-Ex Ventures Ltd. (TSX-V:CEV) ("Cap-Ex" or the "Company") is pleased to announce the discovery of a second high grade magnetite zone on the Company's wholly owned Block 103 iron ore property, located 30 kilometres northwest of the mining town of Schefferville, Quebec. This new zone is located approximatley 3 kilometres west of the Green Bush Zone, in the northwest region of Block 103. Refer to Northwest Zone map on Company website (www.cap-ex.ca).

The newly discovered Northwest Zone was diamond drill tested by 6 holes over 5.3 kilometres of strike, with drill spacing ranging from 300 metres to 2,100 metres. This zone is completely open along strike to the south. The presumed width of the Northwest Zone between Kivivic Lake and the western boundary of Block 103 is between 0.5 and 1.5 kilometres. The western and northern extensions appear to continue onto ground held by Tata Steel/New Millennium Iron Corp. The Northwest Zone is striking NW-SE, dipping gently to the northeast. The thickness increases from 107 metres at the northern end, in hole DDH 103-11, to over 153 metres at the southern end as shown in Hole DDH103-17.

To date, assay results for the Northwest Zone were obtained only for the most northern drill hole DDH 103-11, from 1.22 metres, intersected 107.90 metres (true thickness) averaging 31.8% iron, with 31.6% Davis Tube Weight Recovery ("DTWR"). This initial DTWR assay result is significantly higher than the nearby LabMag (average of 25.8% DWTR) and KeMag (average 27% DWTR) deposits.

Assay results from the remaining five holes are pending; these drill intercepts of magnetite bearing Sokoman Formation are presented in the table below. It is important to note that in holes DDH 103-16 and 17, significant intervals of magnetite have been converted to hematite.

Hole No.	From	To	Core Interval	True Thickness of Magnetite
	(m)	(m)	(m)	Bearing Interval (m)
DDH103-12	1.52	108.81	107.29	106.70
DDH103-13	1.22	102.56	101.34	100.78
DDH103-15	1.52	101.65	100.13	99.58
DDH103-16	24.69	151.49	126.80	126.10
DDH103-17	43.59	196.60	153.01	152.17

The Company is also awaiting additional assay results from the recently discovered Greenbush Zone, also located on Block 103.

Fourteen Reverse Circulation ("RC") drill holes have now been completed on the Company's Redmond properties, located 10 kilometres southeast of Schefferville, Quebec. The Company is awaiting assay results. Eleven holes intersected hematite/limonite mineralization with intervals ranging from 10 to 73 metres in thickness.

The samples from drilling were processed and assayed by SGS Canada Lab based in Lakefield, ON. The samples were assayed using XRF, Satmagan and Davis tube techniques.

The Company also reports the grant of 600,000 incentive stock options (the "Options") to certain directors, officers, employees and consultants of the Company. The Options have a term of five (5) years and are exercisable at a price of $0.81 per common share. The Options are subject to their acceptance for filing with the TSX Venture Exchange.

Alex Walus, PGeo., a qualified person pursuant to National Instrument 43-101, has reviewed and approved of the contents of this news release.
For additional information please visit the Company's website at www.cap-ex.ca. You may also email [email protected]">[email protected] or call investor relations at (604) 669-2279.

CAP-EX VENTURES LTD.

"Brett Matich"

Brett Matich
President and CEO

Drill Hole DDH103-44 Returns Over 258 Metres of Iron Formation - the Thickest Intersection to Date

2011-10-27T14:15:00-07:00

October 27, 2011

Cap-Ex Ventures Ltd. (TSX-V:CEV) ("Cap-Ex" or the "Company") is pleased to report that drilling on the Company's wholly owned Block 103 iron ore property in the Labrador Trough continues to expand the heavily mineralized Greenbush Zone along both east and west limbs.

