Inspiration Mining Corporation
TSX : ISM
FRANKFURT : OI8

Inspiration Mining Corporation

October 20, 2006 11:00 ET

Inspiration Continues to Cut Nickel Mineralization

TORONTO, ONTARIO--(CCNMatthews - Oct. 20, 2006) - Inspiration Mining Corporation (the "Corporation")(TSX VENTURE:ISM)(FRANKFURT:OI8) is pleased to announce the results of the continuation of their diamond drilling program on its Langmuir Project, located in Langmuir Township south of Timmins, Ontario. The Langmuir Property consists of 69 unpatented contiguous mining claim units covering approximately 1090 hectares in the north-central portion of Langmuir Township, Porcupine Mining Division, and District of Cochrane, Ontario. The property is approximately 25 km southeast of Timmins, Ontario, and hosts the past producing Langmuir No.1 Mine, and majority of the past producing Langmuir No. 2 Mine.

Inspiration continues drilling the Langmuir Project - Langmuir No.2 Mine North Zone, which is located approximately 80m to 536m northeast of the mine shaft. The detail fill-in drill program is designed to complete the definition of the nickel bearing mineralization from sub-surface to a vertical depth of approximately 100 metres.

LN06-42 and LN06-43 were drilled from the same setup on Section 3650 North and above previously released drill hole LN05-1 and approximately 72m southwest of previously released drill holes LN06-37 and LN06-38.

The following table indicates the drill information for these drill holes:



------------------------------------------------------------------------
Drill Hole Grid Grid Dip Surveyed Section Section Length
Northing Easting Azimuth Northing Easting (m)
(ast)
------------------------------------------------------------------------
LN06-42 3098.62 1932.69 -50.60 301.48 3649.83 124.45 131.00
------------------------------------------------------------------------
LN06-43 3098.39 1933.07 -60.66 302.65 3649.82 124.89 152.00
------------------------------------------------------------------------


Inspiration has received, compiled and condensed the assay results for LN06-42 and LN06-43 to the following:



-----------------------------------------------------------------------
Drill From To Core True Core True Weighted
Hole (m) (m) Length Width Length Width Average
(m) (m) (ft) (ft) Ni (%)
-----------------------------------------------------------------------

-----------------------------------------------------------------------
LN06-42 72.00 77.70 5.70 4.67 18.70 15.32 0.429
-----------------------------------------------------------------------
85.70 100.00 14.30 11.71 46.92 38.42 0.264
-----------------------------------------------------------------------
120.60 124.60 4.00 3.28 13.12 10.76 0.576
-----------------------------------------------------------------------

-----------------------------------------------------------------------
LN06-43 88.00 109.30 21.30 15.32 69.88 50.26 0.273
-----------------------------------------------------------------------


Both drill holes intersected several mafic and felsic intrusive dykes and fault zones which may account for the lower nickel mineralization and smaller widths.

The nickel bearing sulphide mineralization, with estimations ranging from 1% to 20% fine grained disseminations and sulphide blebs up to several centimetres in size, is contained within serpentenized to talcose serpentenized komatiitic ultramaftic extrusive flows with occasional spinifex texture.

The assaying technique used is the industry standard for base metal assaying, which uses nitric and hydrochloric acids that extracts nickel only from sulphide mineralization and not from nickel silicate minerals.

The assaying of sawn core samples was conducted by Swastika Laboratories, and included the insertion of blanks and standards. The Qualified Person in charge of the Langmuir Project and the person who prepared the technical data in this release is Kian Jensen, B.Sc., P.Geo. (Ont).

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

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