Inspiration Mining Corporation

Inspiration Mining Corporation

May 15, 2008 09:52 ET

Inspiration Mining Corporation: Corporate Update

TORONTO, ONTARIO--(Marketwire - May 15, 2008) - Inspiration (TSX:ISM)(FRANKFURT:OI8) would like to clarify the information contained in a news article dated May 15, 2008 entitled "Defamation Suit Chills Would-be Partners" as reported by the Globe and Mail.

Contrary to the information contained in the article, Inspiration is not involved in any discussions or negotiations pertaining to a joint venture with any third party.

With respect to the lawsuit, Inspiration has commenced legal proceedings against several individuals with respect to comments made by such individuals on an electronic bulletin board. Inspiration decided to commence legal proceedings in order to protect shareholder value and prevent the dissemination of information that was made solely to harm the reputation of the Company and its Langmuir property and it's CEO.

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

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