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Re:   News Release - Thursday, February 25, 2010
      Santa Cruz, Argentina- Initial Drill Results And Exploration
      Update
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AuEx Ventures, Inc. ("AuEx" or the "Company") is pleased to announce
the results from its first drill program conducted in Argentina and
update its overall exploration activities in Santa Cruz Province. The
first drill program was conducted at the Meridiano project where 13 out
of 15 reverse circulation drill holes encountered  broad zones of
shallow gold mineralization grading better than approximately 0.10 g/t.
Selected intercepts included RCM06 with 27 meters of 0.31 g/t gold
including 2 meters of 1.1 g/t gold, RCM08 with 10 meters of 0.58 g/t
gold, RCM10 with 10 meters of 0.68 g/t gold including 6 meters of 1.1
g/t gold, RCM11 with 8 meters of 0.58 g/t gold including 3 meters of
1.38 g/t gold and RCM13 with 22 meters of 0.29 g/t gold including 1
meter of 1.44 g/t gold. The initial phase drilling has confirmed and
helped to define recessive breccia zones. Geophysics is currently
underway to give a better three dimensional view of these structural
corridors and to help plan the second phase drilling scheduled to
commence in March. Commenting on the Project, Richard Bedell, Executive
Vice President says "This project is particularly exciting because we
have identified broad zones of gold mineralization over multiple square
kilometers and appear to be high in the epithermal mineral system. We
appear to have good tonnage potential and now need to find the higher
grade."

At the La Rosita Project near the Mina Martha Mine, geophysics will be
carried out in March to help define the first drilling program planned
in April. La Rosita has undergone extensive mapping, surface sampling
and reinterpretation. The project contains multiple gold and silver
targets, some with elevated copper values that will be the targets for
exploration.

The Gertrudis Project, located in the eastern portion of the province,
contains multiple veins in structural corridors within an andesitic
dike complex. The prospect was initially identified using Thematic
Mapper satellite imagery that was processed by AuEx.  Detailed surface
sampling and geologic mapping have been conducted to define drill
targets that are planned to be tested later in 2010 once appropriate
permits have been granted.

At the Covadonga Project located in the central part of the province,
continued surface mapping and sampling has located a gold anomalous
area within an extensive, but generally barren, vein field. Recent
reconnaissance work has identified an area of the vein field that has
returned up to 7 g/t gold and 145 g/t silver in grab samples. These
results have led Agnico-Eagle to formally accept Covadonga as a
project. Depending on the results of continuing field work, this
project may also have initial drilling completed before the end of the
year.

Encouraging results from 2009 field work and drilling has resulted in a
significant budget increase for 2010 to over $1.5 million for Santa
Cruz Province. AuEx as operator will continue to find new prospects,
develop the current land package up to the project level, and do
detailed work and drilling on the 4 projects that are being funded by
Agnico Eagle at the 100% level. Exploration by AuEx in Santa Cruz is
being conducted under an exploration agreement with Agnico-Eagle Mines
Limited ("Agnico-Eagle"). Under the agreement, Agnico-Eagle and AuEx
share 70:30 respectively in generative exploration expenditures with
work activity conducted by AuEx. Agnico-Eagle has the option to take on
projects identified by the generative program and has exercised the
option on four projects (Meridiano, La Rosita, Gertrudis and
Covadonga). Agnico-Eagle is required, but not committed, to expend
US$1,000,000 within 4 years on each project to vest an initial 60%
interest. Agnico-Eagle then has the option to earn an additional 10%
interest by carrying all further costs through feasibility capped at
$10,000,000. The exploration venture now controls exploration rights to
14 parcels that total almost 90,000 hectares within Santa Cruz
Province.

In January Richard Bedell, Executive Vice President  presented a full
day course in spectroscopy and remote sensing in Rio Gallegos, the
capital of Santa Cruz Province. This was held at the offices of
Formicruz, the Provincial mineral company and was attended by various
mining and exploration companies working in the Province in addition to
Formicruz staff. Richard Bedell comments: "The province is expanding
rapidly for mineral development and AuEx intends to be an active
participant. We want to be good neighbors and to help discover and
develop precious metal resources in Santa Cruz."
 
Generative activity is continuing to develop new prospects and to bring
other existing properties to a project stage for presentation to
Agnico-Eagle. Properties not accepted by Agnico-Eagle remain the
property of AuEx with no further obligations to Agnico-Eagle.

All drill samples were collected following standard industry practice
and assayed by Alex Stewart Laboratories, Inc. of Mendoza, Argentina.
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. A
table containing all drill results to date using a 0.3 gram/tonne
cutoff is posted on the Company's website. Drill intervals are reported
as drilled thickness and insufficient data exists to estimate true
thickness. All data, as reported by the Company and as disclosed in
this press release, including sampling, analytical and test data, have
been reviewed by the Company's qualified person Mr. Richard L. Bedell,
M.Sc., and Certified Professional Geologist as recognized by the
American Institute of Professional Geologists. Further details
concerning the AuEx Argentina exploration program are posted 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. Twelve 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 Chief Executive Officer

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.

This news release contains information about adjacent properties on
which we have no right to explore or mine. We advise U.S. investors
that the SEC's mining guidelines strictly prohibit information of this
type in documents filed with the SEC. U.S. investors are cautioned that
mineral deposits on adjacent properties are not indicative of mineral
deposits on our properties.

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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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