DDH103-18, approximately one kilometre south of the Block 103 north boundary, intersected 172 metres of the magnetite bearing Sokoman Formation. DDH103-20, one kilometre east-southeast of DDH103-18, intersected 129 metres of magnetite from surface. Combining previous results, this drilling indicates the east limb of the Greenbush Zone to have a strike length of at least 8 kilometres with widths of up to one kilometre.

DDH103-07, approximately two kilometres southwest of discovery hole DDH103-23, and ten kilometres southeast of DDH103-18, intersected approximately 159 metres of 31.2% total iron. In addition, DDH103-44, midway between DDH103-18 and DDH103-07 (five kilometres southeast of DDH103-18), intersected 258 metres of magnetite from surface. Combining recent drilling with previous results indicates the west limb to have a strike length exceeding 10 kilometres and a width of up to two kilometres. (Refer to Figure 1 attached, which can also be found at www.cap-ex.ca.)

This year's drilling on Block 103 enabled the Company to outline an area that could host a potential significant magnetite deposit. The outlined area comprises 16 square kilometres and was tested by 17 holes (Refer to Figure 1 attached, which can also be found at www.cap-ex.ca.) Results for 8 of these 17 drill holes are presented in Table 1. Assay results for the remaining 9 holes are pending but intercepts of the magnetite bearing Sokoman Formation encountered in the drill holes are presented in Table 2.

Table 1

Hole Number	From (m)	To (m)	Core interval (m)	Total Fe (%)	Fe₃O₄ (%)	DTWR (%)	Concentrate
Hole Number	From (m)	To (m)	Core interval (m)	Total Fe (%)	Fe₃O₄ (%)	DTWR (%)	Fe (%)	SiO₂ (%)
DDH103-7	6.08	164.94	158.86	31.2	30.9	30.57	70.1	2.3
DDH103-8	2.74	121.00	118.26	28.6	28.5	29.29	67.5	5.6
Due to technical reasons, the hole was terminated at 118.26m in magnetite ore.
DDH103-9	83.57	157.89	74.32	29.5	30.8	32.61	67.1	6.1
DDH103-32	59.73	143.78	84.05	31.9	30.0	30.08	69.9	2.8
Previously Reported
Hole Number	From (m)	To (m)	Core interval (m)	Total Fe (%)	Fe₃O₄ (%)	DTWR (%)	Concentrate
Hole Number	From (m)	To (m)	Core interval (m)	Total Fe (%)	Fe₃O₄ (%)	DTWR (%)	Fe (%)	SiO₂ (%)
DDH103-23	1.52	161.39	159.90	31.3	30.7	31.17
DDH103-25	0.00	87.37	87.37	29.9	27.5	27.95	69.2	3.5
DDH103-27	2.13	129.24	127.11	29.6	25.7	26.14	68.1	5.1
including	2.13	61.85	59.72	29.6	28.8	29.27	68.1	5.1
DDH103-28	2.13	127.26	125.13	30.4	29.8

Table 2

Hole Number	From (m)	To (m)	Intersection of magnetite bearing horizon
DDH103-18	3.05	175.87	172.82
DDH103-19	16.5	42.06	25.56
DDH103-20	1.22	130	128.78
DDH103-43	37.49	160	122.51
DDH103-44	2.13	260	257.87
Previously Reported
Hole Number	From (m)	To (m)	Intersection of magnetite bearing horizon
DDH103-34	3.35	182.97	179.62
DDH103-35	1.50	81.38	79.88
DDH103-38	2.44	102.72	100.28
DDH103-39	2.13	194.16	192.03

Initial results for all drill holes into the Green Bush zone indicate the zone contains high-grade magnetite with grades exceeding those of nearby taconite deposits such as LabMag (average of 25.8% per cent DWTR) and KeMag (average of 27%). Based on the results from the 11 drill holes, the thickness of the magnetite bearing horizon in the remaining 11 holes and the presence of very strong coincident magnetic and gravimetric airborne anomalies (which shows remarkably good reliability as drilling targets), the following basic interpretations can be drawn:

The area with strong magnetite mineralization is approximately 16 square kilometres in size.
The average thickness of the magnetite mineralization is 75 metres.
The specific gravity of the mineralization is similar to surrounding deposits and averages 3.3 grams/cm3
The mineralization is open in all directions.

