Cap-Ex Iron Ore Ltd - 2014 News Releases

Cap-Ex Commences Ground Gravity Survey on Block 103 Priority DSO Targets

Tue, 28 Oct 2014 12:37:31 -0700

Cap-Ex Iron Ore Ltd (TSX-V: CEV) (“Cap-Ex” or the “Company”) has been notified by Tata Steel Minerals Canada Ltd. (TSMC) that the initial phase of a detailed ground gravity and magnetometer survey on the Block 103 Property has commenced. Based on reinterpretations of the 2011 Airborne Gravity and Magnetometer survey (see news release June 15, 2011), geophysical consultant, Jean Hubert, has identified over 20 separate DSO type anomalies for immediate detailed follow-up on the Block 103 property.

A Quebec-based geophysical consulting firm has been selected to carry out a series of ground gravity and magnetometer surveys, initial phase totaling 15 line-kilometers, over several main targets. The ground gravity survey will validate the location and extent of the airborne gravity anomalies that have not been tested to date and select targets for further exploration.

Graham Harris, the CEO of Cap-Ex, comments “We now have over 20 prospective targets giving the potential to identify DSO resources on the Block 103 property. We look forward to working with TSMC to delineate their potential.”

Cap-Ex is also pleased to announce that it has closed the first tranche (the “First Tranche”) of its private placement financing (the “Private Placement”) first announced on October 8, 2014. The First Tranche was comprised of 9,450,000 non flow-through units (the “Units”) for total gross proceeds of $472,500. The Company intends to use the proceeds of the Private Placement for further exploration and development and for general working capital purposes.

Each Unit was comprised of one common share (the “Shares”) and one share purchase warrant (the “Warrants”) exercisable for a period of two years at an exercise price of $0.05 per share. Each Unit was sold for $0.05 per Unit. The Shares and Warrants are subject to a statutory hold period and therefore cannot be traded or resold prior to February 28, 2015.

ABOUT CAP-EX IRON ORE LTD.

Cap-Ex Iron Ore 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 existing railway to shipping port, and is adjacent the New Millennium-Tata oxide deposits to the east.

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 IRON ORE LTD.

“Graham Harris "

Graham Harris

President & 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 budgets and permitting. 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.

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Cap-Ex Signs Road Access and DSO Exploration Agreement for Block 103

Wed, 08 Oct 2014 12:05:48 -0700

October 8th, 2014

Vancouver, British Columbia − Cap-Ex Iron Ore Ltd. (TSX-V: CEV) (“Cap-Ex” or the “Company”) has signed an agreement (the “Agreement”) with Tata Steel Minerals Canada Ltd (“TSMC”) in respect of roadway access and DSO exploration over the Company's wholly-owned Block 103 property in western Labrador. Under the terms of the Agreement, the Company has agreed to assist TSMC in obtaining surface rights for a roadway through Block 103 to connect adjoining properties of TSMC. TSMC shall be solely responsible for all work, costs and expenses required to build the roadway and for continued use of the roadway, including maintenance.

In return TSMC has agreed to pay the Company $250k cash and conduct an initial $550k DSO exploration program on Block 103. The exploration program, to be determined by TSMC, will include gravity testing and pit testing of geophysical anomalies previously identified by Cap-Ex and TSMC geologists. The program is to be completed by September 30, 2015 during which period Cap-Ex has granted TSMC exclusivity in regards to exploring DSO prospects on Block 103. Target Map

At any time prior to September 30, 2015, TSMC has the right to advise Cap-Ex that it wishes to enter into a joint venture agreement regarding the DSO potential of Block 103 in which event both parties agree to negotiate in good faith for a period of 90 days. If at any time TSMC decides it does not to continue with the exploration program, or both parties cannot agree on a joint venture agreement, TSMC will pay an additional $200k cash to Cap-Ex in full satisfaction of its exploration commitment under the Agreement.

Graham Harris, CEO states “to date the Company's focus has been on developing the PEA of the 7.8 Billion tonne Magnetite deposit on Block 103. Over the next 12 months we look forward to working closely with our neighbour, TSMC, to explore the DSO potential of Block 103.” (see the Company's news release dated June 27, 2013 for details of the PEA).

The Company also announces the granting, subject to regulatory acceptance, of 1,280,000 incentive stock options to certain officers, directors, consultants and employees of the Company. The options have a term of five years and are exercisable at a price of $0.05 cents per share.

The Company is also seeking to undertake a private placement of up to 15 million units (the "Units") at a price of $0.05 per Unit for gross proceeds of up to $750,000, each Unit consisting of one share and one full warrant to purchase an additional share at a price of $0.05 for a period of 2 years. The net proceeds of the private placement will be used for general working capital and project development. It is expected that certain insiders of the Company will participate in the financing and, subject to applicable securities legislation, other qualified investors are invited to subscribe for Units. For further details regarding the financing, please contact the Company directly by emailing [email protected] or calling (604) 669-2279.

About Cap-Ex Iron Ore Ltd.

Cap-Ex Iron Ore Ltd. is a Canadian listed company, focused on the development of its wholly owned Block 103 Iron Ore Project in the Labrador Trough, near the mining town of Schefferville, Québec. The Block 103 property is strategically located close to an existing railway that can provide a direct link to a shipping port and is adjacent to Tata Steel-New Millennium Iron Corp. LabMag and KeMag deposits and the Tata-New Millennium oxide deposits to the east.

For additional information please visit the Company’s website at www.cap-ex.ca.

CAP-EX IRON ORE LTD.

