AGR removes due diligence pre-condition

VANCOUVER, June 29 /PRNewswire-FirstCall/ - Laburnum Ventures Inc.
(OTCBB:LBUV) is pleased to announce that it has received notice from AGR Stone
& Tools USA, Inc. notifying it that AGR has completed its due diligence of
Laburnum and is satisfied to proceed with the share exchange between the two
companies. Once completed, the share exchange will result in AGR becoming a
wholly owned subsidiary of Laburnum. It is expected that upon the closing of
the share exchange, Laburnum will carry on the business of AGR.
"We are very pleased with how quickly things are moving with Laburnum, said
Rock Rutherford, President of AGR. "We have been able to evaluate Laburnum as
a partner for this business combination and are very happy with all aspects of
the company from its corporate governance to its fulfillment of SEC disclosure
obligations. We anticipate that we'll be able to move towards the closing of
our business combination in a very efficient manner," he continued.

About AGR Stone & Tools USA, Inc.

AGR is a manufacturer of diamond tools and adhesives. It specializes in
producing consumable tools for the natural stone, engineered stone, concrete
and masonry industries. Its goal is to provide its clients with superior
quality products, excellent customer service and the most competitive prices
in the diamond tool industry. The company has completed extensive research and
testing, and uses the latest technologies to assure AGR Tools is at the
forefront of the diamond tool industry. The company employs some of the
world's top scientists, engineers and metallurgists to produce the highest
quality diamond tools for the construction industry.
More information on AGR can be found at: http://www.agrtools.com/index.html

Forward-Looking Statements:

Except for the historical information contained herein, the matters discussed
in this press release are forward-looking statements. Actual results may
differ materially from those described in forward-looking statements and are
subject to risks and uncertainties. See Laburnum Ventures Inc.'s filings with
the United States Securities and Exchange Commission which identify specific
factors that may cause actual results or events to differ materially -from
those described in the forward-looking statements. See Laburnum Ventures
Inc.'s Current Report on Form 8-K filed with the SEC on June 6, 2009 which
contains a copy of the letter of intent between AGR Stone & Tools USA, Inc.
for details on various conditions which must be met before the share exchange
between the two companies closes.
SOURCE Laburnum Ventures Inc.

Fenco Communications, Phone: (778) 989-1667