VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 27, 2011) - Cap-Ex Ventures Ltd. ("Cap-Ex" or the "Company") (TSX VENTURE:CEV) is pleased to announce that Paterson Grant & Watson Ltd ("PGW"), have been engaged to model and interpret geophysical data from an aeromagnetic survey completed by MPX Geophysics in 2008 on "Block 103" of the Company's Schefferville Iron Ore Properties (the Schefferville Properties").

As disclosed in the Company's news release of January 18, 2011, the Schefferville Properties is comprised of Block 103, Block 44 and Lac Connelly covering a combined area of 9,050 hectares in the Labrador Trough. Block 103, which includes the Newfoundland and Labrador licenses, consists of 94 continuous mineral claims covering 2,350 hectares, located within the Labrador trough 25 kilometres northwest of the mining town of Schefferville.

In June 2008, MPX Geophysics Ltd. undertook a heli-borne magnetic survey. The 665.5 line kilometer survey was flown on survey lines oriented northeast-southwest, perpendicular to strike, with a line spacing of 100 metres and a nominal terrain clearance of 50 metres. The survey results indicate that Block 103 covers some of the most intense positive magnetic responses in the iron ore belt.

Preliminary interpretation by PGW has identified numerous individual horizons at or near surface that host significant concentrations of magnetite. Modeling will help to quantify the volume of potential magnetite iron ore and estimate concentrations. Areas of possible "direct shipping ore" hematite ore have also been identified.

Paterson Grant & Watson Ltd is a Toronto based geophysical consulting firm which has been established since 1973, and provides survey management, quality control, processing, modeling and geophysical interpretation for the mineral sectors.

The contents of this news release have been reviewed by Ed Kruchkowski, P. Geo., who is a qualified person as defined by National Instrument 43-101. 

For additional information please visit the Company's website at


Andrew Bowering, President and CEO

"This news release may contain forward–looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements."

Contact Information: Cap-Ex Ventures Ltd.
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