AuEx Ventures, Inc.
TSX : XAU

AuEx Ventures, Inc.

April 01, 2010 13:54 ET

AuEx Ventures, Inc.: Trinity Agreement Signed With Liberty Silver Corp.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 1, 2010) - AuEx Ventures, Inc. (TSX:XAU) ("AuEx" or the "Company") is pleased to report the signing of a new exploration earn-in agreement with Liberty Silver Corp. ("LBSC") regarding the Company's Trinity Silver project located approximately 18 miles northwest of Lovelock in Pershing County, Nevada. The Trinity Silver project consists of a leasehold interest in 59 unpatented mining claims and approximately 5,040 acres of fee land.

Under the terms of the agreement, Liberty Silver Corp. (LBSV, OTCBB) paid the Company $25,000 on signing and is required to expend a minimum of $5,000,000 within a 6 year period and complete a bankable feasibility study to earn an undivided 70% interest in the property. The first year work obligation of $500,000 is committed

Historical records show that silver mineralization was discovered at Trinity by U.S. Borax in 1981 and was subsequently explored under a joint venture between U.S. Borax and Santa Fe Pacific Gold Corp. from 1982 until 1986. The result of these efforts was the development of the Trinity open pit mine that was in production for just over two years. During this time, five million ounces of silver were produced by heap leaching from one million tons of ore. Only the oxide portion of the deposit was mined at that time leaving the partially drilled out sulfide portion of the deposit in place. The property was subsequently explored further by Santa Fe Pacific Gold in the period 1990 to 1992. AuEx drilled 10 core holes in 2006 and 15 reverse circulation holes in 2007. This drilling confirmed the presence of additional silver mineralization in the sulfide zone below and adjacent to the old Trinity mine.

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 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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