Inspiration Mining Corporation ("Inspiration" or the "Corporation") (TSX: ISM)(FRANKFURT: OI8) would like to announce that subject to regulatory approval, it intends to restructure it 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 focus on advancing the Langmuir Project.

Pursuant to the proposed restructuring plan, the Corporation intends to transfer the Jasper Property to an arm's length third party (the "Purchaser") and subsequently distribute the consideration it is to receive from the Purchaser to the Corporation's shareholders by way of a special dividend. Shareholders of record on July 30, 2007 will be receiving the special dividend.

Management believes that by establishing a new public vehicle to develop the Jasper Property, existing Inspiration shareholders will be rewarded as management unlocks the true value of the Jasper Property. The Company is currently finalizing the terms and conditions of the proposed restructuring and will update its shareholders once specific details have been confirmed.

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 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."