TORONTO, ONTARIO--(MARKET WIRE)--Sep 9, 2008 -- Chudleigh Ventures Inc. (the "Corporation") is pleased to announce today the closing of its initial public offering (the "Offering") of 5,742,500 common shares at purchase price of $0.20 per common share by way of a prospectus filed in the Provinces of Alberta, British Columbia and Ontario, for gross proceeds of $1,148,500. In connection with the Offering, a total of 714,250 options were granted to directors and officers of the Corporation pursuant to the Corporation's incentive stock option plan, representing rights to acquire 10% of the Corporation's currently issued and outstanding common shares. Each option has an exercise price of $0.20 and expires on September 9, 2013.

The Corporation is a Capital Pool Company as defined in the policies of the TSX Venture Exchange Inc. (the "Exchange"). To date, the Corporation has not conducted operations of any kind and has not entered into an "Agreement in Principle", as such phrase is defined in the policies of the Exchange.

Canaccord Capital Corporation acted as agent (the "Agent") in connection with the Offering. For its services, the Agent received a cash commission of $114,850 as well as options to purchase up to 574,250 common shares of the Corporation at an exercise price of $0.20 per common share, exercisable within 24 months from listing of the common shares on the Exchange.

The Exchange conditionally accepted the listing of the common shares of the Corporation on August 26, 2008. Final acceptance is subject to the Corporation fulfilling all of the listing requirements of the Exchange.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

     Contacts:
     Chudleigh Ventures Inc.
     Emlyn David
     President and CEO
     (416) 840-5002
     (416) 368-0200 (FAX)
     Email: ejdavid@cangaplending.com