AuEx Ventures Inc. - QwikReport

AUEX VENTURES INC. : http://www.auexventures.com/ : QwikReport

News Releases

Tue Jul 20, 2010
New Long Canyon Drill Hole Returns 0.154 OPT Over 210 Feet

AuEx Ventures, Inc. ("AuEx" or the "Company") is pleased to report new gold intercepts from drilling completed northeast of the known resource area at the Company's 49% owned Long Canyon gold exploration project located within the Pequop Gold District in Elko County, Nevada. These intercepts include hole LC444 with 0.154 ounces per ton gold over 210 feet, hole LC462 with 0.259 ounces per ton gold over 65 feet, and hole LC459 with 0.175 ounces per ton gold over 88.5 feet. These holes are all infill to the previously reported large step-outs and suggest significant resource expansion potential in the NE sector resulting from these continued large grade thickness intercepts of classic, oxidized, Carlin-style gold mineralization.

Hole ID	From (feet)	To (feet)	Intercept Length (feet)	Au (oz/t)	From (metres)	To (metres)	Intercept Length (metres)	Au (g/t)
LC443C	391.0	474.0	83	0.175	119.2	144.5	25.3	5.98
incl	451.5	457.0	5.5	0.619	137.6	139.3	1.7	21.20
LC444C	617.0	827.0	210	0.154	188.1	252.1	64.0	5.27
incl	776.0	794.0	18	0.473	236.5	242.0	5.5	16.19
LC459C	326.0	414.5	88.5	0.175	99.4	126.3	27.0	5.99
including	351.5	371.0	19.5	0.317	107.1	113.1	5.9	10.86
LC462C	457.0	522.0	65	0.259	139.3	159.1	19.8	8.87
including	501.0	517.0	16	0.531	152.7	157.6	4.9	18.17
LC466C	437.0	492.0	55	0.054	133.2	150.0	16.8	1.84
LC476C	447.0	515.0	68	0.152	136.2	157.0	20.7	5.21
including	477.0	504.0	27	0.292	145.4	153.6	8.2	10.01
LC477C	563.0	604.0	41	0.247	171.6	184.1	12.5	8.46
LC478C	422.0	495.0	73	0.150	128.6	150.9	22.3	5.14
including	437.0	442.0	5	0.642	133.2	134.7	1.5	22.00
LC480	450.0	565.0	115	0.073	137.2	172.2	35.1	2.49
including	510.0	535.0	25	0.204	155.4	163.1	7.6	6.97
and	875.0	1020.0	145	0.035	266.7	310.9	44.2	1.20
LC488C	517.0	527.0	10	0.029	157.6	160.6	3.0	1.01
LC492	340.0	345.0	5	0.045	103.6	105.2	1.5	1.54
LC495C	353.0	368.0	15	0.121	107.6	112.2	4.6	4.15
and	381.0	398.5	17.5	0.208	116.1	121.5	5.3	7.11
LC500C	371.0	418.0	47	0.150	113.1	127.4	14.3	5.14
LC505C	348.5	367.5	19	0.052	106.2	112.0	5.8	1.79
LC516	870.0	1005.0	135	0.081	265.2	306.3	41.1	2.78
including	940.0	960.0	20	0.310	286.5	292.6	6.1	10.61

True widths of the mineralized intervals will be determined by geologic modeling. The intercept calculations use a cut-off grade of 0.30 g/t gold. Results less than 1 g/t are not reported in this press-release table. "C" indicates core holes.

Drill holes LC460-461, LC465, LC467C, LC468-470, LC472-LC473, LC475, LC479, LC481C, LC482-483, LC486-LC487, LC489-490, LC494, LC496-LC497, LC499, LC501, LC503-LC504, LC507-LC508 and LC512-LC514 had no reportable intercepts. A drill hole location map is attached and posted on the Company's website.

Ronald L. Parratt, Certified Professional Geologist, is the Company's designated Qualified Person for this news release.

