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Fact Sheet

October 19, 2009

Common Shares Issued 35,610,051
Exchangeable Shares 4,605,279
Shares Issued and Outstanding 40,215,330        
Options Outstanding 4,000,000
Warrants Outstanding 4,069,750
Fully Diluted 48,285,080
% Held by Insiders 30.3%


Corporate Profile

AuEx Ventures, Inc. is a Nevada-based precious metals exploration company that has a current portfolio of twenty-four exploration projects, 9 of which are under exploration earn-in or joint venture agreements. The company also has a major oxide copper gold project in Spain and their wholly owned subsidiary. AuEx Argentina, S.A. controls 2 projects in Santa Cruz Province Argentina, of which are in exploration earn-in agreements with Agnico-Eagle (USA), Ltd. The Company funds 100% of an ongoing generative program in Nevada and 30% of a generative program in Argentina that is 70% funded by Agnico-Eagle. AuEx trades on the Toronto-Stock Exchange under the symbol XAU.

AuEx controls over 167,000 acres of unpatented claims and fee land. Eleven of the projects are in earn-in or joint venture agreements with seven companies who provide exploration funding. The AuEx team combines extensive global field experience with highly developed quantitative skills. Many techniques within AuEx are proprietary. The Company's conservative business approach using the joint venture model with a low overhead burn rate provides less exposure to risk, a highly probability of technical success, and a tight share structure. AuEx was formed to capitalize on the in-depth experience, technical capability and historical success of the local management team in Nevada.

Ronald L. Parratt is Co-Founder, President, CEO of AuEx Ventures, Inc.

As a Sante Fe Pacific Gold's World Wide Exploration Manager, Ron was involved in the discoveries of three gold deposis in Nevada totaling more than 10 million ounces (Rabbit Creek, now part of Twin Creeks, Lone Tree, and Trenton Canyon). His experience led him to be appointed as Director of North and South America for Homestake Mining in the late 1990's.

Richard L. Bedell is Co-Founder, Executive Vice President of AuEx Ventures, Inc. and President of AuEx Argentina, S.A.

Previously, Richard served as Homestake Mining Company's Technical Manager, utilizing his international field expertise in structural geology, remote sensing and alteration mapping. As an Independent Consultant, Richard has worked with some of the largest gold companies in the world. He is currently an Adjunct Faculty member in Exploration Geophysics at the Mackay School of Earth Sciences and Engineering in Reno, NV.

Innovative Technology

Refining the art of mineral exploration is a primary goal of AuEx management. The Company employs leading edge exploration techniques and technology for ore deposit vectoring including: proprietary remote sensing, spatial probability modeling and multivariate statistical analysis. Data is then combined with field geology and alteration mineralogy for the purpose of target selection, property acquisition and joint venture development.

Joint Venture Business Plan

At AuEx, we believe that the joint venture business plan is the most effective exploration strategy for non-revenue generating junior explorers. By adopting this business plan, we are accepting dilution to our exploration property positions rather than dilution to our shareholders. AuEx is committed to minimizing risk by developing a portfolio of exploration projects and leveraging out exploration risk to joint venture partners. A mineral discovery at any project in the portfolio, even at a 30% to 49% participation level, will translate meaningfully into increased shareholder value through tighter share structure. Other benefits of the business plan include reducing AuEx operating costs through cost recovery from joint venture partners and knowledge gained through experience and technical strengths of our partners.

Nevada Exploration

Nevada is a premier gold and silver producing region and is viewed by management as a strategic region for future mineral discovery and production. AuEx intends to optimize opportunities in Nevada that are presented by low cost exploration, advanced industry infrastructure and declining regional mineral production.

Exploration Highlights

Pequop: The New Gold District in Nevada:
- Initial NI 43-101 report released in March 2009, announced an Indicated Resource of 363,000 oz Au (4,808,000 tonnes averging 2.35 g Au/T) and 459,000 oz Au of Inferred Resource (8,780,000 tonnes averaging 1.63 g Au/T). A cutoff-grade of 0.30 g Au/T is used to tabulate the resources.

- New Carlin-type mineral deposit that has multiple zones of gold mineralization.

- High-grade, near surface, oxide gold deposit, open-pit amenable.

- 5,460 feet long and 800+ feet wide - open on strike and depth to the north, east, and west in eastern foothills of the Pequop Range.

- AuEx Ventures, Inc. is 49% Owner.

2009 is proving to be a very exciting and productive year for AuEx and its funding partners. The Company expects that over $25 million will be spent on exploration during 2009, which includes plannned expenditures on the Long Canyon and West Pequop projects located in Nevada's Newest Gold District.

The 2009 exploration program for the Long Canyon Venture will consist of 35,000 meters of reverse circulation and core drilling. The program is designed to extend gold mineralization to the southwest and northeast, to increase the confidence level of the known gold mineralization, and to discover new gold mineralization on the 12,000 acre property. Drilling and metallurgical studies are underway to access potential processing options and preliminary engineering and environmental studies are being conducted.

Agnico-Eagle continues an aggressive exploration program for the West Pequop Venture with a budget of approximately $4 million. The 2009 exploration and drilling program are designed to expand known gold-bearing zones and discover new gold mineralization in other areas identified by surface sampling and geological mapping.

Other Nevada Properties: Our joint venture partner, Eldorado Gold Corporation, is preparing to drill the Hays Canyon project in mid-2009. Surface exploration work is continuing at Buffalo Canyon and Green Monster in anticipation of drilling in 2010.

Argentina: AuEx has a strategic alliance with Agnico-Eagle in Santa Cruz Province, Argentina for generative exploration where costs are shared 30/70. AuEx has applied for exploration rights on 11 parcels and has leased exploration rights on 4 parcels. These define thirteen distinct land packages of mineral rights totaling almost 90,000 hectares. To date, Agnico-Eagle has accepted two projects; Meridiano and Gertrudis, for further exploration work, and has committed to fund 100% of the costs. Meridiano will be drilled in late 2009.

Spain: AuEx's Baza project in southeastern Spain is a new large IOGC District where regional stream sediment sampling has been conducted and follow-up rock chip sampling completed. An initial mineral license has been granted with additional applications filed.

Summary of AuEx Project Holdings as of November 12, 2009

Nevada
Arabia 100% Owned
Buffalo Canyon Eldorado Gold JV
Bunce 100% Owned
Fireball Ridge 100% Owned
Goldstar 100% Owned
Green Monster Eldorado Gold JV
Hays Canyon 100% Owned
JPW 100% Owned
Leonid 100% Owned
Long Canyon Fronteer Development Group JV
Olympic 100% Owned
Pasco Canyon Piedmont Mining Corporation JV
Pequop South Golden Dory Resoures, Corporation JV
Reef 100% Owned
Rose Mine 100% Owned
Sinter 100% Owned
Spruce Mountain 100% Owned
Trinity Silver 100% Owned
West Pequop Agnico-Eagle (USA), Ltd. JV
Wood Hills South 100% Owned
Utah
Wildcat 100% Owned
Spain
Baza Western Uranium Corporation JV
Argentina
Gertrudis Agnico-Eagle (USA), Ltd. JV
Meridiano Agnico-Eagle (USA), Ltd. JV

 

http://www.auexventures.com/i/pdf/2009_Toronto_Resource_Investment_Conference_9_24_09.pdf

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