CEV

Cap-Ex Iron Ore Ltd. (TSX VENTURE:CEV)(FRANKFURT:X0V)(OTCQX:CPXVF) ("Cap-Ex" or
the "Company") announces that it has entered into two additional non-exclusive
agreements to seek a strategic partner/investor for Cap-Ex's Block 103 project. 


The Company entered into an agreement with Intercedent Limited ("Intercedent").
Intercedent is a privately owned Canadian firm with offices in Beijing, Hong
Kong and Singapore. 


The Company also entered into an agreement with Pridolian Limited ("Pridolian").
Pridolian is a boutique natural resources advisory firm based in Dublin,
Ireland.


Both Intercedent and Pridolian (collectively, the "Finders") are to provide
services in finding an interested party or parties who wish to complete equity
financing, debt financing, off-take or acquisition agreements (collectively, a
"Transaction") with the Company. 


A fee will only be paid on a Transaction completed with a party that the
individual Finder has been retained to negotiate with and only if the
Transaction closes on or before 18 months of the Company terminating whichever
agreement the fee relates to. The Agreements, and any Transaction, may be
subject to acceptance for filing with the TSX-Venture Exchange. 


Graham Harris, CEO comments, "Through these agreements, we are establishing a
network that allows us to introduce Cap-Ex to some of the largest and most
strategic iron ore companies and investors worldwide. To date, we have received
over 60 expressions of interest from parties who are awaiting the release of our
preliminary economic assessment of the Block 103 project, expected shortly."


The Company also wishes to announce that it has entered into an agreement (the
"Agreement") with an arm's length party whereby it is settling a total of
$135,000 in debts and obligations in exchange for the issuance of 1,000,000
shares (the "Shares"). The Shares will carry a four month Exchange hold period
from their date of issue. The Agreement is subject to its filing with the
Exchange.


The Company also wishes to update investors and shareholders on the status of
its Exploration Agreement dated April 24, 2012 and first announced on May 25,
2012. The Company has met all outstanding cash and share issuance obligations
under the Exploration Agreement save and except that: (i) it anticipates issuing
200,000 shares concurrently with the 1,000,000 shares referred to above and (ii)
it still owes $25,000 which amount is to be paid April 24, 2014.


In total, the Company anticipates issuing 1,200,000 common shares pursuant to
the Exploration Agreement and the Agreement.


About Cap-Ex Iron Ore Ltd. 

Cap-Ex is a Canadian listed company, focused on the development of its wholly
owned Block 103 Iron Ore Property in the Labrador Trough, near the mining town
of Schefferville, Quebec. The Property is strategically located close to an
existing railway, which can provide a direct link to a shipping port, and is
adjacent to the Tata Steel-New Millennium Iron Corp LabMag and KeMag deposits
and the Tata Steel-New Millennium oxide deposits to the east. Block 103 contains
an initial (NI) 43-101 compliant inferred resource of 7.2 billion tonnes,
grading 29.2% total iron (18.9 magnetic iron).


Please visit the Company's website at www.cap-ex.ca.

CAP-EX IRON ORE LTD. 

On behalf of the Board

Graham Harris

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.


NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM
IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Cap-Ex Iron Ore Ltd.
Investor Relations
(604) 669-2279
info@cap-ex.ca
www.cap-ex.ca

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