Cap-Ex Ventures Ltd. is a Canadian listed iron ore company with significant landholding in the Labrador Trough, near the mining town of Schefferville, Quebec. The company is focused on the development of its wholly owned Block 103 property.

Block 103 is strategically located near existing infrastructure and surrounded by two multi-billion tonne iron ore deposits. Based on 2011 drilling and geophysics Block 103's "Greenbush Zone" has a near surface interpreted iron ore mineralization area of over 20 square kilometres, up to 260 metres thick, with average grade of 30% iron.

Discovered during the 2011 drilling campaign, the "Northwest Zone" is Block 103's second mostly near surface iron ore mineralisation having over 5kms of strike with similar iron grades and averaging 100 metres in thickness.

The 2012 exploration program has been designed to include a minimum of 15,000 metres of diamond drilling and additional surface sampling, focused primarily on the continued investigation and definition of mineralization in the Greenbush Zone. To date, Cap-Ex has completed approximately 2,700 metres of drilling in 11 holes on a single, 2,050 metre long drill line trending northeast/southwest, oriented perpendicular to the Greenbush Zone. Mineralized intersections for these holes range from 96 to 317 metres. Four diamond rigs are currently drilling the second of five planned drill lines. This second drill line is approximately 2,000 metres long and is located 600 metres south of and parallel to the first drill line.

The results of the 2012 program will be used to complete an NI 43-101-compliant resource estimate which is currently planned to be released by the end of 2012, followed by a preliminary economic assessment, planned to be released by Q1 2013. Cap-Ex recently selected BBA to complete the Preliminary Economic Analysis of Block 103.

Plan Nord

The Quebec government recently announced the $80 billion "Plan Nord" infrastructure development project which includes a northern land link through the Labrador Trough and rail lines which will pass within close proximity to Lac Connelly (refer to Quebec government website "http://www.plannord.gouv.qc.ca/english/financial/fonds.asp").

Cap-Ex is listed on the TSX Venture Exchange under the symbol CEV, the OTCQX under the symbol CPXFV and on the Frankfurt exchange under the symbol X0V.