Astral Mining Corporation

COMPANY DATA | INTRODUCTION |  PROJECT IN HAND | MANAGEMENT
NEWS UPDATE | CHINESE

COMPANY DATA

INTRODUCTION

Astral Mining Corporation is a Canadian-based junior exploration company focused on identifying high potential gold and silver deposits in mining-friendly, politically stable countries like Canada and the United States. In British Columbia's Rossland Mining District, Astral has discovered a high grade gold zone on its Jumping Josephine Property and is carrying out an extensive work program. Through its team of experienced management and industry contacts, Astral will continue to uncover exploration projects with potential to ensure long-term growth and enhance shareholder wealth.

PROJECT IN HAND


British Columbia Project

(1) Jumping Josephine (JJ) Gold Property

Astral's Jumping Josephine (JJ) property is located in the West Kootenay region of southeastern British Columbia in Rossland Mining District that has had historical production in excess of 9 million ounces of high-grade gold, yet has remained under-explored since prior to World War II. New gold showings were discovered in several areas of the JJ Property during 2003 by Kootenay Gold Inc. through intensive prospecting and after road building for logging activity exposed new mineralized structures. They subsequently assembled a claim position in the area surrounding and including several small-scale past-producers in the Granville Mountain (Bonanza Pass) area. Astral is earning a 60% interest from Kootenay Gold in the 11,785 hectare project.

Astral has discovered a high grade gold zone on the JJ property. The JJ Main Zone remains open to the south, north and to depth.

Highlights from the 2006 Phase II trenching on the JJ Main Zone include:

• 31.19 g/t gold over 7 m, including 133.91 g/t gold over 1 m from Trench 02a (0.91 oz/t over 22.97 feet including 3.906 oz/t over 3.28 feet)

• 25.24 g/t gold over 4 m from Trench 02c (0.736 oz/t over 13.12 feet)

• 14.1 g/t gold over 5 m from Trench 03a (0.411 oz/t over 16.40 feet)

• 9.28 g/t gold over 1 m from Trench 03b (0.271 oz/t over 3.28 feet)

Project Highlights:

• Phase I drill program has been completed. Drilling highlights from JJ Main Zone include:

  • 19 m averaging 7.01 g/t gold (62.32 feet at 0.205 oz/t)

  • 10 m averaging 9.95 g/t gold (32.8 feet at 0.29 oz/t)

  • Assays pending for 7 more holes from JJ Main Zone

• Assays pending for 11 holes from Bonanza Pass and Albion-Dubrovnik targets

• Earning a 60% interest in 11,785 hectares

• Phase II drill program has permitting and is planned for late summer '07

(2) Chenier Copper-Gold Property

The Chenier property covers an area of 6,500 hectares in the Kelly Creek area 30 km north of Rock Creek in southern British Columbia. Most claims are within the Greenwood Mining Division with a smaller western portion in the Osoyoos Mining Division. Mineralization at Chenier is thought to have many similarities to the higher levels of an alkalic porphyry copper-gold system. Preliminary mapping during 2006 revealed several zones of mineralization. Gold occurs in quartz veins and shears in the southwest part of the claim group and is anomalous in other base metal veins. The property has the potential to host a disseminated alkalic-type copper-gold porphyry deposit. Astral is earning a 60% interest in the 6,500 hectare property.

2007 work in this property includes aerial geophysics (completed) and a comprehensive surface sampling program is underway.

North and South Carolina Project

Astral is currently drilling the Saluda Gold Project in South Carolina.

Project Highlights:

• 500 m Phase I drill program has been completed. Drilling highlights include:

  • 1.98 m averaging 17.8 g/t gold

  • 2.16 m averaging 14.4 g/t gold

• Situated in the auriferous Carolina Slate Belt

• Earning up to 80%.

