VANCOUVER, BC – AuEx Ventures, Inc. reported a new high-grade gold intercept of 75 feet grading 0.391 ounces of gold per ton (opt) extending gold mineralization in the Main Zone another 200 feet northeast at the Company’s Long Canyon gold exploration project located in Elko County, Nevada. These results were provided by Fronteer Development Group, Inc. from an initial phase of core drilling conducted in late 2007 and funded by Fronteer under an exploration earn-in agreement covering the Long Canyon gold exploration property. A total of 6 core holes totaling 2,005 feet were completed by Fronteer in the recent program. Assays for the four remaining core holes are pending. Over 11,000 feet of reverse circulation drilling and over 2,000 feet of core drilling were completed by Fronteer during 2007 at Long Canyon.

Commenting on the new results, Ronald L. Parratt, CEO of AuEx Ventures, Inc., stated, “These new assay results in hole 63C at the Main Zone of Long Canyon are outstanding and the shallow depth and the oxidized character of the mineralization, make Long Canyon truly an exciting discovery.” New assay results are summarized as follows:

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From To Width Au From To Width Au

Hole ID (feet) (feet) (feet) (opt) (metres) (metres) (metres) (g/t)

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LC062c 78.5 88.5 10.0 0.009 23.9 27.0 3.1 0.32

112.5 129.0 16.5 0.009 34.3 39.3 5.0 0.32

164.0 199.0 35.0 0.017 50.0 60.7 10.7 0.57

268.5 295.5 27.0 0.059 81.9 90.1 8.2 2.03

LC063c 144.0 219.0 75.0 0.391 43.9 66.8 22.9 13.40

Including 166.0 194.0 28.0 0.763 50.6 59.1 8.5 26.1

Including 166.0 189.0 23.0 0.879 50.6 57.6 7.0 30.1

Including 180.0 189.0 9.0 1.231 54.9 57.6 2.7 42.2

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The Main Zone of gold mineralization at Long Canyon has now been defined by drilling to be almost 3,500 feet in length and remains open to the northeast, the southwest and at depth. Another 1,600 feet of the defined soil anomaly to the southwest remains untested by drilling. Mineralization has now been extended 500 feet northeast beyond the limits of the soil anomaly and remains open. The West Zone of mineralization has a drill defined strike length of about 1,000 feet and remains open as well to the northeast, the southwest and at depth. Fronteer has reported to the Company that they plan an aggressive drill program in 2008 consisting of both core and reverse circulation drilling which is expected to begin in June.

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