Inspiration Mining

Welcome To The Inspiration Mining HUB On AGORACOM The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario; for nickel-gold-copper on its Cleaver and Douglas properties; and for molybdenum and rare earth elements at recently acquired Desrosiers property.

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So again, was ISM in court yesterday?

Inspiration Mining

over 13 years ago

Or did that earlier March 1st date go out the window with that last ISM update when ISM re-affirm their committment to proceed with a requisition of a shareholder meeting?

Inspiration Reaffirms Commitment to Proceed With Requisition of A Meeting of Shareholders

Feb. 25, 2011 (Marketwire) --

TORONTO, ONTARIO -- (Marketwire) -- 02/25/11 -- Inspiration Mining Corporation ("Inspiration" or the "Corporation") (TSX:ISM)(FRANKFURT:OI8) proposes to deliver a further requisition in accordance with the order of the Ontario Superior Court of Justice. On February 22, 2011, the Ontario Superior Court dismissed a motion brought by the Corporation on the basis that the requisition previously submitted was invalid. The Ontario Superior Court further held that this motion was without prejudice to the Corporation's right to deliver a valid requisition. The Corporation is in the process of finalizing this requisition in compliance with the Court's order and will deliver the requisition forthwith. Inspiration also delivered a notice of application in the Ontario Superior Court of Justice (Commercial List) which Inspiration has asked for a court order that only the shareholders of record of Ursa as of February 1st, 2011 excluding any shares issued to the private placees be at liberty to vote on the private placement at the shareholders' meeting to be held pursuant to the requisition being delivered by Inspiration. This request is in the alternative to the request made to the Superior Court that the private placement be reversed.

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Inspiration Mining Provides Update on Ursa Major Matter

Inspiration Mining Corporation ISM

2/2/2011 1:19:00 PM

TORONTO, ONTARIO

, Feb 02, 2011 (MARKETWIRE via COMTEX News Network) --

Inspiration Mining Corporation ("Inspiration" or the "Corporation") (TSX: ISM)(FRANKFURT: OI8) would like to provide an update with respect to its efforts to prevent the unnecessary dilution of the shareholdings of the Ursa Major Minerals Incorporated ("Ursa") shareholders.

As reported in Ursa's press release dated January 31, 2011, the TSX allowed Ursa to proceed with its private placement without first obtaining approval of the Ursa shareholders. In response, the Corporation filed a Notice of Application with the Ontario Superior Court of Justice requesting that the Court issue the following orders:

(i) an order prohibiting Ursa from proceeding with the private placement until such time that Ursa obtains disinterested shareholder approval for the private placement;

(ii) an order prohibiting the placees under the private placement from voting at the upcoming shareholders' meeting; and

(iii) an order that the private placement be reversed and canceled.

A hearing date of March 1, 2011 has been set to hear arguments on the Corporation's application.

Randy Miller, the Chief Executive Officer of Inspiration, stated: "We are disappointed that the private placement was allowed to proceed without Ursa first obtaining shareholder approval. We are asking the Court to recognize and uphold the existing shareholders rights to voice their displeasure or agreement with the current management of Ursa at the upcoming shareholders' meeting without the inclusion of new shareholders brought in by management of Ursa. This is an issue of governance and protecting shareholder rights. We encourage all Ursa shareholders to express their opinion on the private placement by contacting Inspiration at randy@inspirationmining.com so that their voice can be heard by the Court on March 1, 2011."