ASHBURTON RECEIVES ASSAYS FOR DRILLING PROGRAM AT DEEP CREEK, NEVADA

August 17^th, 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 is nearly complete. Twenty-seven core holes were drilled
in the present program, for a total of 3,178 meters (10,427 feet).
Roughly
57% of the core has been cut and submitted for assay, with results for 20% of
the core received to date. Highlights of the drilling include partial results
for drill hole DC-11-C-5, which intersected an average of 3.67 grams per tonne
gold over six meters in the Waterfall Vein Area. Drilling in the Upper Vein
Area encountered of 2.54 grams per tonne gold over 1.5 meters in drill hole
DC-11-C-10, and 6.94 grams per tonne gold over 1.2 meters in drill hole
DC-11-C-13. A summary of highlights to date is provided in the table below.

In
both the Waterfall Vein and Upper Vein Areas, the anomalous intervals are
associated with breccias in variably silicified limestones of the Proterozoic
McCoy Group. It is believed that the mineralization is contained within the
breccias, whose true dimensions will not be known until further drilling
results are received.

All
core has been cut using saws located on site in Nevada
and at a facility located in Pleasant Grove, Utah, with half of the HQ core submitted for treatment at
the ALS Chemex Laboratories in Elko, Nevada, and North
Vancouver, British Columbia.
The samples have been assayed for gold using the Au-AA24 protocol (0.005-10
part per million gold detection range), with overlimit values re-assayed using
the Au-GRA22 protocol (0.05-1,000 part per million gold detection range). A
certified standard was submitted for assay along with the core.

A
complete summary and interpretation of results will be developed as additional
assays are received over the coming weeks. 

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.