2011

INSPIRATION ADVANCES LANGMUIR PROJECT AND ENGAGES NORDPRO TO PROVIDE ENGINEERING AND GEOLOGICAL SERVICES (15-Aug-2011)

August, 15 2011 TSX - ISM Frankfurt- OI8

Toronto, Ontario, August 15, 2011 Inspiration Mining Corporation (Inspiration or the Corporation) is pleased to announce the engagement of NordPro Mine and Project Management Services Ltd. of Thunder Bay, Ontario to provide engineering and geological services on the companys Langmuir Property.  In addition, the Company is pleased to announce results from its ongoing infill and detail drilling program at the Langmuir Open Pit Nickel Deposit.

The Langmuir property comprises 69 mining claims covering 1121 hectares in the Langmuir Township, 25 km southeast of Timmins, Ontario. It hosts the past nickel producing mines of Langmuir No. 1 and 2. Two main deposits were drilled and identified by Inspiration Mining on which indicated nickel resources were estimated at 1.7 Mt @ 0.51% for Langmuir 1 and 8.3 Mt @ 0.4% Ni for Langmuir North deposits (43-101 Micon Report, Jan 2010).

With the 2011 infill and detail drilling program nearing completion, the Company is pleased to report that it now has sufficient data and has engaged a team led by NordPro in order to provide an updated NI 43-101 Resource Report.

Highlights of the services to be provided by NordPro include:

  1. Rebuilding of Block Models for Langmuir.
  2. Completing an NI 43-101 compliant resource estimate utilizing the new Block Models.
  3. Providing guidance and support in the optimization of future exploration drilling programs.
  4. Providing direction for oriented core directional drilling to support Geotechnical evaluations.
  5. Providing open pit analysis and optimization strategies for pit wall slopes.

We are very pleased to be working with the NordPro team on this important initiative.  The breadth of experience within the team is superb and we are confident that the updated 43-101 Report will give the Company and its shareholders a more complete understanding of the potential for the Langmuir deposit, said Ian Stewart, President, Inspiration Mining.  

KCC-Allerston is a lower grade, high tonnage nickel-mineralized zone located 2 km northwest of the Langmuir1 deposit, revealed by exploration drill programs in 2008 and 2009 (listed in 43-101 Report, Sept 2009 posted on Sedar). The zone is hosted in intrusive komatiitic ultramafic and mafic rocks conformably intercalated with intermediate and felsic volcanic sequences dipping to the SE and in contact with a late-Archean tonalitic pluton to the southwest. The zone is trending to NNE and extends at least over 700 m horizontally.

In March 2011, the Company embarked on a 3000 meter drill program designed to delimit the extension of the mineralized body and to fill voids between previous drilling with spacing between 60 and 100 meters.

Results with 0.2% Ni cutoff are as follows:

2011 Drill Program

Id

From

To

Length (m)

Ni Weight Av %

*KCC11-6

50

103

53

0.24

 

120

171

50

0.26

 

174

192

17

0.32

 

197

245

48

0.24

*KCC11-7

116

325

207

0.22

*KCC11-8

158

386

228

0.23

*KCC11-9

134

348

213

0.23

*KCC11-10

68

172

104

0.24

 

175

238

63

0.22

*KCC11-11

47

100

53

0.21

 

116

323

208

0.22

*KCC11-12

142

309

165

0.22

New Assays

KCC11-13

216

416

200

0.23

KCC11-14

2

106

104

0.23

KCC11-15

1

109

108

0.22

KCC11-16

3

97

94

0.21

KCC11-17

2

113

111

0.23

KCC11-30

47

155

108

0.22

KCC11-32

76

151

75

0.23

KCC11-37

53

155

102

0.23

all intersection lengths should be considered as true widths
*Previously released in MD&A dated March 31, 2011

The Qualified person in charge of the Langmuir Property and the person who prepared the technical data in this release is Andre Ciesielski, P.Geo.

