2015

Inspiration Enters Into Option Agreement to Acquire the Carscallen Property (19-Nov-2015)

TORONTO, ONTARIO--(Marketwired - Nov. 19, 2015) - Inspiration Mining Corporation (TSX:ISM) (the "Corporation") is pleased to announce that it has entered into an option agreement (the "Agreement") with arm's length parties to acquire an undivided one hundred percent (100%) interest in certain mineral claims, known as the Carscallen Property (the "Property").

Pursuant to the terms of the Agreement, the Corporation was required to make a payment of $40,000 on the execution of the Agreement (which such payment has been made) and issue an aggregate of 3,000,000 common shares in its capital (the issuance of which is subject to regulatory approval). The Corporation is required to make additional payments of $60,000 on September 1, 2016 and $100,000 on September 1, 2017. The Corporation shall have the right to set-off its exploration expenditures on the Property against these options payments. In the event that the Corporation is able to establish a commercial mine of with at least a 250,000 ton ore body having a minimum grade of 2 grams of gold per ton, the Corporation will required to issuance an additional 3,000,000 common shares in its capital. Upon the payment of the option payments of September 1, 2016 and 2017, the Corporation will have an undivided 100% interest in the Property subject to a 3% net smelter royalty ("NSR") in favour of the optionors. The Corporation shall have the right to purchase 2% of the 3% NSR royalty for an aggregate cash payment of $3 million.

FOR THE PURPOSE OF PROVIDING INFORMATION RELATING TO THE CARSCALLEN PROPERTY, THE CORPORATION IS RELYING ON HISTORICAL INFORMATION. ALL INFORMATION PERTAINING TO THE CARSCALLEN PROPERTY WAS DERIVED FROM HISTORICAL GEOLOGICAL REPORTS AND HAVE NOT BEEN VERIFIED.

About the Carscallen Property

The Property is located 25 kilometres west of the center of the City of Timmins and 7 kilometres north of the Lake Shore Gold, Timmins Mine which produced an aggregate of 185,600 ounces in 2014.

Previous workers stripped a large area on the Property revealing quartz-carbonate-sericite alteration that is exposed for 25 metres across strike and at least 20 metres along strike and is overlain by overburden to the north and east. The alteration package contains quartz-carbonate vein stockwork with veins from 3 to 7 centimetres thick and dipping from 10 to 30 to the southeast. There are many similarities with the quartz-carbonate-sericite alteration on the Property and mines in the Porcupine Mining Camp which has produced approximately 70 million ounces of gold to present.
Some veins are a light smoky colour and others contain associated black tourmaline all of which display pyrite haloes of up to 5%.
There is a small timbered shaft 220 metres northwest of the stripped area. The depth of the shaft is presently unknown. A regional north/south fault is exposed in outcrop 220 metres northwest of the above mentioned shaft. The fault exhibits abundant quartz-carbonate veining in a carbonate-sericite alteration package similar to the stripped area. A large pit was excavated 56 metres southwest of the fault exposure adjacent to a quartz-carbonate vein that appears to be greater than 1 metre in thickness and dips to the west.
Grab samples were taken in 2013 and 2015 and returned values from trace to 3.21 gpt gold. The shaft 1 area returned values of 0.007 gpt gold and 0.009 gpt gold, the shaft 2 area returned 0.261 gpt gold. The stripped area had 18 samples taken with values from 0.0025 gpt gold to 3.21 gpt gold. Eight of the samples were over 0.5 gpt gold. Historic assays of grab samples have been reported as high as 4.51 ounces per ton (155 gpt) in a MNDM publication, Mineral Deposits Circular 13 but values have not been substantiated as yet.
The qualified person in charge of the Carscallen Property and the person who prepared the technical data in this release is William McRae, PGeo., MSc.

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

CONTACT INFORMATION
Inspiration Mining Corporation
Randy Miller
Chief Executive Officer
416-842-9000
www.inspirationmining.com

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

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Inspiration Completes Private Placement (08-Oct-2015)

TORONTO, ONTARIO--(Marketwired - Oct. 8, 2015) - Inspiration Mining Corporation (the "Corporation") (TSX:ISM) is pleased to announce that it has completed its non-brokered private placement.

