ASTON HILL ANNOUNCES SPECIAL DIVIDEND

CALGARY, Oct. 12 /CNW/ - Aston Hill Financial Inc. (the "Company" or "Aston Hill") (TSXV: AHF) is pleased to announce that a special cash dividend in the amount of CDN $0.02 per common share will be payable on November 5, 2010 to all Aston Hill shareholders of record on October 22, 2010.  The resulting ex-dividend date for Aston Hill shares will be October 20, 2010. 

Aston Hill is currently in a strong cash position and is enjoying recurring positive quarterly cash flows. As such, management and the Board of Directors have elected to distribute a portion of the current cash on hand. The amount of cash being distributed represents less than half the cash currently on hand, leaving the Company with sufficient working capital to fund future activities. As a result, Aston Hill currently forecasts a continuing positive cash balance with no indebtedness.

This distribution does not imply that Aston Hill will commence regular cash distributions at this time. Management and the Board of Directors will, however, continually monitor the Company's cash position and may wish to implement a cash distribution policy at a later date.

Aston Hill is an asset management company with expertise in income products, energy investments and oil and gas property management. Aston Hill has offices in Calgary and Toronto.

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.

Forward-Looking Statements: This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release.  Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements.

For a detailed description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's annual audited financial statements and management discussion and analysis for the year ended December 31, 2009, both of which are available at www.sedar.com.  The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking statements.

For further information:

Eric Tremblay     Chief Executive Officer    Aston Hill Financial Inc.    [phone]

Larry Titley    Vice President and CFO  Aston Hill Financial Inc.  [phone]