Cap-Ex Extends Zone of Mineralization 450 Metres to the North

Cap-Ex Extends Zone of Mineralization 450 Metres to the North 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/28/12 -- Cap-Ex
Ventures Ltd. (TSX VENTURE:CEV)(FRANKFURT:XOV)(OTCQX:CPXVF) ("Cap-Ex"
or the "Company") is pleased to announce that assay results have been
received from the sixth and most northern drill line (Section 10480N)
on the Block 103 Property located in Western Labrador. All eight
holes intersected iron mineralization with six of the eight holes
ending in iron mineralization. Intervals ranged up to 201 metres in
thickness with total iron content ranging from 27.3% to 34.7%. This
sixth drill line trends northeast/southwest and is located parallel
to and approximately 450 metres north of the first drill line
(Section 10000N). Additional assays are pending. 
Highlights of assay results from the sixth drill line include: 


 
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Hole                                From          To      Length    Total Fe
Number                               (m)         (m)         (m)         (%)
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DDH103-111                          24.1        30.2         6.1        32.2
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and                                 82.0       264.9       182.9        29.1
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including                          222.2       264.9        42.7        31.1
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DDH103-113(i)                       18.0        24.1         6.1        34.7
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and                                 78.9       146.0        67.1        31.6
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including                           97.2       127.7        30.5        32.4
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and                                170.4       191.7        21.3        32.9
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and                                280.1       353.3        73.2        28.5
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including                          280.1       310.6        30.5        30.6
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DDH103-114(i)                        1.5        48.5        46.9        31.3
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and                                182.6       341.1       158.5        28.5
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including                          246.6       277.1        30.5        32.4
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DDH103-115(i)                        2.7        84.2        81.4        29.1
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including                            2.7        37.7        34.9        30.6
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and                                139.9       317.6       177.7        28.9
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DDH103-137(i)                       11.9       213.1       201.2        29.2
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including                           27.1        57.0        29.9        33.1
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and                                286.2       325.8        39.6        30.3
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DDH103-138(i)                        5.5        75.6        70.1        29.0
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and                                206.7       319.4       112.8        28.6
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and                                334.7       343.8         9.1        28.4
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DDH103-139(i)                        5.8        14.9         9.2        33.1
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and                                 82.0       119.5        37.6        29.4
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including                          103.3       118.6        15.2        31.8
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and                                170.4       342.3       171.9        28.2
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DDH103-140                          14.9        72.3        57.4        30.9
----------------------------------------------------------------------------
and                                106.4       194.0        87.6        27.3
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and                                212.1       319.7       107.6        28.4
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including                          271.0       307.6        36.6        30.4
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and                                338.0       365.5        27.5        28.4
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and                                395.9       420.1        24.2        27.8
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(i)  ended in iron mineralization                                           

 
Location maps and cross sections are posted on the Cap-Ex website at:
www.cap-ex.ca/projects/block-103. 
"It's great to see Block 103 continue to develop with such positive
results," says Francois Laurin, President and CEO of Cap-Ex. "We have
now shifted our focus to the north and not only have the results
continued to demonstrate consistent thickness and grade, we continue
to have multiple holes ending in mineralization." 
Cap-Ex is 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
75% 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
www.cap-ex.ca.  
CAP-EX VENTURES LTD. 
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. 
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. 
Contacts:
Cap-Ex Ventures Ltd.
Konstantine Tsakumis
Investor Relations
1-866-683-8030 ext. 232
info@cap-ex.ca
www.cap-ex.ca
 
 
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