Nevada Project

(1) Gold Springs Property

The Gold Springs property consists of 124 unpatented mining claims located in the Stateline Mining District, Nevada and Utah, USA. The Gold Springs project is located within a mineral belt containing several advanced exploration prospects and three past operating gold mines. This area collectively represents a large, under explored, gold-bearing low-sulphidation epithermal system hosted primarily in intermediate volcanic rocks. Multiple mineralized zones, over an area 3 km by 6 km, have been outlines on the Gold Springs project through geological mapping and geochemical sampling.

Project Highlights:

• Follow-up diamond drill program planned for 2007

• Hole GS-06-1 drilled in 2006 intersected a north-northeast striking quartz vein in the hanging wall (east side) of the main Jumbo vein assaying 7.24 g/t gold and 28.9 g/t silver over 6.1 m, including a 1.5 m interval which assayed 20.74 g/t gold and 53.4 g/t silver.

• Potential for high-grade vein and bulk tonnage precious metal deposits.

(2) Scraper Springs Property

The Scraper Springs project lies on the northern extension of the prolific gold producing Carlin Trend, Elko County and covers an area 2.4 km by 1.6 km. The area is covered by altered and mineralized Tertiary volcanic rocks that display a well defined anomalous gold, arsenic and antimony zone within an area 1.6 km by 0.8 km.

Project Highlights:

• Several deep holes planned in 2007 to test for a high-grade Carlin-type deposit

• Lies on the northern extension of the prolific Carlin trend

• Displays a well-defined gold, arsenic and antimony anomaly over a 1.6 km by 0.8 km area.

(3) REF Property

The REF property is located on the south end of the Battle Mountain - Eureka Trend, south of Eureka County, and covers an area 3 km by 1 km. Anomalous gold-bearing calcite veins are found in the Nevada Formation in a geologic setting similar to that which hosted the Gold Bar deposit.

Project Highlights:

• Geochemical soil survey rock chip sampling, geological mapping and ground magnetics are complete

• Located on the south end of the Battle Mountain - Eureka Trend

• Potential to host a classic disseminated gold Carlin-type deposit

• Property ready to drill in 2007.

(4) Emmy Property

The Emmy property has been staked by Astral Mining Corporation on the far northern end of the Carlin Trend, Elko County. This property lies approximately 8 miles north of the Company's Scraper Springs project and is underlain by similar lithologies, structures and geochemistry as found at Scraper Springs.

Project Highlights:

• Large surface program including geophysics planned for 2007

• Staked on under-explored far northern end of the prolific Carlin Trend

• Area contains anomalous silver values at surface.

(5) Roy and Hills Properties

Astral Mining Corporation has signed a Letter of Intent to option from Amera Resources Corporation (AMS-TSX.V) the Roy and Hills properties, located in the prolific Walker Lane Mineral Belt of West Central Nevada, where past production has yielded more than 35 million gold equivalent ounces. Under the terms of this Letter of Intent, Astral may earn up to an 80% interest in the Roy and Hills properties.

The 478 hectare (1,180 acre) Roy and the 227 hectare (560 acre) Hills properties have been previously sampled by Amera with several rock samples containing significant gold and silver grades. Detailed surface sampling, mapping and ground magnetics have identified drill targets on both the Roy and Hills projects.

(6) Monzo Property

The Monzo property is located in the Cedar Mountains of west-central Nevada along the north-eastern edge of Walker Lane Trend.

Project Highlights:

• Plans for 2007 include geological mapping, rock and soil sampling and ground magnetics to identify drill targets

• Located in the Cedar Mountains of west-central Nevada along the north-eastern edge of Walker Lane Trend.

MANAGEMENT

Astral Mining Corporation has a well management team with experience in different areas.

Manfred Kurschner, President, CEO and Director
Mr. Kurschner has been providing consulting services and assistance to public companies and companies desiring to go public since 1986, through his private British Columbia consulting company. These services can include providing financial strategies, introducing companies to sources of capital, structuring and negotiating terms of investments or acquisitions, and coordinating all steps and preparation of necessary documents for public and private offerings and commercial transactions. In addition to providing consulting services, Mr. Kurschner has been a director or officer of a number of public companies.

