AuEx Ventures, Inc.
TSX VENTURE : XAU

AuEx Ventures, Inc.

December 07, 2007 08:00 ET

AuEx Ventures, Inc.: Fireball Ridge and Gypsum Valley Drilling Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 7, 2007) - AuEx Ventures, Inc. (TSX VENTURE:XAU) ("AuEx" or the "Company") wishes to announce gold assay results provided by funding partner Tournigan Gold Corporation ("Tournigan") from the reverse circulation drilling program completed by Tournigan in August at the Company's Fireball Ridge and Gypsum Valley low sulfidation, epithermal gold exploration properties located in Churchill County, Nevada. The 2007 reverse circulation drilling program at Fireball Ridge consisted of 7,060 feet in 18 holes designed to explore for gold mineralization along and related to two nearly parallel northeast trending faults which form a large structural horst block and the east west Nezelda fault which cross cuts through the horst block. The drill intercept reported in the Chevron target, hole TFB-013 with 55 feet grading 0.022 ounces per ton (opt), is encouraging in that this hole offsets a drill hole reported by a previous operator to contain 30 feet grading 0.227 opt. This intercept as well as all others at Fireball Ridge will be evaluated carefully in the coming months. Drilling at Gypsum Valley consisted of 2,040 feet in 4 holes exploring for gold along an intensely clay altered north-south fault. Drill holes with intercepts meeting the minimum grade requirement of 0.010 ounces per ton are as follows;



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From To Intercept
Hole ID (feet) (feet) (feet) opt Au Comments
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TFB-02 155 170 15 0.012 East Fault Target
200 205 5 0.041
225 235 10 0.040
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TFB-04 5 10 5 0.010 West Fault Target
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TFB-05 95 100 5 0.013 Nezelda Fault Target
120 130 10 0.010
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TFB-06 20 30 10 0.016 Nezelda Fault Target
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TFB-07 60 75 15 0.075 Nezelda Fault Target
135 140 5 0.011
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TFB-011 145 150 5 0.012 East Fault Target
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TFB-013 85 140 55 0.022 Chevron Target
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No other drill holes from Fireball Ridge or from Gypsum Valley meet the minimum reporting requirement although several holes contained intervals of anomalous (greater than 100 parts per billion) gold with supporting pathfinder geochemistry. Assay composites were calculated using a low grade cutoff of 0.010 ounces per ton and all samples were collected over five foot intervals.

Funding partner Tournigan Gold is continuing to review and analyze the results of both drilling programs but has not provided AuEx with its decision regarding future exploration at either property.

As reported to AuEx by Tournigan, all drill samples were collected following standard industry practice and were assayed by American Assay Laboratories, Inc. of Sparks, Nevada. Gold results were determined using standard fire assay techniques on a 30 gram sample with an atomic absorption finish. QA/QC included the insertion of numerous standards and blanks into the sample stream. All data, as disclosed in this press release including sampling, analytical and test data have been verified by the Company's qualified person Mr. Eric M. Struhsacker, M.Sc., and Certified Professional Geologist. Further details concerning the Fireball Ridge and Gypsum Valley properties are on the Company's website.

AuEx Ventures, Inc. is a Tier 1 TSX.V-listed precious metals exploration company that has a current portfolio of nineteen properties in Nevada, one project in Spain, and a generative exploration program in Argentina. The Company controls over 80,000 acres of unpatented claims and fee land. Eleven of the projects are in joint venture agreements with eight companies providing exploration funding. 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.

Ronald L. Parratt, President and 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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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