Cap-Ex Ventures Ltd. announced four additional assay results from the 2011 diamond drilling on its wholly owned Block 103 iron property, which is located 30 kilometres northwest of the mining town of Schefferville, Quebec. The four new drill assay results are located on the east limb of the Greenbush Zone: DDH103-3 interval 204.2 metres at 30.9% total Fe from 5.2 metres, open at depth; DDH103-18 interval 194.2 metres at 29.9% total Fe from 3.0 metres, open at depth; DDH103-20 interval 128.0 metres at 30.3% total Fe from 17.4 metres, open at depth; DDH103-34 interval 152.4 metres at 30.1% total Fe from 29.6 metres, open at depth. Spread over a strike length in excess of 6 kilometres, it is important to note that all four drill holes ended in mineralization and consequently the mineralization is open at depth. The drilling depth will be extended in the 2012 season to delineate the increase in average thickness of the magnetite mineralization. The company expects to soon receive additional 2011 drill assay results from Block 103's Greenbush Zone and Northwest Zone. Based on the currently available 2011 drill results and airborne geophysical programs, the company has made the following interpretations regarding the Greenbush Zone: The Greenbush Zone hosts strong magnetite mineralization that has been identified to cover an area of at least 20 square kilometres. This Zone features strong, coincident magnetic and gravimetric airborne anomalies, which show remarkable reliability as drilling targets. All 26 drill holes have encountered significant mineralization from 45 to 265 metres in thickness. The average length of the core intercepts of magnetite mineralization encountered in the 26 holes drilled in the Greenbush Zone is 122 metres. This number is based on assays from 21 holes and the visual estimation of magnetite content in the remaining holes. The average grade of the mineralization is 30.5% total Fe and the Davis Tube concentrate grades average 68.2% iron and 4.7% silica. The company is using a Specific Gravity of 3.3, which is the same used for the surrounding magnetite deposits. In most holes, mineralization starts near surface and is open in all directions.