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AUEX VENTURES INC.

AUEX VENTURES INC.

AuEx Ventures, Inc. ("AuEx") is a Nevada-based gold/silver exploration company formed in 2003 to capitalize on the in-depth experience, technical capability, and historical successes of the founding management team. AuEx trades on the Toronto Stock Exchange under the symbol XAU. The company believes that its joint venture business model is the most effective approach in the mineral exploration business because it: a) reduces financial risk, b) minimizes share dilution, and c) optimizes exposure for exploration success.

AuEx controls over 167,000 acres of unpatented mining claims and fee land in Nevada/Utah, and has a current portfolio of 20 exploration projects, ten of which are under exploration earn-in or joint venture agreements with eight companies who are providing funding for exploration activities. In addition, AuEx has one large new copper-gold district in southern Spain and four projects in Santa Cruz Province, Argentina, that are in earn- in agreements-- bringing the total to fifteen projects in earn-in/joint venture agreements.

The following companies are in earn-in/joint venture agreements with AuEx Ventures, Inc.:
1: Agnico-Eagle (USA), Ltd. (AEM)
2: Christopher James Gold Corporation (CJG)
3: Eldorado Gold (ELD)
4: Fronteer Development Group (FRG)
5: Golden Dory Resources Corporation (GDR)
6: Liberty Silver Corporation (LNSV)
7: NuLegacy Gold Corporation (Private Nevada-based Company)
8: Western Uranium Corporation (WUC)

2010 OBJECTIVES AND GOALS:

- Increase Pequop Mining District resources to 2,000,000 ounces Au

- Advance Long Canyon rapidly toward production

- Drill Nevada properties (Buffalo Canyon & Green Monster) with
Eldorado Gold

- Drill at Meridiano, Gertrudis and La Rosita in Argentina with
Agnico-Eagle

- Complete initial drilling program in Spain with Western Uranium

- Complete three new exploration earn-in agreements

- Continue to build market recognition

LONG CANYON HIGHLIGHTS:

- AuEx is 49% owner of this Carlin-type gold deposit which is
located within the eastern portion of the Pequop Mining District
with joint venture partner, Fronteer Gold Inc. who is 51% owner
and operator

- High-grade, near surface, oxide gold deposit, open-pit amenable,
with new zones of mineralization identified extending strike length
from just over 1 mile to 1.7 miles (~9,500 feet long and about
1,000 feet wide) open on strike and depth

- Drilled 469 holes completed through 2009: completed 122,680 feet
(37,393 meters) of reverse circulation and 98,005 feet (29,872
meters) of core drilling

- Updated Technical Report released in June 2010, announced
672,000 oz Au (12.24 million Tonnes) as Measured & Indicated
Resources with g Au/t 1.71, and 552,000 ounces (10.39 million
Tonnes) g Au/t 1.65 as Inferred Mineralization (0.2 g/t cut-off
grade)

- Preliminary Economic Assessment released in December 2009 (with
drill data as of March 2009) indicated:
- Total gold produced = 565,000 ounces
- 6 Year Mine Life Averaging 93,000 Ounces/Year
- $351/Ounce Cash Cost
- $66,000,000 Initial Capital Cost
- 1.3 Years Payback
- 64% Pre-tax IRR
- $145,000,000 Pre-tax NPV

LONG CANYON'S 2010 PROJECTED BUDGET AND DRILLING PROGRAM:

The 2010 exploration program for the Long Canyon joint venture will consist of 45,500 meters (or 150,150 feet) of reverse circulation and core drilling. The program is designed to extend gold mineralization to the southwest and to the northeast where drilled mineralization remains open, and to test other new exploration targets.

Our goal is to increase the overall amount of gold mineralization, increase the confidence level of the known gold mineralization, and to discover new gold mineralization on the 12,000 acre property. Engineering, environmental, hydrological, metallurgical, permitting, and land and legal programs are ongoing.

WEST PEQUOP HIGHLIGHTS:

- AuEx is 49% owner of this Carlin-type gold deposit consisting of
three gold deposits including: Acrobat, Section 34, and Mountain
Top. Joint Venture Partner, Agnico-Eagle (USA), Limited is 51%
owner and operator. The project is located within the western
portion of the Pequop Mining District

- Gold mineralization occurs in at least 3 distinct stratigraphic
positions within the enclosing Cambrian and Ordovician limestone
and dolomite assemblages

- Gold mineralization is commonly associated with faulting, felsic
dikes and solution collapse breccias. Maps showing the locations
of drill holes at West Pequop are posted on the company's website.

- Total footage drilled in 2009 was 51,000 feet (or 15,454 meters)
from 57 drill holes--41 reverse circulation holes totaling 34,985
feet (or 10,601 meters) and 16 core holes totaling 16,375.5 feet
(or 4,962 meters) mainly in Acrobat, Section 34, Mountain Top, and
Range Front target areas

- Drilling expanded the extent of gold mineralization in all known
areas within the West Pequop project

WEST PEQUOP 2010 PEOJECTED BUDGET AND DRILLING PROGRAM:

Agnico-Eagle plans to continue an aggressive exploration program for the West Pequop Venture with a budget of over $3.25 million. The 2010 exploration program is designed to expand the known gold-bearing zones and explore for gold in other areas identified by surface sampling and geological mapping. The initial NI 43-101 Technical Report was released on May 13, 2010. For full report, please visit www.sedar.com.

