XAU GoldMoney Inc

AuEx Ventures, Inc. (TSX: XAU) ("AuEx" or the "Company") is pleased to report the first drill results from the 2010 drill campaign for the Company's 49% owned Long Canyon gold deposit located within the Pequop Gold District in eastern Elko County, Nevada. Hole LC435C returned 69.5 feet of 0.479 ounces per ton ("opt") gold within the growing high-grade zone to the northeast of the current resource. Hole LC453C a further 328 feet to the northeast included 153 feet of 0.111 opt gold. Previous drilling included Hole LC411 with 160 feet of 0.124 opt gold (reported January 15, 2010) that lies between Hole LC435C and LC453C which is beginning to define a very substantial zone which is open to the north east.

Other significant results reported in this release include:

- LC450C with 73 feet of 0.189 opt along strike to the SW

A newly discovered parallel zone includes:

- LC451 with 155 feet of 0.187 opt, and

- LC446 with 175 feet of 0.078 opt, including 30 feet of 0.173 opt.

There are now 3 core rigs and 2 reverse circulation rigs working on the Long Canyon project. In addition, a large diameter drill is currently on site for continued metallurgical testing. The US$19.8 million dollar budget will include over 45,000 meters of drilling and significant work to move the project into pre-feasibility including metallurgy, engineering, and environmental work. The cost of the work program is split 51/49 with majority owner and operator Fronteer Gold Inc.

Commenting on these results, Ronald L. Parratt, President & CEO of AuEx stated, "This is a very strong start to the year's drill results. The NE corridor certainly is providing the best grade-thickness holes to date and is not shut off. Also the discovery of a new parallel zone attests to the potential growth of this deposit and the Pequop Gold District in general."

These holes are additive to the growing Pequop Gold District which now includes defined resources at the Company's 49% owned West Pequop and Long Canyon projects.

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Inter-                                 Inter-
cept                                   cept
From     To Length    Au    Au     From       To   Length    Au
Hole ID    (feet) (feet) (feet)  ppb  oz/T  (metres) (metres) (metres) (gpt)
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LC418C       811  870.5   59.5   546 0.016    247.3    265.4     18.1  0.55
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LC419C       648    666     18  7265 0.212    197.6      203      5.5  7.27
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LC420        490    500     10  2350 0.069    149.4    152.4        3  2.35
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LC422C       541    551     10   578 0.017    164.9    168.0      3.0  0.58
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LC426        710    725     15  1073 0.031    216.5    221.0      4.6  1.07
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LC427C     948.5    961   12.5   768 0.022    289.2    293.0      3.8  0.77
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LC428C       617  632.5   15.5   416 0.012    188.1    192.8      4.7  0.42
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LC429        330    345     15   442 0.013    100.6    105.2      4.6  0.44
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355    430     75  1607 0.047    108.2    131.1     22.9  1.61
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LC432C       332    382     50  2296 0.067    101.2    116.5     15.2  2.30
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including    354    367     13  5573 0.163    107.9    111.9      4.0  5.57
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LC434        425    505     80  1836 0.054    129.6    154.0     24.4  1.84
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LC435C       638    675     37  2199 0.064    194.5    205.8     11.3  2.20
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708  777.5   69.5 16397 0.479    215.9    237.0     21.2 16.40
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including    748    767     19 39244 1.146    228.0    233.8      5.8 39.24
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LC436        835    870     35  2089 0.061    254.6    265.2     10.7  2.09
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LC438        460    470     10   679 0.020    140.2    143.3      3.0  0.68
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LC440        815    850     35  4834 0.141    248.5    259.1     10.7  4.83
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including    820    830     10 12800 0.374    250.0    253.0      3.0 12.80
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LC443C   pending
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LC444C   pending
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LC445C       421    436     15  1273 0.037    128.4    132.9      4.6  1.27
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444  454.5   10.5   986 0.029    135.4    138.6      3.2  0.99
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463    531     68  4450  0.13    141.2    161.9     20.7  4.45
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including    516    526     10 11900 0.347    157.3    160.4      3.0 11.90
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821    856     35  1255 0.037    250.3    261.0     10.7  1.25
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LC446        395    570    175  2670 0.078    120.4    173.8     53.4  2.67
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including    475    505     30  5913 0.173    144.8    154.0      9.1  5.91
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LC450C       364    437     73  6474 0.189    111.0    133.2     22.3  6.47
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including  366.5  382.5     16 15394 0.449    111.7    116.6      4.9 15.39
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LC451        700    855    155  6391 0.187    213.4    260.7     47.3  6.39
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including    725    755     30  7293 0.213    221.0    230.2      9.1  7.29
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800    825     25 24838 0.725    243.9    251.5      7.6 24.84
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LC453C       708    861    153  3791 0.111    215.9    262.5     46.6  3.79
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True widths of the mineralized intervals will be determined by geologic
modeling. The intercept calculations use a cut-off grade of 0.30 g/t gold.
Results less than 1 g/t are not reported in this press-release table. "C"
indicates core holes.

Drill holes LC421, LC423C, LC424-LC425, LC430-LC431, LC433, LC437C, LC439, LC441-LC442, LC447-449, LC452C, LC454-LC458 and LC463 had no reportable intercepts. A drill hole location map is attached (to view please click on: http://media3.marketwire.com/docs/xau69.pdf) and posted on the Company's website.

Ronald L. Parratt, Certified Professional Geologist, is the Company's designated Qualified Person for this news release.

AuEx Ventures, Inc. is a precious metals exploration company that has a current portfolio of nineteen exploration projects in Nevada, one project in Utah, four projects in Argentina and one project in Spain. The Company controls about 167,000 acres of unpatented claims and fee land in prospective areas of Nevada. Fifteen of the projects are in exploration earn-in or formal joint venture agreements with eight 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 is listed on the Toronto Stock Exchange under the symbol XAU.

AuEx Ventures, Inc.

Ronald L. Parratt, President & CEO

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 press release uses the terms "indicated resources" and "inferred resources", which are calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. We advise investors that while those terms are recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize them. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. In addition, "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. U.S. investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally minable.

Contacts: AuEx Ventures, Inc. Ronald L. Parratt 775-337-1545 rparratt@auex.com www.auex.com