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Contact: Connie M. Parratt
Investor Relations, 775-337-1545
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News Releases
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Management update
AuEx Ventures, Inc. (AuEx) is pleased to report that Mr. Richard Bedell has been appointed as Executive Vice President of AuEx and as President of AuEx's subsidiary company in Argentina. This change in title for Mr. Bedell from Vice President of AuEx is more reflective of Mr. Bedell's role and responsibilities in the Company.
Pursuant to AuEx's shareholder approved stock option plan the directors have yesterday granted incentive stock options on a total of 1,075,000 shares of AuEx's common stock exercisable for up to five years at a price of Cdn $2.15 per share being the closing price of AuEx's common shares on the day prior to them being granted. The options granted will vest as to 1/3 on each six month anniversary of the date of grant and will be subject to any applicable regulatory hold periods.
AuEx Ventures, Inc. is a precious metals exploration company that has a current portfolio of seventeen exploration projects in Nevada, one project in Spain and a generative exploration program in Argentina. The Company controls over 50,000 acres of unpatented claims and fee land. Ten of the projects are in joint venture agreements with seven companies who provide exploration funding. The Company applies the extensive exploration experience and highend technical skills of its founders to search for and acquire new precious metal exploration projects that are then offered for joint venture.
AuEx Ventures, Inc.
By: Ronald L. Parratt, President and CEO
Contact:
Ronald L. Parratt 775-337-1545 or rparratt@auex.com
Deborah Thiel Manager, Investor Relations 604-541-9655 or dthiel@auex.com
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although the management of AuEx believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
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News Release.pdf