The Corporation issued an aggregate of 8 million common shares of the Corporation at a price of $0.05 per Common Share for gross proceeds of $400,000. In connection with the private placement, the Corporation is required to pay a cash fee of $32,000 or 8% of the aggregate consideration raised pursuant to the private placement to an arm's length third party. The securities issued pursuant to the private placement are subject to resale restrictions expiring December 1, 2015. The Corporation intends to use the proceeds for general working capital. The Corporation also announces that Mr. Jim Davis has resigned as director of the Corporation. The Corporation would like to thank Mr. Davis for his service and contribution to the Corporation and wishes him success in his future endeavors.

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

CONTACT INFORMATION
Inspiration Mining Corporation
Randy Miller
Chief Executive Officer
416-842-9000
www.inspirationmining.com

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

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Inspiration Files Amended Annual Information Form (31-Aug-2015)

TORONTO, ONTARIO--(Marketwired - Aug. 31, 2015) - Inspiration Mining Corporation (the "Corporation") (TSX:ISM) states that further to its press release of June 15, 2015, it has filed a revised annual information ("AIF") form for the fiscal year ended September 30, 2014. The AIF corrects and clarifies certain disclosure pertaining to the Isabel-Cote-Enganadora properties.

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

CONTACT INFORMATION
Inspiration Mining Corporation
Randy Miller
Chief Executive Officer of the Corporation
416-842-9000
www.inspirationmining.com

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

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Inspiration to Delist from Toronto Stock Exchange (07-Aug-2015)

TORONTO, ONTARIO--(Marketwired - Aug. 7, 2015) - Inspiration Mining Corporation (the "Corporation") (TSX:ISM) announces that it has requested that its common shares be voluntarily delisted from the Toronto Stock Exchange ("TSX"). The common shares are expected to be delisted on or about September 22, 2015. The Corporation has been under delisting review since April 10, 2015 and it is not able to meet TSX's continued listing requirements. The Corporation will be filing a listing application with the TSX Venture Exchange for the listing of its common shares through the facilities of the TSX Venture Exchange.

"Given the current price of nickel and the state of the mining industry in general, the Corporation is of the opinion that its listing on the Toronto Stock Exchange has not provided the anticipated benefits of such listing," commented Randy Miller, the President of the Corporation. "The voluntary delisting from TSX will permit the Corporation to converse additional resources and focus its resources and efforts on the continued development of its Langmuir Property."

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

CONTACT INFORMATION
Inspiration Mining Corporation
Randy Miller
Chief Executive Officer of the Corporation
416-842-9000
www.inspirationmining.com

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

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Inspiration Announces Lease of Property and Private Placement (23-June-2015)

TORONTO, ONTARIO--(Marketwired - July 23, 2015) -Inspiration Mining Corporation (the "Corporation") (TSX:ISM) would like to announce that, further to its various press releases, the Corporation has successfully completed the process of bringing its Langmuir Property to lease. The Corporation acquired its Registered Plan and Survey, PLAN 6R-8835 (the "Plan"), under the Land Titles Act from the land registrar office for division of Cochrane. Pursuant to the Plan, the Corporation has acquired a 21 year lease over the various claims located on the Langmuir Property.

The issuance of the Plan, which was a lengthy process, represents a crucial and significant step in the Corporation's proposed plan of obtaining a permit for a bulk sample and the continued development of the Langmuir Property.

The Corporation would also like to announce that it will be undertaking a non-brokered private placement of up to 8,000,000 common shares at an issuance price of $0.05 per share for aggregate proceeds of $400,000. The proceeds from the placement will be used by the Corporation to de-water and the re-open the existing mine and for general working capital. A finder's fee may be paid by the Company in connection with the private placement. "Even with the current price of nickel at $5.20/lb US, the Corporation is of the opinion that the grades available from underground mining as opposed to open pit mining will allow the Corporation to extract the higher grade ore," commented Randy Miller, the President of the Corporation. "We are pleased and excited that the leasing process has been completed as it will now allow the Corporation to focus on proceeding with the bulk sample."

