Mr. Charles Desjardins reports

INSPIRATION MINING AGREES TO ACQUIRE CH-98 PHOSPHATE PROPERTY IN QUEBEC AND ARRANGES $450,000 FINANCING

Inspiration Mining Corp. has entered into an arm's-length agreement with Beauce Gold Fields Inc. to acquire a 100-per-cent interest in the CH-98 phosphate property in the Lac-Saint-Jean region of Quebec, subject to necessary regulatory approvals.

The CH-98 property is situated within Quebec's Lac-Saint-Jean anorthositic suite, a region known for its significant igneous phosphate occurrences. The property is located near Arianne Phosphate's Lac a Paul phosphate project and within the broader Saguenay-Lac-Saint-Jean region that also hosts First Phosphate Corp.'s Begin-Lamarche phosphate deposit. The presence of these established phosphate projects highlights the region's geological importance and growing role in North America's phosphate supply chain.

Charles Desjardins, chief executive officer of Inspiration Mining, stated: "We are pleased to have reached an agreement to acquire CH-98 in one of Quebec's established phosphate districts. The previously reported rock sampling and preliminary COREM results provide an encouraging basis for further evaluation. We look forward to building an exploration program to better understand the size, continuity and metallurgical characteristics of the apatite mineralization."

Patrick Levasseur, president and chief executive officer of Beauce Gold Fields, commented: "We are pleased to see CH-98 move forward under Inspiration Mining's leadership. Our exploration work has demonstrated encouraging phosphate grades and metallurgical results, and we believe Inspiration has the experience and vision to build on this foundation and further unlock the property's potential."

CH-98 property highlights:

• Land package: 111 mining claims covering approximately 6,164 hectares accessible by the Lac Froid gravel road;
• Near-surface geology: Beauce Gold Fields previously reported outcrops of granoblastic anorthosite containing coarse apatite, with additional apatite-bearing gabbro-norite mapped in the eastern sector; Beauce Gold Fields also identified a nearby northeast-southwest-trending fault corridor as a possible structural influence on apatite concentration;
• Rock sampling: Beauce Gold Fields previously reported sample collected at the CH-98-61 showing returned 8.07 per cent P2O5 (phosphorus pentoxide);
• Historical confirmation: Quebec government sampling in 1998 reported 8.59 per cent P2O5 at the CH-98-61 outcrop;
• Preliminary metallurgy: COREM laboratory flotation test work on material from CH-98-61 produced a concentrate grading up to 38.9% P2O5 at 93.4-per-cent recovery under the tested conditions;

Inspiration plans to commence a National Instrument 43-101 report on the CH-98 phosphate property.

Strategic rationale

Phosphorus was added to Canada's Critical Minerals List in 2024, and Quebec added apatite to its list of critical and strategic minerals in 2024. Phosphate is used in fertilizer production and can serve as a feedstock for phosphoric acid and lithium-iron-phosphate (LFP) battery materials. The suitability of CH-98 material for any particular end use, including purified phosphoric acid or battery applications, remains to be established through additional technical and economic studies.

Transaction terms

In consideration for the acquisition of Beauce Gold Fields' 100-per-cent interest in CH-98, Inspiration will issue 10 million common shares to Beauce Gold Fields. Completion remains subject to receipt of the required regulatory approvals.

In connection with the transaction, Inspiration Mining will issue 1.5 million common shares to an arm's-length finder as a finder's fee, subject to applicable regulatory approvals.

Financing

Inspiration is also pleased to announce that it intends to complete a non-brokered private placement financing for aggregate gross proceeds of up to $450,000 from the sale of up to nine million units of the company at five cents per unit.

Each unit will comprise one common share and one transferable common share purchase warrant of the company. Each warrant will entitle the subscriber to purchase one common share of the company for a 24-month period after the closing date of the offering at an exercise price of 10 cents per common share.

Closing of the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals. Net proceeds of the offering will be used for general working capital purposes.

Shares issued pursuant to the offering will be subject to a four-month-and-one-day hold period according to applicable securities laws of Canada.

Technical information and qualified person

The sampling and metallurgy referenced in this release were previously reported by Beauce Gold Fields, including in its Nov. 17, 2025, March 12, 2026, and May 6, 2026, news releases. They do not establish the average grade, continuity, economic viability or commercial-scale recoverability of mineralization across the property. Further mapping, sampling and metallurgical evaluation will be needed. The technical information in this news release has been reviewed and approved by Christian Tremblay, MSc, PGeo, an independent qualified person as defined by NI 43-101.

About Inspiration Mining Corp.

Inspiration Mining is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. Its objective is to locate and develop properties of merit and to conduct exploration on the company's properties.

We seek Safe Harbor.