Cap-Ex Ventures Ltd (TSX VENTURE:CEV) ("Cap-Ex" or the "Company") is pleased to
announce assay results for four additional drill holes 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 holes are located midway within the Greenbush Zone:



----------------------------------------------------------------------------
                    TABLE WITH ASSAYS AND CORE INTERCEPTS                   
----------------------------------------------------------------------------
                                            Core                            
Hole                From          To    interval   Total Fe   Mineralization
----------------------------------------------------------------------------
number               (m)         (m)         (m)        (%)                 
----------------------------------------------------------------------------
DDH103-44            2.1       261.2       259.1       28.3 Folded          
------------------------------------------------------------                
including            2.1       153.6       151.5       28.0                 
------------------------------------------------------------                
including          160.0       261.2       101.2       29.5                 
----------------------------------------------------------------------------
DDH103-45            3.1       163.7       160.6       29.3 Open at depth   
----------------------------------------------------------------------------
DDH103-43           37.5       178.9       141.4       28.3 Open at depth   
----------------------------------------------------------------------------
DDH103-39            2.1       194.2       192.1       28.5                 
----------------------------------------------------------------------------



The true widths of the reported core intervals are estimated to be between 90
and 100 percent of these intervals. (Refer Figure 1: Greenbush Zone Map, which
can also be found at www.cap-ex.ca). 


These four holes are spread over a strike length of 5.3 kilometres. Holes
DDH103-45 and DDH103-43 both ended in mineralisation and are open at depth. 


Hole DDH103-44 intersected 151.5m at 28.3% total Fe from 2.1m, then exits the
iron horizon for 6.4m, and re-enters a second iron horizon at 160m to 261.2m at
29.5% total Fe. This lower iron horizon sequence appears overturned, indicating
folding, which effectively thickens the iron mineralization. 


The entire Greenbush Zone is located within the western edge of the
Schefferville Lithotectonic Zone ("SLZ") in a thrust-faulted contact with the
Tamarack Lithotectonic Zone ("TLZ"). These two lithotectonic zones are separated
by the Stakit River Fault, which runs parallel with Kivivic Lake. Kivivic Lake
strikes northwest to southeast through Block 103, with the Greenbush Zone to the
east and the Northwest Zone to the west.


The Greenbush Zone is located in the SLZ, which the Company believes has been
thickened due to faulting and folding. The Company believes the Greenbush Zone
exhibits upside in terms of iron ore mineralization because of the potential
thickening and repetition due to faulting and folding. 


The Northwest Zone, like the LabMag and KeMag deposits west and north of
Cap-Ex's property, is in the TLZ. It is almost flat lying and has an average
thickness of less than 100m. 


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 259 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 25 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 based on
    routine samples. Metallurgical testwork has not yet been conducted. 

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



Cap-Ex President and CEO, Mr Francois Laurin comments, "These results complete
and reinforce the previously published assay results from the 2011 drilling
program. We believe this bodes well for the upcoming 2012 aggressive drilling
program which is expected to culminate with our inferred resource estimate for
Block 103 by the end of calendar 2012." 


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.


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
existing railway to shipping port, and is adjacent to New Millennium Iron Corp's
LabMag and KeMag deposits and the New Millenium-Tata oxide deposits to the east.


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 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.


To view Figure 1: Greenbush Zone Map, please visit the following link:

http://media3.marketwire.com/docs/772168.pdf
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