Ashburton Ventures Inc. has provided an update on its summer exploration program at the Deep Creek project, located 112 kilometres north of Elko, Nev. In addition to the summer drill program, the company also conducted a reconnaissance exercise on a vein system, now referred to as the Upper Vein, located roughly 450 metres east of the Range Front structure, with assays returning the following highlights to date:

• 94.3 grams per tonne gold from a 2.37-kilogram vein chip sample, with visible gold present;

• 56.3 g/t gold from a 3.19-kilogram vein chip sample, 10 metres farther along the vein strike, with visible gold present;

• 40.1 g/t gold from a 2.10-kilogram vein chip sample, with visible gold present, as reported in the company's news in Stockwatch Sept. 15, 2010;

• 9.79, 7.03 and 2.91 g/t gold sampled on an additional three samples with no visible gold noted.

The Upper Vein

The Upper Vein is hosted in carbonate, phyllite and slate units of the Proterozoic McCoy Creek Group. The results of the reconnaissance exercise during the summer program, which produced the initial rock grab sample of 40.1 g/t gold as noted above, has lead the company to now focus extra efforts on the Upper Vein. Sampling is still continuing and the company has deployed two additional geologists to carry out the increased sampling program.

Subsequent investigation of the Upper Vein has shown it to be striking north-northwest with an apparent measured length of 400 metres and widths of up to 0.6 metre in some exposures, although the vein is not continuously exposed.

The majority of samples assayed to date are from the northern area and cover only approximately 10 per cent of the total length of the Upper Vein. Results are pending from samples currently at the lab having been taken from both ends of the Upper Vein as well as a 1.5 m channel sample of the McCoy Creek Group perpendicular to the Upper Vein.

              SUMMARY OF SAMPLES REPORTED AND PENDING TO DATE
Metres
from
Southern  Sample weight,  Au content,
outcrop   kg              g/t          Sample description

0         greater than 1  pending      vein chip sample, with visible gold
0         greater than 2  pending      1.5 m channel sample of country rock
                                       perpendicular to above sample
9         greater than 2  pending      vein chip sample on a splay 12 metres
                                       east of the Upper Vein
30        3.19            56.3         vein chip sample, with visible gold
34        2.37            94.3         vein chip sample, with visible gold
49        3.01            7.03         vein chip sample, no visible gold
52        2.47            9.79         vein chip sample, no visible gold
55        2.35            2.91         vein chip sample, no visible gold
70        2.10            40.1         rock chip material with visible gold
405       greater than 2  pending      vein chip sample, with visible gold

Further sampling of the Upper Vein area is under way to better define the distribution of gold in both the veins and country rock. Investors should note that sampling in the Upper Vein area has been undertaken to with care to collect unbiased representative samples, but samples containing coarse gold should be considered to have an inherent nugget effect.

President Mike England states: "We are extremely encouraged by these results and continue to believe that the Deep Creek project is worthy of our increased attention and efforts. While we continue to review the data recently acquired from Newmont (see news release dated Sept. 7, 2010), it appears that we should now consider both the Upper Vein and the Range Front structure in planning our future work programs. We now have a very exciting sampling program under way on the Upper Vein and are optimistically awaiting results from the samples which are currently pending at the lab."

The Range Front structure

The other part of the summer exploration program was the five-hole drilling program along the Range Front structure, which has been completed for a total of 740 metres. The core from this drilling program has been submitted to ALS Chemex Laboratories, North Vancouver, for assay and approximately half of the assay results have been received and reported in the company's news in Stockwatch Sept. 15, 2010. Drilling on the Range Front structure was undertaken to confirm historical drilling in which a historical resource of 70,000 ounces of gold in 1.1 million tons, and a historical reserve of 477,000 ounces in 7.5 million tons was estimated. Both the reserve and resource estimates are historical, and a qualified person has not done sufficient work to classify either the historical reserve or the historical resource estimate as current mineral resources, therefore these historical reserves should not be relied on and do not have currently demonstrated economic viability. The partial assays for drill core received to date suggest that the gold mineralization within the Range Front structure is at approximately the same metreage intervals, with similar grades, as the historical data.

All rock and drill core samples are being prepared and analyzed for gold by ALS Chemex Laboratories, North Vancouver, B.C., using the fire assay protocols AU-AA24, Au-AA25 and Au-GRA22 that provide detection ranges of 0.005 to 10, 0.01 to 100 and 0.05 to 1,000 parts per million gold, respectively.

The technical contents of this release were approved by Ashburton director and qualified person as defined by National Instrument 43-101, Dr. Tom McCandless, PGeo.

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