AuEx Ventures, Inc.: Long Canyon Gold Mineralization Extended 100 Meters North

VANCOUVER, BRITISH COLUMBIA, Oct 05 (MARKET WIRE) --
AuEx Ventures, Inc. ("AuEx" or the "Company") (TSX: XAU) is pleased to
report new gold intercepts from the ongoing 2009 exploration drilling
program that extend gold mineralization an additional 100 meters to the
north of the Shadow Zone where it still remains open to expansion. These
new drill results augment recent announcements of a 200-meter northeast
extension (September 17, 2009) and a 500-meter southwest extension
(October 1, 2009) of the West Zone. These results demonstrate continued
growth of an evolving resource (To view accompanying map, please click on
the following link: http://media3.marketwire.com/docs/1005XAUmap.jpg).
Drilling with four rigs is actively underway to extend gold
mineralization even farther on the north and northeastern extension of
the deposit.

Ronald L. Parratt, CEO of AuEx commented: "The Long Canyon gold deposit
continues to grow with significant upside still apparent within the
12,000 acre property. We have another two months of drilling ahead of us
before shut down for the winter and a number of additional holes to
drill. All mineralization we've encountered to date continues to be
oxidized, shallow and open and we are very pleased with the results
achieved this year."

The following table summarizes the new reportable assay results:

--------------------------------------------------------------------------
H
ole ID From To Intercept Au From To Intercept Au
Length Length
--------------------------------------------------------------------------
(feet) (feet) (feet) oz/T (meters) (meters) (meters) (gpt)
--------------------------------------------------------------------------
LC306C 476.0 501.0 25.0 0.078 145.1 152.7 7.6 2.69
--------------------------------------------------------------------------
LC314C 94.0 101.0 7.0 0.032 28.7 30.8 2.1 1.11
--------------------------------------------------------------------------
LC316C 438.0 464.0 26.0 0.084 133.5 141.5 8.0 2.87
--------------------------------------------------------------------------
LC320C 508.0 589.5 81.5 0.192 154.9 179.7 24.8 6.57
--------------------------------------------------------------------------
526.5 578.5 52.0 0.265 160.5 176.4 15.9 9.08
--------------------------------------------------------------------------
LCG01 76.8 105.0 28.2 0.029 23.4 32.0 8.6 1.00
--------------------------------------------------------------------------
LCG02 393.0 426.5 33.5 0.424 119.8 130.0 10.2 14.52
--------------------------------------------------------------------------
409.5 424.5 15.0 0.924 124.8 129.4 4.6 31.63
--------------------------------------------------------------------------

The Company holds a 49% interest in the Long Canyon Venture located in
Elko County Nevada. Fronteer Development Group, Inc. ("Fronteer"),
operator and 51% owner, provided these results to the Company. True
widths of the mineralized intervals are interpreted by Fronteer to be
between 70-100% of the reported lengths. Results less than 1 g/t are not
reported in this press-release table. "LCG" identifies geotechnical holes
and holes ending in "C" indicates core. A table of comprehensive drill
results, including non-reportable intercepts, is posted on the Company's
website.

The Long Canyon gold deposit consists of multiple, semi-parallel, north-
to northeast-directed zones of gold mineralization aggregating 800 to
1,000 feet in width with a current strike length of approximately 1.4
miles (2.3 kilometers). The mineralization is Carlin-type and is both
strataform and structurally controlled. Gold values are hosted within an
eastward dipping sequence of Cambrian and Ordovician limestone and
dolomite with local karst development. Mineralization is oxidized and
metallurgical test work to date indicates that it is amenable to
conventional recovery techniques. Gold values start at the surface and
are open along strike and at depth. Two core and two reverse circulation
drill rigs are active on the property and are expected to drill through
the end of November.

As reported to AuEx by Fronteer, all drill samples were collected
following standard industry practice and were assayed by 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 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, and a check assaying program is underway at another laboratory. A
table containing all drill results to date reported to a 0.3 gram/tonne
cutoff is posted on the Company's website. All sampling, analytic and
test data, as reported to the Company by Fronteer and disclosed in this
press release, has been reviewed by the Company's Qualified Person Mr.
Eric M. Struhsacker, M.Sc., and Certified Professional Geologist as
recognized by the American Institute of Professional Geologists. 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 Nevada based TSX listed precious metals
exploration company that has a current portfolio of twenty three
exploration projects in Nevada, one project in Spain and two projects in
Argentina. The Company controls about 176,000 acres of unpatented mining
claims and fee land in Nevada. Ten of the projects are in joint venture
or exploration earn-in agreements with six companies who provide
exploration funding. 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.

Ronald L. Parratt, President and 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

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