NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES


Astral Mining Corporation (TSX VENTURE:AA) ("Astral") announces that the annual
general and special meeting of the shareholders of Astral will be held on
Thursday, January 31, 2013 at Suite 700, 595 Burrard Street, Vancouver, British
Columbia at 10:00 a.m. (Vancouver time) (the "Meeting").


At the Meeting, Astral's shareholders will be asked to, among other things,
consider and to pass a special resolution (the "Arrangement Resolution")
authorizing and approving the acquisition of all the issued and outstanding
common shares of Astral by Orex Minerals Inc. (TSX VENTURE:REX) ("Orex") by way
of a plan of arrangement (the "Arrangement"). Pursuant to the Arrangement, Orex
will issue Astral shareholders 0.0834 of an Orex common share for each issued
and outstanding Astral share held by an Astral shareholder (the "Exchange
Ratio"). If the Arrangement becomes effective, the holders of outstanding Astral
warrants and options will, upon exercise, be entitled to receive that number of
Orex shares adjusted in accordance with the Exchange Ratio.


Astral's board of directors has unanimously determined that the terms of the
Arrangement are fair and reasonable to Astral and its shareholders and
unanimously recommends that Astral shareholders vote in favour of the
Arrangement resolution at the upcoming meeting. Astral's board obtained a
fairness opinion prepared by Ross Glanville & Associates Ltd. and Bruce McKnight
Minerals Advisor Services. The board also considered a number of factors,
including among others:




--  the mineral property portfolio of Orex includes projects which are at a
    more advanced stage and offer better prospects for discovery of an
    economic deposit than the current mineral property portfolio of Astral; 
    
--  Astral shareholders, by receiving Orex shares under the Arrangement,
    would benefit from Orex's strong management team supported by a
    technical team with a history of exploration success and project
    advancement. 
    
--  Astral's mineral exploration projects would also benefit from Orex's
    fund-raising capabilities, broad following in the investment community,
    and strong cash position; and 
    
--  Orex will, upon completion of the Arrangement, have the financial
    resources and management and technical team to advance work programs on
    the Barsele Gold Project and Astral's projects and to investigate new
    mineral project acquisitions or other transactions. 



For more information on the Arrangement, please see Astral's Information
Circular as of December 13, 2012, the Fairness Opinion attached to the Circular,
and other proxy materials which are available for review on SEDAR.


All shareholders are encouraged to vote by proxy at least 48 hours before the
start of the annual general and special meeting or attend the meeting in person
on January 31, 2013.


About Orex Minerals Inc.

Orex Minerals Inc. (TSX VENTURE:REX) is a Canadian-based junior exploration
company with two very distinctive precious metals plays in its portfolio:
Barsele Gold Project (Sweden) and Coneto Silver-Gold Project (Durango, Mexico).
Please refer to www.orexminerals.com for additional information.


Shares outstanding 44,562,479

About Astral Mining Corporation

Astral Mining Corporation (TSX VENTURE:AA) is a Canadian company engaged in the
exploration and development of precious metal properties in the Americas. By
focusing on exploration in mining-friendly districts, the Company minimizes the
political and social risks encountered in many other parts of the world. Please
refer to www.astralmining.com for additional information.


Shares outstanding 24,935,554

ON BEHALF OF THE BOARDS



Mr. Gary Cope                 Mr. Manfred Kurschner         
President & CEO               President & CEO               
Orex Minerals Inc.            Astral Mining Corporation     



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. 


Forward-Looking Information

This news release contains "forward-looking statements" including but not
limited to statements with respect to Orex and Astral's plans, the estimation of
mineral reserves and the success of exploration activities. Forward-looking
statements, while based on management's best estimates and assumptions, are
subject to risks and uncertainties that may cause actual results to be
materially different from those expressed or implied by such forward-looking
statements, including but not limited to: risks related to the successful
integration of acquisitions; risks related to international operations; risks
related to general economic conditions and credit availability, actual results
of current exploration activities, fluctuations in foreign currency exchange
rates, possible variations in ore reserves or grade; failure of plant, equipment
or processes to operate as anticipated; accidents, labour disputes, title
disputes, claims and limitations on insurance coverage and other risks of the
mining industry; changes in national and local government regulation of mining
operations, tax rules and regulations; and political and economic developments
in countries in which Orex and Astral operate. Although Orex and Astral have
attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking statements, there may
be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking statements. Neither Astral nor Orex undertake any
responsibility to update forward-looking statements, except as required by law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Astral Mining Corporation
Manfred Kurschner
President & CEO
(604) 569-0800
info@astralmining.com
www.astralmining.com


Orex Minerals Inc.
Ross Wilmot
CFO
(604) 687-6310
info@orexminerals.com
www.orexminerals.com

Alba Minerals (TSXV:AA)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Alba Minerals Charts.
Alba Minerals (TSXV:AA)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Alba Minerals Charts.