Cap-Ex Announces Non-Brokered Private Placement

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES 


Cap-Ex Ventures Ltd. (TSX VENTURE:CEV)(FRANKFURT:X0V)(OTCQX:CPXVF) ("Cap-Ex" or
the "Company") announces that it is undertaking a non-brokered private placement
financing of up to 10,000,000 common shares to be issued on a flow-through basis
(the "Offered Shares") at a price of $0.35 per Offered Share and up to 3,125,000
units (the "Units") at a price of $0.32 per Unit, for aggregate gross proceeds
of up to $4.5 million (the "Offering"). Each Unit will be comprised of one
common share and one-half of one common share purchase warrant (a "Warrant").
Each Warrant will entitle the holder to purchase one common share of the Company
at an exercise price of $0.40 for a period of 24 months from the date of issue.
The Company may, in its discretion, increase the size of the Offering and offer
up to an additional $1.5 million of Offered Shares and up to an additional $2.0
million of Units. 


The proceeds from the Offering will be used to continue to explore Cap-Ex's
wholly-owned Block 103 Project in western Labrador and for general corporate
purposes. The success and efficiency of the original 15,000 meter 2012 budgeted
drill program has resulted in increasing the drill program by almost 50%.
Proceeds will also be used to secure necessary infrastructure for the next phase
of the exploration program and to contribute to the CN Rail feasibility study
(see News Release dated August 10, 2012).


The proceeds raised from the issuance of the Offered Shares will be used by the
Company to incur "Canadian exploration expenses" (within the meaning of the
Income Tax Act (Canada)), related to the Company's exploration projects. The
Issuer will renounce such "Canadian exploration expenses" to subscribers with an
effective date of no later than December 31, 2012.


The offering remains subject to certain conditions including, but not limited
to, the approval of the TSX Venture Exchange. 


The securities being offered hereby have not been, nor will they be, registered
under the United States Securities Act of 1933, as amended, and may not be
offered or sold in the United States or to, or for the account or benefit of,
U.S. persons absent registration or an applicable exemption from the
registration requirements. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy nor shall there be any sale of the
securities in any state or province in which such offer, solicitation or sale
would be unlawful.


About CAP-EX Ventures Ltd.

Cap-Ex Ventures Ltd. is a Canadian listed company, focused on the development of
its Block 103 Iron Ore Project 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.