ASHBURTON ENCOUNTERS VISIBLE GOLD IN DRILL CORE

ASHBURTON ENCOUNTERS VISIBLE GOLD IN DRILL CORE 150 150 Progressive Planet Inc.






July 23, 2010,
VANCOUVER, B.C.




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


is pleased to
announce the first two holes have been completed at its Deep Creek project in
Nevada. Visible gold has been reported by the project geologist in the second
hole, and consequently the core is being prepped for analysis on a rush basis
to ALS Chemex for assays.

 

Deep
Creek, which consists of contiguous claims covering roughly 648 hectares (1,600
acres) located approximately 112 kilometers north of Elko, Nevada and 56
kilometers northeast of the Newmont-owned Midas mine in the Carlin gold trend,
was discovered by Franco-Nevada in the mid 1980’s, and was the subject of
sporadic exploration since that time.
The objective of the first phase
of drilling is to confirm the results of historical assays previously obtained
for the property. The company will complete six to 10 core holes, with depths
up to 200 metres, along a prominent range front structure, where historical
data from the earlier exploration period included a resource estimate of 1.1
million tons containing 70,000 ounces of gold, along a strike length of 457
metres (1,500 feet) and a depth of 122 metres (400 feet), with a reserve of
approximately 477,000 ounces of gold in 7.5 million tons extending southward
along the structure (see Stockwatch news dated May 6, 2010). The Company emphasizes that the
resource and reserve estimates are historical, and a qualified person has not
done sufficient work to classify either the historical estimate or the
historical reserve estimate as current mineral resources and therefore they
should not be relied on.

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 statements in this news release contain forward-looking information that
involves inherent risk and uncertainty affecting the business of Ashburton
Ventures 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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