Ashburton Ventures Inc.

Ashburton Ventures Inc.

January 25, 2010 13:52 ET

Ashburton Ventures Commences Work Program on Deep Creek in Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 25, 2010) - ASHBURTON VENTURES INC. (TSX VENTURE:ABR) ("Ashburton" or the "Company") announces work has commenced on its recently acquired Deep Creek Property in northern Nevada. The Deep Creek claims are located approximately 112 kilometers north of Elko, Nevada, and 56 kilometers northeast of the Newmont-owned Midas mine, in the Independence segment of the prolific Carlin gold trend.

Gold at Deep Creek was first discovered by Franco-Nevada in the mid 1980's, when two large geochemical anomalies were found to contain visible gold in grab samples. Mineralization at surface appears to be associated with highly silicified breccias and sinters along a prominent range front structure in Paleozoic carbonate rocks. Over 70 surface rock chip samples previously collected mostly along the range front structure returned assays from below detection up to 68 grams per tonne gold (2.0 opt Au).

A more extensive geochemical sampling program will begin immediately, with up to 1,200 meters (4,000 feet) of drilling to be implemented in 2Q 2010. Drill hole selection will incorporate the new geochemical data, as well as confirm assay results of historical (non-NI 43-101 compliant) drilling. In particular, drilling across the range front structure, where most of the known mineralization occurs, will take precedence.

To earn 100% of Deep Creek Ashburton will make cash payments totaling $155,000 USD, issue 500,000 common shares and spend $135,000 USD over the 4 year term. A 2.5% NSR applies with 1.5% purchasable by the Company for $2,000,000 USD.

Tom E. McCandless, Ph.D, P.Geo, a director of Ashburton and Qualified Person as defined by N.I. 43-101, has approved the information in this press release. The Deep Creek property has not been the subject of a National Instrument 43-101 report and Dr. McCandless has not verified the technical data disclosed in this release.

The Company further announces it has arranged a private placement of up to three million units at a price of nine cents per unit for gross proceeds of up to $270,000. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase an additional share at a price of twelve cents per share for eighteen months.

The proceeds from the private placement will be used for work programs and general working capital.

A finder's fee may be payable on the private placement.

The private placement is subject to the acceptance for filing of the TSX Venture Exchange.

Ashburton Ventures is a junior exploration company actively seeking mineral and energy opportunities for the benefit of all its stakeholders. For more information please visit the Company's website located at


Michael England, President

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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