The samples from drilling were processed and assayed by SGS Canada Lab based in Lakefield, Ont. The samples were assayed using XRF, Satmagan and Davis tube techniques.

Alex Walus, PGeo, a qualified person pursuant to National Instrument 43-101, has reviewed and approved of the contents of this news release.

For additional information please visit the Company's website at www.cap-ex.ca. You may also email [email protected] or call investor relations at (604) 669-2279.

CAP-EX VENTURES LTD.

"Brett Matich"

Brett Matich
President and CEO

_{"This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements}

Figure 1

Green Bush Zone Extended To Over 7 Kilometers in Length

2011-10-07T13:57:00-07:00

October 07, 2011

Cap-Ex Ventures Ltd. (TSX-V:CEV) ("Cap-Ex" or the "Company") is pleased to announce that step-out drilling has extended the strike length of the Green Bush high-grade magnetite zone from 3.5 kilometres to approximately 7 kilometres. Initially, the Green Bush Zone, an intense magnetic anomaly on the Company's wholly owned Block 103 property, was tested by 10 drill holes spaced at 500 metre intervals, over a 3.5 kilometre (km) strike length and a width at least 1 km.

While assay results are pending for numerous Block 103 drill holes, both north and south of the Green Bush zone, significant intersections of the magnetite bearing Sokoman Formation have been identified in drill core up to 7 kilometres northwest of discovery hole DDH103-23 which intersected 159.9 metres grading 31.3% iron (31.17% Davis Tube Weight Recovery) from 1.52 metres.

Green Bush Zone drilling results received to date are as follows:

Table 1

Hole Number	From (m)	To (m)	Core Interval (m)	Total Fe (%)	Fe₃O₄	DTWR (%)	Concentrate Fe (%)	Concentrate SiO₂ (%)
DDH103-28	2.13	127.26	125.13	30.4	30.68	Pending	Pending	Pending
DDH103-23	1.52	161.39	159.9	31.30	30.68	31.17	Pending	Pending
DDH103-25	0.00	87.37	87.37	29.92	27.51	27.95	69.18	3.51
	hole terminated in 28.7% Fe
DDH103-27	2.13	129.24	127.11	29.616	25.73	26.14	68.075	5.1
including	2.13	61.85	59.72	29.581	28.81	29.27	68.075	5.1

_Notes:

_{DDH103-23,25 and 27 have been previously released.}

_{Fe3O4 (magnetite) and DTWR were calculated as an average ratio of total Fe to DTWR based on titration results of 10% of drill core samples to date.}

_{Results for Fe and SiO2 in concentrate for DDH103-23 are pending.}

_{True widths of the mineralized zones are unknown at this time.}

DDH103-27 extends the Green Bush zone 1.5 kilometres to the northwest from discovery hole DDH103-23. DDH103-25 and DDH103-28 expand the zone 500 metres to the west. Cap-Ex is awaiting assay results for holes DDH103-34, DDH103-35, DDH103-38, and DDH103-39 which have the potential to extend the zone a further 2.5 kilometres to the northwest of hole DDH103-27. Drill core for DDH103-18 has yet to be processed but presence of magnetite bearing Sokoman Formation intersected by the hole potentially extends the Green Bush mineralized zone to over 7 kilometres in length.

Intersections of magnetite bearing horizon (Sokoman Formation) encountered in holes drilled to the northwest of the Green Bush zone are presented in table 2.

Table 2

Hole No.	From (m)	To (m)	Intersection of magnetite bearing horizon (m)
DDH103-34	3.35	182.97	178.62
DDH103-35	1.50	81.38	79.88
DDH103-38	2.44	102.72	100.28
DDH103-39	2.13	194.16	192.03
DDH103-18	2.13	197.21	195.08

Cap-Ex is also awaiting assays from other significant Block 103 drill holes. Exploration efforts will focus on further delineating and expanding the size of this newly discovered Green Bush zone through continued drilling.

