CEV

Cap-Ex Ventures Ltd. (TSX VENTURE:CEV)(FRANKFURT:XOV)(OTCQX:CPXVF) ("Cap-Ex" or
the "Company") is pleased to announce the appointment of Mr. Gary Norris to the
Board of Directors effective immediately.


Mr. Norris has spent over 30 years working for the Newfoundland and Labrador
Government including as the Clerk of the Executive Council and Secretary to
Cabinet. Mr. Norris has also held a number of other senior Executive positions,
including Assistant Deputy Minister of Environment and Deputy Minister of
Intergovernment Affairs Secretariat. He is the current Executive Vice President
Government & Community Affairs for Alderon Iron Ore Corp., a leading iron ore
development company also located within the Labrador Trough. Mr. Norris will
help guide Cap-Ex through the development of its 100% owned Block 103 Iron Ore
Project and will provide advice with respect to liaising with local, provincial
and federal Governments. Mr. Norris holds a Bachelor of Arts degree in Political
Science and Economics from Memorial University of Newfoundland. 


"Gary will be an invaluable resource for us as we continue developing our Block
103 Project," says Francois Laurin, President and CEO of Cap-Ex. "His knowledge
garnered from his days in the Provincial Government and from working with
Alderon is unsurpassed and I'm very excited to have him join our team."


Cap-Ex has granted Mr. Norris, under the terms of its stock option plan, options
to purchase up to 150,000 common shares at a price of $0.27. The options are
subject to vesting over a two year period and have an expiry date of February
28, 2018.


Cap-Ex is also pleased to announce that its name has changed to Cap-Ex Iron Ore
Ltd. Cap-Ex has renamed itself to properly reflect its focus on the development
of its Block 103 Iron Ore Project. Cap-Ex also announces that it has changed its
registered office to its St. John's office in Newfoundland, Canada. The
registered office is now Suite 201, Baine Johnson Centre, 10 Fort William Place,
St. John's, NL, Canada, A1C 1K4.


About Cap-Ex 

Cap-Ex 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 IRON ORE 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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