AuEx Ventures, Inc.

AuEx Ventures, Inc.

November 26, 2007 08:01 ET

AuEx Ventures, Inc.: Long Canyon Mineralization Extended and Drilling Resumes

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 26, 2007) - AuEx Ventures, Inc. ("AuEx" or the "Company") (TSX VENTURE:XAU) is pleased to announce the remaining gold assay results provided by funding partner Fronteer Development Group ("Fronteer") from the Phase 1 reverse circulation drilling program completed in August and September at the Company's Long Canyon gold exploration property located in Elko County, Nevada. The 2007 reverse circulation drilling program consisted of 3,500 meters in 22 holes designed to test the extent of gold mineralization along strike and down dip in several zones documented by 39 holes drilled previously. Initial assay results for the Phase 1 program were reported on press release NR07-18 dated October 16, 2007.

Highlights of the recent drilling include the following intercepts defined by a low-grade cutoff of 0.3 grams per metric tonne of gold (gpt):

- 3.03 gpt gold over 16.8 meters, including 8.08 gpt gold over 4.6 meters, in drill hole LC054

- 2.34 gpt gold over 7.6 meters in drill hole LC058

- 2.39 gpt gold over 12.2 meters, including 6.02 gpt gold over 3.0 meters in drill hole LC059

- 2.98 gpt gold over 16.8 meters, including 11.84 gpt gold over 1.5 meters in hole LC060

The drill intercepts in holes LC054, LC059 and LC060 extend the known strike-length of gold mineralization in the newly defined "West Zone" over 60 meters to the south and 60 meters to the north from prior intercepts for a total strike length of over 300 meters. This mineralized zone, defined by a suspected northeast fault zone containing both altered dike material and jasperoid, is still open in both directions.

The 2007 reverse circulation drilling program has added definition to and extended the "Main Zone" of drill penetrated mineralization at Long Canyon to almost 1,000 meters in length and it is still open to the northeast and southwest. The Main Zone consists of multiple strands of both structurally and stratigraphically controlled mineralization. Almost 500 meters of the southwest portion of the target, defined by soil and rock chip geochemistry, remains undrilled. All intercepts are reported as drilled; investigations to determine true widths are ongoing. All drill intercepts from the current program consist of visually oxidized material. Preliminary cyanide amenability tests and check assays are in-progress for all gold intercepts.

Table 1 New gold intercepts from the Long Canyon Project as provided
by Fronteer.
------------- --------------------------------------------------------------
Includ- Includ-
ing ing Inter-
From To Intercept gpt From To cept gpt
Hole ID (m) (m) (m) Au (m) (m) (m) Au
LC-049 No results greater than 0.30 - - -
LC-053 No results greater than 0.30
LC-054 21.3 28.9 7.6 0.41
67.0 83.8 16.8 3.03 70.1 74.7 4.6 8.08
89.9 91.4 1.5 1.90
144.8 149.4 4.6 0.54
LC-055 No results greater than 0.30
LC-056 No results greater than 0.30
LC-057 27.4 28.9 1.5 0.60
LC-058 57.9 65.5 7.6 2.34
68.6 73.2 4.6 1.33
LC-059 38.1 39.6 1.5 0.44
50.3 62.5 12.2 2.39 56.4 59.4 3.0 6.02
65.5 67.0 1.5 0.31
68.5 70.0 1.5 0.38
LC-060 45.7 62.5 16.8 2.98 47.3 48.8 1.5 11.84
65.5 67.0 1.5 1.07
LC-061 No results greater than 0.30

Assay composites were calculated using a low grade cutoff of 0.30 grams per tonne. Reverse circulation samples were collected over five foot (1.52 meter) intervals.

Fronteer initiated a second phase of drilling at Long Canyon with a core rig in November 2007 that will conduct step-out drilling to the northeast on the main zone of mineralization and grade verification by twinning of previously-drilled reverse circulation drill holes. The program is expected to consist of about 8 holes totaling 1,000 meters to be completed by the end of the year.

As reported to AuEx by Fronteer, 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 Long Canyon property are described in the Company's National Instrument 43-101 report filed on Sedar and 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 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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