Inspiration Mining Closes Non Flow-Through Private Placement

May 27, 2026 8:00 AM EDT | Source: Inspiration Mining Corp.

Vancouver, British Columbia--(Newsfile Corp. - May 27, 2026) - Inspiration Mining Corp. (CSE: ISP) (WKN: A40GPX) (OTCID: ISPNF) ("Inspiration" or the "Company") announces that further to its press release dated May 20, 2026, it has closed is non-brokered private placement financing (the " Offering ") for aggregate gross proceeds of $321,000 from the sale of 3,210,000 units of the Company at $0.10 per unit (each, a " Unit ").

Each Unit was comprised of one common share (each, a " Unit Share ") and one transferable common share purchase warrant (each, a " Warrant ") of the Company. Each Warrant will entitle the subscriber to purchase one common share of the Company (each, a " Warrant Share ") for a 36-month period after the closing date of the Offering at an exercise price of $0.13 per common share.

Proceeds raised will be used for general working capital purposes.

Finders fees of $26,080 was paid as well as 260,800 finders warrants were issued.

According to applicable securities laws of Canada, any Unit Shares issued pursuant to the Offering will be subject to a hold period expiring September 28, 2026.

About Inspiration Mining 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+ ( ).

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