On behalf of the Board

“Graham Harris”

CEO and Director

For Investor Relations, please contact:

604-669-2279

[email protected]

www.cap-ex.ca

Cautionary Note Regarding Forward-looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. 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. Specifically, there are no assurances that the Company will be successful in completing the proposed private placement in whole or in part. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information in this news release is qualified by these cautionary statements and the additional cautionary statements and risk factors contained in our continuous disclosure filings available on SEDAR at www.sedar.com. Forward-looking information contained in this news release is made as of the date hereof and the Company does not assume any obligation to update or revise such information to reflect new events or circumstances save as required under applicable securities legislation.

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Cap-Ex Re-Prices Stock Options

Tue, 10 Jun 2014 18:34:00 -0700

June 10, 2014

Cap-Ex Iron Ore Ltd (TSX-V: CEV) (“Cap-Ex” or the “Company”) announces that it has agreed, subject to the acceptance of the TSX Venture Exchange (the "Exchange"), to reduce the exercise price of existing stock options to purchase up to a total of 5,140,000 common shares of the Company (the "Existing Options"), of which 4,100,000 Existing Options are held by insiders of the Company.

The Existing Options are currently exercisable at prices ranging from $0.125 per share to $0.41 per share and expire from October 19, 2015 to June 4, 2018. After taking into account the Company's proposed 4 to 1 share consolidation announced May 12, 2014, the holders of Existing Options will be entitled to purchase, in the aggregate, up to 1,285,000 post-consolidated shares of the Company at a reduced exercise price of $0.08 per share, being 4 times the closing price of the Company's shares on June 9, 2014.

Under the policies of the Exchange, the reduction in the exercise price of Existing Options held by insiders of the Company is subject to disinterested shareholder approval, which approval will be sought at the Company's special meeting of shareholders to be held on July 9, 2014.

About Cap-Ex Iron Ore Ltd.

Cap-Ex Iron Ore Ltd. is a Canadian listed company, focused on the development of its wholly owned Block 103 Iron Ore Project in the Labrador Trough, near the mining town of Schefferville, Québec. The Block 103 property is strategically located close to an existing railway that can provide a direct link to a shipping port and is adjacent to Tata Steel-New Millenium Iron Corp. LabMag and KeMag deposits and the Tata-New Millennium oxide deposits to the east.

For additional information please visit the Company’s website at www.cap-ex.ca.

CAP-EX IRON ORE LTD.
On behalf of the Board
“Graham Harris”
CEO and Director

For Investor Relations, please contact:
604-669-2279
[email protected]
www.cap-ex.ca

Cautionary Note Regarding Forward-looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. 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. Specifically, the reduction in the exercise price of stock options previously granted to insiders of the Company is subject to disinterested shareholder approval and the acceptance of the TSX Venture Exchange. There are no assurances that such approval and acceptance will be obtained in a timely manner or at all. 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.

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Cap-Ex to Consolidate Share Capital, Continue to British Columbia and Settle Certain Debt

Mon, 12 May 2014 18:02:46 -0700

May 12, 2014

Cap-Ex Iron Ore Ltd (TSX-V: CEV) (“Cap-Ex” or the “Company”) announces that its Board of Directors has called a special meeting of shareholders for July 9, 2014 to authorize, by way of special resolution, a 1 for 4 consolidation (the "Consolidation") of the Company's share capital and the continuation of the Company to British Columbia (the "Continuance"). As of the date hereof, there are 97,767,986 common shares of the Company outstanding, of which 24,441,996 shares will be issued immediately following the Consolidation.

The Consolidation and Continuance are also subject to the acceptance of the Exchange. The Company does not intend to implement a name change in conjunction with the Consolidation and does not intend to change its symbol unless required by the Exchange. The Company's Board of Directors is of the opinion that the Consolidation would leave it better positioned to raise equity financing in the future and the Continuance will facilitate the administration of the Company's corporate records following the return of the Company's head office to Vancouver, B.C. last year.

In addition, Cap-Ex has agreed to a debt settlement with a non-arm's-length company controlled by certain directors and officers of the Company pursuant to which Cap-Ex will issue, subject to the acceptance of the Exchange, an aggregate of 10,000,000 pre-consolidated common shares (2,500,000 post-consolidated shares) at a deemed price of $0.025 per pre-consolidated share ($0.10 per post-consolidated share) in settlement of outstanding indebtedness totaling $250,000 in respect of certain drilling and exploration services provided to the Company in 2013 (the "Debt Settlement"). The Company has determined to satisfy this outstanding indebtedness with shares in order to preserve its cash for operations.

The Debt Settlement is subject to Exchange acceptance and all shares issued pursuant to the settlement will be subject to a four-month hold period.

Jasvir Kaloti, has resigned as Corporate Secretary. Management of Cap-Ex thanks Ms. Kaloti for her many years of service and wishes her well in her future endeavors. Martin Burian, CFO of Cap-Ex., was appointed as Corporate Secretary.

About Cap-Ex Iron Ore Ltd.

Cap-Ex Iron Ore Ltd. is a Canadian listed company, focused on the development of its wholly owned Block 103 Iron Ore Project in the Labrador Trough, near the mining town of Schefferville, Québec. The Block 103 property is strategically located close to an existing railway that can provide a direct link to a shipping port and is adjacent to Tata Steel-New Millenium Iron Corp. LabMag and KeMag deposits and the Tata-New Millennium oxide deposits to the east.

For additional information please visit the Company’s website at www.cap-ex.ca.

CAP-EX IRON ORE LTD.
On behalf of the Board
“Graham Harris”
CEO and Director

For Investor Relations, please contact:
604-669-2279
[email protected]
www.cap-ex.ca

Cautionary Note Regarding Forward-looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. 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. Specifically, the Consolidation and Continuance are subject to shareholder approval by way of special resolution. In addition, the Consolidation, the Continuance and the Debt Settlement are subject to the acceptance of the Exchange. There are no assurances that such approvals and acceptances will be obtained in a timely manner or at all. 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.

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