CEV

Cap-Ex Iron Ore Ltd. (TSX VENTURE:CEV)(FRANKFURT:XOV)(OTCQX:CPXVF) ("Cap-Ex" or
the "Company") announces that it has closed a private placement of 20,730,000
units (the "Units") at a price of $0.10 per Unit for proceeds of $2,073,000.
Each Unit is comprised of one common share (the "Shares") and one share purchase
warrant (the "Warrants"). Each Warrant entitles the holder to purchase one
common share (the "Warrant Shares") of the Company at an exercise price of $0.20
for a period of 24 months from the date of issue. 


The holders of the Shares and any Warrant Shares issued may not engage in the
sale of Shares or Warrant Shares until September 25, 2013. 


The Warrants contain certain accelerated exercise clauses. At any time after
four months and one day from the date of the closing of the Offering, if the
volume weighted average trading price of the common shares of the Company on the
TSXV Exchange is greater than $0.50 per share for 20 consecutive trading days,
the Company may give written notice to warrant holders that the Warrants will
expire 30 calendar days after the dates of such notice. 


The Offering was first announced on March 22, 2013 and the terms of the Offering
were later amended on April 15, 2013. 


The Company intends to use the net proceeds of the Offering to continue to
advance its Block 103 Project with a 2013 drilling program, to seek a strategic
partner and to apply towards general working capital purposes.


No bonuses, finder's fees or commissions were paid by the Company in connection
with the Offering.


Insiders of the Company participated in 45% of the Offering for a total of $940,000.

About Cap-Ex Iron Ore Ltd.

Cap-Ex 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.


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

CAP-EX IRON ORE 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Cap-Ex Iron Ore Ltd.
Investor Relations
(604) 669-2279
info@cap-ex.ca
www.cap-ex.ca

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