AuEx Ventures, Inc.
TSX VENTURE : XAU

AuEx Ventures, Inc.

May 04, 2007 08:30 ET

AuEx Ventures, Inc.: Warrant Expiry Date Accelerated

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 4, 2007) - AuEx Ventures, Inc. (AuEx or Company) (TSX VENTURE:XAU) share price has closed on May 3rd, 2007 at or above US$2.00 per share for the 20th consecutive trading day and the Company is exercising its right to accelerate the expiry date of the remaining 1,987,500 common share purchase warrants that entitle the holder to acquire one common share of the Company at a price of US$1.50 for the next 30 days. The warrants would have otherwise expired on May 1, 2008.

AuEx Ventures, Inc. is a Nevada focused, precious metals exploration company with a current portfolio of 17 exploration projects controlling over 50,000 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 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.

Contact Information

  • AuEx Ventures, Inc.
    Ronald L. Parratt
    President & CEO
    (775) 337-1545
    or
    AuEx Ventures, Inc.
    Deborah Thiel
    Manager, Investor Relations
    (604) 541-9655