AuEx Ventures, Inc.
TSX : XAU

AuEx Ventures, Inc.

August 27, 2009 07:00 ET

AuEx Ventures, Inc.: Pequop South Gold Exploration Property Optioned

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 27, 2009) - AuEx Ventures, Inc. ("AuEx" or the "Company") (TSX:XAU) is pleased to announce that it has entered into an Exploration Earn-in Agreement ("Agreement") with Golden Dory Resources, Corp. ("GDR") of Gander, Newfoundland, Canada concerning the Company's Pequop South gold exploration property located about 8 miles south of the Company's Long Canyon gold deposit in eastern Elko County, Nevada. The Pequop South property consists of 79 unpatented mining claims owned by the Company.

Under the terms of the Agreement, GDR has paid the Company an initial payment of US$20,000 and has committed to expend a minimum of US$50,000 during the first agreement year. GDR is required to expend a minimum of US$2,850,000 and complete a bankable feasibility study within seven years to earn a 70% undivided interest in the South Pequop property. Should GDR expend US$5,000,000 or more and terminate its interest without vesting, it would be entitled to a 3% net smelter return royalty capped at twice its investment.

The South Pequop property is underlain by a northeast trending series of middle Paleozoic sedimentary rocks consisting predominately of limestone and dolomite with minor clastic units. Preliminary surface evaluation has identified areas of hydrothermal alteration including jasperoid and hematite bearing limestone breccias which are anomalous in gold and the pathfinder elements arsenic, barium and antimony indicative of potential Carlin style mineralization. The area was initially targeted for field review by AuEx using remote sensing techniques earlier in 2009.

All data disclosed in this press release including sampling, analytical and test data, have been reviewed by the Company's qualified person Mr. Eric M. Struhsacker, M.Sc., and Certified Professional Geologist as recognized by the American Institute of Professional Geologists.

AuEx Ventures, Inc. is a TSX listed precious metals exploration company that has a current portfolio of twenty three exploration projects in Nevada, one project in Spain and two projects in Argentina. The Company controls about 176,000 acres of unpatented mining claims and fee land in Nevada. Eight of the projects are in joint venture or exploration earn-in agreements with four companies. 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. This press release uses the terms "indicated resources" and "inferred resources", which are calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. We advise investors that while those terms are recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize them. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. In addition, "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. U.S. investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally minable.

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