Forward Looking Statements

This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation.  Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as plans, anticipated, expects or does not expect, is expected, budget, scheduled, estimates, forecasts, intends, anticipates or does not anticipate, or believes, or variations of such words and phrases or state that certain actions, events or results may, could, would, might or will be taken, occur or be achieved.  Inspiration is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements contained in this release.  Inspiration cannot assure investors that actual results will be consistent with these forward looking statements and Inspiration assumes no obligation to update or revise the forward looking statements contained in this release to reflect actual events or new circumstances.

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Inspiration Mining Corporation to Launch Normal Course Issuer Bid (11-July-2011)

July, 11 2011 TSX - ISM Frankfurt- OI8

 

TORONTO, ONTARIO -- Inspiration Mining Corporation (the "Corporation") (TSX:ISM)(FRANKFURT:OI8) announced today that it has received regulatory approval from the Toronto Stock Exchange ("TSX") to launch a normal course issuer bid (the "Bid"), pursuant to the terms set out in the notice of intention to make a normal course issuer bid (the "Notice") filed with the TSX. The market price of the Corporation's common shares may be undervalued and not reflective of the underlying value of the Corporation's assets, and that, accordingly, the purchase of its common shares under the Bid is appropriate and in the best interests of the Corporation and its stakeholders.

The Corporation has 70,403,770 common shares issued and outstanding as of July 5, 2010. The Notice provides that under the Bid, the Corporation may purchase up to 6,567,081 common shares, being 10% of the public float. The Notice further provides that, subject to the Corporation's ability to make "block" purchases through the facilities of the TSX in accordance with the TSX rules, the aggregate number of common shares that the Corporation may purchase during any trading day will not exceed 23,946 shares, being 25% of the average daily trading volume of the shares based on their trading volume on the TSX for the most recently completed six calendar months preceding the date of the Notice.

The Bid will begin on July 12, 2011 and will terminate on the earlier of July 11, 2012 or such date as the Corporation may complete its permitted purchases under the normal course issuer bid. The common shares will be acquired on the open market through the facilities of the TSX, at the discretion of management of the Corporation, and the purchase and payment for the common shares will be made in accordance with the requirements of the TSX and all other applicable laws. PI Financial Corp. will conduct the normal course issuer bid on behalf of the Corporation. The price that the Corporation will pay for any common shares acquired will be the market price of the common shares at the time of acquisition. All common shares acquired by the Corporation under this Bid will be cancelled.

Pursuant to its previous normal course issuer bid, which expired on March 14, 2011, the Corporation purchased an aggregate of 3,019,500 common shares at an average weighted price of $0.29 per common share.

Forward Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "anticipated", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Inspiration is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements contained in this release. Inspiration cannot assure investors that actual results will be consistent with these forward looking statements and Inspiration assumes no obligation to update or revise the forward looking statements contained in this release to reflect actual events or new circumstances.

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INSPIRATION ANNOUNCES RETIREMENT OF CHIEF FINANCIAL OFFICER JAMES DAVIS AND APPOINTS PETER ANDERSON AS SUCCESSOR (21-April-2011)

April, 21 2011 TSX - ISM Frankfurt- OI8

 

INSPIRATION ANNOUNCES RETIREMENT OF CHIEF FINANCIAL OFFICER JAMES DAVIS AND APPOINTS PETER ANDERSON AS SUCCESSOR

Toronto, Ontario Inspiration Mining Corporation (Inspiration or the Corporation) today announced that James Davis, its Chief Financial Officer (CFO), is retiring from the company.  Mr. Davis has been with Inspiration for the last 10 years as CFO and  has been a key contributor to Inspirations strong financial positioning.  Inspiration is pleased to report that Mr. Davis will be succeeded by Peter Anderson as its new Chief Financial Officer.  The Corporation has entered into an agreement with Mr. Davis which will allow for his services to be available to Inspiration as needed.

