XAU GoldMoney Inc

AuEx Ventures, Inc. (TSX: XAU) ("AuEx" or the "Company") is pleased to report that more detailed metallurgical tests confirm the recovery rate of the mineralization at Long Canyon is amendable to low-cost conventional, heap leach processing. Long Canyon is an emerging oxide gold deposit located in northeast Nevada.

--  Metallurgical results demonstrate excellent gold recoveries
--  Aggressive resource definition and expansion

Fronteer Gold Inc. ("Fronteer") reported to the Company that twenty-one core composites from three cross-sections drilled in May 2009 were submitted to McClelland Laboratories Inc. in Sparks, Nevada, for more comprehensive metallurgical testing, including: bottle-roll and column leach tests, permeability, flotation, gravity and comminution testing. The metallurgical tests provided a more detailed understanding of gold recoveries than what was previously provided by column-leach testing of bulk samples taken exclusively from road cuts. Composites were column-leach tested using crush sizes of: 80% passing -12.5mm, -25mm and -50mm crush sizes to determine gold recovery, recovery rate and reagent requirements under simulated heap leach conditions. Of composite material representing 82% of the deposit's total ounces, column leach gold recoveries for high- and medium-grade samples (greater than 1.26 g/t gold) averaged 88% for -12.5mm, 87% for -25mm and 85% for -50mm crush sizes. A portion of the low-grade (less than 1.26 g/t gold) rock-types exhibited sensitivity to crush size and achieved lower recoveries than the high- and medium-grade composites. However, these rock-types represent approximately 8% of the deposit's contained ounces based upon current geologic interpretation. The majority of gold leaching (greater than 80% leachable gold) occurred within a 10 to 40 day period with the coarser columns taking a little longer than the finer crushed columns.

Hydraulic conductivity measurements were two orders of magnitude higher than typical heap percolation rates indicating that no solution flow problems are anticipated for any of the composites tested. The composites did not respond well to flotation or gravity concentration likely owing to its totally oxidized nature and lack of any significant elemental gold. Comminution tests showed that the composites have low hardness and abrasion index numbers, compared to the majority of gold milling operations processing whole rock material around the world. Low energy input and low materials wear rates are expected if a mill is needed for processing all or a portion of the Long Canyon resource.

As part of the $19.8-million development/exploration program aggressive resource definition and expansion continues at Long Canyon with six drill rigs currently operating on site and at least 45,000 metres of drilling planned, with an emphasis on resource definition and resource expansion. In addition the required metallurgical, engineering, and environmental work necessary to move Long Canyon to pre-feasibility stage will be conducted.

Fronteer is majority owner (51%) and operator of Long Canyon in joint-venture with the Company (49%).

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

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. AuEx is listed on the Toronto Stock Exchange under the symbol XAU.

AuEx Ventures, Inc.

Ronald L. Parratt, President & 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