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TORONTO, ONTARIO--(Marketwire - Sept. 19, 2011) - Inspiration Mining Corporation (the "Company")(News - Market indicators)(FRANKFURT:OI8) would like to announce that George Heard has been appointed to the board of directors of the Company.
Mr. Heard, B.Sc, M.B.A., P Eng, has over 35 years in the mining industry where he has been involved in all aspects of mine exploration, feasibility, development and operations. He has managed projects in Africa, Indonesia, Brazil, Mexico, Canada and the US. As Mine Manager, Mr. Heard participated in the successful development of a $600 million coal mine Joint Venture between RTZ and BP in Indonesia. He graduated from the School of Mines in Butte, Montana with a B.Sc. in Mining Engineering in 1975 and received an M.B.A. from the University of Hawaii in 1988. Mr. Heard is currently the President, CEO and Director of Global Uranium Corporation, CEO and Director of Thelon Capital Ltd. and Director of NuCoal Energy Corp. He is a Registered Member of the Association of Professional Engineers and Geoscientists of British Columbia.
The Company also announces that Mr. Ian Stewart has resigned as director and President of the Company. Mr. Stewart suffered a serious medical injury recently and his resignation will allow him to focus on healing and rehabilitation. The company would like to thank Mr. Stewart for his service and contribution to the Company and wishes him a full and speedy recovery and success in his future endeavours.
In the interim, Mr. Randy Miller will serve as Interim President until such time that the Company is able to appoint a permanent President.
Forward Looking Statements
This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "anticipated", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Inspiration is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements contained in this release. Inspiration cannot assure investors that actual results will be consistent with these forward looking statements and Inspiration assumes no obligation to update or revise the forward looking statements contained in this release to reflect actual events or new circumstances.