Mr. Thomas Ullrich reports

ASTON BAY COMPLETES ACQUISITION OF JACK'S FORK EXPLORATION, INC.

Aston Bay Holdings Ltd. has completed its previously announced transaction to acquire all of the issued and outstanding stock of Jack's Fork Exploration Inc. (JFE), a private company incorporated under the laws of the State of Delaware. The acquisition was completed by way of a reverse triangular merger of Blue Ridge Mining, a wholly owned subsidiary of the company, into JFE, resulting in JFE being renamed Blue Ridge Mining and becoming a direct and wholly owned subsidiary of Aston Bay. The new Aston Bay subsidiary will operate the existing business of JFE moving forward.

Pursuant to the acquisition, holders of JFE shares are entitled to receive 0.57396868 of a common share of Aston Bay in exchange for each JFE share of common stock held immediately prior to the effective time of the acquisition, with an aggregate of 12 million Aston Bay shares available to be issued to the JFE stockholders. All required stockholder and regulatory approvals, including the approval of the TSX Venture Exchange, were obtained in connection with the closing of the acquisition.

Jack's Fork Exploration president Don Taylor stated: "The closing of the merger is a very significant step for both Aston Bay and JFE shareholders as the closing sets the stage to expand the exposure to great projects and accelerated exploration. As an adviser to the merged company, I am looking forward to testing the numerous quality targets in the portfolio."

"In the coming weeks, Aston Bay expects to sign agreements with landholders on projects already well advanced by JFE. Coming from Don Taylor, the pedigree of the projects speaks well to their promising exploration potential for both base and precious metals in this underexplored mineralized belt," stated Thomas Ullrich, chief executive officer of Aston Bay. "The company looks forward to presenting more detailed information on these projects in advance of anticipated drill programs in Virginia this winter."

About Aston Bay Holdings Ltd.

Aston Bay Holdings is a publicly traded mineral exploration company exploring for large, high-grade, sediment-hosted copper and zinc deposits in Nunavut, a mining-friendly Canadian jurisdiction. Aston Bay is 100-per-cent owner of the 1,024,345-acre/414,537-hectare Aston Bay property located on western Somerset Island, Nunavut. The Aston Bay property hosts the Storm copper project and the Seal zinc prospect, with historical drilling confirming the presence of sediment-hosted copper and zinc mineralization. The company also has exclusive rights to an integrated geophysical, geochemical and geological data set over a 1.2-million-acre/500,000-hectare area located in central Virginia, United States.

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