THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS
AGENCIES


AuEx Ventures, Inc. ("AuEx" or the "Company") (TSX:XAU) has issued 3,000,000
common shares and 1,500,000 common share purchase warrants ("Warrants") to raise
proceeds of $6,450,000 pursuant to a non-brokered private placement announced on
February 17, 2009. In February warrant holders exercised 1,871,200 of the
2,000,000 share purchase warrants outstanding at $1.38 to raise $2,582,256. The
proceeds of the private placement combined with the proceeds of the warrant
exercises and cash on hand at an exchange rate of 1.28 provides the Company with
cash on hand of approximately US$10.75 million.


The Company is pleased to acknowledge the continued support of its most
significant shareholders in this private placement. At the close of this private
placement the Company has 29,315,928 common shares and 4,967,529 exchangeable
shares outstanding for total voting securities outstanding of 34,283,457.


Each whole Warrant entitles the holder thereof to purchase one additional share
in the capital of the Company at a price of $2.75 per share for the first year
and $3.25 for the second year from closing the private placement. In the event
that the volume weighted average trading price of the common shares of the
Company trades at or above $4.12 per share within 20 consecutive trading days in
the period commencing four months after the closing date and up to twelve months
after the closing date or above $4.87 per share thereafter, the Company will
have the right to accelerate the expiry date of the share purchase warrants to
the date which is 30 days after notice is given to the holders of the Warrants
of the accelerated expiry date.


The common shares issued, and any common shares issued pursuant to the exercise
of Warrants prior to July 12, 2009, are restricted from trading until July 12,
2009.


Proceeds of this private placement will be used by AuEx for funding its
participating interest in the Long Canyon Venture, maintenance and exploration
of existing projects and general working capital purposes.


The securities offered have not been registered under the U.S. Securities Act of
1933, as amended, or any state securities laws, and may not be offered or sold
in the United States absent registration or an exemption from the registration
requirements. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful.


AuEx Ventures, Inc. is a TSX listed precious metals exploration company that has
a current portfolio of twenty one exploration projects in Nevada, one project in
Spain and two projects in Argentina. The Company controls about 80,000 acres of
unpatented mining claims and fee land in Nevada. Eleven of the projects are in
joint venture or exploration earn-in agreements with five 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.

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, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES,
AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE
SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF
1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD
IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.


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