News: 2008

Avalon Ventures Ltd. TSX: AVL (the "Company" or "Avalon") is pleased to announce that its Board of Directors has approved the implementation of a formal policy in the area of Corporate Social Responsibility (CSR) by adopting the Principles and Guidelines for Responsible Exploration being developed by the Prospectors and Developers Association of Canada (PDAC) as policy of the Company. In addition, the Company follows the Guidelines established by PDAC for environmental best practice under its E3 program ("Environmental Excellence in Exploration") on all of its active exploration projects. Commented President, Don Bubar, "We believe that good social and environmental practice is simply good business and consistent with our goal to become a producer of the rare metals and minerals, that now have a vital role in enabling clean technology and energy efficiency for today´s sustainability-focused society."

The PDAC Principles and Guidelines are being developed as part of a broad initiative to assist its members in the mineral exploration sector to improve their CSR performance in response to growing pressures from communities and governments around the world. The draft detailed Guidelines are summarized below and the complete description can be accessed on the PDAC website at http://www.pdac.ca/pdac/advocacy/csr/. Recommendations for specific performance measures and reporting practice will be finalized over the next six months. In the meantime, Avalon is committed to:

• Open, honest and regular dialogue with local communities
• Minimizing impacts on the land and avoiding harm
• Sustainability
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