GoldMinerPulse Report on AuEx Ventures Inc.: (NI) 43-101 Metal Valuation Report

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AuEx Ventures Inc. (XAU)

Company Web Site: www.auexventures.com

This report is based on NI 43-101 disclosures and fully diluted share counts available on: 2010-05-19. Metrics have been updated with stock price and metal prices in effect at the close of Canadian markets on 2010-09-02.

External Links: Yahoo News and Quotes  |  Yahoo Message Board  |  StockCharts  |  Stockhouse

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Fronteer (FRG) owns 51% of the Long Canyon project and is the project operator.

Agnico-Eagle has options on 70% of the West Pepuop gold deposit (bankable feasibility study is required by June 17, 2013).

GoldMinerPulse Most Optimistic Resource Estimate Summary (MORE):
Metrics last with prices in effect at the TSX/TSXV close on 2010-09-02

Project/Deposit CC MVpSh  PP%  MI%  I% Gold
    Long CanyonUS$15.59055%45%599.92 K oz    
    West PepuopUS$2.45020%80%94.14 K oz    
 
GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Sept-02
Metric / MetalGold
    Metal Totals694.06 K oz    
    Metal Prices in US$ (from 2010-09-02)$1,251.30 per oz    
    Metal Value per Share (MVpSh)
(Shown in US$ and based on fully diluted share count shown below)
$18.04    
    Percentage of Total Metal Value100.00%    
    PP% | MI% | I%0 | 50% | 50%    
 
GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Sept-02
    Metal Value per Share (MVpSh)   US$18.04
    Average Ore Value per Tonne   US$66.25
    Metal Value Leverage (MVL)    3.31
    Market Capitalization as % of Metal Value   30.3%
    Recent Stock Price   C$5.75   (TSX/TSXV close on 2010-09-02.)
  Conversion rate used: 1 Cnd$ = 0.949244 US$ )
    Fully Diluted Share Count   48.14 M    ( Fully diluted share taken from the AuEx Ventures, Fact Sheet (viewed August 2010). )
    PP% | MI% | I%   0 | 50% | 50%
Gold Metrics-- all Projects/Deposits
    Average Gold Ore Grade   1.647 g/t
    Market Capitalization
    per oz of Gold In Ground
   $378.58   US$  |   398.83   C$
    Gold Eq Oz Estimate   694.06 K oz   ( 694.06 K oz are in ground)
    Market Capitalization
    per oz of Gold Equilavent
   $378.58   US$  |   398.83   C$
 
See terms for more about GoldMinerPulse metrics.

GoldMinerPulse Coverage Status:

  • GoldMinerPulse coverage of AuEx Ventures Inc. is complete pending a final internal review.


Long Canyon    -  ^top^

(NI) 43-101 Report:

Title: Technical Report on the Long Canyon Project Elko County, Nevada, USA
Date: 2009-04-24 (119 pages)

Updates: Fronteer Gold reports new resource estimate for Long Canyon gold deposit, Nevada Wed May 19, 2010 news release.

Project Location: Nevada, USA

Map View: View the Fronteer Development Group and AUEX Ventures Long Canyon project on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Measured + Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$8.57    329.73 K oz     1.710 g/t     12.24 M t    
Estimate notes: Fronteer Gold reports new resource estimate for Long Canyon gold deposit, Nevada Wed May 19, 2010 news release.
Resource quantities adjusted for ownership percentage of 49.0%.
Cutoff 0.20 g/t. Cutoff
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$7.02    270.18 K oz     1.650 g/t     10.39 M t    
Estimate notes: See notes for Measured + Indicated.
Resource quantities adjusted for ownership percentage of 49.0%.
cutOffNotes


West Pepuop    -  ^top^

(NI) 43-101 Report:

Title: NI 43-101 Technical Report on Resources West Pequop Gold Exploration Project Nevada, USA
Date: 2010-07-15 (131 pages)

Project Location: Nevada, USA

Map View: View the West Pequop property on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.50    19.29 K oz     1.630 g/t     1.23 M t    
Estimate notes: See Table 1: Total In-situ Mineral Resources for West Pequop at 0.3 g/t Au cutoff grade (SRK 2010). on p. 7 of 131 in the NI 43-101 dated July 2010.
Resource quantities adjusted for ownership percentage of 30.0%.
Cutoff grade 0.3 g/t Au.
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$1.95    74.85 K oz     1.410 g/t     5.50 M t    
Estimate notes: See note for Indicated.
Resource quantities adjusted for ownership percentage of 30.0%.

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