Inspiration Mining Corporation

Inspiration Mining Corporation

December 27, 2013 14:31 ET

Inspiration Appoints John Robertson to the Board of Directors and Appoints New CFO

TORONTO, ONTARIO--(Marketwired - Dec. 27, 2013) - Inspiration Mining Corporation (the "Corporation") (TSX:ISM)(FRANKFURT:OI8) is pleased to announce that Mr. John Robertson has been appointed to the board of director of the Corporation.

Mr. Robertson, who is currently retired, began his career in 1970 with J. Henry Schroder Wagg, the London merchant bank. In 1975, Mr. Robertson joined the Ultramar group of companies where he held a number of senior positions in London, Montreal, Toronto and New York and gained experience in corporate development, investor relations and supply operations. The majority of Mr. Robertson's career with Ultramar was with the principal Canadian subsidiary, Ultramar Canada, where he was Senior Vice President - Corporate Development and subsequently Senior Vice President - Supply Operations. In 1992, Mr. Robertson returned to London and joined Durlacher, a United Kingdom stockbroker, where he advised corporate finance clients. From February 1995 until his retirement in June 2005 he was a director of Nabarro Wells & Co., the London based independent corporate finance advisory firm where he brought a number of significant oil and gas and mining companies to AIM.

Mr. Robertson is currently a director of Prosperity Minerals Holdings Limited, which is a wholly owned subsidiary of Prosperity International Holdings Limited, a Hong Kong listed issuer and Martina Minerals Corporation, a TSX listed company. Mr. Robertson has also served as a director for several public companies including Elixir Petroleum Limited, an ASX listed company and Bonaparte Diamond Mines NL, which was an ASX listed company until its takeover in 2009. Mr. Robertson graduated with a BSc in engineering from the University of St Andrews and then completed his doctorate from the University of Dundee.

"We are excited that Mr. Robertson has decided to join Inspiration," said Mr. Miller, the President of the Corporation. "Mr. Robertson's extensive experience in capital markets, exploration and oil and gas companies will be invaluable to the company as it continues to advance its various properties."

Mr. Robertson was appointed to the board of directors after the resignation of Mr. Robert Maddigan. Mr. Maddigan resigned to pursue personal projects. The Corporation would like to thank Mr. Maddigan for his contribution to the Corporation and wishes him luck in his future endeavours.

The Corporation would also like to announce that Mr. Carmelo Marrelli has been appointed the new Chief Financial Officer of the Corporation.

Mr. Marrelli is the principal of Marrelli Support Services Inc., a private company delivering accounting and regulatory compliance services to numerous issuers on the TSX and TSX Venture exchanges for over twenty years. Mr. Marrelli is a Chartered Professional Accountant (CPA, CA), a Certified General Accountant and an Associate of the Institute of Chartered Secretaries and Administrators. He has a Bachelor of Commerce degree from the University of Toronto. Mr. Marrelli acts as Chief Financial Officer to a number of reporting issuers on the TSX and TSX Venture exchanges.

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

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.

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