AuEx Ventures, Inc.: Pasco Canyon Prospect Optioned to Piedmont Mining.

VANCOUVER, British Columbia -- AuEx Ventures, Inc. (AuEx) (TSX VENTURE:XAU.U) is pleased to report that it has executed an exploration option agreement with Piedmont Mining Company, Inc. (Piedmont) on the Company's Pasco Canyon gold property located in Nye County, Nevada. The property consists of 24 contiguous unpatented mining claims totaling approximately 480 acres located about 55 miles north of Tonopah and 14 miles northeast of the Round Mountain gold mine. AuEx staked the Pasco Canyon property in 2003 based on interpreted Landsat satellite imagery that identified a 400 meter by 600 meter area of brecciated tertiary volcanics containing bladed quartz replacing calcite and low temperature silicification with anomalous pathfinder geochemistry. Prior to discovery, this area had never been staked or identified on any published maps despite its proximity to major nearby gold deposits at Northumberland, Round Mountain and Gold Hill within or near the Toquima Caldera Complex. AuEx believes that the surface rock exposures represent the upper portion of a low sulfidation gold system.

E[acute accent]In accordance with the terms of the agreement, Piedmont paid AuEx $10,000 upon execution and must expend at least $50,000 during the first year of the agreement. A total of $1,000,000 must be expended by Piedmont within 5 years total to earn a 60% interest in the property whereupon a joint venture would be formed. Piedmont plans to commence geological mapping and surface sampling within the next 60 days in order to define drill targets. Commenting on the agreement, AuEx President Ronald Parratt said, "We are pleased to enter into this second agreement with Piedmont and to broaden our relationship with Lew Gustafson, Piedmont's Vice President of Exploration. Lew is an outstanding explorationist and we look forward to working with him on Pasco Canyon as well as on our Trinity Silver project."

E[acute accent]AuEx Ventures, Inc. is a new, Nevada focused, precious metals exploration company that began trading on June 30, 2005. AuEx has a current portfolio of 11 exploration projects in Nevada and controls over 40,000 acres of unpatented claims and fee land. 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.

E[acute accent]AuEx Ventures, Inc.

E[acute accent]By: Ronald L. Parratt, President and CEO 

E[acute accent]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.

E[acute accent]The TSX Venture Exchange has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this release.

E[acute accent]AuEx Ventures, Inc. (TSX VENTURE:XAU.U)