ABR Arbor Metals Corp

ASHBURTON VENTURES INC. (TSX VENTURE:ABR)(FRANKFURT:ARB) ("Ashburton" or the
"Company") is pleased to announce that it has mobilized crews for a Phase 1
exploration program at its 100%-owned Hackett Property in northwest British
Columbia's Sheslay district. The Hackett is contiguous to Doubleview Capital
Corp.'s Hat Property where Cu-Au porphyry discovery holes HAT-08 and HAT-11 are
within approximately 1 km of Ashburton's property boundary, while Doubleview has
also recently completed a follow-up drill program (see Doubleview news release
April 30). 


Kyler Hardy, Ashburton President, commented: "We are excited to begin work at
the Hackett which is part of a Sheslay NW/SE structural trend that stretches for
many kilometres and has produced extremely promising early results. We're
entering a very active period for this emerging district. This Phase 1 program
at the Hackett will greatly enhance our understanding of this property as we
advance it to the drill-ready stage. With the Hackett and our recently acquired
Grizzly West Extension Project, Ashburton's exploration upside in such a
prolific district is significant."


Ashburton Arranges Financing 

To expand its Sheslay exploration plans, Ashburton has arranged a non-brokered
private placement (the "Offering") of 2.5 million flow-through units at a price
of six cents per flow-through unit for aggregate gross proceeds of $150,000.
Each flow-through unit will consist of one flow-through share and one warrant.
Each warrant will entitle the subscriber to purchase one warrant share for a
12-month period after the closing date at an exercise price of 8 cents. The
flow-through funds will be used to advance the Hackett and Grizzly West
Extension projects. 


Additionally, the Company has arranged a non-brokered private placement of 3
million non-flow-through units at a price of five cents per unit for aggregate
gross proceeds of $150,000. Each unit will comprise one common share and one
share purchase warrant of the Company. Each warrant will entitle the holder to
purchase one share for a period of 12 months from the closing date at an
exercise price of 8 cents per warrant share. These funds will be used for
general corporate purposes. 


The Company may, at its sole discretion, pay a finder's fee to agents of the
Company consisting of: (1) a cash fee in an amount of 10% of the proceeds raised
by such finder as part of this Offering, and (2) a number of finder's warrants
entitling the holder thereof to purchase that number of shares of the Company
("Finder's Warrant") that is equal up to 10% of the number of units placed
through the finder as part of this Offering. Each Finder's Warrant will entitle
the holder to purchase one share for a period of 12 months from the closing date
at an exercise price of $0.10 per Finder's Warrant. 


Ashburton further announces the resignation from the board of Dr. Tom
McCandless. The Company has greatly appreciated his efforts in that capacity and
is fortunate that Dr. McCandless will continue to work with the Company.


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


ON BEHALF OF THE BOARD

Mike England, CEO

Forward-Looking Statement:

Some of the 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Ashburton Ventures Inc.
Mike England
CEO
1-604-683-3995
Toll Free: 1-888-945-4770
www.ashburtonventures.com

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