Cap-Ex Intersects 251 Metres of 30% Iron

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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 21, 2012) - Cap-Ex Ventures Ltd. (TSX VENTURE:CEV)(OTCQX:CPXVF)(FRANKFURT:XOV) ("Cap-Ex" or the "Company") is pleased to announce that additional assay results have been received from the fourth and fifth drill lines, 8200N and 7600N respectively. All six holes intersected iron mineralization with three of the six holes ending in iron mineralization. Intervals ranged up to 251 metres in thickness with total iron content ranging from 27.8% to 34.3%. Both drill lines trend northeast/southwest and are located parallel to and south of the third drill line (Section 8800N). Additional assays are pending.

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Cap-Ex is also pleased to announce the completion of its 2012 drill program within the Greenbush Zone, located on its wholly-owned Block 103 Property in western Labrador. A total of 22,300 metres in 72 holes was drilled this year.
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Highlights of assay results from the fourth and fifth drill lines include:

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---------------------------------------------------------------                       From          To      Length    Total FeHole Number             (m)         (m)         (m)         (%)---------------------------------------------------------------DDH103-064              0.6       251.3       250.7        29.7---------------------------------------------------------------including              17.7        42.1        24.4        40.4---------------------------------------------------------------including              75.6       123.3        47.7        33.9---------------------------------------------------------------DDH103-065              1.5         8.8         7.3        34.3---------------------------------------------------------------and                    30.2        97.2        67.1        28.7---------------------------------------------------------------and                   146.0       258.8       112.8        29.4---------------------------------------------------------------including             185.6       207.0        21.3        31.6---------------------------------------------------------------DDH103-066(i)           2.1       121.9       119.8        31.1---------------------------------------------------------------including              54.5        83.6        29.1        32.6---------------------------------------------------------------and                   158.2       271.0       112.8        29.2---------------------------------------------------------------including             185.1       225.3        40.2        30.8---------------------------------------------------------------including             252.7       268.8        16.1        33.4---------------------------------------------------------------DDH103-088(i)           1.5       115.5       114.0        28.5---------------------------------------------------------------and                   139.9       158.2        18.3        29.3---------------------------------------------------------------and                   191.7       216.1        24.4        30.1---------------------------------------------------------------and                   255.7       335.7        79.9        31.0---------------------------------------------------------------DDH103-089(i)          23.8       221.0       197.2        27.8---------------------------------------------------------------including             100.0       128.0        28.0        31.5---------------------------------------------------------------and                   301.1       353.0        51.8        29.9---------------------------------------------------------------DDH103-090              1.5        99.7        98.2        28.6---------------------------------------------------------------including              27.4        32.9         5.5        36.8---------------------------------------------------------------(i) ended in iron mineralization                                            

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Location maps and cross sections are posted on the Cap-Ex website at: http://www.cap-ex.ca/projects/block-103

"This year's program was a huge success," says Francois Laurin, President and CEO of Cap-Ex. "We have now intersected mineralization over a strike length of approximately 4,000 metres and a width of up to 2,300 metres, with mineralization open not only to the north and south, but to depth as well. This latest set of assay results, from our two most southern drill lines, have continued to exhibit impressive thickness and grade and I expect the same will be true as we now shift our focus to the north."

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Cap-Ex is now evaluating the results from the 2012 drill program in order to plan and budget the next phase of drilling. An initial resource estimate is expected in Q1 2013 with a Preliminary Economic Assessment expected shortly thereafter.

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True widths of the reported intercepts above vary depending on the angle of the individual drill holes and are estimated to be between 70% and 100% of the core interval as reported. All samples were prepared from split BTW-sized half-core sections on-site in Labrador. Split drill core samples have been sent to independent contractor Acme Analytical Laboratories in Vancouver, BC for analyses. Total iron analysis is performed using X-ray fluorescence (XRF) and the magnetic component is determined by Satmagan magnetic analysis. FeO titration analysis permits an estimation of hematite. Standards, blanks, and duplicate assays are included at regular intervals in each sample batch submitted from the field as part of an ongoing Quality Assurance/Quality Control program.

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Qualified Person

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Edward Lyons, P. Geo., a consultant to the Company and a Qualified Person as defined by NI 43-101, has reviewed and approved the technical information contained in this news release. Mr. Lyons has verified the data disclosed in this news release, including sampling, analytical and test data underlying the information disclosed in this news release. Mr. Lyons has verified that the results were accurate from the official assay certificates provided to Cap-Ex.

About CAP-EX Ventures Ltd.

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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.

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For additional information please visit the Company's website at www.cap-ex.ca.

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CAP-EX VENTURES LTD.

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On behalf of the Board

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Francois Laurin, President and CEO

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