Inspiration Mining Corporation
TSX : ISM
FRANKFURT : OI8

Inspiration Mining Corporation

March 02, 2009 12:04 ET

Inspiration Intersects 0.445% Ni Over 119.69m or 392.68ft Containing 1.462% Ni Over 5.14m or 16.86ft and 1.389% Ni Over 3.21m or 10.53ft (True Width)

TORONTO, ONTARIO--(Marketwire - March 2, 2009) - Inspiration Mining Corporation (the "Corporation")(TSX: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 is continuing the drilling at the Langmuir Project - Langmuir No.2 Mine - North Zone. The detail fill-in drill program is designed to complete the definition of the nickel bearing mineralization. Several drill holes were terminated in nickel bearing mineralization and these drill holes have been extended.

The following table indicates the drill information for the North Zone drill holes:



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Drill Hole Grid Grid Dip Azimuth Section Section Length
Northing Easting (Geodetic) Northing Easting (m)
(metres) (metres) (metres) (metres)
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LN08-141 3135.94 2018.52 -65.62 298.15 3725.06 180.12 326.40
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LN08-142 3135.82 2018.63 -69.42 304.53 3725.02 180.28 385.71
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LN08-143 3135.71 2018.77 -74.20 313.53 3724.99 180.45 448.94
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LN08-144 3025.17 2007.08 -65.80 300.10 3623.42 225.60 407.87
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LN08-145 3025.02 2007.35 -72.74 300.32 3623.42 225.91 461.38
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LN08-146 2996.07 2011.86 -50.89 300.18 3600.60 244.28 291.49
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LN08-147 2995.87 2012.19 -59.19 299.48 3600.60 244.67 332.09
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LN08-148 drill hole planned but not drilled
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Drill hole LN08-141 to LN08-143 were completed from the same drill setup. It appears that holes LN08-141 and LN08-142 intersected the higher-grade nickel mineralization of the North Shoot approximately 50 metres down dip from previously released drill hole LN06-57. Drill hole LN08-143 deviated northwards and intersected the lower grade nickel halo mineralization below previously released LN07-101.

Drill holes LN08-144 and LN08-145 were drilled approximately 41 metres and 87 metres, respectively, below previously released drill hole LN08-114. It appears that LN08-144 intersected a portion, 0.953 % Ni over 4.38 metres or 14.37 feet (true widths) of the high grade nickel mineralization of the North Shoot.

Drill holes LN08-146 and LN08-147 were completed approximately 23 meters south and 19 metres east of LN08-144 and LN08-145. These drill holes were below previously released drill hole LN08-110 and up dip from previously released drill hole LN08-115. LN08-146 intersected a portion of the nickel halo mineralization while LN08-147 contained only anomalous nickel values.

Drill Hole LN08-148 was planned at the same setup but was not drilled.

The following revised assay results for drill holes LN08-141 to LN08-148, inclusively at the Langmuir No.2 Mine - North Zone have been received, compiled and condensed to the following:



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Drill Hole From (m) To (m) Core True Core True Weighted
Length Width Length Width Average
(m) (m) (ft) (ft) Ni (%)
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LN08-141 136.00 322.20 186.20 119.69 610.89 392.68 0.445
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or 242.00 322.20 80.20 51.55 263.12 169.13 0.649
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and contains
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242.00 276.00 34.00 21.85 111.55 71.69 0.886
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with 242.00 250.00 8.00 5.14 26.25 16.86 1.462
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250.00 254.00 4.00 2.57 13.12 8.43 0.945
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258.00 263.00 5.00 3.21 16.40 10.53 1.389
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263.00 268.00 5.00 3.21 16.40 10.53 0.602
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and
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285.00 292.55 7.55 4.85 24.77 15.91 0.535
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and
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295.18 306.17 10.99 7.06 36.06 23.16 0.698
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and
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311.21 319.08 7.87 5.06 25.82 16.60 0.818
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LN08-142 144.00 299.49 155.49 93.58 510.14 307.02 0.321
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and contains
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239.20 246.00 6.80 4.09 22.31 13.42 0.473
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260.00 282.40 22.40 13.48 73.49 44.23 0.613
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with 267.80 272.49 4.69 2.82 15.39 9.25 1.609
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or 269.50 272.49 2.99 1.80 9.81 5.91 2.051
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270.20 271.68 1.48 0.89 4.86 2.92 2.442
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and
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312.00 334.00 22.00 13.24 72.18 43.44 0.477
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with 323.00 330.00 7.00 4.21 22.97 13.81 0.861
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LN08-143 195.00 345.00 150.00 77.26 492.13 253.48 0.291
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and contains
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196.00 211.00 15.00 7.73 49.21 25.36 0.308
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279.00 292.00 13.00 7.21 42.65 23.65 0.373
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299.00 312.00 13.00 6.70 42.65 21.98 0.408
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331.00 342.00 11.00 5.67 36.09 18.60 0.410
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LN08-144 280.00 321.67 41.67 26.78 136.71 87.86 0.359
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and contains
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304.32 311.13 6.81 4.38 22.34 14.37 0.953
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or 305.15 310.00 4.85 3.12 15.91 10.24 1.009
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LN08-145 300.30 379.00 78.70 45.14 258.20 148.10 0.318
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and contains
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308.00 323.00 15.00 8.60 49.21 28.22 0.419
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352.00 358.00 6.00 3.44 19.69 11.29 0.515
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with 352.00 353.00 1.00 0.57 3.28 1.87 1.160
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370.00 379.00 9.00 5.16 29.53 16.93 0.457
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and
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386.70 391.65 4.95 2.84 16.24 9.32 0.334
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LN08-146 189.00 194.00 5.00 4.15 16.40 13.62 0.312
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and
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211.00 222.27 11.27 9.34 36.98 30.64 0.236
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LN08-147 anomalous values
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LN08-148 drill hole planned but not drilled
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The nickel bearing sulphide mineralization, with estimations ranging from 1% to 20% fine-grained disseminatations up to massive 100% sulphides, is contained within 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 split 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. (On), who is an arm's length party retained by the Company to carry out its exploration program on the Langmuir Project.

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

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