Drilling activity currently underway at Long Canyon includes 5 drill rigs conducting primarily resource definition and resource expansion mostly in the northeastern portion of the deposit. To date more than 99,000 feet (30,000 meters) of drilling has been completed of a planned 149,000 feet (45,000 meters). Current work also includes a 6 inch core program to source material for further metallurgical test work. This material will supplement four, 15 ton samples which were recovered from outcrop earlier this year. All of this material will be used for further column leach testing to confirm gold recoveries. Metallurgical test work completed to date indicates that mineralization is treatable using conventional gold recovery techniques.

The growing Long Canyon gold deposit consists of multiple, sub-parallel northeast-directed zones of oxidized Carlin-style gold mineralization aggregating 800 to 1,000 feet (240 to 300 meters) in width with a current strike length of approximately 1.70 miles (2.7 km) that remains open to extension. Mineralization outcrops in the central portion of the deposit, plunges shallowly to the northeast and is amenable to open pit mining. In addition, significant untested exploration potential is still apparent within the 12,000 acre property based on geological mapping and surface sampling.

As reported to AuEx by Fronteer Gold, 51% owner and operator, all drill samples were collected following standard industry practice and assayed by ALS Chemex of Reno, Nevada. Gold results were determined using standard fire assay techniques on a 30 gram sample with an atomic absorption finish. Samples exceeding 5 grams per tonne gold were re-assayed using a gravimetric finish and the values received were reported in the averages. QA/QC included the insertion of numerous standards and blanks into the sample stream, and a check assaying program that is underway at another laboratory. A table containing all drill results to date using a 0.3 gram/tonne cutoff is posted on the Company's website. All data, as reported to the Company by Fronteer and disclosed in this press release, including sampling, analytical and test data, have been reviewed by the Company's qualified person Mr. Eric M. Struhsacker, M.Sc., and Certified Professional Geologist as recognized by the American Institute of Professional Geologists. Further details concerning the Long Canyon property are described in the Company's National Instrument 43-101 report filed on Sedar and posted on the Company's website at www.auex.com.

AuEx Ventures, Inc. is a TSX listed precious metals exploration company that has a current portfolio of twenty one exploration projects in Nevada/Utah, one project in Spain and four projects in Argentina. The Company controls about 167,000 acres of unpatented mining claims and fee land in Nevada. Fifteen of the projects are in joint venture or exploration earn-in agreements with eight companies. The Company applies the extensive Nevada exploration experience and high-end 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

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. This press release uses the terms "indicated resources" and "inferred resources", which are calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. We advise investors that while those terms are recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize them. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. In addition, "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. U.S. investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally minable.

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Mon Jun 28, 2010
Long Canyon Metallurgical Results

AuEx Ventures, Inc. ("AuEx" or the "Company") is pleased to report that more detailed metallurgical tests confirm the recovery rate of the mineralization at Long Canyon is amendable to low-cost conventional, heap leach processing. Long Canyon is an emerging oxide gold deposit located in northeast Nevada.

Metallurgical results demonstrate excellent gold recoveries
Aggressive resource definition and expansion

Fronteer Gold Inc. ("Fronteer") reported to the Company that twenty-one core composites from three cross-sections drilled in May 2009 were submitted to McClelland Laboratories Inc. in Sparks, Nevada, for more comprehensive metallurgical testing, including: bottle-roll and column leach tests, permeability, flotation, gravity and comminution testing. The metallurgical tests provided a more detailed understanding of gold recoveries than what was previously provided by column-leach testing of bulk samples taken exclusively from road cuts. Composites were column-leach tested using crush sizes of: 80% passing -12.5mm, -25mm and -50mm crush sizes to determine gold recovery, recovery rate and reagent requirements under simulated heap leach conditions. Of composite material representing 82% of the deposit's total ounces, column leach gold recoveries for high- and medium-grade samples (> 1.26 g/t gold) averaged 88% for -12.5mm, 87% for -25mm and 85% for -50mm crush sizes. A portion of the low-grade (<1.26 g/t gold) rock-types exhibited sensitivity to crush size and achieved lower recoveries than the high- and medium-grade composites. However, these rock-types represent approximately 8% of the deposit's contained ounces based upon current geologic interpretation. The majority of gold leaching (>80% leachable gold) occurred within a 10 to 40 day period with the coarser columns taking a little longer than the finer crushed columns.

