Cap-Ex Announces No Material Change

Suite 2000 – 1177 West Hastings St Vancouver, BC Canada V6E 2K3 T: 604-669-2279 / F: 604-602-1606 [email protected]

September 27, 2016

Cap-Ex Announces No Material Change

Cap-Ex Iron Ore Ltd. (TSX-V: CEV) (“Cap-Ex” or the “Company”) announces that it is not aware of any material, undisclosed corporate developments and has no material change to report at this time. The company will keep the market informed as required.

ABOUT CAP-EX IRON ORE LTD.

Cap-Ex Iron Ore Ltd. is a Canadian listed company, focused on creating shareholder value through discoveries and strategic development of mineral properties worldwide.

For additional information please visit the Company’s website at www.cap-ex.ca. You may also email [email protected] or call investor relations at (604) 669-2279.

CAP-EX IRON ORE LTD.

“Andrew Bowering”

Chairman

NEITHER 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.

“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.”