Inspiration Mining Corporation has retained Clarus Securities Inc. to assist in a review of the Company's strategic alternatives to enhance value for the shareholders. Together with Clarus, the Company is reviewing all options that will enable it to unlock value. The Company is of the opinion that the current share price does not accurately reflect the true value of the Company's assets and accordingly is reviewing all of its options should an opportunistic party decide to take advantage of the low share price and launch a take over bid. One option being implemented is the adoption of a shareholders' rights plan (SRP) which will protect the interests of the Company's shareholders. Any adoption of a SRP will require shareholder and TSX approval. Mr. Randy Miller, the President of the Company said: "We are excited about having Clarus as our partner as we look for opportunities to unlock the true value of the Company's assets. The current market cap is not indicative of the true intrinsic value of the Company and with the assistance of Clarus; we believe that we can unlock the real value of the Company's assets."

Inspiration Mining Corp. continues its exploration program on the Desrosiers Property, which is prospective for molybdenum plus multiple other elements including, tantalum, tungsten, rhenium, lithium, bismuth, silver and rare earth elements. Geophysical surveying, geochemical sampling, drilling, and bulk sampling are required for the evaluation of a complex system of pegmatite, granite, and syenite hosted minerals enveloped by surrounding 'greenstone' volcanic rocks, all of Precambrian age. This program is in progress, together with a baseline study to be commenced this season in preparation for additional bulk sampling in the future to compliment and verify historical sampling that has been conducted on the property over several campaigns of exploration. The Property consists of 42 claim units acquired by the Company together with an additional 219 claim units staked to cover additional potential within the favourable volcanic belts which surround the intrusive-associated complex mineralization known from 35 showings. Surface trenching and sampling during historical work has demonstrated molybdenum values from 0.03 to 10.64% across widths from 2 cm. to 2 meters. Historical bulk sampling from the property is reported by D. Bending in his NI 43-101 Report dated 2008 to have returned 1% MoS2 from a 50 ton sample and 2.25% MoS2 from a 165 ton bulk sample. Previous work including drilling to approximately 200 feet suggests a geological exploration target of an open-pittable tonnage of 100,000 tons of molybdenum-bearing mineralization. Bending recommended an exploration program of $232,000 in two phases to evaluate potential for molybdenum, rhenium, silver, tungsten, lithium, beryllium, tantalum, and rare earth elements, as well as the potential for copper, zinc, and nickel within the granite-pegmatite and volcanic greenstone belt.

Inspiration Mining Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2009. For the quarter, the company reported net loss of CAD 1,060,589 or CAD 0.01 per share compared to net loss of CAD 2,068,446 or CAD 0.03 per share for the same period a year ago. Net cash provided by operating activities was CAD 32,311 compared with net cash used in operating activities of CAD 503,787 for the same period a year ago. The company invested on mineral properties of CAD 578,954 compared with CAD 2,128,026 for the same period a year ago. For the nine months, the company reported net loss of CAD 6,010,200 or CAD 0.08 per share compared to net loss of CAD 6,176,215 or CAD 0.09 per share for the same period a year ago. Net cash used in operating activities was CAD 1,385,239 compared with CAD 1,079,663 for the same period a year ago. The company invested on mineral properties of CAD 4,402,273 compared with CAD 5,363,846 for the same period a year ago.