OTHER NEVADA PROPERTIES:

AuEx has applied for permits to drill at the Buffalo Canyon and Green Monster projects on behalf of earn-in partner, Eldorado Gold Corporation. NuLegacy Gold, earn-in partner on the Wood Hills South project, plans drilling in late 2010 and to complete geophysics and soils on the project. Golden Dory Resources, earn-in partner on the Pequop South project, plans to drill on the property in 2010.

ARGENTINA:

AuEx is working under an exploration agreement with Agnico-Eagle (USA), Limited in Santa Cruz Province Argentina, and is in the process of generating new projects in Chubut Province and NW Argentina. AuEx is actively looking at opportunities in Chile.

In Santa Cruz Province with partners Agnico-Eagle, AuEx now controls 11 cateos and 4 MD's forming a considerable land package that includes altered and mineralized Jurassic volcanic rocks with low sulfidation epithermal precious metal deposits.

Agnico-Eagle is sharing generative costs with AuEx on a 70/30 basis. When a project is defined, Agnico has the option to take it to joint venture whereby they will spend the first 1 million dollars to vest a 60% interest. There are currently four projects in this category including Gertrudis, Meridiano, La Rosita and Covadonga.

The Meridiano project is located in the central portion of the province. The first drill program was conducted at the Meridiano project where 13 out of 15 reverse circulation drill holes encountered broad zones of shallow gold mineralization grading better than approximately 0.10 g/t. Selected intercepts included RCM06 with 10 meters of 0.68 g/t gold including 6 meters of 1.1 g/t gold, RCM11 with 8 meters of 0.58 g/t gold including 3 meters of 1.38 g/t gold and RCM13 with 22 meters of 0.29 g/t gold including 1 meter of 1.44 meters g/t gold. Geophysics that was completed in early 2010 was used to plan the second phase of drilling that was done in April 2010. Drill results are pending.

The Gertrudis project, located in the eastern portion of the province contains multiple veins in structural corridors within an andesitic dike complex. The prospect was initially identified using Thematic Mapper satellite imagery that was processed by AuEx. Detailed surface sampling and geologic mapping have been conducted to define drill targets that are planned to be tested later in 2010 once appropriate permits have been granted.

The Covandonga project, located in the central part of the province, has a well known, extensive vein field that was previously considered to be barren of gold or silver. Recenet exploration by AuEx Argenetina has discovered a zone with up to 7 g/t gold and 145 g/t silver in grab samples. These results have led Agnico-Eagle to formally accept Covandonga as a project. Drilling is planned for 2011.

The La Rosita project, near the Mina Martha Mine, is a large area of diverse targets with gold, silver and copper. Geophysics was completed in March 2010 to help define the first phase of drilling anticipated for late 2010.

To learn more about AuEx's properties in Argentina, please contact Paul D. Robinson, Ph.D., Manager Exploration Services, Senior Geologist at probinson@auex.com.

SPAIN:

AuEx's Baza project in southeastern Spain is a newly recognized District of Kinsashi style iron oxide copper gold mineralization. A ground magnetics survey has been completed on the Cerro del Gallo and Valenciano prospects and a regional-scale helicopter magnetics, radiometrics and EM survey has been flown over the entire District. On October 14, 2009, AuEx Ventures, Inc. announced the purchase of Basti Resources S.L. ("Basti") and the execution of an exploration earn-in agreement with Western Uranium Corporation (TSX:WUC). WUC's 2010 budget for exploration activity at Baza is $1.5 million.

JOINT VENTURE OPPORTUNITIES:

The company continues to leverage the extensive in-house exploration experience and high-end technical skills of its founders to grow its portfolio of exploration projects. AuEx will then offer projects it has advanced to select partners under exploration earn-in/joint venture arrangements following its joint venture business model. By doing so, the Company leverages out exploration risk to partners, minimizes shareholder dilution, allows Company to offset G & A, and annexes partners' strengths and knowledge base. Subsequent exploration will, with good fortune, lead to discovery and additional value creation for AuEx shareholders.

For a complete list of AuEx Ventures, Inc. Joint Venture Opportunities, please visit www.auex.com; go to Exploration then Property Summary where you will see a list of projects with a brief overview of the geology and its location. Mr. Eric M. Struhsacker, US Exploration Manager may be contacted at (775) 337-1545 or by email at estruhsacker@auex.com.
In closing, Ronald L Parratt, President & CEO of AuEx, states "2010 will be a very exciting year for AuEx, and we look forward to the results of our efforts over the next several months. Thank you for your support, loyalty, and dedication to our Company."

STOCK QUOTE

Date:	07-30-2010
Time:	15:59
Last:	$C 3.15
Volume:	69530
Change:	even

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