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INSPIRATION INCREASES PRIVATE PLACEMENT (30-Jan-2018)

Toronto, Ontario - Inspiration Mining Corporation (the “Corporation”) is pleased to announce that, subject to regulatory approval, it has amended the terms of its non-brokered private placement previously announced in its press release dated January 10, 2018. The Corporation has increased the number of Units from 7,000,000 to 8,500,000 Units a price of $0.10 per Unit for gross proceeds of up to $850,000. 

Each Unit is comprised of one (1) common share and one (1) common share purchase warrant (the “Warrant”). Each Warrant entitles the holder thereof to purchase one (1) common share for a period of two (2) years from the date of issuance. The Warrants are exercisable at a price of $0.15 per common share. There may be a finder’s fee paid in connection with the proposed private placement. The proceeds will be used for general working capital. 

For further information, please contact Randy Miller, Chief Executive Officer of the Corporation, at 416.842.9000, www.inspirationmining.com

 

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. 

This press release contains forward-looking statements based on assumptions, uncertainties and management’s best estimates of future events. Actual results may differ materially from those currently anticipated. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements are detailed from time to time in the Corporation’s periodic reports filed with the Ontario Securities Commission and other regulatory authorities. The Corporation has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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INSPIRATION SCHEDULES SHAREHOLDERS MEETING (18-Jan-2018)

Toronto, Ontario – Inspiration Mining Corporation (“Inspiration” or the “Corporation”) is pleased to announce that it has scheduled a shareholders’ meeting for May 3, 2018 (the “Meeting”). At the Meeting the shareholders of Inspiration will consider, among other things, the appointment of directors, a special resolution changing the name of the Corporation from its current form to “Inspiration Cannabis Corporation” and a special resolution authorizing Inspiration to change its business from an exploration company to a cannabis distribution company. The proposed name change and change of business is subject to the receipt of regulatory approval. 

The Corporation’s intention to change its name and its business is based primarily on its negotiations with Compassion Cannabis whereby the Corporation and Compassion Cannabis intend to enter into some form of a business relationship which will initiate Compassion Cannabis’ exposure to the Canadian public markets. 

Compassion Cannabis, a private Ontario company, has the expertise to capitalize on the various facets of the going marijuana market, including the “Vape” market and dispensary centers for the industry. The Corporation is of the opinion that the “Vape” market and dispensary centers represents an opportunity to capitalize on the growing medical cannabis industry. 

Inspiration will provide shareholders with updates on the status of its discussions with compassion Cannabis and there can be no assurance that the corporation will enter into any agreement with Compassion Cannabis.

 

For further information, please contact Randy Miller, Chief Executive Officer of the Corporation, at tel: 416-842-9000, www.inspirationmining.com

 The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

This press release contains forward-looking statements based on assumptions, uncertainties and management’s best estimates of future events.  Actual results may differ materially from those currently anticipated. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements are detailed from time to time in the Corporation's periodic reports filed with the Ontario Securities Commission and other regulatory authorities. The Corporation has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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INSPIRATION ENTERS INTO NEGOTIATIONS TO ACQUIRE COMPASSION CANNABIS (11-Jan-2018)

Toronto, Ontario – Inspiration Mining Corporation (“Inspiration” or the “Corporation”) is pleased to announce that it has commenced formal negotiations with Compassion Cannabis whereby the Corporation and Compassion Cannabis will enter into some form of a business relationship which will initiate Compassion Cannabis’ exposure to the Canadian public markets. One of the options being discussed is the acquisition of all of the issued and outstanding securities of Compassion Cannabis which would result in it becoming a wholly owned subsidiary of the Corporation.

 Compassion Cannabis, a private Ontario company, has the expertise to capitalize on the various facets of the going marijuana market, including the “Vape” market and dispensary centers for the industry. The Corporation is of the opinion that the “Vape” market and dispensary centers represent an opportunity to capitalize on the growing medical cannabis industry.

 Inspiration will provide shareholders with updates on the status of its discussions with compassion Cannabis and there can be no assurance that the corporation will enter into any agreement with Compassion Cannabis.

 For further information, please contact Randy Miller, Chief Executive Officer of the Corporation, at tel: 416-842-9000

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INSPIRATION ANNOUNCES PRIVATE PLACEMENT (10-Jan-2018)

Toronto, Ontario – Inspiration Mining Corporation (“Inspiration” or the “Corporation”) is pleased to announce that it intends to raise gross proceeds of up to $700,000 through a non-brokered private placement of up to 7 million units (the “Units”) of the Corporation at a price of $0.10 per Unit. Each Unit will consist of one (1) common share and one (1) common share purchase warrant (“Warrant”). Each Warrant will entitle the holder to purchase one (1) common share for a period of two (2) years from date of issuance at an exercise price of $0.15 per Warrant.

The non-brokered private placement is subject to all necessary regulatory approvals. The securities being issued in the private placement will be subject to a four-month hold period in accordance with applicable Canadian securities laws. The Corporation intends to use the net proceeds for general working capital.

For further information, please contact Randy Miller, Chief Executive Officer of the Corporation, at tel: 416-842-9000

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Inspiration To Test For Cobalt (21-Oct-2017)

Toronto, Ontario – Inspiration Mining Corporation (“Inspiration” or the “Corporation”) is pleased to announce that it will be examining its past assays for Cobalt. Over the past 10 years, the Corporation has tested and catalogued over 8,000 assay samples from its 100% owned Langmuir Property, which is known for high grade Nickel sulphide production, the focus of these past assays have always been nickel. The Corporation will now focus its efforts in re testing theses assays for Cobalt.

Cobalt, which has been seen as a byproduct of nickel and copper mines in the past, is now a key element in lithium ion battery production which, in combination of nickel and sulfides, possess a higher electronic conductivity and results in a faster charge transfer than other alternatives. It is the resource now used in phones, computers, electric and hybrid vehicles and solar power storage systems. The increased demand for cobalt has resulted in its price rising sharply over the last few years.

“Given that nickel prices are on the rebound and the increased prices of Cobalt, the Corporation will be exploring the possibility of locating Cobalt on its Langmuir Property” stated Randy Miller, the President of the Corporation, “Given the substantial resources that the Corporation has expended in its various drill programs on its property, the Corporation believes that it has enough assay samples to properly test for Cobalt presence on the Langmuir Property.”

For further information, please contact Randy Miller, Chief Executive Officer of the Corporation, at tel: 416-842-9000

 

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