I will miss Inspiration a great deal, but it is time to now move on to a new chapter in my life that will allow me the freedom to focus on both family and physical well being, Davis said. 

I want to personally thank Jim for his terrific contributions over the last 10 years to Inspiration and wish both Jim and his wife Carol, much happiness in their upcoming retirement, said Randy Miller, CEO, Inspiration Mining.

As part of the ongoing transition, Mr. Anderson has been working closely with the company and Mr. Davis over the last two months to ensure a seamless transition into the new role as CFO.  

Mr. Anderson brings to the Corporation a strong background in finance and accounting and has extensive experience in both public and private companies.  Peter Anderson is a Certified General Accountant ("CGA") having attained his designation in 1990.  Mr. Anderson was formerly the Vice President Finance of Stratacon Inc. During his tenure at Stratacon Inc., the company developed into the largest sub metering company in Canada and he was instrumental in facilitating the sale of Stratacon Inc. to EnerCare Inc. (formerly the Consumers Waterheater Income Fund). Prior to joining Stratacon Inc., Peter Anderson was the Chief Financial Officer of Gas Recovery Systems LLC, a major U.S. based landfill gas to energy company.  At the time, Gas Recovery Systems LLC was wholly owned by the Clean Power Income Fund. 

I am very excited and pleased to be working with the team at Inspiration.  The Corporation has some great assets and I look forward to being able to contribute to the ongoing development of the business said Peter Anderson, Chief Financial Officer.

The Board of Inspiration would also like to congratulate Peter on his appointment as CFO.  We are confident that Peter will take over from where Jim has left off and are certain that the company will be well served financially under Peters guidance, said Ian Stewart, President, Inspiration Mining. 

Forward Looking Statements

This news release contains forward-looking  statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation.  Generally, these forward-looking statements can be identified by the use of forwardlooking terminology such as plans, anticipated, expects or does not expect, is expected, budget, scheduled, estimates, forecasts, intends, anticipates or does not anticipate, or believes, or variations of such words and phrases or state that certain actions, events or results may, could, would, might or will be taken, occur or be achieved.  Inspiration is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements contained in this release.  Inspiration cannot assure investors that actual results will be consistent with these forward looking statements and Inspiration assumes no obligation to update r revise the forward looking statements contained in this release to reflect actual events or new circumstances.

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Inspiration Drills 167M of 0.26% NI Including 1 M OF 1% Ni Providing Definition to a Fourth Mineralized Zone at Langmuir (22-March-2011)

March, 22 2011 TSX - ISM Frankfurt- OI8

Toronto, Ontario, March 22, 2011 Inspiration Mining Corporation (Inspiration or the Corporation) is pleased to announce results from its ongoing infill and detail drilling program at the Langmuir Open Pit Nickel Deposit.

The Langmuir property comprises 69 mining claims covering 1121 hectares in the Langmuir Township, 25 km southeast of Timmins, Ontario. It hosts the past nickel producing mines of Langmuir No. 1 and 2. Two main deposits were drilled and identified by Inspiration Mining on which inferred nickel resources were estimated at 1.7 Mt @ 0.51% for Langmuir 1 and 8.3 Mt @ 0.4% Ni for Langmuir North deposits (43-101 Micon Report, Jan 2010).

KCC-Allerston is a nickel-mineralized zone located 2 km northwest of the Langmuir1 deposit, revealed by exploration drill program in 2008 and 2009 (listed in 43-101 Report, Sept 2009, posted on Sedar). The zone is hosted in intrusive komatiitic ultramafic and mafic rocks conformably intercalated with intermediate and felsic volcanic sequences dipping to the SE and in contact with a late-Archean tonalitic pluton to the southwest. The zone is trending to NNE and extends at least over 700 m horizontally. Historical results with 0.2% Ni cut off are as follows:

Historical Results:

Id

From

To

Length (m)

