Cap-Ex Ventures Ltd. (TSX VENTURE:CEV)(OTCQX:CPXVF)(FRANKFURT:X0V) ("Cap-Ex" or
the "Company") is pleased to announce four additional assay results from the
2011 diamond drilling on its wholly owned Block 103 iron property, which is
located 30 kilometres northwest of the mining town of Schefferville, Quebec. 


The four new drill assay results are located on the east limb of the Greenbush Zone:



--  DDH103-3 interval 204.2 metres at 30.9% total Fe from 5.2 metres, open
    at depth 
--  DDH103-18 interval 194.2 metres at 29.9% total Fe from 3.0 metres, open
    at depth 
--  DDH103-20 interval 128.0 metres at 30.3% total Fe from 17.4 metres, open
    at depth 
--  DDH103-34 interval 152.4 metres at 30.1% total Fe from 29.6 metres, open
    at depth
    (Refer to Table 1 attached, for all the new results) 



Spread over a strike length in excess of 6 kilometres, it is important to note
that all four drill holes ended in mineralization and consequently the
mineralization is open at depth. The drilling depth will be extended in the 2012
season to delineate the increase in average thickness of the magnetite
mineralization. (Refer to "Greenbush Zone Drill Hole Map" Figure 1 attached,
which can also be found at www.cap-ex.ca). 


To View Figure 1, please visit the following link:
http://media3.marketwire.com/docs/CEV126I.pdf. 


The Company expects to soon receive additional 2011 drill assay results from
Block 103's Greenbush Zone and Northwest Zone. 


Based on the currently available 2011 drill results and airborne geophysical
programs, the Company has made the following interpretations regarding the
Greenbush Zone:




--  The Greenbush Zone hosts strong magnetite mineralization that has been
    identified to cover an area of at least 20 square kilometres. This Zone
    features strong, coincident magnetic and gravimetric airborne anomalies,
    which show remarkable reliability as drilling targets. All 26 drill
    holes have encountered significant mineralization from 45 to 265 metres
    in thickness. 

--  The average length of the core intercepts of magnetite mineralization
    encountered in the 26 holes drilled in the Greenbush Zone is 122 metres.
    This number is based on assays from 21 holes and the visual estimation
    of magnetite content in the remaining holes. 

--  The average grade of the mineralization is 30.5% total Fe and the Davis
    Tube concentrate grades average 68.2% iron and 4.7% silica. 

--  The Company is using a Specific Gravity of 3.3, which is the same used
    for the surrounding magnetite deposits. 

--  In most holes, mineralization starts near surface and is open in all
    directions. 



Cap-Ex President and CEO, Mr Francois Laurin, comments, "We are very pleased
with these new assay results of the Greenbush Zone, they continue to show
strength in the mineralization and its average grade. These results reinforce
our decision to pursue an aggressive 2012 exploration drilling program in the
Block 103 iron property."




TABLE 1 - Greenbush Zone                                                    
----------------------------------------------------------------------------
TABLE WITH ASSAYS AND CORE INTERCEPTS                                       
----------------------------------------------------------------------------
Hole             From        To   Core interval     Total Fe  Mineralization
----------------------------------------------------------------------------
number             (m)       (m)             (m)          (%)               
----------------------------------------------------------------------------
DDH103-3          5.2     209.4           204.2         30.9  open at depth 
----------------------------------------------------------------------------
DDH103-18         3.0     197.2           194.2         29.9  open at depth 
----------------------------------------------------------------------------
DDH103-20        17.4     145.4           128.0         30.3  open at depth 
----------------------------------------------------------------------------
DDH103-34        29.6     182.0           152.4         30.1  open at depth 
----------------------------------------------------------------------------



The true widths of the reported core intervals are estimated to be between 90
and 100 percent of these intervals.


Quality Assurance/Quality Control 

The samples from drilling were processed and assayed by SGS Canada Lab based in
Lakefield, ON. The samples were assayed using XRF, Satmagan and Davis tube
techniques.


Alex Walus, PGeo., an employee of the Corporation and a qualified person
pursuant to National Instrument 43-101, has reviewed and approved the technical
and scientific information in this news release.


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

CAP-EX VENTURES LTD.  

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 future drilling
programs and budgets, expected mineralization, permitting and title issues, and
the interpretation of drill results. 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.
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