ASHBURTON REPORTS PROGRESS ON NEVADA AND RED LAKE GOLD PROJECTS

ASHBURTON REPORTS PROGRESS ON NEVADA AND RED LAKE GOLD PROJECTS 150 150 Progressive Planet Inc.





ASHBURTON REPORTS PROGRESS
ON NEVADA AND RED LAKE
GOLD PROJECTS



February 04, 2010,
VANCOUVER, B.C.




– ASHBURTON VENTURES INC. (ABR-TSX:V) (“Ashburton” or
the “Company”)


is
providing an update for two of its gold exploration projects.




Deep
Creek Gold Project, Nevada


The company has completed its first
phase of geologic mapping and geochemical sampling at the 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. This first phase of the program included soil and rock sampling
along a range-front structure in Paleozoic rocks where highly silicified
breccias and sinters occur. During the exercise, reconnaissance panning of a
small stream that cuts through sediments east of the fault recovered
visible gold, confirming historical reports of visible gold on the property.
The program is nearly complete, and results for the geochemical sampling is
expected in the next few weeks. The drill permitting process is also underway with
drilling anticipated in the upcoming months.



Chukuni Gold Project, Red Lake, Ontario


The Chukuni property lies within the southern corridor of the Cochenour-Gullrock
deformation zone and is approximately 3.5 km south of Goldcorp’s Red
Lake-Campbell Mine Complex.  Logistics
have required that the company fly in a helicopter-supported portable drill rig
in to the Chukuni Project, resulting in a slight setback in commencement of
drilling.


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. Neither
property has been the subject of a National Instrument 43-101 report and Dr.
McCandless has not verified the technical data disclosed in this release.


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 www.ashburtonventures.com.


ON BEHALF OF THE
BOARD

Michael England,
President


For
further information contact:

Telephone: (604) 683-3995












Forward-Looking
Statement:
Some of the statements in this news release contain forward-looking information
that involves inherent risk and uncertainty affecting the business of Ashburton
Venturess Inc. Actual results may differ materially from those currently
anticipated in such statements. Neither the 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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