Inspiration Mining Corporation

Inspiration Mining Corporation

April 24, 2008 14:27 ET

Inspiration Mining Corporation to Extend Warrant Expiry Date

TORONTO, ONTARIO--(Marketwire - April 24, 2008) - Inspiration Mining Corporation (TSX:ISM)(FRANKFURT:OI8) (the "Corporation") is pleased to announce that it has received approval from the Toronto Stock Exchange to extend the expiry date of 2,149,000 outstanding common share purchase warrants (the "Warrants") of the Corporation, which were issued in connection with the Corporation's May 2007 private placement financing. Each Warrant entitles the holder thereof to purchase one common share of the Corporation at any time until the close of business on May 8, 2008 at an exercise price of $3.50 per common share. The Warrants will be amended, effective May 8, 2008, to extend the term of such warrants until May 8, 2009. All other provisions of the Warrants will remain the same. There are no insiders of the Corporation who hold Warrants.

The Corporation is a public junior mining company exploring for nickel deposits on its Langmuir property near Timmins, Ontario, as well as gold-copper on the Barton Syndicate Dry Fork property in Utah.

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

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