Cap-Ex Intersects 291 Metres of 29% Iron

Cap-Ex Intersects 291 Metres of 29% Iron 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/25/12 -- Cap-Ex
or the "Company") is pleased to announce that it has received the
third set of assay results from its on-going drill program within the
Greenbush Zone, located on its wholly-owned Block 103 Property in
western Labrador. All eight holes drilled to date on this third,
approximately 1,700 metre long drill line (Section 8800N),
intersected iron mineralization. Intervals ranged up to 291 metres in
thickness with total iron content ranging from 27.7% to 30.7%. Five
of the eight holes ended in iron mineralization. This third drill
line trends northeast/southwest and is located parallel to and 600
metres south of the second drill line (Section 9400N). Assay results
for the first and second drill lines were released in news releases
dated August 13, 2012 and September 12, 2012 respectively. 
Highlights of assay results from the third drill line include: 

Hole                      From          To      Length    Total Fe
Number                     (m)         (m)         (m)         (%)
DDH103-060                 8.5       292.0       283.5        28.7
DDH103-061(i)             45.1       188.4       143.3        29.3
and                      237.1       310.3        73.2        29.8
DDH103-062(i)              1.5       100.8        99.3        28.9
and                      124.4       212.8        88.4        29.7
and                      289.0       320.7        31.7        28.7
DDH103-086(i)              1.5       292.3       290.8        29.2
DDH103-087                 3.1       103.3       100.3        28.1
and                      128.2       200.9        72.7        30.3
and                      246.6       309.2        62.6        28.3
DDH103-134               118.1       242.3       124.2        28.4
and                      272.8       300.2        27.4        30.7
DDH103-135(i)              5.2       134.2       129.0        29.6
and                      145.0       337.4       192.4        27.7
DDH103-136(i)             48.2       197.5       149.4        27.9
and                      218.3       267.6        49.3        29.6
and                      304.2       343.8        39.6        30.5
 (i) ended in iron mineralization                                           

Location maps and a cross section are posted on the Cap-Ex website
"We are very pleased with this third set of assay results, as they
continue to demonstrate substantial thickness and consistent grade as
the drill program progresses to the south and north, expanding the
zone of mineralization," says Francois Laurin, President and CEO of
Cap-Ex. "In addition to the publication of our initial resource
estimate, we plan to complete a Preliminary Economic Assessment early
next year. It is very exciting to see the potential of this project." 
To date, Cap-Ex has completed approximately 21,915 metres of the
22,000 metre drill program. 
True widths of the reported intercepts above vary depending on the
angle of the individual drill holes and are estimated to be between
70% and 100% of the core interval as reported. All samples were
prepared from split BTW-sized half-core sections on-site in Labrador.
Split drill core samples have been sent to independent contractor
Acme Analytical Laboratories in Vancouver, BC for analyses. Total
iron analysis is performed using X-ray fluorescence (XRF) and the
magnetic component is determined by Satmagan magnetic analysis. FeO
titration analysis permits an estimation of hematite. Standards,
blanks, and duplicate assays are included at regular intervals in
each sample batch submitted from the field as part of an ongoing
Quality Assurance/Quality Control program. 
Qualified Person 
Edward Lyons, P. Geo., a consultant to the Company and a Qualified
Person as defined by NI 43-101, has reviewed and approved the
technical information contained in this news release. Mr. Lyons has
verified the data disclosed in this news release, including sampling,
analytical and test data underlying the information disclosed in this
news release. Mr. Lyons has verified that the results were accurate
from the official assay certificates provided to Cap-Ex. 
About CAP-EX Ventures Ltd. 
Cap-Ex Ventures Ltd. is a Canadian listed company, focused on the
development of its Block 103 Iron Ore Property in the Labrador
Trough, near the mining town of Schefferville, Quebec. The Block 103
property is strategically located close to an existing railway, which
can provide a direct link to a shipping port, and is adjacent to New
Millennium Iron Corp-Tata Steel LabMag and KeMag deposits and the New
Millennium-Tata oxide deposits to the east. 
For additional information please visit the Company's website at 
On behalf of the Board 
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 development potential of the Company's
Block 103 iron ore property, future exploration plans and the
expected timing for completion of an NI 43-101 mineral resource
estimate and a preliminary economic assessment. 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 Ventures Ltd.
Konstantine Tsakumis
Investor Relations
1-866-683-8030 ext. 232
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