AuEx Ventures, Inc.
TSX VENTURE : XAU

AuEx Ventures, Inc.

March 20, 2008 12:39 ET

AuEx Ventures, Inc.: Trinity Silver Returns 110 Feet at 2.24 Ounce Per Ton Silver

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 20, 2008) - AuEx Ventures, Inc. ("AuEx" or the "Company") (TSX VENTURE:XAU) reports assay results from drilling at the Trinity Silver project located in Pershing County, Nevada. The most significant intercepts were in hole TS-022 where 110 feet of 2.24 ounce per ton ("opt") silver was intercepted. Several holes had intercepts of 20 feet or more at grades above 2 opt. This drilling was to follow up assay results from drilling completed in June and July 2006 that showed 4 of the 10 core holes contained 5 to 10 foot thick intercepts of 10.0 opt silver or greater with a high value of 25.99 opt silver. The drilling program completed in October 2007 consisted of 15 reverse circulation angle holes totaling 9,375 feet funded by Piedmont Mining Company pursuant to an exploration earn-in agreement.

Ronald L. Parratt, President and CEO of AuEx, said: "We are pleased the results from this second phase of drilling confirmed the continuation of silver mineralization beneath and along trend of the former producing Trinity Silver mine open pit. We had hoped this drilling would lead to a clearer definition of the orientation of the higher grade zones of silver mineralization but complications from post-mineral faulting have made the definition and interpretation of these zones difficult. AuEx and Piedmont are reviewing the results and will decide the next phase of exploration for this project in the near future."

New assay results for intercepts greater than 0.70 ounce per ton (24 grams per ton) silver are as follows;



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Total Drill Drill Silver at a Silver at a
Depth From To Intercept Intercept 0.70 opt cut 24 gpt cut
Hole (feet) (feet) (feet) (feet) (meters) off (opt) off (gpt)
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TS-012 685 25 45 20 6.10 0.83 26
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TS-013 745 230 255 25 7.62 0.83 26
445 465 20 6.10 1.16 36
500 530 30 9.15 0.98 30
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TS-015 665 95 125 30 9.15 1.12 35
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TS-019 405 220 260 40 12.20 1.05 33
295 335 40 12.20 1.06 33
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TS-020 500 145 155 10 3.05 0.86 27
190 230 40 12.20 1.04 32
300 310 10 3.05 0.89 28
325 335 10 3.05 1.24 38
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TS-021 725 465 490 25 7.62 2.68 83
inclu- 470 480 10 3.05 5.06 157
ding 565 655 90 27.44 1.28 40
665 675 10 3.05 1.34 43
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TS-022 765 215 225 10 3.05 1.52 47
inclu- 245 355 110 33.53 2.24 70
ding 290 300 10 3.05 5.28 164
365 415 50 15.24 3.87 120
445 455 10 3.05 0.85 26
465 475 10 3.05 0.81 25
570 590 20 6.10 1.06 33
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TS-023 745 260 280 20 6.10 1.94 60
325 340 15 4.57 2.18 68
640 655 15 4.57 0.82 26
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TS-024 645 510 535 25 7.62 0.85 27
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Drill holes TS-011, TS-014, TS-016, TS-017, TS-018 and TS-025 did not
contain assay results meeting the minimum reporting criteria of 0.70 ounce
per ton (24.grams per ton) silver. All intercepts are reported as drilled
and may not represent true thickness.


The silver intercepts reported above contain values of lead and zinc ranging mostly from about 0.20% to about 2.00% on a combined basis. The two intercepts reported for hole TS-19 for example, contained 1.84% and 2.15% combined lead and zinc respectively which may be of importance to the project.

The results from this phase of angle, reverse circulation drilling have confirmed the continuation of silver mineralization beneath and to the southwest of the Trinity open pit as indicated by historic conventional rotary drilling conducted by US Borax in the 1980's and by a core drilling program conducted in 2006 by Piedmont (AuEx press release NR06-11). In addition, this drilling has confirmed the presence of additional silver mineralization to the immediate southeast of the pit potentially in a parallel structural zone. Specific structural controls for this mineralization and the main Trinity zone are still not clear however due to complications resulting from extensive post-mineral faulting. The complexity of this faulting was recognized initially from geological mapping conducted by Piedmont in the Trinity pit and now been confirmed by drilling. The various fault breccias identified create difficulty in geologic interpretation and in sample recovery. The results of the current drilling program remain under evaluation by both Piedmont and AuEx with recommendations for further work expected shortly.

All drill samples were collected following standard industry practice and were assayed by American Assay Laboratories, Inc. of Sparks, Nevada. Silver results were determined using Inductively Coupled Plasma (ICP) with a two acid sample digestion on a 30 gram sample with samples exceeding 100 parts per million re-assayed using a 30 gram sample fire assay with a gravimetric finish. QA/QC included the insertion of numerous standards and blanks into the sample stream.. All data disclosed in this press release including sampling, analytical and test data have been reviewed by the Company's qualified person Mr. Ronald L. Parratt, M.Sc., and Certified Professional Geologist. Further details concerning the Trinity Silver property are described in the Company's website.

AuEx Ventures, Inc. is a Tier 1 TSX.V listed precious metals exploration company that has a current portfolio of eighteen exploration projects in Nevada, one project in Spain and a generative exploration program in Argentina. The Company controls over 80,000 acres of unpatented mining claims and fee land. Ten of the projects are in joint venture agreements with seven companies who provide 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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