ASHBURTON VENTURES INC. (TSX VENTURE:ABR)(FRANKFURT:ARB) ("Ashburton" or the
"Company") announces that it has entered into a Letter of Intent (LOI) with
Duncastle Gold Corp. (TSX VENTURE:DUN) whereby Duncastle can acquire a 100%
interest in the Company's three exploration properties in southwestern Yukon.
The transaction will allow Ashburton to keep share dilution to a minimum and
focus resources on its promising Sheslay district portfolio of properties in
northwest B.C., highlighted by the Hackett Project where a Phase 1 work program
has just been completed. 


Under the terms of the LOI, Duncastle may acquire a 100% interest in the Spy,
Ultra and Catalyst/CKR properties by completing the following:




1.  Paying $50,000 and issuing an aggregate 8.5 million shares to Denali
    (the underlying vendor) over 3 years for the Catalyst project; 
2.  Assuming the requirements of existing property agreements now in place
    for the Spy and Ultra properties by assignment from Ashburton, including
    the completion of $500,000 in exploration work, $85,000 in cash
    payments, and the issuance of 650,000 shares over 5 years; 
3.  Paying $5,000 to Ashburton for the Ultra property and a further $5,000
    to the underlying vendor of the Ultra property, and; 
4.  Issuing 350,000 shares to Ashburton for purchase of the CKR claims and a
    further 150,000 shares to Ashburton for assignment of the Spy and Ultra
    claims.



The company looks forward to updating shareholders in the near future regarding
progress at its highly prospective Hackett Project and the recently acquired
claims contiguous to the western border of Garibaldi Resources Corp.'s Grizzly
Property.  


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


ON BEHALF OF THE BOARD

Michael England, President

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.
Michael England
President
1-604-683-3995
Toll Free: 1-888-945-4770
www.AshburtonVentures.com
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