ASHBURTON VENTURES AQUIRES GOLD PROPERTY ADJOINING INTERNATIONAL WAYSIDE GOLD MINES LTD. ON BARKERVILLE MOUNTAIN, BC

ASHBURTON VENTURES AQUIRES GOLD PROPERTY ADJOINING INTERNATIONAL WAYSIDE GOLD MINES LTD. ON BARKERVILLE MOUNTAIN, BC 150 150 Progressive Planet Inc.







 


ASHBURTON
VENTURES



AQUIRES GOLD PROPERTY
ADJOINING



INTERNATIONAL


WAYSIDE
GOLD



MINES LTD.


ON
BARKERVILLE MOUNTAIN, BC



October




8, 2009, VANCOUVER, B.C.



– ASHBURTON VENTURES INC.


(ABR-TSX:V) (“Ashburton” or the “Company”)

is pleased to announce the
Company has entered into an agreement to acquire 5 mining claims comprising
over 2100 hectares adjacent to the International Wayside Gold Mines Ltd.
property which was the site of the discovery hole announced on October 7, 2009
by International Wayside Gold Mines Ltd.  The terms of the agreement are a
cash payment of $20,000 upon signing, the issuance of 750,000 shares of
Ashburton upon TSX Venture Exchange approval plus a 2% NSR of which 1% can be
purchased for $1 million. The Company has also committed to spend $25,000 on
exploration prior to July 1, 2010. 
The claims are located to the north of, and adjacent to, the property in
the Bonanza Ledge Zone owned by International Wayside Gold Mines Ltd., near the
historic town of Barkerville, British Columbia, on Barkerville Mountain.

On October 7, 2009, International
Wayside Gold Mines Ltd. announced that drill hole BC09-12 intercepted gold
mineralization from 3.048 metres (10 feet below surface) to 87.48 metres (287
feet below surface):



·      


84.4 metres (277.0 feet) of 16.5 grams per
tonne (g/t) (0.481 ounce per ton) gold;



·      


Including 37.5 metres (123.1 feet) of 36.1
g/t (1.052 ounces per ton) gold.

The Company is very
excited by this new discovery area with the promising intercept announced by International
Wayside Gold Mines Ltd. and is pleased to have secured a sizeable land position
in the area.

 

This transaction is subject to acceptance by
the TSX Venture Exchange.

Ashburton Ventures is a junior exploration
company actively seeking mineral and energy opportunities for the benefit of
all its stakeholders.

ON BEHALF OF
THE BOARD

 


“Michael England”

___________________________

Michael
England, President


For further information
contact:

Telephone: (604) 683-3995





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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