Recent Press Releases:

March 04, 2010		West Pequop Final 2009 Drill Results And Exploration Update
November 17, 2009		Additional Gold Mineralization Drilled At West Pequop
January 22, 2009		West Pequop Returns 141 Feet At 0.238 Ounces Gold Per Ton
Nov 10, 2008		West Pequop Reports 73 Feet At 0.37 Ounces Gold Per Ton, Including 44.3 Feet At 0.50 Ounces Gold Per Ton
Oct 8, 2008		Core Drilling At West Pequop Returns New High-Grade Intercepts
June 19 , 2008		Agnico-Eagle Vests 51% At West Pequop And Elects To Carry Auex To Earn Additional 19%
January 9 , 2008		Mountain Top Yields 30 Feet At 0.280 Ounce Per Ton At West Pequop
September 24, 2007		Additional West Pequop Assays
June 28, 2007		Significant Drill Offset to Gold Mineralization
May 1, 2007		West Pequop Drilling Commences
January 9, 2007		New Gold Mineralization Discovered
October 12, 2006		West Pequop Drilling Commences - Two New Projects Acquired
May 30, 2006		AuEx Divides Pequop and Enters Into Letters Of Intent For Two Joint Ventures

PEQUOP: The New Gold District in Nevada.     Mountain Top Drill Hole 10-22-2008 View PDF Version NE Sec 34 Drill Holes 11-09-2008 View PDF Version Acrobat Drilling 6-18-2008 Sec 34 Drilling 6-18-2008 Mountain Top Drilling 6-18-2008 Sec 34 Drilling Drill rig at Acrobat Discovery outcrop Mountain Top Jan 2008 Mountain Top July 2008 Section 34 Target Area 2008 Drill Hole Locations Jan.09 West Pequop & Long Canyon Drill Hole Locations Jan 09 Diamond Drill Core Hole WNC101 Diamond Drill Core Hole WNC135 Diamond Drill Core Hole WNC133

Target: Numerous primary gold targets exist that include both drilled and undrilled surface mineralization with multigram gold samples. The most advanced drilling is at Acrobat and Juggler where steep down dip extensions need to be followed down a graben bounding fault with intercepts including a half ounce of gold. Undrilled targets include Mountain Top and SW Section 34. Numerous lower level anomalies with less than 1 gram gold and good Carlin style geochemistry need to be followed up over many square miles.

Location: The West Pequop Project is about 20 miles ESE of Wells Nevada, just south of Highway 80 by about 7 miles in Elko County Nevada. The project area encompasses approximately 8,300 acres consisting of 7,000 acres of unpatented mining claims, 1,220 acres of leased fee land and 160 acres of surface rights.

Ownership: A joint venture agreement was signed with Agnico-Eagle, Inc. of Toronto. It provides for the parties to enter into an exploration earn-in agreement pursuant to which Agnico may earn a 51% interest in the western portion of AuEx's Pequop project including the Acrobat/Juggler, Section 34 and Mountain Top areas of mineralization. Agnico may earn a 51% interest by spending $5,000,000 over a five year period and is committed to spend at least $600,000 in the first year. Upon Agnico earning its 51% interest, a joint venture will be formed. Agnico may then elect to earn an additional 19% by completing all subsequent expenditures through completion of a feasibility study.

History: Exploration beginning in the mid 1990's in the Pequop Mountains by Pittston Nevada Gold discovered gold bearing jasperoids on the west side of the range after following up anomalies from a regional BLEG survey. Gray jasperoids running multigram gold eluded discovery because they were the same color as the surrounding carbonate rocks. Extensive exploration including geologic mapping, geochemistry (stream sediment, soil, ridge and spur, and rock chip sampling), geophysics including a helicopter geophysical survey including magnetics, radiometrics and resistivity, and drilling of both core and RC at Acrobat, Juggler and Section 34 were aggressively carried out through 2000.

Geology: West Pequop mineralization is hosted in shelf carbonates of Cambrian age. Mineralization is largely confined to the regionally equivalent Cambrian Notch Peak Formation. Mineralization is both in bedded units and on high angle structures one of which is part of a series of graben bounding faults.