CEV

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Cap-Ex Ventures Ltd. ("Cap-Ex") (TSX VENTURE:CEV)(OTCQX:CPXVF)(FRANKFURT:XOV) is
pleased to announce that it has closed the second tranche of its non-brokered
private placement financing through the sale of 1,180,213 common shares on a
flow-through basis (the "Flow-Through Common Shares") at a price of $0.35 per
Flow-Through Common Share and 2,966,942 units (the "Units") at a price of $0.32
per Unit, for gross proceeds to Cap-Ex of approximately $1.36 million. Each Unit
is comprised of one common share and one-half of one common share purchase
warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder
to purchase one common share of Cap-Ex at an exercise price of $0.40 for a
period of 24 months from the date of issue. In the aggregate, the two tranches
of the non-brokered private placement have resulted in gross proceeds to Cap-Ex
of approximately $4.86 million.


Cap-Ex intends to use the proceeds from the sale for continued exploration of
Cap-Ex's wholly-owned Block 103 Project in western Labrador and for general
corporate purposes. The gross proceeds raised from the issuance of the
Flow-Through Shares will be used by Cap-Ex to incur "Canadian exploration
expenses" (within the meaning of the Income Tax Act (Canada)) on properties
located in Canada. Cap-Ex will renounce such expenses with an effective date of
no later than December 31, 2012. Proceeds will also be used to secure necessary
infrastructure for the next phase of the exploration program and to contribute
to the CN Rail feasibility study (see News Release dated August 10, 2012).


The Flow-Through Common Shares, the common shares comprising the Units, the
Warrants and any common shares issuable upon exercise of the Warrants are
subject to statutory resale restrictions until February 13, 2013. 


Cap-Ex will pay a finders' fee of 6% of the gross proceeds of subscriptions from
subscribers who were introduced to the private placement by certain persons who
are at arm's length to Cap-Ex as compensation for those persons introducing
subscribers to the private placement. Cap-Ex will also grant such finders
compensation warrants equal to 6% of the aggregate number of Flow-Through Common
Shares and Units purchased by the subscribers introduced to the private
placement by such finders. Each compensation warrant will be exercisable into
one common share at the price of $0.32 for a period of two years from the
closing date.


Cap-Ex Grants Options to Recently Appointed Officer

Following her appointment, Cap-Ex has granted Ms. Valery Zamuner, Chief Legal
Officer and Corporate Secretary, under the terms of its stock option plan,
options to purchase up to 150,000 common shares at a price of $0.40 per share.
The options vest over a two year period and have an expiry date of October 11,
2017.


About Cap-Ex Ventures Ltd.

Cap-Ex Ventures Ltd. is a Canadian listed company, focused on the development of
its Block 103 Iron Ore Project 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 the 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 www.cap-ex.ca. 

CAP-EX VENTURES LTD.

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 use of proceeds of the private placement. 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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