CEV

Cap-Ex Ventures Ltd. (TSX VENTURE:CEV)(OTCQX:CPXVF)(FRANKFURT:XOV) ("Cap-Ex" or
the "Company") is pleased to announce preliminary metallurgical results based on
analysis and interpretation by BBA Inc. of testwork available to date on the
100% owned Block 103 Iron Ore Project in the Labrador trough. These results are
based on the northern and eastern sectors of the deposit and are deemed to
reasonably represent the first thirty years of operation according to the mine
development plan envisioned at this time. These results will be further updated
with the filing of the NI 43-101 compliant Preliminary Economic Analysis (PEA),
which is planned for end of June 2013. Furthermore, preliminary metallurgical
results for the western portion of the deposit will also be presented in the
aforementioned filing. 


The Block 103 deposit is composed predominantly of magnetite and a process
flowsheet based on progressive particle size reduction and magnetic separation,
which is conventional and proven for this type of mineralization, is being
developed. Based on laboratory test results, metallurgical performance for the
operation has been projected as follows:




----------------------------------------
Magnetite Recovery                 93.7%
----------------------------------------
Concentrate Iron Grade             70.0%
----------------------------------------
Concentrate Silica Grade            3.4%
----------------------------------------
Concentrate Liberation                75
 Size P100                    micrometre
----------------------------------------
Ore Hardness                            
  SMC (Axb)                           37
  BWi (kWh/t at p80-32um)           15.5
----------------------------------------



These aforementioned results are in line with similar deposits in the region.

Results to date suggest that the concentrate that will be produced and that will
feed the pelletizing plant will have the following chemical composition:




---------------------------------------------------------------------------
Fe      SiO2  Al2O3    MgO    CaO   Na2O    K2O     Ti     Mn      P     Cr
---------------------------------------------------------------------------
70%    3.40%  0.08%  0.10%  0.11%  0.07%  0.01%  0.02% 0.046% 0.006%  0.02%
---------------------------------------------------------------------------



"We are very pleased with these preliminary metallurgical results as they
clearly demonstrate the viability of the product that should be produced from
the Block 103 Project," says Francois Laurin, President and CEO of Cap-Ex. "We
look forward to including these results into our upcoming PEA, which we expect
to have completed by the end of June 2013."


Metallurgical Testwork

The testwork was performed over a range of particle sizes and included dry and
wet Low Intensity Magnetic Separation (LIMS) bench tests and Davis Tube (DT)
tests. Composite samples representing the northern and eastern sectors of the
deposit were prepared from 78 drill core samples obtained from 22 drill holes.
The testwork was performed by COREM in Quebec City, Quebec and by SGS Mineral
Services in Lakefield, Ontario, both independent laboratories.


Stock Option Grant

Cap-Ex announces that it has granted Mr. Francois Laurin, Mr. Brian Penney and
Mr. Paul Bozoki, under the terms of its stock option plan, options to purchase
an aggregate of 625,000 common shares of Cap-Ex at an exercise price of $0.41
per share. The options are subject to vesting over a two year period and have an
expiry date of February 5, 2018.


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
an existing railway, which can provide a direct link to a shipping port, and is
adjacent to 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 expected timing for completion of an NI 43-101 mineral resource estimate
and a preliminary economic assessment. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Cap-Ex Ventures Ltd.
Konstantine Tsakumis
Investor Relations
1-866-683-8030 ext. 232
info@cap-ex.ca
www.cap-ex.ca

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