Ni Weight Av %

IMCEX-41

10

131

121

0.22

IMCEX-42

14

108

94

0.24

 

114

125

11

0.22

IMCEX-43

74

214

140

0.22

IMCEX-44

57

197

140

0.24

 

201

231

30

0.20

IMCEX-45

69

226

157

0.23

IMCEX-46

72

116

44

0.25

 

124

259

135

0.24

KCC09-1

29

192

163

0.24

KCC09-2

149

280

131

0.25

KCC09-3

98

228

130

0.23

KCC09-4

83

121

38

0.20

 

131

239

108

0.24

KCC09-5

40

66

26

0.19

 

103

237

134

0.22

all intersection lengths should be considered as apparent width

2011 Drill Program

Id

From

To

Length (m)

Ni Weight Av %

*KCC11-6

50

103

53

0.24

 

120

171

50

0.26

 

174

192

17

0.32

including

189

190

1

1.00

 

197

245

48

0.24

all intersection lengths should be considered as apparent width

Previous drilling revealed mineralization at an average 140 m intervals over 700 m to the NNE along the main ultramafic intrusive sequence.  In order to test the down-dip mineralization extension, Inspiration initiated and recently completed, a 7-hole fence program 125 m to the southeast of the previous hole fence. Drilling assays revealed a mineralized zone at KKC09-1: 163m @ 0.24% Ni and at KCC11-6: diluted 195m @ 0.22% Ni.  Holes show a true separation distance of 95 m to the SE following the dip of the mineralized ultramafic rock.  KCC11-6 shows a mineralization gap between 102 and 120 m due to a felsic dyke and other smaller gaps related to mafic dykes. Further results will be compiled and shall orient the future steps necessary to fully assess the low grade / high tonnage Ni potential of the area.

KCC Allerston has been of interest to Inspiration since 2009 where we included it in our 43-101 technical report dated September 2009.  Although we did not have sufficient detail to incorporate into the January 2010, 43-101 resource calculation, we are extremely encouraged by the definition provided by KCC11-6 and with 6 assays pending, we continue to be confident of the potential impact that KCC-Allerston may have on our overall theory of Langmuir, being a high tonnage, low grade deposit, said Ian Stewart, President, Inspiration Mining.

The Qualified person in charge of the Langmuir Property and the person who prepared the technical data in this release is Andre Ciesielski, P.Geo.

Forward Looking Statements

This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation.  Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as plans, anticipated, expects or does not expect, is expected, budget, scheduled, estimates, forecasts, intends, anticipates or does not anticipate, or believes, or variations of such words and phrases or state that certain actions, events or results may, could, would, might or will be taken, occur or be achieved.  Inspiration is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements contained in this release.  Inspiration cannot assure investors that actual results will be consistent with these forward looking statements and Inspiration assumes no obligation to update or revise the forward looking statements contained in this release to reflect actual events or new circumstances.

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Inspiration Provides Revision to Its Press Release Dated February 3rd, 2011 (16-March-2011)

March, 16 2011 TSX - ISM Frankfurt- OI8

Mar. 16, 2011 (Marketwire Canada) -- TORONTO, ONTARIO -- As a result of a review by the Ontario Securities Commission, Inspiration Mining Corporation ("Inspiration" or the "Corporation") (TSX:ISM)(FRANKFURT:OI8) is issuing the following press release to clarify its disclosure in its press release of February 3, 2011.

The Langmuir property comprises 69 mining claims covering 1121 hectares in the Langmuir Township, 25 km southeast of Timmins, Ontario. It hosts the majority of the past nickel producing mines of Langmuir No. 1 and 2. Two main deposits were drilled and identified by Inspiration Mining on which inferred nickel resources were estimated at 1.7 Mt @ 0.51% for Langmuir 1 and 8.3 Mt @ 0.4% Ni for Langmuir North deposits (43-101 Micon Report, Jan 2010).

