Inspiration Mining Corporation

Inspiration Mining Corporation

March 29, 2007 09:08 ET

Inspiration Announces Private Placement

TORONTO, ONTARIO--(CCNMatthews - March 29, 2007) - Inspiration Mining Corporation (the "Corporation") (TSX VENTURE:ISM) is pleased to announce that, subject to regulatory approval, it has agreed to a non-brokered private placement of up to 1,000,000 Units at a price of $2.75 per Unit for gross proceeds of $2,750,000. Each Unit is comprised of one (1) common share and one (1) common share purchase warrant (the "Warrant"). Each Warrant entitles the holder thereof to purchase one (1) common share for a period of one (1) year from the date of issuance. The Warrants are exercisable at a price of $3.50 per common share. There may be a finder's fee payable. The proceeds will be used for further exploration and development of the Corporation's properties and for general working capital.

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

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