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ASHBURTON ACQUIRES LITHIUM PROJECT IN NEVADA Released August 19th, 2009 ASHBURTON ACQUIRES LITHIUM PROJECT IN NEVADAAugust 19th, 2009, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (ABR-TSX:V) (“Ashburton” or the "Company”) announces it has signed an agreement to acquire a 100% interest in 37 mineral claims with known occurrences of lithium bearing springs and clays in Churchill and Pershing Counties, Nevada. The claim block, known as the “HY” claims, covers approximately 740 acres and were the subject of a reconnaissance survey in the late 1970's and a preliminary work project in the 1980’s. The original reconnaissance and follow up program was directed by geologist Jay W. Santos. This work included 242 shallow auger holes to test the lithium dispersion below the feed source. Commercial analytical laboratories showed total lithium contents ranging from 86 to 1480 ppm from rock and soil samples in the auger holes. The majority of the reconnaissance analysis was done in house and is not part of this release. The higher grades appear related to the clay content of the holes. A resistivity survey of a small portion of the property was contracted out, results of which showed two well defined zones of lower resistivity at depth, possibly indicating a brine. Terms of the agreement call for cash payments totaling $100,000 and 500,000 common shares of Ashburton plus a 1% NSR. A finders fee will be paid on this arms-length transaction. Chemetall-Foote Corp.'s Silver Peak Operation, located in Clayton Valley 200 miles south of the property, is the only lithium brine producer in North America and has been in production since 1966. Lithium has a number of different uses in different sectors of society. The most common use is in lithium batteries. These are lightweight and are not as toxic as lead and cadmium batteries. These batteries have applications as small as watch batteries and as large as military and space vehicles. Japan, Korea and China already nationally sponsor lithium ion battery technology development. The technical contents of this release were approved by Ashburton director and qualified person as defined by National Instrument 43-101, Dr. Tom McCandless, P.Geo. The property has not been the subject of a National Instrument 43-101 report and Dr. McCandless has not verified the technical data disclosed in this release. This transaction is subject to approval by the TSX Venture Exchange. ON BEHALF OF THE BOARD ___________________________ Michael England, President For further information contact: Telephone: (604) 683-3995 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. |