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Re:   News Releases - Thursday, March 04, 2010
      West Pequop Final 2009 Drill Results And Exploration Update
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AuEx Ventures, Inc. ("AuEx" or the "Company") is pleased to announce
the final 2009 drill results and an important new target developing in
the core of the mountain from the West Pequop project in joint venture
with operating partner Agnico-Eagle (USA), Limited. The 2009 drill
program at West Pequop consisted of 57 core and reverse circulation
drill holes totaling 51,359 feet. This release reports on the results
from the final 23 holes including holes

WN195 with 40 feet at 0.061 ounces per ton ("opt") gold,
WN202 with 40 feet at 0.083 opt gold,
WN203 with 45 feet at 0.058 opt gold, and
WN205 with 80 feet at 0.043 opt gold.

An updated table of all drill results for 2009 is posted on the
Company's website. The 2009 drilling program has provided better
definition of mineralization in the Acrobat/Juggler, Section 34 and
Mountain Top deposits and more data on the Range Front Target and on a
new target named Trapeze. An initial resource estimate is currently
underway for the three deposits at West Pequop and should be released
during the second quarter of 2010.

In addition to drilling, trenching across the structure at the Mountain
Top deposit included 85 feet at 0.141 opt gold. The trenching will
constrain the geometry of grade shells being developed for the first
resource estimate.

In 2009, exploration outside the previously drilled areas expanded in
scope throughout the West Pequop Joint Venture's area of interest. A
soil survey of over 9,800 samples was carried out over an area of four
by eight miles on a variable grid of 800 by 200 feet down to 200 by 100
feet. In addition, reconnaissance mapping in select areas was completed
and more than 1,300 new rock chip samples were taken. The findings of
this work lead to the recognition of significant anomalism along the
range front, more mineralization between previously drilled areas, and
anomalies associated with faults and karst features in a
north-south-trending graben that comprises the crest of the Pequop
Mountains between the Mountain Top Zone and Long Canyon. The graben
preserves favorable calcareous host rocks of Ordovician Pogonip Group
and the Cambrian sequence beneath the Eureka Quartzite, which has been
relatively impermeable to ascending hydrothermal fluids. The soil
analyses (ranging from below the detection limit of 1 ppb to up to 6.2
grams per ton gold) outline considerable leakage around and within the
graben structure.

The ground between Long Canyon and West Pequop is highly prospective
and received only preliminary surficial exploration. Drilling in 2010
will for the first time, begin to step out from the known drilled
mineralization and start to evaluate the numerous other targets that
include multi-gram gold surface samples.  Systematic exploration in
this new gold district and exciting new results highlight the promise
of further discovery and resource expansion for years to come.
Importantly, the secondary and tertiary targets defined by anomalous
gold, trace elements, geophysics, structural and lithologic
extrapolation have not begun to be tested.

As reported to AuEx by Agnico-Eagle, all drill samples were collected
following standard industry practice and were assayed by American Assay
Laboratories, Inc. of Sparks, Nevada. Gold results were determined
using standard fire assay techniques on a 30 gram sample with an atomic
absorption finish. Samples assaying over 3 parts per million gold are
routinely re-assayed using standard fire assay techniques on a 30 gram
sample with a gravimetric finish. 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 and true widths have not been calculated. All data,
as reported to the Company by Agnico-Eagle and disclosed in this press
release, including sampling, analytical and test data, have been
reviewed by the Company's qualified person Mr. Ronald L. Parratt,
M.Sc., and Certified Professional Geologist. Further details concerning
the West Pequop property are described in the Company's National
Instrument 43-101 report filed on Sedar and are 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. Fourteen of the projects are in joint venture or
exploration earn-in agreements with seven 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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Copyright (c) 2010 AUEX VENTURES INC. (XAU)  All rights reserved.  For
more information visit our website at http://www.auexventures.com/ or
send mailto:info@auexventures.com
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