Hydraulic conductivity measurements were two orders of magnitude higher than typical heap percolation rates indicating that no solution flow problems are anticipated for any of the composites tested. The composites did not respond well to flotation or gravity concentration likely owing to its totally oxidized nature and lack of any significant elemental gold. Comminution tests showed that the composites have low hardness and abrasion index numbers, compared to the majority of gold milling operations processing whole rock material around the world. Low energy input and low materials wear rates are expected if a mill is needed for processing all or a portion of the Long Canyon resource.

As part of the $19.8-million development/exploration program aggressive resource definition and expansion continues at Long Canyon with six drill rigs currently operating on site and at least 45,000 metres of drilling planned, with an emphasis on resource definition and resource expansion. In addition the required metallurgical, engineering, and environmental work necessary to move Long Canyon to pre-feasibility stage will be conducted.

Fronteer is majority owner (51%) and operator of Long Canyon in joint-venture with the Company (49%).

Ronald L. Parratt, Certified Professional Geologist, is the Company's designated Qualified Person for this news release.

AuEx Ventures, Inc. is a precious metals exploration company that has a current portfolio of nineteen exploration projects in Nevada, one project in Utah, four projects in Argentina and one project in Spain. The Company controls about 167,000 acres of unpatented claims and fee land in prospective areas of Nevada. Fifteen of the projects are in exploration earn-in or formal joint venture agreements with eight companies who provide exploration funding. The Company applies the extensive exploration experience and high-end technical skills of its founders to search for and acquire new precious metal exploration projects that are then offered for joint venture. AuEx is listed on the Toronto Stock Exchange under the symbol XAU.

AuEx Ventures, Inc.

By: Ronald L. Parratt, President & CEO

Contact: Ronald L. Parratt 775-337-1545 or rparratt@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.

This press release uses the terms "indicated resources" and "inferred resources", which are calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. We advise investors that while those terms are recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize them. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. In addition, "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. U.S. investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally minable.

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Wed Jun 9, 2010
Long Canyon NE high grade zone grows with 69.5 feet of 0.479 ounces per ton gold

AuEx Ventures, Inc. ("AuEx" or the "Company") is pleased to report the first drill results from the 2010 drill campaign for the Company's 49% owned Long Canyon gold deposit located within the Pequop Gold District in eastern Elko County, Nevada. Hole LC435C returned 69.5 feet of 0.479 ounces per ton ("opt") gold within the growing high-grade zone to the northeast of the current resource. Hole LC453C a further 328 feet to the northeast included 153 feet of 0.111 opt gold. Previous drilling included Hole LC411 with 160 feet of 0.124 opt gold (reported January 15, 2010) that lies between Hole LC435C and LC 453C which is beginning to define a very substantial zone which is open to the north east.

Other significant results reported in this release include:

LC450C with 73 feet of 0.189 opt along strike to the SW

A newly discovered parallel zone includes:
- LC451 with 155 feet of 0.187 opt, and
- LC446 with 175 feet of 0.078 opt, including 30 feet of 0.173 opt.

There are now 3 core rigs and 2 reverse circulation rigs working on the Long Canyon project. In addition, a large diameter drill is currently on site for continued metallurgical testing. The US$19.8 million dollar budget will include over 45,000 meters of drilling and significant work to move the project into pre-feasibility including metallurgy, engineering, and environmental work. The cost of the work program is split 51/49 with majority owner and operator Fronteer Gold Inc.

Commenting on these results, Ronald L. Parratt, President & CEO of AuEx stated "this is a very strong start to the year's drill results. The NE corridor certainly is providing the best grade-thickness holes to date and is not shut off. Also the discovery of a new parallel zone attests to the potential growth of this deposit and the Pequop Gold District in general."

These holes are additive to the growing Pequop Gold District which now includes defined resources at the Company's 49% owned West Pequop and Long Canyon projects.

