AuEx Ventures, Inc.
TSX : XAU

AuEx Ventures, Inc.

February 23, 2010 07:00 ET

AuEx Ventures, Inc.: Sinter Agreement Signed With Christopher James Gold

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 23, 2010) - AuEx Ventures, Inc. ("AuEx" or the "Company") (TSX:XAU) is pleased to report the signing of a second new exploration earn-in agreement with Christopher James Gold Corp ("CJGC"). This agreement follows the signing of the Pasco Canyon earn-in agreement announced in press release NR10-04 on February 16, 2010. The Sinter project is located approximately 13 miles northwest of Lovelock in Pershing County, Nevada.

The Sinter project area contains a volcanic hosted, low-sulfidation, epithermal gold system defined at the surface by hot spring sinter, replacement silicification, argillic alteration and local quartz veining. A series of structural zones are present on the property and are believed to be the principle exploration targets. Under the terms of the agreement, CJGC is required to expend US$3 million within four years to earn an undivided 51% interest in the project. The agreement also provides an option for CJGC to earn an additional 19% for 70% total by expending an additional US$3 million on the property within the following three years. CJGC paid US$10,000 on signing and is obligated to spend a minimum of US$100,000 in the first year. Work commitments escalate over the 6 year earn in period.

Commenting on the new venture agreement President Ronald L. Parratt states, "We're very pleased to enter into this new agreement and build a stronger relationship with Christopher James Gold and Max Baker. AuEx and CJGC bring together complementary skills and substantial experience in exploring for epithermal gold deposits in the Walker Lane of Nevada. We look forward to a successful association."

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. Thirteen of the projects are in exploration earn-in or formal joint venture agreements with seven 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 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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