News Release

Inspiration Enters Into Agreement For 100% of the “Rottenstone North Gold Project” in Northern Saskatchewan bordering Ramp Metals Inc.

Vancouver, British Columbia - November 14, 2024, Inspiration (“Inspiration” or the “Company”) (ISP:CSE) is pleased to announce that it has entered into an arm’s length agreement for an undivided 100% interest in the “Rottenstone North Gold Project.”  The Rottenstone North Gold Project or (the “Project”) is located in Northern Saskatchewan, Canada, approximately 115 kilometers North of La Ronge, Saskatchewan. The Project consists of 1 mineral claim covering approximately 4,512 hectares. 

The Project is located within the Rottenstone Domain, a regional northeast-southwest geological corridor, that includes the past producing Rottenstone nickel-copper-platinum group elements-gold mine (Ni-Cu-PGE-Au), which from 1965-1968 produced some 26,057 tonnes of high-grade grading 3.28% Ni, 1.83% Cu and 9.63 g/t Pt+Pd+Au (Saskatchewan Mineral Deposits Index #09587).

Inspiration’s Project is directly northwest and borders Ramp Metals Inc.’s Rottenstone SW gold project (Figure 1) which reported multiple gold zones from discovery hole Ranger-01 that included 73.55 g/t Au and 19.50 g/t Ag over 7.5 metres from 227 m, including 182 g/t Au and 60.8 g/t Ag over 1.5 m from 230.0 metres (Ramp Metals news release dated June 17, 2024). Inspiration management cautions that past results or discoveries on properties in proximity to Inspiration may not necessarily be indicative of the presence of similar mineralization on the Company's properties.

“This is a signal of  renewed focus on the growth of the Company.  This gold Project is the right address in Saskatchewan, which is one of the most business and mining friendly regions in the world.  This new gold project directly borders the exciting discovery of Ramp Metals Inc.” stated Charles Desjardin, President of Inspiration.  “We are now positioned to move forward and get the Project underway. Management is optimistic about the short and long term growth prospects of Inspiration and with only approximately 15 million shares outstanding there is tremendous leverage to success.”

Figure 1. Location of Inspiration’s Rottenstone North Gold Project relative to Ramp Metals Inc.’s discovery drill hole (Ranger-01) and the historical Rottenstone Ni-Cu-PGE-Au Mine, Saskatchewan.

Terms of the Agreement:

1. Inspiration shall have the exclusive right and option to earn a 100% legal and beneficial interest in the Project from the Owners by issuance of 2.8 million shares (the “Shares”) and 2.8 million transferable warrants (the “Warrants”), collectively (the “Transaction”) as set out below:
2. Issuing the Shares and Warrants within five (5) days of all applicable approvals;
3. The Warrants having a term of 5 years with a strike price of $0.08 per Warrant.

All securities issued pursuant to this Option Agreement will be subject to a statutory hold period of four months plus a day from the date of issuance, according to the applicable security laws of Canada.

National Instrument 43-101 disclosure

Dr. Scott Jobin-Bevans, P.Geo. (#0183), and Independent Advisor to the Company, is a Qualified Person as defined by NI 43-101, Standards of Disclosure for Mineral Projects. Dr. Jobin-Bevans has reviewed and approved the technical content in this news release.

References

The contents of this release were obtained from the on-line mineral assessment file system in Saskatchewan, which provides access to non-confidential mineral assessment files, allowing users to search and explore valuable information related to mineral exploration and mining.

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).