Cap-Ex Ventures Ltd.: Preliminary Metallurgical Testwork Results Indicate Marketable Pellet Feed Product From Block 103 Project

Cap-Ex Ventures Ltd.: Preliminary Metallurgical Testwork Results Indicate 
Marketable Pellet Feed Product From Block 103 Project 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/26/13 -- Cap-Ex
or the "Company") is pleased to announce preliminary metallurgical
results based on analysis and interpretation by BBA Inc. of testwork
available to date on the 100% owned Block 103 Iron Ore Project in the
Labrador trough. These results are based on the northern and eastern
sectors of the deposit and are deemed to reasonably represent the
first thirty years of operation according to the mine development
plan envisioned at this time. These results will be further updated
with the filing of the NI 43-101 compliant Preliminary Economic
Analysis (PEA), which is planned for end of June 2013. Furthermore,
preliminary metallurgical results for the western portion of the
deposit will also be presented in the aforementioned filing.  
The Block 103 deposit is composed predominantly of magnetite and a
process flowsheet based on progressive particle size reduction and
magnetic separation, which is conventional and proven for this type
of mineralization, is being developed. Based on laboratory test
results, metallurgical performance for the operation has been
projected as follows: 

Magnetite Recovery                 93.7%
Concentrate Iron Grade             70.0%
Concentrate Silica Grade            3.4%
Concentrate Liberation                75
 Size P100                    micrometre
Ore Hardness                            
  SMC (Axb)                           37
  BWi (kWh/t at p80-32um)           15.5

These aforementioned results are in line with similar deposits in the
Results to date suggest that the concentrate that will be produced
and that will feed the pelletizing plant will have the following
chemical composition: 

Fe      SiO2  Al2O3    MgO    CaO
   Na2O    K2O     Ti     Mn      P     Cr
70%    3.40%  0.08%  0.10%  0.11%  0.07%  0.01%  0.02% 0.046% 0.006%  0.02%

"We are very pleased with these preliminary metallurgical results as
they clearly demonstrate the viability of the product that should be
produced from the Block 103 Project," says Francois Laurin, President
and CEO of Cap-Ex. "We look forward to including these results into
our upcoming PEA, which we expect to have completed by the end of
June 2013." 
Metallurgical Testwork 
The testwork was performed over a range of particle sizes and
included dry and wet Low Intensity Magnetic Separation (LIMS) bench
tests and Davis Tube (DT) tests. Composite samples representing the
northern and eastern sectors of the deposit were prepared from 78
drill core samples obtained from 22 drill holes. The testwork was
performed by COREM in Quebec City, Quebec and by SGS Mineral Services
in Lakefield, Ontario, both independent laboratories. 
Stock Option Grant 
Cap-Ex announces that it has granted Mr. Francois Laurin, Mr. Brian
Penney and Mr. Paul Bozoki, under the terms of its stock option plan,
options to purchase an aggregate of 625,000 common shares of Cap-Ex
at an exercise price of $0.41 per share. The options are subject to
vesting over a two year period and have an expiry date of February 5,
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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