In addition to successfully increasing the resource at Langmuir 1 and Langmuir North, extensive exploration drilling in 2008 and 2010 in the northeast extension of Langmuir 1 deposit has provided the definition of three (3) mineralized zones, corresponding to adjacent stratigraphic ultramafic and mafic NE-trending horizons dipping to the southeast.

L1Extension is the main mineralized zones located 300 m northeast of the Langmuir 1 deposit. It is mostly hosted in ultramafic and mafic komatiitic flows in contact with underlying intermediate volcanic and intrusive felsic sequences to the NW and contains high grade nickel sulfide intersections. A total of 25 holes were drilled on the zone with the following selected intersections:

L1 Extension historical results reported in 43-101 Micon Report, January 2010:

Hole Id

From

To

Length

Ni Weight Av %

IMCEX-23

273

281

7

0.43

 

284

298

13

0.37

 

312

322

9.6

1.74

 

 

 

 

 

IMCEX-24

146.3

153

6.7

0.32

 

308.2

335

26.8

0.34

 

 

 

 

 

IMCEX-28

200

225

25

0.35

 

316

343.4

118.4

0.22

 

 

 

 

 

IMCEX-35

118

171

53

0.22

IMCEX-36

138

212

74

0.22

 

 

 

 

 

IMCEX-37

6

61

55

0.25

 

95

99

4

0.23

 

129

133

4

0.22

 

 

 

 

 

IMCEX-50

321

366.1

45

0.25

 

 

 

 

 

IMCEX-51

330.7

341.6

10

1.24

 

 

 

 

 

IMCEX-52

346

371.4

25.4

1.45

* all intersection length should be considered as apparent width

In the recent press releases of Nov 2, 2010 and Feb 3, 2011, selected intersection from hole L1-10-01, 02, 05, 06 and 07 were quoted to outline either the potential for high grade nickel zones in the extension of Langmuir 1 deposit or low grade / high tonnage stratigraphically located below or above the Langmuir 1 deposit zone. For further clarity, the following table lists all intersections using a 0.2% Ni cut off grade. It should be noted that all lengths are apparent thickness and that most of angles are relatively steep with respect to core axis.

Hole Id

From

To

Length

Ni Weight Av %

L1-10-01*

5

48.4

43.4

0.22

 

314

419

105

0.24

 

427

434.3

7.3

0.23

 

 

 

 

 

L1-10-02*

92

144

52

0.23

 

255

296

41

0.27

 

388

463

75

0.25

 

 

 

 

 

L1-10-04

399

440

41

0.23

 

444.6

476

31

0.26

* Selected intercepts reported in Press Release dated November 2, 2010
* all intersection length should be considered as apparent width

Results from L1-10-12 are pending. Chromium values were revealed in L1-10-01, 12 m @ 0.29% and in L1-10-04, 16 m @ 0.24% Cr with maximum concentration of 0.39 and 0.35% Cr, likely related to chromite. Its potential will be further investigated in metallurgical studies.

L1Ramp is a mineralized zone located stratigraphically below the intermediate and felsic sequences immediately underlying the Langmuir1 deposit zone, mostly hosted in intrusive mafic and ultramafic rocks and contains low-grade nickel intersections. A total of 13 holes were drilled on the zone with the following selected intersections:

L1 Ramp historical results reported in 43-101 Micon Report, January 2010:

Hole Id

From

To

Length

Ni Weight Av %

L1EX -7

64

156

92

0.21

 

 

 

 

 

L1EX -8

9.7

162.1

151

0.24

 

209.3

279.1

63

0.26

L1EX -13

10

65

53

0.22

L1EX -19

196

257

 

0.19

 

 

 

 

 

L1EX -20

118.6

170.8

52

0.21

 

195.3

236.5

41

0.22

 

243.5

323.3

80

0.25

L1EX -21

118.7

190

71

0.24

 

215

300

85

0.24

L1EX -22

212

338

126

0.27

L1EX -35

118

171

53

0.22

L1EX -36

138

212

74

0.22

* all intersection length should be considered as apparent width

Hole ID

From

To

Length

Ni Weight Av %

L1-10-08

121

324

202

0.24

L1-10-09

124

297

173

0.24

L1-10-10

88

222

129

0.24

* all intersection length should be considered as apparent width

Results from holes L1-10-11 and L1-10-16 are pending. In the Ramp zone, the continuity of Ni mineralization will be looked at and further tested for low-grade and high tonnage nickel deposit.

