Mr. Francois Laurin reports

CAP-EX STRENGTHENS ITS MANAGEMENT TEAM AND PROCEEDS WITH AMALGAMATION OF SCHEFFERVILLE IRON ORE EXPLORATION CORP.

Cap-Ex Ventures Ltd. is appointing Valery Zamuner as chief legal officer and corporate secretary, and has amalgamated Schefferville Iron Ore Exploration Corp.

Ms. Zamuner was general counsel, vice-president, legal affairs, and corporate secretary for Consolidated Thompson Iron Mines Ltd., and played a central role in managing Consolidated Thompson's offtake and strategic partnership agreements with Wuhan Iron and Steel, as well as, negotiating and concluding the final sale of Consolidated Thompson to Cliffs Natural Resources Inc. The $4.9-billion sale to Cliffs represents the largest acquisition ever of a North American iron ore company. Ms. Zamuner obtained her civil law degree from Laval University, is a member of the Quebec bar and is in the process of completing an MBA at Concordia University, John Molson School of Business. In addition to her Consolidated Thompson experience, she brings a wealth of experience and expertise in corporate and commercial law in the areas of international and domestic mergers and acquisitions, securities, corporate finance, and private investment funds.

Francois Laurin, president and chief executive officer of Cap-Ex, stated: "I am very pleased to welcome Valery to the Cap-Ex team. Her experience and expertise, specifically her work with Consolidated Thompson, will be invaluable as we work to advance our block 103 project, in addition to the entire Cap-Ex project portfolio."

The Cap-Ex board of directors has also approved the amalgamation of Schefferville Iron Ore Exploration, a wholly owned subsidiary of Cap-Ex. Pursuant to the amalgamation, the shares of Schefferville Iron Ore shall be cancelled without any repayment of capital, no securities shall be issued and no assets shall be distributed by the company in connection with the amalgamation. The articles and bylaws of the amalgamated corporation shall be the same as the articles and bylaws of the company, and the name of the amalgamated corporation shall remain Cap-Ex Ventures.

We seek Safe Harbor.