Silk Energy Ltd SLKEF

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[Jab2004]

Inspiration Intersects 0.895% Ni Over 19.57m or 64.21ft With 3.371% Ni Over 2.37m or 7.77ft (True Width) TORONTO, ONTARIO--(CCNMatthews - June 5, 2007) - Inspiration Mining Corporation (TSX:ISM)(FRANKFURT:OI8)(the "Corporation") is pleased to announce the results of the continuation of their diamond drilling program on its Langmuir Project, located in Langmuir Township south of Timmins, Ontario. The Langmuir Property consists of 69 unpatented contiguous mining claim units covering approximately 1090 hectares in the north-central portion of Langmuir Township, Porcupine Mining Division, and District of Cochrane, Ontario. The property is approximately 25 km southeast of Timmins, Ontario, and hosts the past producing Langmuir No.1 Mine, and majority of the past producing Langmuir No. 2 Mine. Inspiration is continuing the drilling at the Langmuir Project - Langmuir No.1 Mine. The detail fill-in drill program is designed to complete the definition of the nickel bearing mineralization below the 300-foot mine level to a vertical depth of approximately 900 feet below surface. The following table indicates the drill information for the Langmuir No. 1 Mine drill holes: --------------------------------------------------------------------------- Drill Hole Grid Grid Dip Azimuth Section Section Length Northing Easting (Geodetic) Northing Easting (m) (metres) (metres) (feet) (feet) --------------------------------------------------------------------------- L107-35 1271.38 2298.15 -56.24 306.82 3345.38 10482.04 215.55 --------------------------------------------------------------------------- L107-36 1271.35 2298.24 -59.05 304.73 3345.34 10482.34 230.50 --------------------------------------------------------------------------- L107-37 1280.88 2340.48 -55.20 302.92 3398.34 10614.18 280.90 --------------------------------------------------------------------------- The following assay results for drill holes L107-35 to L107-37 at the former Langmuir No.1 Mine have been received, compiled and condensed to the following: --------------------------------------------------------------------------- Core True Core True Weighted Drill Hole From To Length Width Length Width Average (m) (m) (m) (m) (ft) (ft) Ni (%) --------------------------------------------------------------------------- --------------------------------------------------------------------------- L107-35 126.70 192.00 65.30 52.02 214.24 170.66 0.320 -------------------------------------------------------------------- and contains -------------------------------------------------------------------- 126.70 131.70 5.00 3.98 16.40 13.07 0.454 -------------------------------------------------------------------- 134.40 149.25 14.85 11.83 48.72 38.81 0.363 -------------------------------------------------------------------- 160.07 162.00 1.93 1.54 6.33 5.04 0.510 -------------------------------------------------------------------- 179.00 191.11 12.11 9.64 39.73 31.64 0.588 --------------------------------------------------------------------------- --------------------------------------------------------------------------- L107-36 153.00 174.43 21.43 16.12 70.31 52.89 0.347 -------------------------------------------------------------------- 169.50 173.50 4.00 3.01 13.12 9.87 0.575 -------------------------------------------------------------------- and -------------------------------------------------------------------- 179.37 211.35 31.98 24.06 104.92 78.93 0.331 -------------------------------------------------------------------- and contains -------------------------------------------------------------------- 179.37 184.00 4.63 3.48 15.19 11.43 0.426 -------------------------------------------------------------------- 198.00 203.90 5.90 4.44 19.36 14.56 0.621 -------------------------------------------------------------------- or 201.00 203.90 2.90 2.18 9.51 7.16 0.801 --------------------------------------------------------------------------- --------------------------------------------------------------------------- L107-37 209.00 212.00 3.00 2.79 9.84 9.14 0.595 -------------------------------------------------------------------- and -------------------------------------------------------------------- 231.13 252.20 21.07 19.57 69.13 64.21 0.895 -------------------------------------------------------------------- and contains -------------------------------------------------------------------- 235.46 240.00 4.54 4.22 14.90 13.84 2.054 -------------------------------------------------------------------- or 236.50 239.05 2.55 2.37 8.37 7.77 3.371 -------------------------------------------------------------------- with 238.48 239.05 0.57 0.53 1.87 1.74 8.655 -------------------------------------------------------------------- and -------------------------------------------------------------------- 244.00 252.20 8.20 7.62 26.90 24.99 0.902 -------------------------------------------------------------------- 245.00 249.97 4.97 4.62 16.31 15.15 1.194 --------------------------------------------------------------------------- Drill holes L107-35 and L107-36 were drilled at the same location approximately 130 feet east of previously released drill holes L106-20 and L106-21. Drill hole L107-35 was approximately 97 feet down dip of drill hole L107-21 while L107-36 was approximately another 61 feet further down dip. Drill hole L107-37 was drilled approximately 66 feet east of previously released drill holes L106-7 to L106-9 and was planned to detect the upper limit of the nickel mineralization obtained in hole L106-8. The mineralization obtained in drill hole L107-37 was approximately 61 feet down dip from hole L106-7 and approximately 79 feet up dip from hole L106-8. The intersection is approximately 670 feet below surface. The nickel bearing sulphide mineralization, with estimations ranging from 1% to 20% fine-grained disseminatations up to massive 100% sulphides, is contained within serpentenized komatiitic ultramaftic extrusive flows with occasional spinifex texture. The assaying technique used is the industry standard for base metal assaying, which uses nitric and hydrochloric acids that extracts nickel only from sulphide mineralization and not from nickel silicate minerals. The assaying of split core samples was conducted by Swastika Laboratories, and included the insertion of blanks and standards. The Qualified Person in charge of the Langmuir Project and the person who prepared the technical data in this release is Kian Jensen, B.Sc., P.Geo. (Ont). The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. CONTACT INFORMATION: Inspiration Mining Corporation Randy Miller President of the Company [phone] Website: www.inspirationmining.com or For Investor Relations call: Gale Capital Corporation [phone] Fax: [phone] Email: [e-mail]