Cap-Ex Ventures Names Bozoki CFO

Canada’s Cap-Ex Ventures Ltd. has named Paul Bozoki as chief financial officer, James Powell as general manager, projects and Josh Van Deurzen as corporate secretary. Since October 2010, Bozoki has served as Chief Financial Officer of Black Iron Inc., a listed junior resource company developing an iron ore project in Ukraine.



(“Cap-Ex” or the “Company”) is pleased to announce the appointment of Mr.

Paul Bozoki as Chief Financial Officer, Mr. James Powell as General

Manager, Projects and Mr. Josh Van Deurzen as Corporate Secretary.


Mr. Bozoki is a Chartered Accountant, holds an MBA and has over fifteen

years of accounting, tax and corporate finance experience. Since October

2010, Mr. Bozoki has served as Chief Financial Officer of Black Iron

Inc., a TSX-listed junior resource company developing an iron ore project

in Ukraine. From 2007 through September 2010, Mr. Bozoki was the Chief

Financial Officer of CD Capital Partners, a privately held real estate

development firm focused on developing mixed use retail and office real

estate in Russia, Ukraine and Romania. From 2001 through 2006, Mr. Bozoki

was the Chief Financial Officer of MAVA Investment Ltd., a private equity

firm based in Budapest, Hungary with two funds under management and

US$110 million of committed capital. Mr. Bozoki began his career at Ernst

& Young LLP where he spent six years auditing clients predominately in

the mining industry.


Mr. Powell is a Professional Engineer (P.Eng.) and holds a Master’s

degree in Engineering (M. Eng.) in Mining from McGill University and an

undergraduate degree in Civil engineering (B.Sc. Eng.) from the

University of New Brunswick. Mr. Powell is based in St. John’s,

Newfoundland and will oversee the 2012 planned exploration and

development programs of the Company’s Block 103 (Greenbush and Northwest)

and Redmond properties located in Labrador, and all other engineering

activities that the Company will undertake in the future. Mr. Powell

brings 14 years of experience in mining and geotechnical engineering and

was recently at Stantec as associate, senior engineer and team lead for

the Newfoundland and Labrador Geotechnical and Mining Engineering group,

where he was involved in numerous mining projects. Mr. Powell also

provided support to the environmental sciences and environmental

engineering teams and was primarily involved with project planning and

management, data analysis, engineering design and reporting.


Mr. Van Deurzen is a corporate and securities lawyer who works as a legal

consultant to various public and private companies in the resource-based

sectors. Previously, Mr. Van Deurzen practiced law at large law firms in

New York and Toronto. Mr. Van Deurzen holds a Master of Business

Administration and a Juris Doctor from the University of Toronto.


Mr. Francois Laurin, President and CEO of Cap-Ex, stated: “We welcome

Messrs. Bozoki, Powell and Van Deurzen to Cap-Ex. We are pleased to be

strengthening the Cap-Ex management team at this time, and note in

particular that we are very confident that Mr. Powell’s professional

experience, expertise and knowledge will prove to be very valuable as the

Company moves aggressively to implement an exploration program designed

to lead to a NI 43-101-compliant resource estimate for its block 103

property by the end of December 2012. I also wish to thank Ms. Jasvir

Kaloti for her valuable contributions to Cap-Ex and wish her the best in

her next projects.”


The appointments of Mr. Bozoki and Mr. Van Deurzen follow the resignation

of Ms. Kaloti as Chief Financial Officer and Corporate Secretary.




Cap-Ex Ventures Ltd. is a Canadian listed company, focused on the

development of its Block 103 iron ore property in the Labrador trough,

near the mining town of Schefferville, Quebec. The Block 103 property is

strategically located close to existing railway to shipping port, and is

adjacent to New Millennium Iron Corp’s LabMag and KeMag deposits.


For additional information please visit the Company’s website at




Francois Laurin, President and CEO


Cautionary Note Regarding Forward-looking Information


This press release contains “forward-looking information” within the

meaning of applicable Canadian securities legislation. Forward-looking

information includes, but is not limited to, statements with respect to

the development of the Company’s Block 103 iron ore property and the

impact of the appointments on the Company. Generally, forward-looking

information can be identified by the use of forward-looking terminology

such as “plans”, “expects” or “does not expect”, “is expected”, “budget”,

“scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does

not anticipate”, or “believes”, or variations of such words and phrases

or state that certain actions, events or results “may”, “could”, “would”,

“might” or “will be taken”, “occur” or “be achieved”. Forward-looking

information is subject to known and unknown risks, uncertainties and

other factors that may cause the actual results, level of activity,

performance or achievements of the Company to be materially different

from those expressed or implied by such forward-looking information.

There can be no assurance that such information will prove to be

accurate, as actual results and future events could differ materially

from those anticipated in such statements. Accordingly, readers should

not place undue reliance on forward-looking information. The Company does

not undertake to update any forward-looking information, except in

accordance with applicable securities laws.


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.