There remains significant potential to expand the Green Bush zone to the northwest, southeast and southwest where there are large, intense magnetic anomalies not yet tested by drilling. Drilling completed to date on Block 103 shows remarkably good reliability of magnetic anomalies as drilling targets. It also confirms that there is a strong potential for continuity of magnetite bearing Sokoman Formation underlying Block 103. Cap-Ex is continuing its drilling campaign on Block 103 with two diamond rigs.

Cap-Ex has received delivery and begun operating its 100% owned reverse circulation drill rig in Schefferville. This rig is now drilling the hematite ("Direct Shipping Ore") targets at its Redmond property, located 10 kilometres southeast of Schefferville, Quebec.

Brett Matich commented: "We are very encouraged by the results received to date. The continuity of mineralization will allow us to build significant tonnage of magnetite exceeding any previous estimates. We look forward to receiving further assay results from the backlog of over 40 holes currently in for assay".

The samples from drilling were processed and assayed by SGS Canada Lab based in Lakefield, Ont. The samples were assayed using XRF, Satmagan and Davis tube techniques.

Alex Walus, PGeo, a qualified person pursuant to National Instrument 43-101, has reviewed and approved of the contents of this news release.

For additional information please visit the Company's website at www.cap-ex.ca. You may also email [email protected] or call investor relations at (604) 669-2279.

CAP-EX VENTURES LTD.

"Brett Matich"

Brett Matich
President and CEO

3.7 Kilometre Strike of Hematite Confirmed at Lac Connelly

2011-09-28T13:48:00-07:00

September 28, 2011

Cap-Ex Ventures Ltd. (TSX-V: CEV) ("Cap-Ex" or the "Company") is pleased to announce that the first stage exploration program completed on its Lac Connelly property (the "Property)" has successfully confirmed 3.7 kilometres strike of hematite iron ore.

The Lac Connelly property covers approximately 50,000 hectares and is located within the Labrador trough, 250 kilometres northwest of the mining town of Schefferville, Quebec.

The purpose of the program was to examine two hematite bearing horizons mentioned in the historical report from 1955 (reference: Natural Resource Department of Quebec, GM03035), which was based on exploration conducted by Great Iron Mountain Corp.

The 2011 exploration program consisted of rock sampling, prospecting and geological mapping to confirm the presence of the hematite bearing horizons. Both horizons are striking northeast to southwest and dip gently to the southeast.

The first hematite bearing horizon was traced for 2.5 kilometres along the strike and is at a minimum 30 metres wide. The second hematite bearing horizon is located 1.5 kilometres to the northwest of the first horizon. It was traced for 1.2 kilometres along strike, and based on the preliminary mapping, is at least 50 metres wide. A total of 21 rock samples were collected from the second hematite horizon, which included 16 chip and 5 grab samples, returning an average of 40.01% iron.

The Company conducted in house microscopic studies on the hematite bearing rocks from Lac Connelly. These preliminary studies indicate that the quartz and hematite grains are not intergrown, but form separate grains which are substantially coarser than mineral grains in typical magnetite iron ore. These results indicate that the Lac Connelly hematite could be economically beneficiated to >60% iron. Based on these successful findings the Company has now commenced metallurgical studies to test beneficiating the Lac Connelly hematite ore.

The Lac Connelly metallurgical work will be conducted by Inspectorate Lab based in Richmond, British Columbia under the supervision of metallurgist Frank Wright.

Alex Walus, P.Geo., a Qualified Person pursuant to National Instrument 43-101, has reviewed and approved of the contents of this news release.

For additional information please visit the Company's website at www.cap-ex.ca. You may also email [email protected] or call investor relations at (604) 669-2279.

CAP-EX VENTURES LTD.

"Brett Matich"

Brett Matich
President and CEO