The TSX Venture Exchange has accepted for filing documentation in connection with an acquisition by Alston Ventures Inc. of certain oil and gas interests located in the Alexander area of central Alberta which are jointly owned by 1304087 Alberta Ltd. (Numco), Flin Flon Oil & Gas Ltd. and Jazal Energy Corp. The acquisition will be undertaken under the following agreements:

• A share purchase agreement dated June 30, 2010, among the company, Numco and the shareholders of Numco;
• An agreement of purchase and sale dated June 30, 2010, between the company and Flin Flon;
• An agreement of purchase and sale dated June 30, 2010, between the company and Jazal.

Under the share purchase agreement, the company will acquire all of the shares of Numco for a cash payment of $229,501.30 and the issuance of 997,932 common shares at a deemed value of 23 cents per common share.

Under the purchase and sale agreements, the company will acquire all of the right, title, estate and interests of Flin Flon and Jazal in and to the assets. Total consideration paid to Flin Flon is $554,785.79 comprising a cash payment of $277,392.89 and the issuance of 1,206,056 common shares at a deemed value of 23 cents per common share. Total consideration to be paid to Jazal is $135,211.69 comprising a cash payment of $67,605.81 and the issuance of 293,938 common shares at a deemed value of 23 cents per common share. The interests of Flin Flon are held in trust for Flin Flon by the operator of the assets. The interests of Jazal and 1304087 are held in trust for them by Flin Flon.

For further information see the company's news releases of April 22, 2010, and July 15, 2010, and the National Instrument 51-101 reserves report on the assets authored by Sproule Associates Ltd., all of which are available on SEDAR under the company's profile.