Alston Ventures Inc.

Alston Ventures Inc.

July 06, 2011 09:00 ET

Alston Ventures Inc. Announces Operations Update

CALGARY, ALBERTA--(Marketwire - July 6, 2011) - ALSTON VENTURES INC. (TSX VENTURE:ALO) ("ALSTON") is pleased to announce a successful production test at the second of two wells drilled in the Alexander area of central Alberta as noted in a previous news release dated June 16, 2011.

After recovery of all load fluid, in 6.67 hours of swabbing operations at 102/10-07-56-26W4, the Operator reports that the well produced at an average rate of 294 barrels per day of 32° API sweet oil and 213 thousand cubic feet per day of natural gas or approximately 329 barrels of oil equivalent per day.

The 102/10-07 well is completed in the Alexander Sand and is a follow-up to the discovery well at 11-07-56-26W4 which produced 5,414 barrels of oil in 212 days from this same zone before being shut-in, in favour of producing oil from the Lower BQ/Ellerslie oil pool. Plans are already underway to tie-in this well for August 1, 2011 start of production. Pump equipment is being installed to handle up to 230 barrels of total well effluent per day to generate up to 170 barrels of oil equivalent per day. Alston owns a 15% working interest in this well.

The Alexander Sand is the second oil producing zone in Section 7-56-26W4. Three existing wells at 11-07-56-26W4, 13-07-56-26W4 and 06-07-56-26W4 are all completed in the BQ/Ellerslie oil pool and all three wells also contain the same Alexander Sand, as identified on well logs. All three locations are a good candidate for a second vertical well, targeting oil in the Alexander Sand. In addition, a fourth un-drilled location is identified in the same lands which is prospective for the Alexander Sand. Alston owns a 15% working interest in all four locations.

Alston Ventures Inc. is a Calgary-based energy company engaged in the production and exploration of oil and natural gas reserves in western Canada's sedimentary basins.

Alston Ventures Inc.

Don K. Umbach, President

Telephone: (403) 245-4261

BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

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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