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February 2009

ASHBURTON VENTURES INC. ANNOUNCES CLOSING OF SECOND TRANCHE OF PRIVATE PLACEMENT

ASHBURTON VENTURES INC. ANNOUNCES CLOSING OF SECOND TRANCHE OF PRIVATE PLACEMENT 150 150 Progressive Planet Inc.

ASHBURTON VENTURES INC.
ANNOUNCES CLOSING OF
SECOND TRANCHE OF PRIVATE PLACEMENT

February 25, 2009, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (ABR-TSX:V) (“Ashburton”
or the “Company”) is pleased to announce the closing of the second tranche of its private placement
(the “Private Placement”) announced in a news release dated January 26, 2009. Pursuant to the
Private Placement, the Company issued 1,500,000 units (the “Units”) at a price of $0.06 per Unit for
gross proceeds of $90,000. Each Unit is comprised of one common share (a “Share”) of the Company
and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to
purchase one additional Share of the Company for a period of two years from the date of issuance at a
price of $0.10 per Share.

All securities issued pursuant to the private placement are subject to a hold period expiring on June 19, 2009.

ON BEHALF OF THE BOARD
“Michael England”
___________________________
Michael England, President

For further information contact:
Michael England, Director
Telephone: (604) 683-3995
Facsimile: (604) 683-3988
Email: [email protected]

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of
this release.

ASHBURTON VENTURES INC.: COMPLETION OF QUALIFYING TRANSACTION AND BROKERED PRIVATE PLACEMENT

ASHBURTON VENTURES INC.: COMPLETION OF QUALIFYING TRANSACTION AND BROKERED PRIVATE PLACEMENT 150 150 Progressive Planet Inc.

Ashburton Ventures Inc. has completed its previously announced
acquisition of an undivided 60-per-cent interest in and to the OG
property located approximately 110 kilometres northwest of Dawson City,
Yukon. The acquisition constitutes the company’s qualifying transaction
pursuant to the policies of the TSX Venture Exchange. The qualifying
transaction was completed on Dec. 31, 2008.

Pursuant to
the qualifying transaction, the company issued 500,000 common shares to
Full Metal Minerals Inc., which shares are subject to a hold period
expiring May 1, 2009.

The company’s board of directors now comprises Michael England, Tom
McCandless, Lorne McCarthy, Marvin Mitchell and Philip Taneda. Mr.
England is the chief executive officer, and Mr. Taneda is the chief
financial officer and secretary.

Concurrently with the completion of the qualifying transaction, the
company completed a brokered private placement of 3.5 million
flow-through units at a price of 10 cents per FT unit for gross
proceeds of $350,000. Each FT unit consists of one flow-through common
share and one non-transferable share purchase warrant, with each
warrant entitling the holder to purchase one additional share of the
company at a price of 21 cents per share for a period of five years
from the completion of the financing.

Bolder Investment Partners Ltd. acted as agent for the private
placement and received a commission of $22,000, together with 220,000
agent’s warrants. Each agent’s warrant entitles the holder to purchase
one additional common share at 14 cents per share for a period of two
years from the completion of the financing. The agent also received a
work fee of $15,000 plus GST.

The shares, warrants and agent’s warrants are subject to a hold period expiring May 1, 2009.

After completion of the qualifying transaction and private placement,
the company has 10,233,000 shares outstanding, with 4,806,800 shares
reserved for issuance upon exercise of options and warrants.

For further details regarding the qualifying transaction, please refer
to the company’s filing statement dated Dec. 18, 2008, filed under the
company’s profile on SEDAR.

For further information contact:
Michael England, Director
Telephone: (604) 683-3995
Facsimile: (604) 683-3988
Email: [email protected]

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

ASHBURTON VENTURES INC. ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT

ASHBURTON VENTURES INC. ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT 150 150 Progressive Planet Inc.

February 3, 2009, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (ABR-TSX:V)
(“Ashburton” or the “Company”) is pleased to announce the closing of
the first tranche of its private placement (the “Private Placement”)
announced in a news release dated January 26, 2009. Pursuant to the
Private Placement, the Company issued 2,500,000 units (the “Units”) at
a price of $0.06 per Unit for gross proceeds of $150,000. Each Unit is
comprised of one common share (a “Share”) of the Company and one common
share purchase warrant (a “Warrant”). Each Warrant will entitle the
holder to purchase one additional Share of the Company for a period of
two years from the date of issuance at a price of $0.10 per Share.

Finder’s fees consisting of 200,000 broker warrants (the “Broker
Warrants”) and $12,000 in cash were paid in accordance with the
policies of the TSX Venture Exchange. Each Broker Warrant will entitle
the holder to purchase one Share of the Company for a period of two
years from the date of issuance at a price of $0.10 per Share.

All securities issued pursuant to the private placement are subject to a hold period expiring on May 31, 2009.

ON BEHALF OF THE BOARD
___________________________
Michael England, President

For further information contact:
Michael England,
Director
Telephone: (604) 683-3995
Facsimile: (604) 683-3988
Email: [email protected]

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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