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Ashburton Ventures Inc. options prospective gold property contiguous with Goldcorp’s Red Lake-Campbell Mine Complex, Ontario Released March 23rd, 2009 Ashburton Ventures Inc. options prospective gold property contiguous with Goldcorp’s Red Lake-Campbell Mine Complex, Ontario March 23, 2009, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (ABR-TSX:V) (“Ashburton” or the "Company”) and Solitaire Minerals Corp (SLT-TSX:V) have entered into an option agreement whereby Ashburton can obtain a 60% interest in Solitaire’s Chukuni Property consisting of 3 claims, covering 1,520 acres in the Red Lake Mining District of Ontario adjoining Goldcorp’s Red Lake-Campbell Mine Complex. This Option Agreement is subject to TSX Venture Exchange approval. The Chukuni property lies within the southern corridor of the Cochenour- Gullrock deformation zone and is of particular interest within the Red Lake Mining District as it hosts the well known Red Lake-Campbell Mine Complex. Goldcorp’s Red Lake-Campbell Mine Complex, approximately 3.5 km to the north of the Chukuni property, currently remains one of Canada’s largest and richest Archean gold deposits. Goldcorp’s Red Lake-Campbell Mine Complex produced 629,000 ounces of gold in 2008 (source: Goldcorp’s website at the following link http://www.goldcorp.com/operations/red_lake_mine/). New drill targets have been identified as a result of the information collected from a past work program (drilling and airborne) performed by Solitaire Minerals in 2006 and from further analysis of the airborne magnetic anomalies (Fraser filtered VLF-EM data). Cumulative terms of the agreement for Ashburton Ventures Inc. to earn a 60% interest from Solitaire Minerals Corp. in the Chukuni property are for Ashburton to pay Solitaire Minerals $90,000 cash, issue 1,000,000 common shares and spend $1,000,000 in exploration expenditures over a three year period. Mr. Andrew Tims, P.Geo, will be operating as the Company's qualified person under National Instrument 43-101. Mr. Tims has reviewed the technical content of this news release and confirms its accuracy. Ashburton Ventures Inc. is a recently listed junior exploration company whose mission is to acquire highly prospective base and precious metal properties for the benefit of its stakeholders. The Company’s website can be viewed at www.ashburtonventures.com. ON BEHALF OF THE BOARD "Michael England" ___________________________ Michael England, President For further information contact: Telephone: (604) 683-3995 Facsimile: (604) 683-3988 Email: [email protected] Neither 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. |