AuEx Ventures Inc. Drill Results Confirm And Extend Gold Zones At Long Canyon by 24hgold

Re: News Release - Monday, January 26, 2009
Title: Drill Results Confirm And Extend Gold Zones At Long Canyon

AuEx Ventures, Inc. ("AuEx" or the "Company") is pleased to report new gold drill intercepts, including hole LC160C returning 83.5 feet (25.4 meters) at 0.155 ounces per ton (5.32 grams per tonne) and hole LC161C returning 48 feet (14.6 meters) at 0.267 ounces per ton (9.15 grams per tonne), that infill and extend shallow, oxide gold mineralization at the Company's 49% owned Long Canyon gold exploration project located in Elko County, Nevada. Fronteer Development Group, Inc. ("Fronteer"), operator and 51% owner, provided these results to the Company from 23 additional holes completed during the 2008 drilling program. The combination core and reverse circulation drilling program totaling 164 holes was completed in early December and assays for a number of holes are still outstanding. Commenting on the results, Ronald L. Parratt, President and CEO stated "These results continue to demonstrate the size potential and continuity of the Long Canyon gold system. Mineralization continues to be oxidized, shallow and is still open. The 2009 drilling program will start with numerous mineralized holes to offset, initial drilling of the large southwest extension of the original soil anomaly and of course, extension drilling to the northeast. Several new exploration targets outside of these will be drill tested as well". The following table summarizes the new reportable assay results:

Hole ID	From	To	Intercept Length	Au	From	To	Intercept Length	Au	Zone
	(feet)	(feet)	(feet)	(oz/ton)	(meters)	(meters)	(meters)	(gpt)

LC139C	227	282	55	0.117	69.2	86.0	16.8	4.02	NE
including	241.5	243.2	1.7	1.183	73.6	74.1	0.5	40.53
	267	272	5.0	0.376	81.4	82.9	1.5	12.87
LC142C	287	306	19	0.080	87.5	93.3	5.8	2.74	NE
including	302	306	4.0	0.176	92.1	93.3	1.2	6.02
LC146C	177	187	10	0.033	54.0	57.0	3.0	1.12	Shadow
LC148C	202	217	15	0.017	61.6	66.2	4.6	0.58	Shadow
LC153C	291	306	15	0.025	88.7	93.3	4.6	0.87	Shadow
LC157C	62	77	15	0.012	18.9	23.5	4.6	0.41	NE
	115.5	136.5	21	0.036	35.2	41.6	6.4	1.23
LC159	420	435	15	0.024	128	132.6	4.6	0.81	Shadow
	455	475	20	0.033	138.7	144.8	6.1	1.13
	490	535	45	0.022	149.4	163.1	13.7	0.74
	645	655	10	0.033	196.6	199.6	3.0	1.12
LC160C	76	159.5	83.5	0.155	23.2	48.6	25.4	5.32	Shadow
including	81	106	25.0	0.446	24.7	32.3	7.6	15.29
	675.6	796	120.4	0.060	206.0	242.7	36.7	2.05	NE
including	684.4	693	8.6	0.225	208.7	211.3	2.6	7.70
LC161C	5	53	48	0.267	1.5	16.2	14.6	9.15	NE
including	23	38	15	0.519	7.0	11.6	4.6	17.78
LC162	395	450	55	0.100	120.4	137.2	16.8	3.42	Shadow
including	400	405	5	0.211	122	123.5	1.5	7.24
	580	605	25	0.018	176.8	184.5	7.6	0.62
	615	625	10	0.012	187.5	190.5	3.0	0.39
	630	650	20	0.011	192.1	198.2	6.1	0.38
	660	725	65	0.033	201.2	221	19.8	1.14
	775	785	10	0.015	236.3	239.3	3.0	0.53
LC163C	31	106	75	0.029	9.5	32.3	22.9	0.98	NE
including	66	70	4	0.253	20.1	21.3	1.2	8.67
LC164C	462	482	20	0.049	140.8	146.9	6.1	1.69	Shadow
LC165C	72.5	88	15.5	0.037	22.1	26.8	4.7	1.26	NE
LC166C	42	52	10	0.030	12.8	15.9	3.0	1.04	NE
LC171C	10	28	18	0.015	3	8.5	5.5	0.53	NE south
LC175	285	310	25	0.057	86.9	94.5	7.6	1.96	Shadow
	435	450	15	0.043	132.6	137.2	4.6	1.47
LC176	175	205	30	0.118	53.4	62.5	9.1	4.04	Shadow
including	185	190	5	0.219	56.4	57.9	1.5	7.49
	195	200	5	0.204	59.5	61	1.5	6.98

Drill holes LC143C, LC155C, LC168C, LC169C, LC170C and LC174C had no reportable intercepts. Drill hole ID numbers ending with a "C" indicate core holes with all others being reverse circulation holes.

Gold mineralization is present at Long Canyon in a series of multiple, parallel northeast directed zones aggregating 800 to 1,000 feet in width with a strike length of approximately 1.1 miles (1.7 kilometers) hosted within a sequence of eastward dipping Cambrian and Ordovician limestone and dolomite. Mineralization is oxidized, starts at the surface and is mostly, if not entirely, above the water table. The mineralization is still open to the northeast and 1,600 feet (480 meters) of surface anomaly on the southwest defined by gold soil chemistry and gold outcrop sample data is still undrilled. The 2009 exploration and development drilling program is expected to begin in April or May.

In addition to drilling, Fronteer continues to develop additional detailed geological mapping, soil geochemistry and geophysics as aids to understanding the distribution and controls of gold mineralization. This work is also developing new exploration targets on the large Long Canyon property. An NI 43-101 resource estimate is being generated for Long Canyon and is expected to be completed in late February 2009. In addition to further drilling, plans for 2009 are expected to include metallurgical testing, preliminary engineering evaluation and environmental baseline studies.

As reported to AuEx by Fronteer, all drill samples were collected following standard industry practice and were assayed by either American Assay Laboratories, Inc. of Sparks, Nevada or 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 10 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. Check assays and preliminary cyanide amenability testing is underway. All intercepts are reported as drilled using a 0.30 gram/tonne cut-off; true widths have not been determined. 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. Further details concerning the Long Canyon property are described in the Company's National Instrument 43-101 report filed on Sedar and are on the Company's website.

AuEx Ventures, Inc. is a TSX listed precious metals exploration company that has a current portfolio of twenty one exploration projects in Nevada, one project in Spain and two projects in Argentina. The Company controls about 80,000 acres of unpatented mining claims and fee land in Nevada. Eleven of the projects are in joint venture or exploration earn-in agreements with five 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.

By: Ronald L. Parratt, President and CEO

Contact:

Ronald L. Parratt 775-337-1545 or rparratt@auex.com

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.

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