Pequop Nevada Alleged Mineral Rights Conflict
NR05-9
Mon Nov 7, 2005
On November 7, 2005, AuEx Ventures, Inc. was advised by a third party that it asserts an ownership interest in the mineral rights underlying a portion of the Long Canyon exploration target. Some of the drill holes reported in the company's news release of October 25, 2005 appear to be located on the portion in question. AuEx is not able to assess the validity of the assertion, but it has launched an investigation to that end. The portion in question is entirely surrounded by AuEx's 8900 acres of mining claims comprising the Pequop project.
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.
AuEx Ventures, Inc.
By: Ronald L. Parratt, President and CEO
Telephone: 604-536-2711
Contact:
Deborah Thiel -- Manager Investor Relations
Telephone: 604-541-9655
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.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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