TORONTO, ONTARIO, Apr. 19, 2010 (Marketwire) --

TORONTO, ONTARIO -- (Marketwire) -- 04/19/10 -- Further to its press releases of March 22, 29 and 30, 2010, Inspiration Mining Corporation (the "Company") (TSX: ISM)(FRANKFURT: OI8), at the request of the TSX, is amending the record date to be used with respect to the proposed spin-out of its wholly owned subsidiary, Metal Mines, Inc. ("Metal Mines").

As previously reported, the Company intends to spin-out Metal Mines as a separate public company and had proposed the dates set out in those releases to be the record date. Subsequent to those releases and in consultation with the Exchange, it has been decided that the establishment of a record date for that proposed spin-out not be set until such time that all conditions relating to the transaction have been met, including obtaining all requisite shareholder approval.

In addition to shareholder approval, the proposed spin-out is subject to regulatory approval and there can be no assurance that the Company will obtain the requisite shareholder approval and that the proposed spin-out would be completed. Obviously, the listing of Metal Mines' and the continued listing of the Company's shares will be subject to Metal Mines and the Company meeting the listing criteria of the TSX and there can be no assurance that Metal Mines and the Company will meet the criteria.