AUEX VENTURES, INC.

Western Uranium Corporation has entered into an option agreement with AuEx Ventures, Inc. (XAU) to earn a 70% interest in the Baza property in south east Spain. Western believes after review of the data and site visit that this project offers exceptional potential for discovery of one or more significant gold and copper deposits as the area exhibits characteristics associated with Iron Oxide Copper Gold (IOCG) deposits. The most advanced prospect area, Cerro del Gallo has yielded gold and copper values in rock samples ranging from 1.53 g/t Au and 0.33% Cu over 1.2 meters to 6.8 g/t Au, and 1.86% Cu over 3.4 m from mineralized structures and prospects along a 2 km strike length.