Inspiration Mining Corporation
TSX : ISM
FRANKFURT : OI8

Inspiration Mining Corporation

June 22, 2010 12:59 ET

Inspiration Mining Corporation: Cleaver Property Update

TORONTO, ONTARIO--(Marketwire - June 22, 2010) - Inspiration Mining Corporation ("Inspiration" or the "Corporation") (TSX:ISM)(FRANKFURT:OI8) would like to announce the results of the completed drilling program on the Cleaver property. The Cleaver property comprises 30 mining claims covering 30.3 square km in the Fallon and Cleaver Townships, 43 km SE of Timmins, Ontario.

A total of 34 holes were drilled on the west, center and east side of the property mainly on WNW-trending EM conductors hosted in intermediate volcanic rocks. More than 3000 samples are currently being analyzed for gold, silver and base metals.

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

The following table shows historical ASARCO 1986 reverse circulation holes in the overburden revealing high gold concentrations near the bedrock contact in the south central part of the property. The last four assays are located within 600 m in length in a bedrock depression.

Hole ID Depth m Gold g/t
HK3 32 408
HK29 28 126
HK22 54 99
HK25 55 27
HK26 26 19
HK34 38 11

In order to better understand the gold deposition during the last onset of Laurentian iceshelf melting, a report on ice movement and till deposition in the Cleaver area was produced for the Corporation by J. Veillette, a renowned Quaternary expert formerly with the Geological Survey of Canada.

Compilation of data is under way and assays from holes are pending. A detail IP survey is being prepared to locate possible gold-bearing chargeability anomalies that will be targetted in the next drilling program.

Core samples were processed by certified Swastika Laboratories using 0.5 g of pulverized rock dissolved in aqua regia and analyzed by Atomic Absorption with Au detection of 0.01 g/t. Blanks and standards are systematically inserted every 20 samples.

The Qualified Person in charge of the Cleaver 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.

Contact Information