Mr. Randy Miller reports
INSPIRATION MINING ACQUIRES ADDITIONAL SHARES OF URSA MAJOR MINERALS INCORPORATED
Inspiration Mining Corp. has acquired an additional 1,303,500 common shares of Ursa Major Minerals Inc.
As a result of the completion of the additional common shares, Inspiration Mining now owns 8,153,500 common shares of Ursa Major, representing 12.56 per cent of the issued and outstanding common shares of Ursa Major. Inspiration Mining effected the transaction for investment purposes. Inspiration Mining purchased the common shares through the facilities of the TSX.
Inspiration Mining may, depending on market and other conditions, increase or decrease its respective beneficial ownership, control or direction over common shares of the Ursa Major, through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise.
Inspiration Mining has filed a report describing the above acquisitions with the Ontario Securities Commission, copies of which shall be sent promptly to anyone who requests them from Inspiration Mining.