Inspiration Mining Corporation

Inspiration Mining Corporation

May 28, 2015 11:17 ET

Inspiration Provides Update

TORONTO, ONTARIO--(Marketwired - May 28, 2015) - Inspiration Mining Corporation (the "Corporation") (TSX:ISM) would like to report on the results of its annual and special shareholders meeting which was held on March 31, 2015.

The shareholders approved the appointment of Collins Barrow Toronto LLP, the consolidation of the Corporation's common shares on the basis of one for five and elected Messieurs Miller, Brugh, Davis, Cantore and Bock as directors of the Corporation. The Corporation would like to congratulate the gentlemen on their appointment as directors and would like to thank the shareholders who submitted their proxies.

The Corporation would also like to announce that it has completed the consolidation of its common shares. The common shares commenced trading on a consolidated basis on the TSX on May 20, 2015. A letter of transmittal was mailed out to shareholders on May 14, 2015 requesting shareholders to forward their letter of transmittal together with their pre-consolidated share certificates to Equity Financial Trust Company in exchange for new share certificates representing the number of consolidated common shares to which the shareholders are entitled. As a result of the consolidation there is currently 16,408,781 common shares issued and outstanding.

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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