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Nov 10, 2008: News Releases: West Pequop Reports 73 Feet At 0.37 Ounces Gold Pe... (more...)

Oct 27, 2008: News Releases: Strong Gold Results Continue At Long Canyon (more...)

Oct 24, 2008: News Releases: Drilling Commences At North Klondike (more...)

Dec 26, 2007: Resource World Radio broadcast: Interview with President Ronald Parratt show #38 just following the 22 minute mark.(more...)

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AUEX VENTURES INC.

AuEx Ventures, Inc. ("AuEx") is a Nevada focused precious metals exploration company formed in 2003 to capitalize on the in-depth experience, technical capability and historical successes of the founding management team. AuEx trades on the Toronto Stock Exchange under the symbol XAU. The company believes that the joint venture business model is the most effective approach to the mineral exploration business because it: a) reduces financial risk, b) minimizes share dilution and c) optimizes exposure for exploration success.

AuEx controls about 80,000 acres of unpatented mining claims and fee land and has a current portfolio of 20 exploration projects in Nevada- 9 of which are under exploration earn-in or joint venture agreements. The company also has a major iron oxide copper gold (IOCG) project in Spain and their wholly owned subsidiary. AuEx Argentina, S.A. control 5 projects in Santa Cruz Province Argentina- 2 of which are in exploration earn-in agreements with Agnico-Eagle (USA), Ltd. The company funds 100% of an ongoing generative program in Nevada and 30% of a generative program in Argentina that is 70% funded by Agnico-Eagle.

2008 EXPLORATION HIGHLIGHTS:

2008 has been an exciting year for exploration on AuEx projects with more exploration dollars being spent than any other year since the company was formed. Over $8,000,000 will be expended this year by AuEx and its partners with major emphasis on the West Pequop and Long Canyon projects. In June of this year, Agnico-Eagle (USA), Ltd. completed their $5,000,000 earn-in at the West Pequop project and vested an undivided 51% interest. Agnico subsequently decided to carry AuEx through bankable feasibility to earn an additional 19% in the project for a total 70% undivided interest. Agnico has drilled continuously throughout 2008 with further good results at Mountain Top and Section 34.

Fronteer Development Group completed their $5,000,000 earn-in at Long Canyon in September of this year and subsequently decided to remain at 51%, requiring AuEx to join with them pro-rata on continuing exploration expenses. Work at Long Canyon during the year has been very successful with excellent grade gold mineralization being extended significantly to the northeast where it remains open. Drilling to the southwest within the 1,600 feet of untested soil anomaly was delayed by permitting during 2008, but drill site access has now commenced and some work may be completed by year-end. The Long Canyon mineral system has a known strike length of over a mile and is still open. All mineralization is oxidized and outcropping or very shallow. An initial resource estimate is planned to be completed by February 2009.

During 2008, AuEx signed a four property exploration earn-in agreement with Eldorado Gold Corp. The properties involved include: Buffalo Canyon, Green Monster, Hays Canyon and Klondike North. Exploration activity funded by Eldorado, and carried out by AuEx, commenced this summer and has progressed well with Klondike North drilled late this year. Work has continued on other AuEx projects in Nevada, the company's project in Spain and on the projects in Argentina. Overall, a most exciting and eventful year!

2009 EXPECTATIONS:

The new year is expected to be an even more significant year for AuEx with the company and its funding partners expected to expend over $10 million on exploration and development activity. This will include significant drilling expenditures at Long Canyon and West Pequop, further exploration by Eldorado Gold, drilling by Agnico-Eagle at Meridiano in Argentina and continuation of generative activity in Nevada and Argentina.

JOINT VENTURE OPPORTUNITIES:

The company continues to leverage the extensive in-house exploration experience and high-end technical skills of its founders to grow its portfolio of exploration projects. AuEx will then offer projects it has advanced to select partners under exploration earn-in/joint venture arrangements following its joint venture business model. Subsequent exploration will, with good fortune, lead to discovery and additional value creation for AuEx shareholders.

For a complete list of AuEx Ventures, Inc. Joint Venture Opportunities, please visit www.auex.com; go to Exploration then Property Summary.


STOCK QUOTE
Date: 11-21-2008
Time: 15:58
Last: $C 1.18
Volume: 20160
Change: +0.05
15-20 min delay

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