Cap-Ex Ventures Ltd.: New High Grade Zone Returns 107 Metres at 31.6% DWTR

Cap-Ex Ventures Ltd. (TSX VENTURE:CEV)(OTCQX:CPXVF)(FRANKFURT:X0V) ("Cap-Ex" or
the "Company") is pleased to announce the discovery of a second high grade
magnetite zone on the Company's wholly owned Block 103 iron ore property,
located 30 kilometres northwest of the mining town of Schefferville, Quebec.
This new zone is located approximatley 3 kilometres west of the Green Bush Zone,
in the northwest region of Block 103. Refer to Northwest Zone map on Company
website (www.cap-ex.ca). 


The newly discovered Northwest Zone was diamond drill tested by 6 holes over 5.3
kilometres of strike, with drill spacing ranging from 300 metres to 2,100
metres. This zone is completely open along strike to the south. The presumed
width of the Northwest Zone between Kivivic Lake and the western boundary of
Block 103 is between 0.5 and 1.5 kilometres. The western and northern extensions
appear to continue onto ground held by Tata Steel/New Millennium Iron Corp. The
Northwest Zone is striking NW-SE, dipping gently to the northeast. The thickness
increases from 107 metres at the northern end, in hole DDH 103-11, to over 153
metres at the southern end as shown in Hole DDH103-17. 


To date, assay results for the Northwest Zone were obtained only for the most
northern drill hole DDH103-11, from 1.22 metres, intersected 107.90 metres (true
thickness) averaging 31.8% iron, with 31.6% Davis Tube Weight Recovery ("DTWR").
This initial DTWR assay result is significantly higher than the nearby LabMag
(average of 25.8% DWTR) and KeMag (average 27% DWTR) deposits.


Assay results from the remaining five holes are pending; these drill intercepts
of magnetite bearing Sokoman Formation are presented in the table below. It is
important to note that in holes DDH 103-16 and 17, significant intervals of
magnetite have been converted to hematite. 




---------------------------------------------------------------------------
Hole No.        From      To   Core Interval    True Thickness of Magnetite
---------------------------------------------------------------------------
                  (m)     (m)             (m)           Bearing Interval (m)
---------------------------------------------------------------------------
DDH103-12       1.52  108.81          107.29                         106.70
---------------------------------------------------------------------------
DDH103-13       1.22  102.56          101.34                         100.78
---------------------------------------------------------------------------
DDH103-15       1.52  101.65          100.13                          99.58
---------------------------------------------------------------------------
DDH103-16      24.69  151.49          126.80                         126.10
---------------------------------------------------------------------------
DDH103-17      43.59  196.60          153.01                         152.17
---------------------------------------------------------------------------



The Company is also awaiting additional assay results from the recently
discovered Greenbush Zone, also located on Block 103. 


Fourteen Reverse Circulation ("RC") drill holes have now been completed on the
Company's Redmond properties, located 10 kilometres southeast of Schefferville,
Quebec. The Company is awaiting assay results. Eleven holes intersected
hematite/limonite mineralization with intervals ranging from 10 to 73 metres in
thickness. 


The samples from drilling were processed and assayed by SGS Canada Lab based in
Lakefield, ON. The samples were assayed using XRF, Satmagan and Davis tube
techniques. 


The Company also reports the grant of 600,000 incentive stock options (the
"Options") to certain directors, officers, employees and consultants of the
Company. The Options have a term of five (5) years and are exercisable at a
price of $0.81 per common share. The Options are subject to their acceptance for
filing with the TSX Venture Exchange. 


Alex Walus, PGeo., a qualified person pursuant to National Instrument 43-101,
has reviewed and approved of the contents of this news release.


CAP-EX VENTURES LTD.

Brett Matich, President and CEO

"This news release may contain forward-looking statements. Forward-looking
statements address future events and conditions and therefore involve inherent
risks and uncertainties. Actual results may differ materially from those
currently anticipated in such statements."