Corporate Profile

AuEx Ventures is a Tier 1 TSX Venture listed precious metals exploration company that has a current portfolio of eighteen exploration projects in Nevada, one project in Spain and a generative exploration program in Argentina. AuEx trades under the symbol XAU.

AuEx controls over 80,000 acres of unpatented claims and fee land. Eleven of the projects are in joint venture agreements with eight 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.

Exploration Expertise

AuEx was formed to capitalize on the in-depth experience, technical capability and historical success of the local management team in Nevada. AuEx's President, Ronald L. Parratt, previously served for 19 years in senior exploration positions with Santa Fe Pacific Gold culminating as Vice-President, Exploration. Mr. Parratt later served in senior exploration positions with Homestake Mining Company. Co-founder and Vice-President, Richard Bedell, is an industry recognized authority in international polymetallic exploration with more than 25 years experience in target selection and project generation. Mr. Bedell's mining career includes serving as the Technical Manager for Homestake Mining Company and as a member for Homestake's global target selection team. Mr. Bedell also currently serves as Adjunct Faculty for Exploration Geophysics at the MacKay School of Earth Sciences & Engineering in Reno, Nevada.


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 model is the most effective approach to the conduct of business in the mineral exploration industry. AuEx adopted the JV model because we are committed to minimizing risk by leveraging out that risk to select partners. Significant bi-products of the JV process include; (a) the protection of the corporate vehicle through minimal share dilution, (b) diversification of the Company's exploration programs, (c) annexation of partners' technical strengths and knowledge base and (d) the attraction of additional resources to multiply AuEx's exploration efforts.


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.


2007 Exploration Highlights

The company currently has 17 projects under active exploration. Ten (10) of AuEx's projects are financed under joint venture agreements, nine of which drilling is planned for in this 2007 field season: Long Canyon, West Pequop, Bunce, Trinity Silver, Leonid, Fireball Ridge, JPW, Gypsum Valley and Swiss Bank. Drill results will be released on a timely basis by the Company.

AuEx Ventures, Inc. has contracted with Layne Christensen Company of Chandler, Arizona for a reverse circulation drill rig with an experienced crew that will begin drilling on May 9, 2007 and will continue drilling for approximately six months on AuEx projects.

Exploration will begin at the Company's Bunce project located in Pershing County, NV under agreement with North Range Resources Ltd. This program will be the first in a series of seven Company projects that will be drilled during the 2007 field season. After the Bunce project, the rig will drill at the Company's Swiss Bank project under agreement with Hawkeye Gold and Diamonds, Inc., the Fireball Ridge and the Gypsum Valley projects under agreement with Tournigan Gold, Inc., the Leonid project under agreement with Nevada Superior, Inc., the Long Canyon project under agreement with NewWest Gold USA, Inc, and finally the Trinity Silver project under agreement with Piedmont Mining Company.

Drilling at the West Pequop project under agreement with Agnico-Eagle (USA), Ltd. is being conducted with other drilling equipment provided by Agnico-Eagle. In aggregate, at all projects, the Company anticipates up to 70,000 feet of reverse circulation drilling during the 2007 field season and, in addition, core drilling will be conducted at the Long Canyon and the West Pequop projects all funded by partners.

Additional projects are currently being advanced by AuEx for joint venture.


Summary of AuEx Project Holdings