L1-32-31 is a mineralized zone located stratigraphically above the Langmuir1 deposit zone and hosted in ultramafic and mafic komatiitic flows. It is in contact with overlying intermediate volcanic and felsic intrusive sequences dipping to the SE and contains low-grade Ni intersections. A total of 3 new holes were drilled on the zone with the following selected intersections:

Hole Id

From

To

Length

Ni Weight Av %

L1-10-05*

78

133

55

0.25

 

268

312

44

0.24

 

 

 

 

 

L1-10-06*

63

270

207

0.23

 

356.25

385

28.75

0.22

 

 

 

 

 

L10-10-07

75

197

120

0.23

 

202

222

19

0.2

* Selected intercepts reported in Press Release dated November 2, 2010
* all intersection length should be considered as apparent width

 

Chromium values have been revealed in L10-07 showing 65 m @ 0.25% Cr with values up to 0.40%. The matter will be further investigated in metallurgical study as well as the potential of the zone.

In the press release dated February 3, 2011, the comparison of Langmuir to the Mt. Keith or the Talvivaara deposit in Finland was based on the premise of a high tonnage lower grade nickel deposit. The Corporation continues to undertake the exploration work necessary in order to provide the supporting evidence for such comparison.

The Qualified person in charge of the Langmuir Property and the person who prepared the technical data in this release is Andre Ciesielski, P.Geo.

Forward Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "anticipated", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Inspiration is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements contained in this release. Inspiration cannot assure investors that actual results will be consistent with these forward looking statements and Inspiration assumes no obligation to update or revise the forward looking statements contained in this release to reflect actual events or new circumstances.

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Inspiration Mining Identifies Additional Mineralized Zones at Its Langmuir Open Pit Nickel Deposit With 202 Metres of .24% Ni (30-Feb-2011)

February, 03 2011 TSX - ISM Frankfurt- OI8

 

TORONTO, ONTARIO, Feb. 3, 2011 (Marketwire) --  Inspiration Mining Corporation (TSX:ISM)(FRANKFURT:OI8) ("Inspiration" or the "Corporation") is pleased to announce results from its ongoing infill and detail drilling program at the Langmuir Open Pit Nickel Deposit. 

The Langmuir property comprises 69 mining claims covering 1121 hectares in the Langmuir Township, 25 km southeast of Timmins, Ontario. It hosts the majority of the past nickel producing mines of Langmuir No. 1 and 2. Two main deposits were drilled and identified by Inspiration Mining on which inferred nickel resources were estimated at 1.7 Mt @ 0.51% for Langmuir 1 and 8.3 Mt @ 0.4% Ni for Langmuir North deposits (43-101 Micon Report, Jan 2010). 

In addition to successfully increasing the resource at Langmuir 1 and Langmuir North, extensive exploration drilling from 2008 through 2010 in the northeast extension of Langmuir 1 deposit has provided the definition of three (3) mineralized zones, corresponding to adjacent stratigraphic ultramafic and mafic NE-trending horizons dipping to the southeast. 

