AuEx Ventures Inc. West Pequop Reports 73 Feet At 0.37 Ounces Gold Per Ton, Including 44.3 Feet At 0.50 Ounces Gold Per by 24hgold

Mots clés associés : Precious Metals |

Re: News Release - Monday, November 10, 2008
Title: West Pequop Reports 73 Feet At 0.37 Ounces Gold Per Ton, Including 44.3 Feet At 0.50 Ounces Gold Per Ton

AuEx Ventures, Inc. ("AuEx" or the "Company") is pleased to report additional assay results, including hole WNC-139 reporting 73.3 feet (core length) grading 0.366 ounces per ton gold from the Company's West Pequop gold exploration project located in Elko County, Nevada. These results expand the extent of gold mineralization in the Section 34 target areas with mineralization still open. This data was provided by the Company's joint venture partner Agnico-Eagle (USA) Limited, from recent drilling on the 29,000 acre West Pequop Venture property. A total of 37 holes have now been reported by the Company from the 2008 drilling program with assays for 6 holes pending and drilling still underway. Agnico-Eagle has indicated to the Company that given these encouraging results they plan to continue to soley fund an aggressive exploration program for the West Pequop Venture in 2009.

New drill hole assay results for the West Pequop Venture are as follows:

Drill Hole Number	From (feet)	To (feet)	Thickness (feet)	Grade (oz/ton)	Comments
WNC-136 (core)	28.0	48.0	20.0	0.065	Mountain Top
WNC-137 (core)	238.5 475.5 576.0 596.0 616.0	246.0 516.5 581.0 606.0 621.0	7.5 41.0 5.0 10.0 5.0	0.071 0.037 0.083 0.103 0.032	Mountain Top
WNC-138 (core)	57.3 265.2 341.0	62.0 283.3 363.0	4.7 18.1 22.0	0.054 0.070 0.140	Mountain Top
WNC-139 (core) including	513.3 531.7 531.7 611.7 644.0	523.0 605.0 576.0 634.0 649.0	9.7 73.3 44.3 22.3 5.0	0.025 0.366 0.501 0.029 0.066	Section 34

Exploration drilling during 2008 at the West Pequop Venture has been conducted in the Section 34, Mountain Top, Acrobat/Juggler and Range Front target areas for a total of over 35,000 feet. This work has expanded the extent of high grade gold mineralization at Section 34 and Mountain Top and established the presence of gold mineralization at the Range Front target. While drilling results in the Acrobat/Juggler area did not produce reportable results in 2008, additional drilling is nonetheless warranted and planned for this area in 2009. Gold mineralization at West Pequop has now been found in several distinct stratigraphic positions within the enclosing Cambrian and Ordovician limestone and dolomite assemblages. Gold mineralization is typical of oxidized Carlin-type occurrences and is commonly associated with faulting, felsic dikes and solution collapse breccias.

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 10 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; 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.

AuEx Ventures, Inc. is a precious metals exploration company that has a current portfolio of twenty exploration projects in Nevada, five projects in Argentina and one project in Spain. The Company controls about 80,000 acres of unpatented claims and fee land in prospective areas of Nevada. Eleven of the projects are in exploration earn-in or formal joint venture agreements with five companies who provide exploration funding. The Company applies the extensive 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 & 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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