Ursa Major Minerals Incorporated T.UMJ

Ask MILLER About this one .......

[Maroons94]

November 23, 2007 - 3:01 PM EST

Inspiration Purchases NSR

TORONTO, ONTARIO--(Marketwire - Nov. 23, 2007) - Inspiration Mining Corporation (the "Corporation") (TSX:ISM)(FRANKFURT:OI8) is pleased to announce that the Corporation has exercised its option to purchase 2% net smelter return ("NSR") interest on the Langmuir project for an aggregate purchase price of $2 million USD. Of this amount, Adrea Capital Corp., a British Columbia private company owned and controlled by an officer and director of the Corporation, received an aggregate $666,667 for its 0.67% NSR interest. After the purchase of the 2% NSR, the Langmuir project is subject to a 1% NSR interest. The Company feels that the return of this asset to the shareholders dramatically enhances shareholder value. The decision to purchase the 2% NSR interest was made due to the strength of the Canadian dollar as compared to its American counterpart.

FOR FURTHER INFORMATION PLEASE CONTACT:

Inspiration Mining Corporation
Randy Miller
President
[phone]


Website: www.inspirationmining.com


For Investor Relations call:
Gale Capital Corporation

[phone]
[phone] (FAX)
Email: [e-mail]

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