Inspiration Mining Corporation

Inspiration Mining Corporation

August 23, 2010 11:30 ET

Inspiration Appoints Victor Cantore to the Board of Directors

TORONTO, ONTARIO--(Marketwire - Aug. 23, 2010) - Inspiration Mining Corporation (the "Corporation") (TSX:ISM) (FRANKFURT:OI8) is pleased to announce that Mr. Victor Cantore has been appointed to the board of director of the Corporation.

Mr. Cantore began his investment career in 1992 as an advisor for Tasse & Associates. In 1993 he moved to RBC Dominion Securities, one of the largest brokerage firms in Canada. Since 1999, Mr. Cantore has worked with both public and private companies organizing and structuring financings mainly in the resource and high tech sector. Mr. Cantore has held directorships on the board of various companies both private and public.

Mr. Cantore was appointed to the board of directors after the resignation of Mr. Albert Louis van der Horst. Mr. van der Horst resigned to pursue personal projects. The Corporation would like to thank Mr. van der Horst for his contribution to the Corporation and wishes him luck in his future endeavours.

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.

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