Cap-Ex Intersects 251 Metres of 30% Iron

Cap-Ex Intersects 251 Metres of 30% Iron 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/21/12 -- Cap-Ex
or the "Company") is pleased to announce that additional assay
results have been received from the fourth and fifth drill lines,
8200N and 7600N respectively. All six holes intersected iron
mineralization with three of the six holes ending in iron
mineralization. Intervals ranged up to 251 metres in thickness with
total iron content ranging from 27.8% to 34.3%. Both drill lines
trend northeast/southwest and are located parallel to and south of
the third drill line (Section 8800N). Additional assays are pending. 
Cap-Ex is also pleased to announce the completion of its 2012 drill
program within the Greenbush Zone, located on its wholly-owned Block
103 Property in western Labrador. A total of 22,300 metres in 72
holes was drilled this year.  
Highlights of assay results from the fourth and fifth drill lines

                       From          To      Length    Total Fe
Hole Number             (m)         (m)         (m)         (%)
DDH103-064              0.6       251.3       250.7        29.7
including              17.7        42.1        24.4        40.4
including              75.6       123.3        47.7        33.9
DDH103-065              1.5         8.8         7.3        34.3
and                    30.2        97.2        67.1        28.7
and                   146.0       258.8       112.8        29.4
including             185.6       207.0        21.3        31.6
DDH103-066(i)           2.1       121.9       119.8        31.1
ing              54.5        83.6        29.1        32.6
and                   158.2       271.0       112.8        29.2
including             185.1       225.3        40.2        30.8
including             252.7       268.8        16.1        33.4
DDH103-088(i)           1.5       115.5       114.0        28.5
and                   139.9       158.2        18.3        29.3
and                   191.7       216.1        24.4        30.1
and                   255.7       335.7        79.9        31.0
DDH103-089(i)          23.8       221.0       197.2        27.8
including             100.0       128.0        28.0        31.5
and                   301.1       353.0        51.8        29.9
DDH103-090              1.5        99.7        98.2        28.6
including              27.4        32.9         5.5        36.8
(i) ended in iron mineralization                                            

Location maps and cross sections are posted on the Cap-Ex website at: 
"This year's program was a huge success," says Francois Laurin,
President and CEO of Cap-Ex. "We have now intersected mineralization
over a strike length of approximately 4,000 metres and a width of up
to 2,300 metres, with mineralization open not only to the north and
south, but to depth as well. This latest set of assay results, from
our two most southern drill lines, have continued to exhibit
impressive thickness and grade and I expect the same will be true as
we now shift our focus to the north." 
Cap-Ex is now evaluating the results from the 2012 drill program in
order to plan and budget the next phase of drilling. An initial
resource estimate is expected in Q1 2013 with a Preliminary Economic
Assessment expected shortly thereafter. 
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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