This release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or for dissemination in the United States

Vancouver, British Columbia -- October 8, 2009 - Astral Mining Corporation (AA.TSXV)("Astral" or the "Company") announces today, that it has successfully completed its previously announced rights offering.

Under the terms of the rights offering, shareholders of record on September 3, 2009 were entitled to receive one transferable right (a "Right") for each Astral common share held. Each Right entitled shareholders in British Columbia, Alberta, Saskatchewan and Manitoba to purchase one Unit at a subscription price of $0.25 per Unit. Each Unit consisted of one common share and one transferable share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one additional common share of the Company at a price of $0.75 exercisable until October 7, 2014. Shareholders who fully exercised their rights were entitled to subscribe pro-rata for additional Units that were not otherwise subscribed for on or before the expiry date of the Rights. 

A total of 2,108,999 Units were subscribed for by rightholders pursuant to the basic subscription right, for gross proceeds of $527,250. Pursuant to the additional subscription privilege, rightholders purchased 467,950 Units not otherwise purchased by rightholders under the basic subscription right, for gross proceeds of $116,987. As such, a total of 2,576,949 units have been issued in connection with the rights offering, for total gross proceeds of $644,237. As the number of Units allocated to the shareholders who exercised the additional subscription privilege was less than the number they subscribed for, such shareholders will receive a refund of any excess funds submitted with their subscription request. 

Following closing of the rights offering, Astral's total issued and outstanding common shares increased to of 5,153,900 shares.

Blackmont Capital Inc. ("Blackmont") and John Anderson ("Anderson") acted as the guarantors of the rights offering. The Company paid Blackmont a cash fee of $13,125, an additional cash fee of $10,303.06 representing $0.005 per Unit subscribed for under the rights offering by the Company's shareholders, other than Units subscribed for by the Company's directors and officers, and $9,084.54 for reimbursement of Blackmont's expenses. The Company also issued a non-transferable warrant to each of Blackmont and Anderson. Each warrant entitles the holder to purchase up to 322,000 common shares of the Company, for a total of 644,000 common shares, at a price of $0.25 for six months until April 7, 2010. If Blackmont and Anderson exercise their warrants to purchase a total of 644,000 common shares, the Company will receive additional proceeds of $161,000.

Due to the exercise of the additional subscription privilege by rightholders, it was not necessary for Blackmont or Anderson to purchase units pursuant to the terms of the standby purchase agreements entered into between Blackmont and the Company and Anderson and the Company. 

The Company intends to use the net proceeds from the rights offering to further explore the Jumping Josephine property by carrying out Phases I and II of the work program recommended in the technical report dated July 14, 2009, entitled "Technical Report on 2008 Exploration at the Jumping Josephine Property, South-eastern British Columbia, Canada", prepared by Qualified Person, Andrew J. Turner, P. Geol. The technical report was filed on SEDAR on July 27, 2009. The Company will also use the net proceeds to pay for preparation of the technical report and for general working capital.

This press release should be read together with, and is qualified in its entirety by the more detailed information contained in the short form prospectus of the Company dated August 21, 2009 available on SEDAR at www.sedar.com.

This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction. The Rights and the Units issuable on exercise of the Rights will not be and have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. 

Astral Mining Corporation is a Canadian company engaged in the exploration and development of precious metal properties in North America. By focusing on exploration in mining-friendly districts, the Company minimizes the political and social risks encountered in many other parts of the world. With a new gold discovery at the Company's Jumping Josephine Gold Project in Southern British Columbia and an experienced technical team and seasoned management, Astral is poised to leverage this expertise into early exploration success. Further details on Astral Mining Corporation and its high-quality portfolio of exploration projects can be found atwww.astralmining.com.

For further information on Astral, please contact Manfred Kurschner, President & CEO, at 604-641-1315, or by email  This e-mail address is being protected from spambots. You need JavaScript enabled to view it , or visit the Company's web site atwww.astralmining.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.