AuEx Ventures, Inc.
TSX : XAU

AuEx Ventures, Inc.

April 08, 2010 07:00 ET

2010 Most Active Exploration Year yet for AuEx

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 8, 2010) - AuEx Ventures, Inc. (TSX:XAU) ("AuEx" or the "Company") is pleased to report that 2010 promises to be the most active exploration year ever for the Company. Total exploration expenditures, including funds from the Company and its eight industry partners, are expected to be about $29,000,000 and will include over 200,000 feet of core and reverse circulation drilling.

At the Company's Meridiano project, reverse circulation drilling is currently underway with additional drilling planned at the Company's La Rosita and Gertrudis properties later in the year. All three projects are located in Santa Cruz Province, Argentina and are under agreement with Agnico-Eagle Mines (USA), Limited. In Nevada, core drilling is to begin at the Long Canyon project with Fronteer Development Group, Inc. on April 8th and will then be followed by reverse circulation drilling scheduled to commence in May at the West Pequop project with Agnico-Eagle. Several other Nevada projects are planned for drilling later in the year including Buffalo Canyon and Green Monster with Eldorado Gold Corp., Pasco Canyon and Sinter with Christopher James Gold, Wood Hills South with NuLegacy Gold NV, South Pequop with Golden Dory Resources and Trinity with Liberty Silver Corp. Core drilling is scheduled to begin in southeast Spain with Western Uranium Corp. on April 12th and by then, the Company expects to have exploration drills active within all three countries of current exploration interest.

The $29,000,000 in aggregate expenditures anticipated for 2010 are topped by Long Canyon at about $20,000,000 (51% provided by Fronteer and 49% by AuEx) which includes significant engineering and related activity in addition to drilling, $3,500,000 at West Pequop, $1,500,000 in Argentina, $1,500,000 in Spain with the balance at the Company's other Nevada projects.

"2010 promises to be the most exciting year yet for AuEx with significant work planned to advance and grow the Long Canyon gold deposit and to explore the new Pequop Gold District as well as several other projects in Nevada, Argentina and Spain. We're very optimistic about the Company's opportunities for resource growth and potential new discoveries," said Ronald L. Parratt, AuEx's President & CEO.

In addition to the above activity, an updated resource estimate is in process for the Long Canyon project and an initial resource estimate is underway for the West Pequop project. Both are expected to be released during the 2nd quarter of 2010. The Company also expects to release an initial resource estimate for the Trinity Silver property later in 2010.

AuEx Ventures, Inc. is a precious metals exploration company that has a current portfolio of twenty one exploration projects in Nevada/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 full or partial 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.

Ronald L. Parratt, President & CEO

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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