VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 23, 2011) - (TSX VENTURE:CEV)(OTCQX:CPXVF)(FRANKFURT:X0V) - The Company hereby retracts the statements from its Nov 23rd news release - "Block 103 appears to host a multi-billion tonne near surface iron ore deposit" and "All 17 holes…have encountered a sequence of ore grade mineralization…"

Statements of this nature require support of a current resource estimate and economic analysis. The Company has not competed such an estimate or analysis nor has it completed a 43-101 compliant report on these matters.

On behalf of the Board of Directors

Brett Matich, President


"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."

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

Contact Information:

Cap-Ex Ventures Ltd.
Investor relations
(604) 669-2279