Dr. David Terry, Director and Vice-President of Exploration
Dr. Terry's extensive experience has focused on exploration for a wide spectrum of precious and base metal deposits throughout North and South America. His experience has included international project management, management of exploration programs for both major and junior mining companies, as well as independent consulting assignments. He was formerly a Regional Geologist with the British Columbia Ministry of Energy and Mines and has worked for numerous mining companies including Boliden Limited, Westmin Resources Limited, Hemlo Gold Mines Inc., Cominco Limited and Gold Fields Mining Corporation. Dr. Terry is a Registered Professional Geologist and brings Astral Mining over 15 years of international experience in the mineral exploration and mineral deposit research sectors.

Andrew Carter, Director
Mr. Carter entered the mining industry in the 1970s, managing exploration crews in the Leonora and Kimberly regions of Western Australia. He graduated from Midland Technical College after studying accounting. Mr. Carter is currently President and CEO of Tinka Resources Limited, a TSX Venture Exchange listed company, and also serves as an officer and director of other public reporting companies.

Nick DeMare, Director
Mr. DeMare holds a Bachelor of Commerce degree from the University of British Columbia. Mr. DeMare is the President of Chase Management Ltd., a private company which provides a broad range of administrative, management and financial 
services to private and public companies engaged in mineral exploration and development, gold and silver production, oil and gas exploration and production and venture capital. Mr. DeMare indirectly owns 100% of Chase. Mr. DeMare currently serves as an officer and director of various public reporting companies.

Arthur Lang, CFO

Linda McClusky, Corporate Secretary

NEWS UPDATE

On September 11, 2007, Astral Mining Corporation and Kootenay Gold Inc. announced that a 3,500 m Phase II drilling program has recently commenced at the JJ Main Discovery Gold Zone. In addition surface trenching over several additional targets is also completed and samples have been submitted for analysis. The Company also provided final results from the 2,627.73 m, 31 hole Phase I diamond drill program on the Jumping Josephine (JJ) Gold Project in southeast British Columbia. The results include assays from holes drilled in the JJ Main (20 holes for 1,431.06 m), Bonanza Pass (2 holes for 643.29 m) and Albion-Dubrovnik areas (9 holes for 553.38 m).

Results from HQ diamond drill holes #14 through to #17 and NQ2 diamond drill holes #18 and #20, include 10 m averaging 1.17 g/t gold (32.8 feet at 0.034 oz/t) from hole 07JD016, which includes 1 m at 4.14 g/t gold (3.28 feet at 0.121 oz/t). Six of the remaining seven holes from the 20 hole Phase I drill program completed on the JJ Main Zone are reported. Diamond drill hole 07JD019 is not reported, as core was lost during a transportation incident.

On July 12, 2007, Astral Mining Corporation and Kootenay Gold Inc. provided the results for the second batch of samples, from eleven holes of the 20 hole Phase I drill program completed on the JJ Main Gold Zone, on the Jumping Josephine (JJ) Gold Project in southeast British Columbia.

Results from HQ diamond drill holes #3 through to #13, include 19 m averaging 7.01 g/t gold (62.32 feet at 0.205 oz/t) from hole 07JD013, which includes 5 m averaging 16.42 g/t gold (16.40 feet at 0.479 oz/t). Based on current information the JJ Main Gold Zone has an estimated true width of up to 12.6 m (41.32 feet). Mapping and geochemistry to date suggest that the JJ Main structure may extend for over 3 km.

Visible gold was observed in 07JD012 and 013 and both are located on the southernmost fence drilled in the Phase I program.

Furthermore, the Company reported drill holes #1 and 2 (see June 14, 2007 news release) were submitted for re-assay. Drill hole #1 has now been upgraded by 27% to 10 m averaging 12.65 g/t gold.

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