XAU GoldMoney Inc

AuEx Ventures, Inc. ("AuEx" or the "Company") (TSX: XAU) is pleased to announce that gold recoveries averaging as high as 90.1% have been received from the initial series of column leach tests performed on four bulk samples of gold mineralization from the Company's Long Canyon gold deposit in joint venture with Fronteer Development Group Inc. These results provide continuing support that gold mineralization at the Long Canyon Venture is readily amenable to standard heap-leach process technology.

In late 2008, four bulk samples, each weighing approximately 1.5 tons, were obtained from outcrop exposures of gold mineralization in road-cuts at the Company's Long Canyon gold project and submitted to McClelland Laboratories, Inc. of Sparks, Nevada for a series of column leach tests at crush sizes of -25mm (-1 inch) and -75mm (-3 inch). Gold recovery rates for all of the samples were rapid and gold extraction was substantially complete within the first 10 to 15 days of leaching. Gold recoveries for the -75mm feed size ranged from 84.2% to 96.6% (89.7% average) in approximately 65 days of leaching and rinsing. Column leach gold recoveries for the -25mm feed size ranged from 85.6% to 96.3% (90.1% average) in approximately 69 days of leaching and rinsing. Reagent consumption levels were low and no solution percolation, fines migration, solution channeling or slumping problems were evident in this initial phase of column leaching. Cumulative recovery charts for the column leach tests on the four samples are posted on the Company's website.

Additional column leach test work is planned during 2009 as part of the current $14.1 million work program currently underway at Long Canyon. These new column leach metallurgical tests will be performed on deeper, sub-surface samples of gold mineralization obtained from drilling of 17 PQ sized (4.5 inch diameter) core holes that were completed in May. The results of this work will be available later in 2009.

Gary Simmons, a Qualified Professional with the Mining and Metallurgical Society of America and consultant to the Long Canyon Venture, is the Qualified Person who has overseen the collection and verification of the data for this release and has reviewed and approved the content.

AuEx Ventures, Inc. is a precious metals exploration company that has a current portfolio of twenty one exploration projects in Nevada, two projects in Argentina and one project in Spain. The Company controls about 176,000 acres of unpatented claims and fee land in prospective areas of Nevada. Nine of the projects are in exploration earn-in or formal joint venture agreements with four 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.

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.

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