- L1Extension is the main mineralized zones located 300 m northeast of the Langmuir 1 deposit. It is mostly hosted in ultramafic and mafic komatiitic flows in contact with underlying intermediate volcanic and intrusive felsic sequences to the NW and contains high grade nickel sulfide intersections. A total of 25 holes were drilled on the zone with the following selected intersections:

IMCEX-23 : 7 m @ 0.43%, 13 m @ 0.37% and 9.6 m @ 1.74% Ni                  

IMCEX-24 : 7 m @ 0.32% and 27 m @ 0.34% Ni                                 

IMCEX-28 : 25 m @ 0.35% and 118 m @ 0.22% Ni                               

IMCEX-37 : 63 m @ 0.25% Ni                                                 

IMCEX-50 : 45 m @ 0.25% Ni                                                 

IMCEX-51 : 10 m @ 1.24% Ni                                                 

IMCEX-52 : 25 m @ 1.45% Ni                                                 

L1-10-01 : 112 m @ 0.24% Ni                                                

L1-10-02 : 41 m @ 0.27% and 44 m @ 0.25% Ni                                

L1-10-04 : 41 m @ 0.23% and 31 m @ 0.26% Ni                                

Results from L1-10-12 are pending. Chromium values were revealed in L1-10-01, 12 m @ 0.29% and in L1-10-04, 16 m @ 0.24% Cr with maximum concentration of 0.39 and 0.35% Cr, likely related to chromite. Its potential will be further investigated in metallurgical studies.

- L1Ramp is a mineralized zone located stratigraphically below the intermediate and felsic sequences immediately underlying the Langmuir1 deposit zone, mostly hosted in intrusive mafic and ultramafic rocks and contains low-grade nickel intersections. A total of 13 holes were drilled on the zone with the following selected intersections:



Hole Id             Intersections m          Ni grade           

L1Ex 07             92                       0,21               

L1Ex 08             151                      0,24               

L1Ex 08             63                       0,26               

L1-10-8             202                      0,24               

L1-10-9             173                      0,24               

L1-10-10            129                      0,24               

L1Ex 13             53                       0,22               

L1Ex 19             61                       0,19               

L1Ex 20             52                       0,21               

L1Ex 20             41                       0,22               

L1Ex 20             80                       0,25               

L1Ex 21             71                       0,24               

L1Ex 21             85                       0,24               

L1Ex 22             126                      0,27               

L1Ex 35             53                       0,22               

L1Ex 36             74                       0,22               

Results from holes L1-10-11 and L1-10-16 are pending. In the Ramp zone, the continuity of Ni mineralization will be looked at and further tested for low-grade and high tonnage nickel deposit.

- L1-32-31 is a mineralized zone located stratigraphically above the Langmuir1 deposit zone and hosted in ultramafic and mafic komatiitic flows. It is in contact with overlying intermediate volcanic and felsic intrusive sequences dipping to the SE and contains low-grade Ni intersections. A total of 3 new holes were drilled on the zone with the following selected intersections:


L1-10-05 : 55 m @ 0.25% and 44 m @ 0.24% Ni                                

L1-10-06 : 207 m @ 0.23% Ni                                                

L1-10-07 : 139 m @ 0.22% Ni                                                

Chromium values have been revealed in L10-07 showing 65 m @ 0.25% Cr with values up to 0.40%. The matter will be further investigated in metallurgical study as well as the potential of the zone.

"We have long believed that Langmuir was a world class, high tonnage-lower grade Ni deposit much like that of Mt. Keith or the Talvivaara deposit in Finland. It is very encouraging to start to see the data coming in to support our theory of the project. We look forward to aggressively advancing our program and to producing an updated 43-101 report within the next 90 days, which we are confident, will clearly demonstrate the significance of the deposit" said Ian Stewart, President, Inspiration Mining.

The Qualified person in charge of the Langmuir Property and the person who prepared the technical data in this release is Andre Ciesielski, P.Geo.

Forward Looking Statements 

This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "anticipated", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Inspiration is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements contained in this release. Inspiration cannot assure investors that actual results will be consistent with these forward looking statements and Inspiration assumes no obligation to update or revise the forward looking statements contained in this release to reflect actual events or new circumstances.

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