AuEx Ventures, Inc.: Hays Canyon Agreement Signed With Christopher James Gold

  AuEx Ventures, Inc. (TSX: XAU) ("AuEx" or the "Company") is pleased to report the signing of a third new exploration earn-in agreement with Christopher James Gold Corp. ("CJGC"). This agreement follows the signing of the Pasco Canyon earn-in agreement announced in press release NR10-04 on February 16, 2010 and the Sinter agreement announced in press release NR10-06 on February 23, 2010. The Hays Canyon project is located approximately 60 miles northwest of Gerlach in northern Washoe County, Nevada.

The Hays Canyon project area contains a volcanic hosted, epithermal gold system localized by a series of felsic flow domes and associated silicification and argillic alteration. The property contains a series of northwest trending structural zones which are anomalous in gold and pathfinder elements based on rock chip sampling. Prior exploration on the property consists of a series of shallow rotary holes completed in the mid-1980's and, more recently, 2 deeper reverse circulation drill holes. Under the terms of the agreement, CJGC is required to expend US$3 million within five years to earn an undivided 51% interest in the project. The agreement also provides an option for CJGC to earn an additional 19% for 70% total by expending an additional US$2 million on the property within the following two years. Work commitments escalate over the initial 5 year earn in period.

In December 2009, Eldorado Gold Corp. released the Hays Canyon project from a September 15, 2008 option earn-in agreement with AuEx.

AuEx Ventures, Inc. is a precious metals exploration company that has a current portfolio of twenty one exploration projects in Nevada/Utah, four projects in Argentina and one project in Spain. The Company controls about 167,000 acres of unpatented claims and fee land in prospective areas of Nevada. Thirteen of the projects are in exploration earn-in or formal joint venture agreements with seven 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 [e-mail]