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Cap-Ex Ventures Ltd. ("Cap-Ex") (TSX VENTURE:CEV)(OTCQX:CPXVF)(FRANKFURT:XOV) is
pleased to announce that it has closed the first tranche of its non-brokered
private placement financing through the sale of 10,000,000 common shares on a
flow-through basis (the "Flow-Through Common Shares") at a price of $0.35 per
Flow-Through Common Share for gross proceeds to Cap-Ex of $3,500,000.


Cap-Ex intends to use the proceeds from the sale of the Flow-Through Common
Shares for continued exploration of Cap-Ex's wholly-owned Block 103 Project in
western Labrador. The gross proceeds raised from the issuance of the
Flow-Through Shares will be used by Cap-Ex to incur "Canadian exploration
expenses" (within the meaning of the Income Tax Act (Canada)) on properties
located in Canada. Cap-Ex will renounce such "Canadian exploration expenses"
with an effective date of no later than December 31, 2012.


Cap-Ex will pay a finders' fee of 6% of the gross proceeds of the first tranche
of its non- brokered private placement to certain persons who are at arm's
length to Cap-Ex. Cap-Ex will also grant the finders compensation warrants equal
to 6% of the aggregate number of Flow-Through Common Shares sold pursuant to the
first tranche of the non-brokered private placement. Each compensation warrant
will be exercisable into one common share at the price of $0.32 for a period of
two years from the closing date.


The Flow-Through Common Shares are subject to statutory resale restrictions
until January 28, 2013. Closing of the second and final tranche of the financing
is expected to occur on or before October 10, 2012 and remains subject to
receipt of regulatory approval, including final approval of the TSX Venture
Exchange.


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.

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