Mountain Top Yields 30 Feet At 0.280 Ounce Per Ton

RENO, NV - AuEx Ventures, Inc. reported additional assay results from the West Pequop 2007 drill program. WNC-101, the first hole drilled in the Mountain Top target, reported a new high-grade gold intercept of 30 feet grading 0.280 ounces of gold per ton (opt). The Section 34 area also continued to provide good results with drill hole WN-095 intercepting 75 feet grading 0.210 opt and drill hole WN-090 intercepting 50 feet grading 0.131 opt. The Company's West Pequop gold exploration project located in Elko County, Nevada is being operated and funded by Agnico-Eagle (USA) Limited ("Agnico-Eagle") under an exploration earn-in agreement. In 2007, Agnico-Eagle completed 34 holes amounting to over 27,000 feet of reverse circulation drilling and over 6,300 feet of core drilling in the Section 34 and Mountain Top target areas of West Pequop. Drilling paused for the holiday season and Agnico-Eagle has indicated that drilling resumed in early January.

Commenting on the new results, Ronald L. Parratt, CEO of AuEx stated "These new results at Mountain Top continue to support the belief that both the West Pequop and the Company's adjoining Long Canyon projects contain a new district of Carlin-type gold mineralization "off trend" in eastern Nevada. With exploration still in early stages, we are optimistic that additional gold mineralization will be discovered".

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