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Inspiration Mining Corporation: Inspiration Retains Clarus Securities as Financial Advisor

  //business-finance.news-articles.net/content/200 .. ains-clarus-securities-as-financial-advisor.html
  Published in Business and Finance on Thursday, October 15th 2009 at 7:56 GMT by Market Wire
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TORONTO, ONTARIO--(Marketwire - Oct. 15, 2009) - Inspiration Mining Corporation (the "Company")(TSX:ISM)(FRANKFURT:OI8) announces that it has retained Clarus Securities Inc. ("Clarus") 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, states "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."

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.