AGR Tools, Inc. (fka AGRT)

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VANCOUVER, July 21 /PRNewswire-FirstCall/ - Laburnum Ventures Inc. (OTCBB:LBUV - News) is pleased to announce that it has entered into a binding share exchange agreement with AGR Stone Tools USA, Inc. The agreement obligates both companies to complete the share exchange transaction, subject to certain conditions, including execution of the agreement by AGR shareholders, with the result being that AGR will become a wholly owned subsidiary of Laburnum.

"It has been a very simple process to iron out all of the details for the combination of our two businesses, said Rock Rutherford, President of AGR. "Laburnum has been an excellent partner, and the signing of this agreement symbolizes both companies' commitment to this transaction. I have no doubt that our shareholders will be pleased with the possibility of adding the tremendous value associated with being a publicly listed company," he continued.

Tom Brown, the President of Laburnum said, "The entire AGR team has been excellent in their preparation for this transaction and this agreement came together very easily. Now that all of the details are in place, we can work towards completing this transaction and moving forward with the business of AGR."

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 regarding the share exchange agreement between AGR Stone Tools USA, Inc. for details on various conditions which must be met before the share exchange between the two companies closes.