Coming soon alright.........

http://nitinatminerals.com/

As an aside, We bounce around in the $2.00 to $2.25 region for what seems like 6-7 weeks now, any thoughts out there that this is to keep the stock in a price range that has been calculated as the final range for which to do the share based dividend for when ISM sheds its Jasper property to become Nitinat Minerals. Shareholders of record receiving shares accordingly.

Can't have the stock all over the map can you when doing those calculations?

Jasper Property Spin-Off Update

"TORONTO, ONTARIO, Jan 29, 2008 (MARKET WIRE via COMTEX News Network) --

Inspiration Mining Corporation ("Inspiration" or the "Corporation")(TSX: ISM)(FRANKFURT: OI8) would like to provide an update on its proposed spin-off of its Jasper Property announced previously in a press release dated July 17, 2007. As previously stated, the Corporation intends to, subject to regulatory approval, to restructure its holdings whereby the Corporation intends to divest itself of its Jasper Property located on Vancouver Island, British Columbia. The proposed restructuring will allow the Corporation to fully focus on advancing the Langmuir Project in Ontario.

Pursuant to a purchase agreement dated December 1, 2007 but effective as at July 30, 2007, the Corporation intends to sell the Jasper Property to Nitinat Minerals Corporation, an arm's length third party ("Nitinat") in exchange for 13,367,904 special warrants ("Special Warrants"). Each Special Warrant entitles the holder to acquire (subject to adjustment), for no further consideration, one common share in the capital of Nitinat (the "Nitinat Common Shares") at any time on or before the date (the "Expiry Date") which is the earlier of:

(i) the sixth business day after the date that a receipt (the "Prospectus Receipt") is issued by the last of the securities regulatory authorities of Ontario, Alberta and British Columbia for a (final) prospectus of the Purchaser qualifying the distribution of the Nitinat Common Shares to be issued upon exercise of the Special Warrants; and

(ii) November 1, 2008.

Any Special Warrants not exercised prior to 5:00 p.m. (Toronto time) on the Expiry Date shall be deemed to have been exercised immediately prior thereto, without any further action on the part of the holder.

The Corporation proposes, subject to the prior approval of the Toronto Stock Exchange (the "TSX") and the receipt of the Prospectus Receipt, to distribute up to 100% of the Nitinat Common Shares on a pro rata basis to all of the Corporation's shareholders as at July 30, 2007.

Management believes that by establishing a new public vehicle to develop the Jasper Property, existing Inspiration shareholders will be rewarded as Nitinat unlocks the true value of the Jasper Property.

The Jasper Property claims are located in the Victoria Mining Division, southwestern Vancouver Island, British Columbia. The property is approximately 80 kilometres northwest of Victoria. The southern portion of the claims overlie much of the Caycuse River and its tributaries Four Mile Creek and Seven Mile Creek, extend northwards over the height of land to the tributaries of Jasper Creek, and westwards to a no staking reserve along the eastern shore of the Nitinat River. The Jasper Property consists of the Jas 3 legacy mineral claim and nine cell mineral claims that comprise ten contiguous claims which total 6,615 hectares. The property is currently 100% owned by Inspiration.

The Jasper Property does not constitute all or substantially all of the assets of the Corporation and as such shareholder approval is not required for the proposed divesture. "