Heads Up ABR.V

I'm still looking this over as it was passed over to me from a long time poster aquaintence last week among some other stocks he was watching.... 40 million shares .... I hear will be 100 million fully diluted ( haven't read the details yet, doesn't quite make sense) from a recent buy in PP from Premier Gold Mines to Acquire Stake in Ashburton  @.08 and more .13 cent warrants... this is now in the money so I'm seeing some paper on Level II... there are ways to lock the profit in before they can be sold... there was a wack of shorts as of the 15th of December( over 2,200,000... so I suspect the volume blew them out of the water and they have come back in force .... out with the old in with the new.maybe to do with the financing....., but overall once the paper is gone... the PP is set to close by Dec 22, 2010  this could see some new highs as the chart looks particularlly intersting and I will update this ABR.V... No big strike depths yet, but some real hot spots...  A quick look and I see too much distribution on a very deadlocked level II to get excited... but you never know... when volume is concerned..

ABR was one of most heavily traded stocks on the Venture last week.

Premier Gold Mines to Acquire Stake in Ashburton


09:00 EST Thursday, December 09, 2010

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 9, 2010) - ASHBURTON VENTURES INC. (TSX VENTURE:ABR) (FRANKFURT:ARB) ("Ashburton" or the "Company") has signed a letter agreement with Premier Gold Mines Ltd. (PG-TSX) whereby Premier will participate in a private placement financing that will be completed by Ashburton. The majority of this financing will fund further exploration at Ashburton's Deep Creek gold property located near Elko, Nevada.

Ashburton has made several significant discoveries at Deep Creek including the Upper Vein that has been traced over a strike length of over 640 meters with surface sampling returning assays up to 1,180 g/t Au with width of up to over one meter widths in some areas. Additional undiscovered gold-bearing veins are also indicated by a float sample of vein material collected upslope of the Upper Vein, which assayed at 28.90 g/t gold. The Upper Vein area represents only 10% of the Deep Creek property, much of which has not been systematically explored since the early 1990's.

"Ashburton is pleased to have Premier as a significant shareholder," stated Michael England, President and CEO of the company. "We look forward to continuing our exploration at Deep Creek, now in collaboration with Premier's experience and resources. A well-funded comprehensive exploration program is what the project deserves."
"The Deep Creek discovery shares similarities with the nearby Midas (Newmont) and Hollister (Great Basin) gold mines, both being high-grade narrow vein deposits," stated Ewan Downie, President and CEO of Premier. "Our investment in Ashburton gives us a foothold in this significantly undervalued Company and provides for Premier to assist in implementing the next phase of exploration at Deep Creek."

Premier will invest $600,000 in Ashburton through the purchase of 7,500,000 units at $0.08. The financing is to close on or about December 22, 2010. Each unit consists of one common share in the capital of the company and one-half a common share purchase warrant. Each full warrant entitles the holder to purchase one additional share at a price of $0.13 cents per share for a period of 18 months from the date of issuance. An additional 2,500,000 units may be sold on a non brokered basis with the same terms.
The initial share purchase will result in Premier owning approximately 14 per cent of Ashburton's current outstanding shares.

This agreement and private placement are subject to the acceptance for filing by the TSX Venture Exchange.

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.

Ashburton Ventures is a junior exploration company actively seeking mineral opportunities for the benefit of all its stakeholders. For more information visit the Company's website located at http://www.ashburtonventures.com/.

Premier Gold Mines Ltd., is a North American-focused exploration and development company with multiple gold projects located in the heart of proven mining districts in North America.

ON BEHALF OF THE BOARD

Michael England, President
Forward-Looking Statement:

Some 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.

FOR FURTHER INFORMATION PLEASE CONTACT:

Michael England

Ashburton Ventures Inc.

President

(604) 683-3995

http://www.ashburtonventures.com/

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.

GLTA Lostoutwest


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