Jul. 11, 2011 (Marketwire) --

TORONTO, ONTARIO -- (Marketwire) -- 07/11/11 -- 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.

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

Contacts:
Inspiration Mining Corporation
Randy Miller
President of the Corporation
905.853.7400
www.inspirationmining.com

For Investor Relations call:
Gale Capital Corporation
604.221.7604
604.221.7606 (FAX)
galecapital@shaw.ca

Source: Marketwire (July 11, 2011 - 9:00 AM EDT)

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Inspiration Provides Revision to Its Press Release Dated February 3rd, 2011

Mar. 16, 2011 (Marketwire) --

TORONTO, ONTARIO -- (Marketwire) -- 03/16/11 -- 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

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                      284          298           13               0.37

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                      312          322          9.6               1.74

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IMCEX-24            146.3          153          6.7               0.32

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                    308.2          335         26.8               0.34

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IMCEX-28              200          225           25               0.35

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                      316        343.4        118.4               0.22

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IMCEX-35              118          171           53               0.22

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IMCEX-36              138          212           74               0.22

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IMCEX-37                6           61           55               0.25

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                       95           99            4               0.23

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                      129          133            4               0.22

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IMCEX-50              321        366.1           45               0.25

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IMCEX-51            330.7        341.6           10               1.24

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IMCEX-52              346        371.4         25.4               1.45

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+ 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 %

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L1-10-01(i)             5         48.4         43.4               0.22

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                      314          419          105               0.24

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                      427        434.3          7.3               0.23

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L1-10-02(i)            92          144           52               0.23

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                      255          296           41               0.27

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                      388          463           75               0.25

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L1-10-04              399          440           41               0.23

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                    444.6          476           31               0.26

----------------------------------------------------------------------

(i) 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

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                    209.3        279.1           63               0.26

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L1EX-13                10           65           53               0.22

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L1EX-19               196          257                            0.19

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L1EX-20             118.6        170.8           52               0.21

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                    195.3        236.5           41               0.22

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                    243.5        323.3           80               0.25

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L1EX-21             118.7          190           71               0.24

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                      215          300           85               0.24

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L1EX-22               212          338          126               0.27

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L1EX-35               118          171           53               0.22

----------------------------------------------------------------------

L1EX-36               138          212           74               0.22

----------------------------------------------------------------------

+ all intersection length should be considered as apparent width            

                                                                            

                                                                            

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Hole ID              From           To       Length     Ni Weight Av %

----------------------------------------------------------------------

L1-10-08              121          324          202               0.24

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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(i)            78          133           55               0.25

----------------------------------------------------------------------

                      268          312           44               0.24

----------------------------------------------------------------------

                                                                      

----------------------------------------------------------------------

L1-10-06(i)            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

----------------------------------------------------------------------

                                                                      

----------------------------------------------------------------------

(i) 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.

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

Contacts:
Inspiration Mining Corporation
Ian Stewart
President of the Company
416-842-9000
www.inspirationmining.com

For Investor Relations call:
Gale Capital Corporation
604-221-7604
604-221-7606 (FAX)
galecapital@shaw.ca

Source: Marketwire (March 16, 2011 - 11:23 AM EDT)

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February 2, 2011 - 1:17 PM EST

Inspiration Mining Provides Update on Ursa Major Matter

TORONTO, ONTARIO, Feb. 2, 2011 (Marketwire) --

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."

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.

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

Inspiration Mining Corporation
President
416.842.9000

www.inspirationmining.com

For Investor Relations call:

604.221.7604
604.221.7606 (FAX)
galecapital@shaw.ca

Source: Marketwire Canada (February 2, 2011 - 1:17 PM EST)

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Brazilian mining company Vale Inco has announced that it will hire some contract workers in order to fill positions at the striking nickel and copper mines in Canada.

Sudbury, Canada - On Sunday, the Brazilian giant mining company, Vale Inco, announced that it will bring in contract workers across the picket lines that could break a strike at its Canadian nickel and copper mines in Ontario, according to the Financial Times.

Vale Inco has already continued many operations that are staffed by 1,200 employees who are not on strike and would use existing and contract employees to return to work by the end of the second quarter, however, a date has not yet been confirmed as to when the first contract workers would be brought in.

This move has angered many union representatives and leaders of the United Steelworkers representing roughly 3,200 members on strike in Sudbury and Niagara Falls.

“Sudbury is a powder keg. We are really worried about what this means and so are the police. People will be uncontrollable. They won’t allow contractors to go in past the picket lines. Vale can go and get stuffed. We are sick and tired of foreign capitalists coming in and undermining the Canadian way of life,” said regional director of the USW Wayne Fraser, reports Reuters.

This dispute dates back to 2006 when Vale bought Inco for $17.6 billion but strikes have been ongoing for the last eight months. Negotiations occurred earlier this month at the Metro Convention Center in Toronto where there was also a large rally in support of the USW. However, less than 90 per cent of workers voted against a contract offer.

“We’re looking at increasing our mine production and we’re going to be doing that with a combination of our existing staff employees as well as external mine contractors,” said Vale spokesperson Cory McPhee in a telephone interview with Bloomberg News.