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August 2012

ASHBURTON EFFECTS SHARE CONSOLIDATION AND AMENDMENT OF AUTHORIZED SHARE CAPITAL

ASHBURTON EFFECTS SHARE CONSOLIDATION AND AMENDMENT OF AUTHORIZED SHARE CAPITAL 150 150 Progressive Planet Inc.

August 29, 2012, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (“Ashburton” or the “Company”) (ABR-TSX:V) is pleased to announce that, effective August 30, 2012 at market open, the Company will consolidate its common shares on the basis of one (1) post-consolidation common share for every ten (10) pre-consolidation common shares and amend the authorized share capital of the Company to allow the Company to issue an unlimited number of common shares.

The Company will have a total of approximately 8,205,159 post-consolidation common shares issued and outstanding.

The consolidation and share capital amendment were approved by the shareholders of the Company at the special meeting held on August 27, 2012 and have been approved by the TSX Venture Exchange.

Ashburton Ventures Inc. is a junior exploration company whose mission is to acquire highly prospective base and precious metal properties for the benefit of its stakeholders. The Company’s website can be viewed at www.ashburtonventures.com.

ON BEHALF OF THE BOARD

“Michael England”

Michael England, CEO and Director

FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770

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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