Hole ID	From (feet)	To (feet)	Intercept Length (feet)	Au ppb	Au oz/T	From (metres)	To (metres)	Intercept Length (metres)	Au (gpt)
LC418C	811	870.5	59.5	546	0.016	247.3	265.4	18.1	0.55
LC419C	648	666	18	7265	0.212	197.6	203	5.5	7.27
LC420	490	500	10	2350	0.069	149.4	152.4	3	2.35
LC422C	541	551	10	578	0.017	164.9	168.0	3.0	0.58
LC426	710	725	15	1073	0.031	216.5	221.0	4.6	1.07
LC427C	948.5	961	12.5	768	0.022	289.2	293.0	3.8	0.77
LC428C	617	632.5	15.5	416	0.012	188.1	192.8	4.7	0.42
LC429	330	345	15	442	0.013	100.6	105.2	4.6	0.44
	355	430	75	1607	0.047	108.2	131.1	22.9	1.61
LC432C	332	382	50	2296	0.067	101.2	116.5	15.2	2.30
including	354	367	13	5573	0.163	107.9	111.9	4.0	5.57
LC434	425	505	80	1836	0.054	129.6	154.0	24.4	1.84
LC435C	638	675	37	2199	0.064	194.5	205.8	11.3	2.20
	708	777.5	69.5	16397	0.479	215.9	237.0	21.2	16.40
including	748	767	19	39244	1.146	228.0	233.8	5.8	39.24
LC436	835	870	35	2089	0.061	254.6	265.2	10.7	2.09
LC438	460	470	10	679	0.020	140.2	143.3	3.0	0.68
LC440	815	850	35	4834	0.141	248.5	259.1	10.7	4.83
including	820	830	10	12800	0.374	250.0	253.0	3.0	12.80
LC443C	pending
LC444C	pending
LC445C	421	436	15	1273	0.037	128.4	132.9	4.6	1.27
	444	454.5	10.5	986	0.029	135.4	138.6	3.2	0.99
	463	531	68	4450	0.13	141.2	161.9	20.7	4.45
including	516	526	10	11900	0.347	157.3	160.4	3.0	11.90
	821	856	35	1255	0.037	250.3	261.0	10.7	1.25
LC446	395	570	175	2670	0.078	120.4	173.8	53.4	2.67
including	475	505	30	5913	0.173	144.8	154.0	9.1	5.91
LC450C	364	437	73	6474	0.189	111.0	133.2	22.3	6.47
including	366.5	382.5	16	15394	0.449	111.7	116.6	4.9	15.39
LC451	700	855	155	6391	0.187	213.4	260.7	47.3	6.39
including	725	755	30	7293	0.213	221.0	230.2	9.1	7.29
	800	825	25	24838	0.725	243.9	251.5	7.6	24.84
LC453C	708	861	153	3791	0.111	215.9	262.5	46.6	3.79

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Thu Jun 3, 2010
Initial West Pequop Gold Resource

AuEx Ventures, Inc. ("AuEx" or the "Company") is pleased to report this first resource estimate for the Company's 49% owned West Pequop Joint Venture located within the new Pequop Gold District in eastern Elko County, Nevada. The resource estimate, on a 100% basis, includes the Section 34, Acrobat and Mountain Top gold deposits and incorporates drilling completed through the end of 2009. All three gold deposits are located within a four square mile area. In addition, the Long Canyon deposit (reported on May 19, 2010 in press release NR10-12) on adjoining property to the east creates a significant district resource with near and long term growth potential.

West Pequop JV

The combined Classified Mineral Resource estimate for all three deposits is quoted at a cut-off grade of 0.3 grams per tonne and consists of;

An Indicated Resource of 64,138 ounces at an average grade of 1.63 g/t gold (1,227,000 tonnes); and

An Inferred Resource of 249,441 ounces at an average grade of 1.41 g/t gold (5,504,000 tonnes).

