CEV

Cap-Ex Iron Ore Ltd. (TSX VENTURE:CEV)(FRANKFURT:XOV)(OTCQX:CPXVF) ("Cap-Ex" or
the "Company") announces changes to its senior officers effective May 31, 2013. 



Graham Harris has been appointed CEO of the Company. Mr. Harris is one of the
founding Directors of Cap-Ex.  


Brett Matich has been re-appointed President of the Company. Mr. Matich joined
the board in 2011. As President and CEO during 2011, Mr. Matich directed the
exploration and drilling programs on the Block 103 iron ore property, which led
to the discovery of the Greenbush and the Northwest Zones.  


Francois Laurin has resigned as President and CEO but remains a director of the
Company. From his appointment as President and CEO in December, 2011 until May
31, 2013, the Company significantly advanced its properties in Newfoundland and
Labrador and prepared an initial resource estimate on its Block 103 iron ore
property.  


As disclosed in its news release of February 4, 2013, Block 103 contains an
initial (NI) 43-101 compliant inferred resource of 7.2 billion tones, grading
29.2 % total iron (18.9 magnetic iron). A Preliminary Economic Assessment is
expected to be released in June 2013. 


The changes to the Company's senior officers are a part of the Company's plan to
move head office operations back to Vancouver as discussed in the Company's news
release of May 2, 2013.


About Cap-Ex Iron Ore Ltd.

Cap-Ex Iron Ore 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 IRON ORE LTD. 

On behalf of the Board

Brett Matich, President

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: 
Investor Relations
(604) 669-2279
info@cap-ex.ca
www.cap-ex.ca

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