Technical report on the Bonasika Bauxite Project including the Bonasika 1, 2, and 5 ML, Waratilla-Cartwright PL and Essequibo-Demerara PGGS Claim Blocks - at Bartika, Essequibo River Area, Northeastern Guyana

Academy Ventures has Received and Filed the NI 43-101 Compliant Technical Report with Respect to its' Bauxite Properties in Guyana As a result of a review by the British Columbia Securities Commission, we are using the following news release to clarify our disclosure. ACADEMY VENTURES INC. ("Academy" or the "Company"), Vancouver, B.C., May 23, 2008 is pleased to announce that it has receieved the NI 43-101 Compliant Technical Report with respect to its Bonasika Bauxite Project, including the Bonasika 1,2 and 5 Mining License ("ML"), the Waratilla-Cartwright Prospecting Liscense ("PL") and the Essequibo-Demerara Permission for Geophysical and Geological Studies ("PGGS") claim blocks, located in the Bartica-Essequibo River Area, Northeastern Guyana.