Inspiration Mining Corporation

Inspiration Mining Corporation

May 07, 2008 09:12 ET

Inspiration Mining Corporation to Extend Warrant Expiry Date

TORONTO, ONTARIO--(Marketwire - May 7, 2008) - Further to its press release dated April 24, 2008, Inspiration Mining Corporation (the "Corporation") (TSX:ISM)(FRANKFURT:OI8) would like to amend the number of warrants whereby the expiry date has been extended to May 8, 2009. In its press release dated April 24, 2008, the number of warrants was reported as 2,149,000 warrants. The correct number of warrants should have read 2,305,625 warrants (the "Warrants").

Each Warrant entitles the holder thereof to purchase one common share of the Corporation at any time until the close of business on May 8, 2008 at an exercise price of $3.50 per common share. The Warrants will be amended, effective May 8, 2008, to extend the term of such warrants until May 8, 2009. All other provisions of the Warrants will remain the same. There are no insiders of the Corporation who hold Warrants.

The Corporation is a public junior mining company exploring for nickel deposits on its Langmuir property near Timmins, Ontario, as well as gold-copper on the Barton Syndicate Dry Fork property in Utah.

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

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