Long Canyon Drill Hole Delivers 0.296 opt Over 145 Feet 

VANCOUVER, BC - AuEx Ventures, Inc. reported new gold intercepts from ongoing drilling completed in the northeast portion 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 LC529C with 0.296 ounces per ton gold over 145 feet (including 0.449 ounces per ton over 81 feet), hole LC515C with 0.190 ounces per ton gold over 137 feet, and hole LC537C with 0.248 ounces per ton gold over 66.5 feet bottoming in mineralization. All intercepts continue to be classic, oxidized, Carlin-style gold mineralization.

Three core and two reverse circulation drill rigs are currently active at Long Canyon completing primarily resource definition and resource expansion mostly in the northeastern portion of the deposit. To date more than 132,000 feet of drilling has been completed of a planned program of 149,000 feet. In addition, recent work has included a 6 inch core program to source 3 tons of mineralized rock for further column leach metallurgical test work. This core will be used in conjunction with four, 15 ton samples of mineralized rock that were excavated earlier this summer from outcrop. Drilling during 2010 continues to provide confirmation of known zones of gold mineralization and in addition several holes have defined new gold mineralization between previously defined zones on the northeast end of the deposit where it remains entirely open to further extension. Several new drill holes have also encountered thicker zones of gold mineralization than commonly encountered. Drilling on the southwest end of the deposit has also provided encouragement specifically with hole LC560 which returned 0.091 ounces per ton over 30 feet with a second zone of 0.049 ounces per ton over 55 feet representing a potential extension of the West Zone. Gold mineralization is present over a strike length of 1.7 miles (2.7 kilometers) and is still open. Other exploration targets are being developed on the 12,000 acre property based on extensive soil and rock chip sampling and geological mapping. 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].