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

CONTACT INFORMATION
Inspiration Mining Corporation
Randy Miller
Chief Executive Officer
416-842-9000
www.inspirationmining.com

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

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Inspiration Provides Update (12-June-2015)

TORONTO, ONTARIO--(Marketwired - June 12, 2015) -Inspiration Mining Corporation (TSX:ISM) (the "Corporation") would like to provide an update with respect to its various property holdings.

Langmuir Property

In 2010, Micon International Limited ("Micon") completed a National Instrument 43-101 compliant resource estimate report for the Langmuir North Deposit and the Langmuir No 1 Deposit. This report contained certain errors. As such, the Corporation has prepared and filed a National Instrument 43-101 compliant resource estimate report for the Langmuir North Deposit and the Langmuir No 1 Deposit (the "Revised Micon Report"). A copy of the Revised Micon Report can be viewed under the Corporation's profile on the SEDAR website (www.sedar.com). The Revised Micon Report corrects certain errors contained in the original report. The Revised Micon Report has retracted certain disclosure regarding the exploration target and removed disclosure contained in a footnote that could be interpreted to mean that an additional undisclosed inferred resource exists or that the exploration target disclosed in the report is being treated as an inferred resource. In addition, the Corporation would like to retract the disclosure of exploration targets on the Langmuir North Deposit and the Langmuir No 1 Deposit as set out in the Corporation's press release dated April 3, 2013.

Llamara Project

The Corporation has erroneously disclosed certain resource estimates and economic projections pertaining to the Llamara project that is not in compliance with National Instrument 43-101. Therefore, the Corporation would like to retract all such information as such information should not be relied on. Individuals should only rely on the information contained in the National Instrument 43-101 report for the Llamara project dated February 18, 2013 with an effective date of January 31, 2013 for information pertaining to the Llamara project . A copy of report can be viewed under the Corporation's profile on the SEDAR website (www.sedar.com). The Corporation's management discussion for the fiscal year ended September 30, 2014 and for the three (3) months ending December 31, 2014 and the annual information form for the fiscal year ended September 30, 2014 contained disclosure regarding to resource estimates and economic projections for the Llamara project. As these disclosures should not be relied upon, the Corporation will amend such management discussion and analysis and annual information form and will refile same. In addition, the annual information form for the fiscal year ended September 30, 2014, contained certain disclosure pertaining to the Isabel-Cote-Enganadora properties. Such disclosure was done in error as the Corporation does not have any ownership interest in such properties and any such information regarding these properties should not be relied on. The amended annual information form will delete all such information.

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

CONTACT INFORMATION
Inspiration Mining Corporation
Randy Miller
Chief Executive Officer
416-842-9000
www.inspirationmining.com

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

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Inspiration Provides Update (28-May-2015)

TORONTO, ONTARIO--(Marketwired - May 28, 2015) - Inspiration Mining Corporation (the "Corporation") (TSX:ISM) would like to report on the results of its annual and special shareholders meeting which was held on March 31, 2015. The shareholders approved the appointment of Collins Barrow Toronto LLP, the consolidation of the Corporation's common shares on the basis of one for five and elected Messieurs Miller, Brugh, Davis, Cantore and Bock as directors of the Corporation. The Corporation would like to congratulate the gentlemen on their appointment as directors and would like to thank the shareholders who submitted their proxies. The Corporation would also like to announce that it has completed the consolidation of its common shares. The common shares commenced trading on a consolidated basis on the TSX on May 20, 2015. A letter of transmittal was mailed out to shareholders on May 14, 2015 requesting shareholders to forward their letter of transmittal together with their pre-consolidated share certificates to Equity Financial Trust Company in exchange for new share certificates representing the number of consolidated common shares to which the shareholders are entitled. As a result of the consolidation there is currently 16,408,781 common shares issued and outstanding.

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

CONTACT INFORMATION
Inspiration Mining Corporation
Randy Miller
Chief Executive Officer
416-842-9000
www.inspirationmining.com

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

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