ASHBURTON CLOSED PRIVATE PLACEMENT

ASHBURTON CLOSED PRIVATE PLACEMENT 150 150 Progressive Planet Inc.

August 24, 2016, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (“Ashburton” or the “Company”) (ABR-TSX-V) announces that, further to its news releases dated May 5, 2016 and June 21, 2016, the Company has completed its non-brokered private placement of 4,600,000 units (the "Units") at a price of $0.05 per Unit for an aggregate gross proceeds of $230,000 (the "Offering").

Each Unit is comprised of one common share (a "Share") and one Share purchase warrant (a "Warrant") of the Company.  Each Warrant will entitle the holder to purchase one Share (a “Warrant Share”) at a price of $0.06 per Warrant Share until August 23, 2017.

All securities issued pursuant to the closing of the Offering are subject to a hold period expiring on December 24, 2016.

The Company did not pay finders' fees nor issue finders' warrants with respect to the Offering.

Ashburton Ventures Inc. is a Canadian-based junior exploration with mineral projects in Canada and Nevada, USA. If you would like to be added the news release distribution please get in touch with us at [email protected].

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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