Cap-Ex Ventures Ltd.

Cap-Ex Ventures Ltd. is a Canadian resource company focused on exploration and development of iron ore projects in the Labrador Trough. The Company’s Schefferville Properties cover an area of 11,850 hectares and are strategically located close to Iron Ore Processing Plants. Block 103 is on strike to New Millennium’s direct shipping ore (“DSO”) deposits and KeMag magnetite deposits both to the north and New Millennium/Labrador Iron Mines DSO deposits to the south. In 2008, an airborne magnetic survey identified the most intense magnetic response in the iron belt within Cap-Ex’s Block 103 property. Cap-Ex plans to drill the high grade magnetite and the DSO horizons this coming season. The other Schefferville Properties will be the target of additional DSO. Acquisition of the Company’s Schefferville Properties is subject to the final approval of the TSX Venture Exchange.