October 20th, 2011, VANCOUVER, B.C.



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

reports
that the drilling program at its Deep Creek Project, located 112 kilometers
north of Elko, Nevada has been extended.
Over
3,000 meters of drilling has been completed on the property, with all core
split and submitted for assay with results expected in the coming weeks. Based
on features observed in the core to date, an additional drill hole at Catscat Canyon was approved and is presently
underway. Catscat
Canyon was the focus of drilling
by Ashburton in 2010, where several plus-one meter intercepts of roughly one
gram per tonne gold assays were demonstrated (see news release, January 18th, 2010).  All of

the core samples are prepped for gold assay at the ALS Chemex Laboratories in Elko, Nevada and analyzed
at their facilities in North Vancouver,
B.C.

An
additional target is also being considered for drilling, following a review of
historical data obtained through an agreement with Newmont Mining Corp. (NYSE:NEM,
see news release September 7th,
2010). The Hobbit target is located two kilometers south of Catscat Canyon, on the southern projection of
the Range Front Structure. The historical data indicate that drilling was
conducted immediately west of the Hobbit target area, to test a resistivity
anomaly identified in 1986 by Kennecott Exploration. The Hobbit target includes
outcrops on the Range Front Structure east of the resistivity anomaly that were
not tested through drilling. In the late 1980`s, Franco-Nevada geologists
obtained an average of 284 ppb gold from 35 rock grab samples collected across 1,000
meters of these outcrops. Ashburton has investigated and sampled the outcrops
and has permitted seven locations for drilling, all of which have been
approved.

The
technical contents of this release were approved by Dr. Tom McCandless, P.Geo.,
Vice President, Exploration for Ashburton and a qualified person as defined by National
Instrument 43-101.

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

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.