Inspiration Energy Status Update ON Management Cease Trade Order
INSPIRATION ENERGY STATUS UPDATE ON MANAGEMENT
CEASE TRADE ORDER
Vancouver, British Columbia, September 26, 2024: INSPIRATION ENERGY CORP. (the
“Company” or “Inspiration”) (CSE: ISP) is providing a bi -weekly default status report in
accordance with National Policy 12-203 - Management Cease Trade Orders ("NP 12-203").
On August 29, 2024, the Company announced that it applied for a management cease trade order
("MCTO") with the British Columbia Securities Commission (" BCSC") in connection with the
delay in filing of its audited annual financial statements for the year ended April 30, 2024, related
management discussion and analysis, CEO and CFO certificates for the fiscal year ended April 30,
2024 (collectively, the " Required Documents") by the prescribed filing deadline (the " Original
Announcement"). At that time, based on information then-available, the Company expected to file
the Required Documents by August 31, 2024. The MCTO was issued on August 29, 2024 and
restricts its Chief Executive Officer and Chief Financial Officer from trading in secu rities of the
Company, whether direct or indirect, until the Company files the Required Documents and the
BCSC revokes the MCTO.
The Company’s management continues to work diligently to complete the Required Documents.
The Company now expects that the Required Documents will be filed on or before October 28,
2024.
The Company confirms that since the date of the Original Announcement: (i) other than as
described above and in its Original Announcement, there have been no changes to the information
set out in the Original Announcement that would be expected to be material to an investor; (ii)
there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying
the provisions of the alterna tive information guidelines set out in NP 12 -203; (iii) there has not
been any other specified default by the Company under NP 12 -203, and, no such other default is
anticipated; and (iv) there is no other material information concerning the affairs of the Company
that has not been generally disclosed.
The Company confirms it will continue to satisfy the provisions of the alternative information
guidelines set out in NP 12 -203 so long as it remains in default of the requirement to file the
Required Documents.
About Inspiration Energy Corp.
Inspiration Energy Corp. 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 . For more information, please refer to the
Company's information available on SEDAR+ (www.sedarplus.ca).
On Behalf of the Board of Directors
Charles Desjardins
CEO, President, and Director
Phone: 604-808-3156
Email: [email protected]
Neither the Canadian Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or
accuracy of this news release.
FORWARD LOOKING STATEMENTS: This news release contains forward -looking statements, which relate to
future events or future performance and reflect management’s current expectations and assumptions. Such forward -
looking statements reflect management’s curre nt beliefs and are based on assumptions made by and information
currently available to the Company. These forward -looking statements generally are identified by words such as
“believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “ future,” “opportunity,” “plan,” “may,”
“should,” “will,” “would,” and similar expressions and in this news release include statements respecting the timing
of filing of the Company’s Required Filings, and Company’s compliance with the MCTO and NP 12 -203. I n
particular, this news release contains forward-looking information relating to the anticipated date for filing the annual
financial statements for the year ended April 30, 2024, related management's discussion and analysis, and related
certifications for the financial year ended April 30, 2024. Investors are cautioned that these forward-looking statements
are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ
materially from those expected. These forward -looking statements are made a s of the date hereof and, except as
required under applicable securities legislation, the Company does not assume any obligation to update or revise them
to reflect new events or circumstances. All of the forward -looking statements made in this press release are qualified
by these cautionary statements and by those made in our filings with SEDAR+ in Canada (available at
www.sedarplus.ca).