Commenting on these results, Ronald L. Parratt, President & CEO of AuEx stated "This initial resource estimate for the West Pequop project, together with the updated resource at the Long Canyon project, further demonstrates the discovery potential for Carlin style mineralization in the Pequop District. Exploration is still in early stages and the potential for resource growth at both projects is excellent. Mineralization is still open and many exploration targets remain to be drill tested. Exploration activity is underway at West Pequop and Long Canyon to pursue these numerous opportunities."

The resources for each of the three deposits at West Pequop are shown below at additional cutoffs in order to provide grade-distribution information.

Acrobat	Indicated			Inferred
Cutoff Au g/t	Tonnes (k)	Grade g/t	Oz	Tonnes (k)	Grade g/t	Oz
0.2	676	1.17	25,396	2,570	1.07	88,599
0.3	581	1.32	24,644	2,178	1.22	85,362
0.5	450	1.59	23,034	1,604	1.52	78,302
1	258	2.22	18,407	992	2.00	63,761

Section 34	Indicated			Inferred
Cutoff Au g/t	Tonnes (k)	Grade g/t	Oz	Tonnes (k)	Grade g/t	Oz
0.2	642	1.39	28,698	3,714	1.15	137,119
0.3	527	1.64	27,809	2,883	1.41	130,625
0.5	426	1.93	26,502	2,162	1.75	121,490
1	221	3.10	22,098	1,135	2.68	97,899

Mtn. Top	Indicated			Inferred
Cutoff Au g/t	Tonnes (k)	Grade g/t	Oz	Tonnes (k)	Grade g/t	Oz
0.2	126	2.91	11,746	470	2.23	33,671
0.3	119	3.06	11,685	443	2.35	33,454
0.5	99	3.59	11,450	408	2.52	33,018
1	81	4.24	11,085	293	3.22	30,333

The West Pequop project is subject to a joint venture agreement with Agnico-Eagle (USA) Limited, currently 51% owner and operator. Agnico-Eagle is solely funding exploration at present to earn an additional 19% undivided interest (for a total of 70%) in the project. Exploration drilling for the 2010 field season has just commenced and Agnico-Eagle plans to expend approximately $3,250,000 in further exploration at West Pequop. This will consist of step out drilling to test new exploration targets defined during 2009 and infill drilling to expand and possibly connect the known deposits. At least 50,000 feet of drilling is expected to be completed during 2010 at the project.

The West Pequop mineral resource estimate is as of May 13, 2010. The mineral resources estimate was completed by SRK Consultants of Tucson, Arizona and Denver, Colorado. The resources were modeled and estimated by evaluating the drill data statistically and utilizing two-dimensional lithologic strings provided by Agnico-Eagle to interpret mineral domains on cross sections spaced at 40 meter intervals throughout the extent of the Section 34, 25 meters on Acrobat and variably through the Mountain Top mineralization. The modeled mineralization database was analyzed statistically to establish estimation parameters. Gold grades were estimated by inverse-distance methods into a block model with 10 meter (width) x 10 meter (length) x 6 meter (height) blocks that were constrained to the mineral domains using Datamine Studio3 mining software. Quality-control data generated during the various drill programs conducted at West Pequop were independently reviewed by SRK as part of the resource study. The persons responsible for the resource estimate on behalf of SRK are Allan V. Moran, Reg. Geo. and Frank Daviess, MAusIMM, Qualified Persons as defined by National Instrument 43-101. Further details of the estimation procedure will be available in an updated NI 43-101 report, which will be posted on SEDAR (http://www.sedar.com/), no later than 45 days from the date of this release.

The state of exploration for West Pequop is too early to justify estimating in-pit resources. SRK has estimated and is reporting an in-situ total resource rather than the preferred option of reporting an in-pit resource, primarily because the resources are largely Inferred by classification, and due to the insufficiency of potential mining and processing characterizations. In reporting the resource at a 0.3 g/t Au cutoff, SRK's opinion is that the mineralization has the potential for economic extraction at current gold prices. Indicated resources are based solely on density of drillhole data and the number of composites within a specified distance from an estimated block. Additional conversion of "Inferred" to "Indicated" will require in-fill drilling and "in-pit" analysis to confirm potential mineability for each deposit.

