Long Canyon Gold Resource Increases Significantly 

RENO, NV - AuEx Ventures, Inc. reported an updated resource estimate for the Company's 49% owned Long Canyon gold deposit located within the Pequop Gold District in eastern Elko County, Nevada. The resource has grown significantly and exploration results continue to demonstrate the growth potential of the Long Canyon gold deposit.

The Classified Mineral Resource estimate is quoted at a cut-off grade 0.2 grams per tonne ("g/t") and consists of;  A Measured and Indicated resource of 672,000 ounces of gold at an average grade of 1.71 g/t gold (12,240,000 tonnes); and  An Inferred resource of 552,000 ounces of gold at an average grade of 1.65 g/t gold (10,394,000 tonnes). Ronald L. Parratt, President & CEO of AuEx stated "This new resource estimate continues to demonstrate the robustness and upside potential of Long Canyon and of the new Pequop Gold District. Mineralization still has significant growth potential and many exploration targets remain to be drill tested. Additional surface evaluation may lead to the identification of additional targets as well. Exploration activity is underway with five drill rigs working and with significant engineering, metallurgy and environmental work ongoing. We look forward to another exciting year for Long Canyon". The block-diluted resources are shown at additional cutoffs in order to provide grade-distribution information. Using a 0.3 g/t cut-off, as was used for the 2009 initial resource, the 2010 resource contains an increase over the 2009 estimate of 81% for resources in the Measured & Indicated category and a 17% increase for resources in the Inferred category. The focus in 2009 was on infill drilling with less step-out drilling. It is important to note that at a higher 1.0 g/t cut-off, the total resource ounces are only slightly reduced however the grade of mineralization more than doubles demonstrating the robust, high-grade nature of the deposit (Measured and Indicated resource of 558,000 ounces at an average grade of 3.67 g/t gold (4,729,000 tonnes) and, Inferred resource of 456,000 ounces at an average grade of 3.97 g/t gold (3,571,000 tonnes) . The 2010 exploration and development program for Long Canyon is budgeted at $19,800,000 funded 49% by AuEx and will consist of 45,000 metres of additional infill drilling as well as significant step-out drilling to help further define the limits of the deposit. Further surface exploration consisting of soil and rock chip sampling is also planned to define additional exploration targets on the large property package. Further column leach metallurgical testing, geotechnical evaluation and other engineering activities are underway to move the project to the pre-feasibility stage. The Long Canyon deposit is subject to a joint venture agreement with Fronteer Gold, Inc. the 51% owner and operator. AuEx Ventures, Inc. is a precious metals exploration company that has a current portfolio of nineteen exploration projects in Nevada, one project in Utah, four projects in Argentina and one project in Spain. The Company controls about 167,000 acres of unpatented claims and fee land in prospective areas of Nevada. Fifteen of the projects are in exploration earn-in or formal joint venture agreements with eight 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. The company's address is 940 Matley Lane, Suite 17, Reno, NV 89502, 775-337-1545, fax: 775-337-1542, email: [email protected].