Alston Ventures Inc. Signs LOI for Oil and Gas Assets in Alberta

VANCOUVER, BRITISH COLUMBIA, Apr 22 (MARKET WIRE) --
ALSTON VENTURES INC. (TSX VENTURE: ALO) ("Alston") is pleased
to announce that it has signed a letter of intent (LOI) with a private
Alberta company (the "Company") to acquire 100% of the Company
including all of their oil and gas assets in the province of Alberta.

SUMMARY OF THE TRANSACTION

With this acquisition Alston would acquire high quality oil and gas
assets in the Alexander area of central Alberta. The assets include a
14.0% average working interest in 10 proved producing gas/oil wells,
three proved development locations, related production facilities and
pipelines and 6,560 gross acres of mineral leases. The three development
locations will require $244,000.00 of capital expenditures in 2010. As of
March 1, 2010 an independent engineering evaluation prepared by Sproule
Engineering assigned net proved and probable reserves of 19.6 m Bbls of
oil and 459 MMCF of gas with a present net worth of $1,791,000 at a
discount rate of 10%. The Company's current production rate as at March
31, 2010 is approx. 60 BOE/d.

Wayne Babcock, Chairman and CEO, states, "We are very pleased with
the quality of the assets and the willingness of both parties to
negotiate in good faith. Together with our previous acquisition, Alston
is well on the way to meeting our 2010 corporate goals."

This transaction is subject to TSX approval.

Alston Ventures Inc. is a Canadian-based energy company engaged in the
production and exploration of oil and natural gas reserves in western
Canada's sedimentary basins. Alston has working interests in producing
and early-stage exploration properties located in the provinces of
Saskatchewan and Alberta.

This document contains certain forward looking statements which involve
known and unknown risks, delays and uncertainties not under the Company's
control which may cause actual results, performance or achievements of
the Company to be materially different from the results, performance or
expectations implied by these forward looking statements. BOEs may be
misleading, particularly if used in isolation. A BOE conversion ratio of
6 Mcf: 1bbl is based on an energy equivalency conversion method primarily
applicable at the burner tip and does not represent a value equivalency
at the wellhead. The estimated values disclosed do not represent fair
market value.

Alston Ventures Inc.

Don Umbach, President + COO

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.

Contacts:
Alston Ventures Inc.
Troy Winsor
VP Corporate Development
(604) 466-8934 or Toll Free: (800) 663-8072

Alston Ventures Inc.
Mike England
Director
(604) 683-3995 or Toll Free: 888-945-4770
(604) 683-3988 (FAX)

Copyright 2010, Market Wire, All rights reserved.

-0-