Ronald L. Parratt, Certified Professional Geologist, is the Company's designated Qualified Person for this news release. He has reviewed the information contained in the release and confirmed that it is consistent with that provided by the independent QP's responsible for the resource estimate.

AuEx Ventures, Inc. is a precious metals exploration company that has a current portfolio of nineteen exploration projects in Nevada, one project in Utah, four projects in Argentina and one project in Spain. The Company controls about 167,000 acres of unpatented claims and fee land in prospective areas of Nevada. Fifteen of the projects are in exploration earn-in or formal joint venture agreements with eight companies who provide exploration funding. The Company applies the extensive exploration experience and high-end technical skills of its founders to search for and acquire new precious metal exploration projects that are then offered for joint venture. AuEx is listed on the Toronto Stock Exchange under the symbol XAU.

AuEx Ventures, Inc.

By: Ronald L. Parratt, President & CEO

Contact: Ronald L. Parratt 775-337-1545 or rparratt@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.

This press release uses the terms "indicated resources" and "inferred resources", which are calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. We advise investors that while those terms are recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize them. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. In addition, "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. U.S. investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally minable.

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Tue Jun 1, 2010
Timothy M. Janke Joins Auex As VP & COO

AuEx Ventures, Inc. ("AuEx" or the "Company") is pleased to report that effective June 1, 2010, Mr. Timothy M. Janke has joined the Company as Vice President & Chief Operating Officer. In this new position, Mr. Janke's primary responsibility will be oversight for development related activities for the Companies 49% owned Long Canyon gold project in Elko County, Nevada.

Commenting on the new addition to the team, Ronald L. Parratt, President & CEO of AuEx stated "AuEx is fortunate to have the services of Tim Janke at this important time as the Company transitions from strictly exploration to a non-operating owner of a producing gold asset. Tim's experience is an ideal fit and will greatly benefit the company. The Company will expend approximately $5,000,000 in engineering, metallurgy and related costs during 2010 and Tim will provide oversight for these important activities as the project moves forward."

Mr. Janke holds a B.Sc. in Mining Engineering from the Mackay School of Mines, University of Nevada, Reno. He has over 35 years of experience principally in gold operations. He was employed by Homestake Mining Company for 22 years and served in a variety of capacities including General Manager of the Ruby Hill Mine near Eureka Nevada, General Manager of the Pinson Mine near Winnemucca, Nevada, General Manager of the Nickel Plate Mine near Hedley, BC, and Mine Operations Superintendant for the McLaughlin mine in Lower Lake, California. More recently Mr. Janke was employed by Goldcorp, Inc. where he served as General Manager of the Marigold Mine near Valmy, Nevada. Mr. Janke will be employed initially on a half time basis working as needed with the expectation that this role will grow as development of the Long Canyon gold deposit advances.

Pursuant to the Company's shareholder approved stock option plan, the board of directors of AuEx has granted Mr. Janke stock options on a total of 100,000 shares of the Company's common stock exercisable for up to five years at a price of Cdn$3.30 per share being the closing price of AuEx's common shares on the day prior to grant. The options granted will vest as to one-third on each six month anniversary of the date of grant and will be subject to applicable regulatory hold periods.

AuEx Ventures, Inc. is a precious metals exploration company that has a current portfolio of nineteen exploration projects in Nevada, one project in Utah, four projects in Argentina and one project in Spain. The Company controls about 167,000 acres of unpatented claims and fee land in prospective areas of Nevada. Thirteen of the projects are in exploration earn-in or formal joint venture agreements with eight companies who provide exploration funding. The Company applies the extensive exploration experience and high-end technical skills of its founders to search for and acquire new precious metal exploration projects that are then offered for joint venture. AuEx is listed on the Toronto Stock Exchange under the symbol XAU.

AuEx Ventures, Inc.

By: Ronald L. Parratt, President & CEO

Contact: Ronald L. Parratt 775-337-1545 or rparratt@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.

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