Vancouver, British Columbia -- November 22, 2010 - Astral Mining Corporation (AA.TSXV) ("Astral" or the "Company") is pleased to announce that it has closed the second and final tranches of a $750,000 non-brokered private placement, previously announced on August 19th 2010. The funds will be used for an immediate second phase drilling program and further exploration of Astral's Jumping Josephine gold project in the Rossland mining camp of Southern British Columbia.

Since the first tranche closing, the Company has issued an additional 772,000 flow-through units (the "FT Units") at a price of $0.20 per FT Unit and 478,000 non flow-through units (the "NFT Units") at a price of $0.20 per NFT Unit for gross proceeds of $250,000. Each FT Unit consists of one flow-through common share and one transferable share purchase warrant. Each warrant entitles the holder to purchase one additional non flow-through common share of the Company for a period of two years from the closing date of the private placement at a price of $0.25 per share in the first 12 months and thereafter at a price of $0.35 per share. Each NFT Unit consists of one non flow-through common share and one transferable share purchase warrant. Each warrant entitles the holder to purchase one additional non flow-through common share of the Company for a period of two years from the closing date of the private placement at a price of $0.25 per share in the first 12 months and thereafter at a price of $0.35 per share.

Macquarie Private Wealth ("Macquarie") was paid 77,200 finder's warrants (a "Finder's Warrant") which is equal to 10% of proceeds raised by Macquarie. Each Finder's Warrant entitles Macquarie to purchase one common share of the Company for a period of two years from the closing date of the private placement at an exercise price of $0.25 per share if exercised during the first year and at an exercise price of $0.35 per share if exercised during the second year of the term of the Finder's Warrant. All of the foregoing securities are subject to hold periods expiring four months from date of issuance.

About Astral

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 atww.astralmining.com.

ON BEHALF OF THE BOARD

"Manfred Kurschner"

Mr. Manfred Kurschner, President & CEO
Astral Mining Corporation 

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 athttp://www.astralmining.com.

Neither 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 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.