Inspiration Mining Corporation

Inspiration Mining Corporation

October 04, 2010 11:35 ET

Ian Stewart Appointed as President and Chief Operating Officer of Inspiration Mining Corporation

TORONTO, ONTARIO--(Marketwire - Oct. 4, 2010) - Inspiration Mining Corporation ("Inspiration" or the "Corporation") (TSX:ISM) (FRANKFURT:OI8) is pleased to announce the appointment of Ian Stewart as the President and Chief Operating Officer of the Corporation. Randy Miller, will continue with the company as the Chairman of the Board, and Chief Executive Officer of the Corporation.

Ian Stewart brings to the Corporation a strong track record of building companies and enhancing shareholder value. Prior to joining Inspiration, Ian Stewart Co -Founded Stratacon Inc. in 1997 building it into the largest Sub metering company in Canada prior to overseeing the sale of Stratacon in 2008 to The Consumers Water Heater Income Fund.

"I'm very excited about this new opportunity. Inspiration has some great assets and I couldn't be more pleased to be working together with Randy and the Inspiration team at this stage of Inspiration's development to exploit those assets and maximize shareholder value. Over the next number of weeks I look forward to communicating directly with Inspiration shareholders on the exciting opportunities that lie ahead." said Ian Stewart, President and COO. 

"We were looking for someone who could guide the Corporation through its next growth stage and Ian Stewart is an ideal candidate in the evolution of Inspiration. With Ian taking on the day to day operating responsibilities of the Corporation, I will be free to focus on identifying strategic opportunities for the Corporation. I look forward to working with Ian and am confident he will be a great asset to Inspiration as we move forward with our strategy," added Randy Miller.

Inspiration Mining Corp. is an exploration company with its major asset being its 100% owned Langmuir property. The Langmuir property comprises of 69 mining claims covering 1121 hectares in the Langmuir Township, 25 km southeast of Timmins, Ontario. It hosts the past nickel producing mines of Langmuir No. 1 and 2.

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 information herein has not been approved or disapproved by regulatory authorities.

Contact Information

  • Inspiration Mining Corporation
    Randy Miller
    (416) 842-9000
    Inspiration Mining Corporation
    Ian Stewart
    (416) 842-9000
    Gale Capital Corporation
    Investor Relations
    (604) 221-7604
    (604) 221-7606 (FAX)