Auzex Resources Limited

John Lawton is the founder of Auzex Resources and supported the Company financially through its early development. Through his private company Peninsula Goldfields Pty Ltd, he retains a major shareholding in the Company.

Australian shares dropped on Monday as investors were nervous ahead of the EU meeting over Greek debt. Trading was quiet in local market while most Asian bourses were closed for Lunar New Year on Monday, Wall Street also closed because of a public holiday. At the close, the benchmark S&P/ASX200 index fell 16.6 points, or 0.4 per cent, at 4545.5, while the broader All Ordinaries index shed 18.4 points, or 0.4 per cent, to 4570.4.

Please find below highlights of today's ASX Release: Auzex Resources Limited - Kirwans (NZ) Tungsten Drill Results & Exploration Update.

Kingsgate Molybdenum-Bismuth (Mo-Bi) Project Scoping Study provides pathway to feasibility study. A Scoping Study has been completed at the Auzex Resources' 100% owned Kingsgate Molybdenum-Bismuth project, located 20km east of Glen Innes, NSW, Australia. This Study confirms that Kingsgate will be a high grade, low cost operation, and provides the Company with clear recommendations of the requirements necessary to achieve Feasibility Study status for the project within a six to nine month timeframe.

Auzex Resources released its December 2006 quarterly report to the ASX. Highlights of the report are outlined below. If you would like to view a copy of the entire report, please click on the link to the website:
http://www.auzex.com

Auzex Resources is pleased to announce that Trial Mining at the Company's Kingsgate Molybdenum Project (Auzex 100%) near Glen Innes in northern New South Wales, has commenced on schedule with mining equipment mobilised to site today.

Initial assessment of an area highlighted by the Company's state-of-the-art prospectivity model has resulted in the discovery of a new granite related gold system in a previously unexplored area

Auzex Resources is proposing a Share Purchase Plan (SPP) to provide each shareholder the opportunity to secure up to A$5,000 worth of additional shares in the Company.

Auzex Resources (ASX: AZX) drilling confirms high-grade molybdenum mineralisation at Kingsgate Project.