Ni, Co, Cu, PGM, Au Properties in Ontario Canada

Producing Mines and "state-of-the-art" Mill

Free
Message: Companies with cash

Weighted average number of common

shares outstanding

67,855,270

INSPIRATION MINING CORPORATION

INTERIM CONSOLIDATED BALANCE SHEETS

(EXPRESSED IN CANADIAN DOLLARS)

(UNAUDITED)

June 30, September 30,

2008 2007

ASSETS

Current assets

Cash and cash equivalents $ 400,410 $ 596,015

Short-term investments 33,089,911 37,799,282

Receivables 521,778 190,704

Prepaid expenses 366,540 30,950

34,378,639 38,616,951

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