New Long Canyon Drill Hole  

RENO, NV - AuEx Ventures, Inc. reported new gold intercepts from drilling completed northeast of the known resource area at the Company's 49% owned Long Canyon gold exploration project located within the Pequop Gold District in Elko County, Nevada. These intercepts include hole LC444 with 0.154 ounces per ton gold over 210 feet, hole LC462 with 0.259 ounces per ton gold over 65 feet, and hole LC459 with 0.175 ounces per ton gold over 88.5 feet. These holes are all infill to the previously reported large step-outs and suggest significant resource expansion potential in the NE sector resulting from these continued large grade thickness intercepts of classic, oxidized, Carlin-style gold mineralization.

True widths of the mineralized intervals will be determined by geologic modeling. The intercept calculations use a cut-off grade of 0.30 g/t gold. Results less than 1 g/t are not reported in this press-release table. "C" indicates core holes.

Drilling activity currently underway at Long Canyon includes 5 drill rigs conducting primarily resource definition and resource expansion mostly in the northeastern portion of the deposit. To date more than 99,000 feet (30,000 meters) of drilling has been completed of a planned 149,000 feet (45,000 meters). Current work also includes a 6 inch core program to source material for further metallurgical test work. This material will supplement four, 15 ton samples which were recovered from outcrop earlier this year. All of this material will be used for further column leach testing to confirm gold recoveries. Metallurgical test work completed to date indicates that mineralization is treatable using conventional gold recovery techniques.

The growing Long Canyon gold deposit consists of multiple, sub-parallel northeast-directed zones of oxidized Carlin-style gold mineralization aggregating 800 to 1,000 feet (240 to 300 meters) in width with a current strike length of approximately 1.70 miles (2.7 km) that remains open to extension. Mineralization outcrops in the central portion of the deposit, plunges shallowly to the northeast and is amenable to open pit mining. In addition, significant untested exploration potential is still apparent within the 12,000 acre property based on geological mapping and surface sampling.

As reported to AuEx by Fronteer Gold, 51% owner and operator, all drill samples were collected following standard industry practice and assayed by ALS Chemex of Reno, Nevada. Gold results were determined using standard fire assay techniques on a 30 gram sample with an atomic absorption finish. Samples exceeding 5 grams per tonne gold were re-assayed using a gravimetric finish and the values received were reported in the averages. QA/QC included the insertion of numerous standards and blanks into the sample stream, and a check assaying program that is underway at another laboratory.

The company's address is 940 Matley Lane, Suite 17, Reno, NV 89502, 775-337-1545, fax: 775-337-1542, email: [email protected].