News Release

INSPIRATION ENERGY ANNOUNCES MANAGEMENT CEASE TRADE ORDER HAS BEEN REVOKED BY THE BCSC

Vancouver, British Columbia, November 06, 2024  INSPIRATION ENERGY CORP. (the “Company” or “Inspiration”) (CSE: ISP) is providing an update on the status of its management cease trade order issued on August 29, 2024 (the “MCTO”), by its principal regulator, the British Columbia Securities Commission (the “BCSC”), under National Policy 12-203 Management Cease Trade Orders (“NP 12-203”). The Company announced on August 29, 2024 (the “Default Announcement”), that it expected to be unable to file its annual financial statements, management’s discussion and analysis and related officer certifications for the financial year ended April 30, 2024 (collectively, the “Annual Filings”) by the filing deadline of August 29, 2024 (the “Filing Deadline”).

The Company is pleased to announce that it has filed its annual financial statements, management’s discussion and analysis and related officer certifications for the financial year ended April 30, 2024 (collectively, the “Annual Filings”) on October 28, 2024. The Company further announces that it has filed its unaudited interim financial statements, related management's discussion and analysis and CEO and CFO certifications for the three months ended July 31, 2024 (the “Interim Filings”), and together with the Annual Filings, the “Required Documents”) which were delayed beyond the filing deadline of September 29, 2024 as a result of the delay in completing the Annual Filings.

The Company has been notified by the BC Securities Commission (BCSC) that under section 164 of the Securities Act, the Executive Director orders that the Management Cease Trade Order is revoked.

About Inspiration Energy Corp. 

Inspiration Energy Corp. is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. Its objective is to locate and develop properties of merit and to conduct exploration on the Company’s properties. For more information, please refer to the Company's information available on SEDAR+ (www.sedarplus.ca). 

On Behalf of the Board of Directors
Charles Desjardins
CEO, President and Director
Phone: 604-808-3156
Email: info@inspiration.energy

Neither the Canadian Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release. 

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR+ in Canada (available at www.sedarplus.ca).