Inspiration Mining to Commence Drilling at Rottenstone North Gold-Copper Project in Northern Saskatchewan

• Most Recent Event: On May 1, 2026, Inspiration Mining Corp. announced the commencement of diamond drilling at its Rottenstone North Gold-Copper Project in Northern Saskatchewan.
• Drilling Contractor: Flamingo Drilling Ltd. has been contracted to execute the program.
• Target Mineralization: The drill targets VMS-style copper-zinc-lead-silver-gold anomalies along the southeastern boundary of the project.
• Methodology: Targets were identified using geophysical anomalies, regional structural interpretations, and an Advanced Atomic Mineral Resonance Tomography (AMRT) satellite survey conducted in July 2025.
• Land Holdings: The company controls approximately 35,500 hectares (87,700 acres) across the Rottenstone North and West projects.
• Context: The project is positioned near Ramp Metals Inc.'s recent discoveries, including the Rush VMS-style discovery and the Ranger showing.
• Management Commentary: CEO Charles Desjardins stated May 2026 will be "the most important time in the Company's history to date" and emphasized a tight share structure leading into the campaign.

• Expectation vs. Reality: The commencement of drilling was previously announced in November 2025 ("Drilling Planned for Early 2026") and confirmed again in February 2026 ("Formulating Drilling Plans... expected to start early 2026"). Therefore, the May 1st announcement is an execution of a known timeline rather than unexpected new information.
• Materiality: The news is classified as Routine - Positive because it confirms the progression from planning to operations but does not yet provide assay results or discovery validation. The market impact will depend on subsequent drill results rather than the start date itself.
• Progression of Projects:
  • Nov 2025: Drill permit obtained, drilling planned for early 2026.
  • Dec 2025: Financing closed ($200k) to fund working capital and exploration.
  • Feb 2026: Permit confirmed, plans finalized, financing target announced ($1.05M).
  • Mar 2026: First tranche of financing closed ($530k), drilling funds secured.
  • May 2026: Drilling commences as planned.
• Financial Context: The company has raised approximately $1.78 million CAD in financings over the last six months (Dec 2025 + Mar 2026) to fund this specific campaign, indicating a reliance on capital markets for operations.

• Company Name: Inspiration Mining Corp (formerly Inspiration Energy Corp).
• Flagship Project: Rottenstone North Gold-Copper Project, Northern Saskatchewan.
• Project Type: VMS (Volcanogenic Massive Sulfide) style mineralization targeting copper, zinc, lead, silver, and gold.
• Land Package: 35,500 hectares total (Rottenstone North: 4,512 ha; Rottenstone West: 31,011 ha).
• Geological Context: Located in a VMS-gold corridor near Ramp Metals' Rush and Ranger discoveries.
• Status: Exploration phase, currently initiating first drill program (May 2026).