XAU GoldMoney Inc

AuEx Ventures, Inc. ("AuEx" or the "Company") (TSX: XAU) is pleased to report 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.

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                            Inter-                             Inter-
                             cept                               cept
Hole ID     From     To    Length     Au     From       To    Length     Au
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           (feet) (feet)    (feet) (oz/t) (metres) (metres)  (metres)  (g/t)
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LC443C     391.0  474.0        83  0.175    119.2    144.5      25.3   5.98
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incl       451.5  457.0       5.5  0.619    137.6    139.3       1.7  21.20
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LC444C     617.0  827.0       210  0.154    188.1    252.1      64.0   5.27
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incl       776.0  794.0        18  0.473    236.5    242.0       5.5  16.19
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LC459C     326.0  414.5      88.5  0.175     99.4    126.3      27.0   5.99
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including  351.5  371.0      19.5  0.317    107.1    113.1       5.9  10.86
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LC462C     457.0  522.0        65  0.259    139.3    159.1      19.8   8.87
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including  501.0  517.0        16  0.531    152.7    157.6       4.9  18.17
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LC466C     437.0  492.0        55  0.054    133.2    150.0      16.8   1.84
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LC476C     447.0  515.0        68  0.152    136.2    157.0      20.7   5.21
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including  477.0  504.0        27  0.292    145.4    153.6       8.2  10.01
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LC477C     563.0  604.0        41  0.247    171.6    184.1      12.5   8.46
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LC478C     422.0  495.0        73  0.150    128.6    150.9      22.3   5.14
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including  437.0  442.0         5  0.642    133.2    134.7       1.5  22.00
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LC480      450.0  565.0       115  0.073    137.2    172.2      35.1   2.49
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including  510.0  535.0        25  0.204    155.4    163.1       7.6   6.97
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and        875.0 1020.0       145  0.035    266.7    310.9      44.2   1.20
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LC488C     517.0  527.0        10  0.029    157.6    160.6       3.0   1.01
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LC492      340.0  345.0         5  0.045    103.6    105.2       1.5   1.54
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LC495C     353.0  368.0        15  0.121    107.6    112.2       4.6   4.15
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and        381.0  398.5      17.5  0.208    116.1    121.5       5.3   7.11
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LC500C     371.0  418.0        47  0.150    113.1    127.4      14.3   5.14
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LC505C     348.5  367.5        19  0.052    106.2    112.0       5.8   1.79
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LC516      870.0 1005.0       135  0.081    265.2    306.3      41.1   2.78
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including  940.0  960.0        20  0.310    286.5    292.6       6.1  10.61
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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.

Drill holes LC460-461, LC465, LC467C, LC468-470, LC472-LC473, LC475, LC479, LC481C, LC482-483, LC486-LC487, LC489-490, LC494, LC496-LC497, LC499, LC501, LC503-LC504, LC507-LC508 and LC512-LC514 had no reportable intercepts. A drill hole location map is attached and posted on the Company's website. To view the map, please click on the following link: http://media3.marketwire.com/docs/xau719.pdf

Ronald L. Parratt, Certified Professional Geologist, is the Company's designated Qualified Person for this news release.

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. A table containing all drill results to date using a 0.3 gram/tonne cutoff is posted on the Company's website. All data, as reported to the Company by Fronteer and disclosed in this press release, including sampling, analytical and test data, have been reviewed by the Company's qualified person Mr. Eric M. Struhsacker, M.Sc., and Certified Professional Geologist as recognized by the American Institute of Professional Geologists. Further details concerning the Long Canyon property are described in the Company's National Instrument 43-101 report filed on Sedar and posted on the Company's website at www.auex.com.

AuEx Ventures, Inc. is a TSX listed precious metals exploration company that has a current portfolio of twenty one exploration projects in Nevada/Utah, one project in Spain and four projects in Argentina. The Company controls about 167,000 acres of unpatented mining claims and fee land in Nevada. Fifteen of the projects are in joint venture or exploration earn-in agreements with eight companies. The Company applies the extensive Nevada 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. This press release uses the terms "indicated resources" and "inferred resources", which are calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. We advise investors that while those terms are recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize them. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. In addition, "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. U.S. investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally minable.

Contacts: AuEx Ventures, Inc. Ronald L. Parratt 775-337-1545 rparratt@auex.com www.auex.com