October 29^th, 2013, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (TSX-V: ABR) (ARB-FRANKFURT) (“Ashburton” or the "Company”) is pleased to announce the appointments of Mr. Kyler Hardy, Mr. Bill Harris and Mr. Stephen Pearce to its Board of Directors. Effective immediately, Mr. Hardy will also be assuming the role of President of Ashburton Ventures.

Kyler Hardy is a successful entrepreneur and has been involved in the mining industry for over eleven years.  He has extensive experience building companies from early stage start-ups to advanced operating companies.  He is a founder and former CEO of UTM Exploration Services Ltd. (a turnkey mineral exploration and management firm specializing in early-stage contract exploration) employing over 120 people across Canada and Africa.  Mr. Hardy is experienced in project generation, exploration management, project and company planning, raising capital, corporate development and developing strategic partnerships and alliances.

Bill Harris is a second generation prospector and miner, born and raised in the Yukon.  He has been working in the Yukon all of his life, and gained prospecting experience from his father, a well-known Yukon prospector. He is the founder of Northern Freegold Resources Ltd. (TSX-V: NFR), with several significant gold-copper-silver deposits at Freegold Mountain in the Yukon. Mr. Harris’s experience ranges from project generation through acquisition, exploration management, permitting, and mining of both placer and small hard rock mine projects in the Americas. He has conducted exploration and mining programs involving up to 350 employees plus multiple contractors.  Bill was recognized as the Yukon Prospector’s Association’s prospector of the year in 1994

Stephen Pearce is an independent corporate and securities lawyer in Vancouver, B.C. He advises and is a director of several private and public companies. Mr. Pearce has an honours degree in economics from York University, and a law degree from the University of British Columbia.

Mike England, Ashburton CEO states, “We are very pleased with the addition of Mr. Hardy, Harris and Pearce to our Board. They bring significant strength to the Company, in both their breadth and depth of experience. Their addition is in keeping with our recent acquisition of significant assets in the Yukon, and we look forward to combining their talents with our own in-house expertise.”                                                                              

The Company further announces the resignations from the Board of Marvin Mitchell and Seung Oh. Mrs. Oh will remain as the Company’s CFO while Mr. Mitchell will remain with the Company as a technical advisor.

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

Kyler Hardy, President

For further information contact:

Telephone: (604) 683-3995

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.