Mr. Randy Miller of Inspiration Mining reports

INSPIRATION MINING CLARIFIES STATEMENTS MADE BY URSA MAJOR

Inspiration Mining Corp. wishes to clarify the misleading statements made by Ursa Major Minerals Inc. in its press release of June 20, 2011. In its release Ursa stated that Randy Miller, the chief executive officer of Inspiration, had an annual salary of $884,500 for the year ended Sept. 30, 2010.

Mr. Miller's annual salary for fiscal 2010 was $382,500. During the fiscal year, Mr. Miller was granted certain stock options with a value of $502,000 thus bringing his total compensation to $884,500. Aside from his annual salary of $382,500, Mr. Miller did not receive any additional cash compensation.

The $502,000 value of the options granted to Mr. Miller represents an estimate of the grant date fair value of the options calculated in accordance with the Black-Scholes pricing model (please refer to the audited annual financial statements of the corporation for the year ended Sept. 30, 2010, for details regarding the assumptions underlying the Black-Scholes estimates). The Black-Scholes model is a pricing model which may or may not reflect the actual value of the options. The options have not been and may never be exercised and actual gain, if any, on exercise will depend on the value of the common shares on the date of exercise.

We seek Safe Harbor.