ASHBURTON ANNOUNCES UP TO 94.3 G/T GOLD FROM UPPER VEIN ROCK SAMPLES AT DEEP CREEK, NEVADA

October 5, 2010,
VANCOUVER, B.C.



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

is
pleased to provide an update on its summer exploration program at the Deep
Creek Project, located 112 kilometres north of Elko, Nevada.  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 g/t 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, ten metres further 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
release dated September 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
ongoing and the Company has deployed two additional geologists to carry out the
increased sampling program. 

Subsequent
investigation of t
he 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 metres 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% 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
meter channel sample of the McCoy Creek Group perpendicular to the Upper Vein.

A summary of
samples reported and pending to date is provided below:

Further
sampling of the Upper Vein area is underway 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 September 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 underway 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
release dated September 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
S
tructure is at approximately the
same meterage 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,  British
Columbia, using the fire assay protocols AU-AA24, Au-AA25, and Au-GRA22 that
provide detection ranges of 0.005-10, 0.01-100 and 0.05-1000 ppm 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,
P.Geo.

Ashburton
Ventures is a junior exploration company actively seeking mineral opportunities
for the benefit of all its stakeholders. For more information 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.