Murgor discovers a new extension of the copper-gold resource closer to surface at the Wim deposit in Manitoba



    MONTREAL, March 13 /CNW/ - Murgor Resources Inc. (MGR: TSX-V) today
announced that it has extended the Wim massive sulphide lens by at least
100 metres closer to surface. Geochemical results from twelve infill,
definition and exploration drill holes from the Wim copper-gold deposit in
Manitoba, were received from the first phase of drilling in 2008. This phase
of drilling is aimed at determining the size of the upper portion of the Wim
deposit. The geochemical results received to date, confirm that drill holes
intersected ore-grade material that will ultimately increase the resource of
the Wim deposit. A longitudinal section will be attached to this press release
on Murgor's website at www.murgor.com.
    Since January of 2008, Murgor has completed 30 drill holes at the Wim
deposit (a total of 8,056 meters) and drilling is expected to continue until
the summer of 2008. In addition to infill and definition drilling, Murgor has
completed metallurgical and geotechnical drill holes in preparation for the
pre-feasibility study at Wim. Results from the remaining drill holes are still
pending.

    
    Best results from the first twelve drill holes are as follows (a complete
list of results is shown at the end of this press release):

    DDH WZS-08-16: 0.98 g/t Au, 2.01% Cu,  5.88 g/t Ag over 4.91 metres.
    DDH WZS-08-18: 0.79 g/t Au, 2.04% Cu,  2.70 g/t Ag over 4.03 metres.
    DDH WZS-08-20: 1.15 g/t Au, 2.02% Cu,    -  g/t Ag over 6.13 metres.
    DDH WZS-08-21: 1.64 g/t Au, 1.06% Cu,  5.61 g/t Ag over 3.20 metres.
    DDH WZS-08-22: 1.10 g/t Au, 1.69% Cu,    -  g/t Ag over 4.00 metres.
    DDH WZS-08-23: 0.80 g/t Au, 1.57% Cu,    -  g/t Ag over 8.91 metres.
    DDH WZS-08-25: 2.85 g/t Au, 4.90% Cu, 20.85 g/t Ag over 4.50 metres.
    DDH WZS-08-27: 1.94 g/t Au, 2.32% Cu, 10.25 g/t Ag over 6.62 metres.
    

    André C. Tessier, President & CEO of Murgor Resources reports: "The Wim
deposit is growing very rapidly and with the additional drilling we have
planned, there is a great opportunity to further increase the size of the
deposit. What we have found through this phase of drilling is that drill holes
that were counted as cutoff holes in the past actually represent narrow areas
within the lens. The mineralization that was encountered in this first phase
of drilling of 2008 is actually thick, quite continuous and remains open
towards surface. Considering these results in the upper portion of the lens,
Murgor is looking forward to the results of the next phase of drilling in the
lower part of the lens where most of the growth was originally anticipated."
    In March of 2007, Murgor completed a NI 43-101 compliant resource
estimate at Wim. The estimation increased the resource by nearly 10% for
copper and more than 40% for gold, relative to the historical resource. A new
NI 43-101 compliant resource estimate is planned for the summer of 2008. Not
including the new zones defined so far by Murgor in 2007 and 2008, the current
43-101 Inferred resource at the Wim deposit stands at (please see SEDAR for
the full report):

    
    -------------------------------------------------------------------------
        CUT-OFF          TONNAGE                        GRADE
        GRADE(*)         (Tonnes)         Cu        Zn        Au        Ag
    -------------------------------------------------------------------------
    2% Cu Equiv(xx)     2,273,000        1.92%     0.26%  1.65 g/t  5.58 g/t
    -------------------------------------------------------------------------

    -------------------------------------------------
             CONTAINED METAL
     Cu (lbs)     Zn (lbs)      Au (oz)      Ag (oz)
    -------------------------------------------------
    87,333,000   11,943,000     110,000      370,000
    -------------------------------------------------
    (*)  Copper equivalent grade.
    (xx) Copper equivalencies based on the following price of metals: Copper
         (Cu) = USD$1.10 per pound, Zinc (Zn) = USD
         $0.60 per pound, Gold (Au) = USD$475.00 per troy ounce,
         and Silver (Ag)= USD$6.00 per troy ounce.
    

    Mineralization at the Wim deposit consists of coarse-grained,
gold-bearing massive to semi-massive sulphide (pyrite, pyrrhotite,
chalcopyrite and minor sphalerite). The mineralized zone now extends from 100
metres to 720 metres below surface, over a strike length of nearly 625 metres.
The lens remains largely open in all directions.
    The Wim property covers approximately 28 square kilometres, located
16 kilometres north of the Town of Snow Lake where HudBay Minerals currently
operates a mill for its Chisel North Mine. The part of the property optioned
from HudBay, covers approximately 12 square kilometres but Murgor also holds a
100% interest in nine claims (not part of the HudBay option) covering the
strike extensions of the Wim deposit with an additional area of 16 square
kilometres.
    Murgor is earning a 100% interest in the Wim property, optioned from
HudBay Minerals Inc. (HBM: TSX) in September of 2006, along with the Hudvam,
Wim, Abbott Lake and Tyr deposits. Murgor is also earning a 50% interest from
HudBay, in two large-scale grassroots projects covering 186,104 hectares of
extremely prospective ground. All properties are located in the Flin-Flon
greenstone belt of Manitoba and Saskatchewan. HudBay has the right to buyback
up to 65% of the Wim property.
    Chemical analyses reported in this press release were performed by TSL
Laboratories in Saskatoon. Base metals were analyzed through atomic absorption
spectrometry after a multi acid digestion whereas gold was analyzed by fire
assay Atomic Absorption using a 30g charge, with gravimetric finish for assays
greater than 3 g/t. Sampling and analytical procedures are subject to a
comprehensive Quality Assurance and Quality Control program that includes
duplicate samples, blanks and analytical standards.
    The Qualified Persons in the field, as defined by NI-43-101, were Neil W.
Richardson P.Geo. and Dr. Jean-Philippe Desrochers, P.Geo. respectively.
Manager of Exploration, Central Canada and Vice-President of Exploration for
Murgor Resources Inc. Andre C. Tessier, P.Geo. (On), P.Eng. (Qc) and President
CEO of Murgor Resources is the Qualified Person responsible for this news
release.

    
                     TABLE OF 2008 RESULTS TO DATE AT WIM
    -------------------------------------------------------------------------
                                                                     PURPOSE
                                     TRUE  HORZ.                       OF
     HOLE ID    FROM    TO   LENGTH WIDTH WIDTH   AU    AG    CU      HOLE
    -------------------------------------------------------------------------
                               (m)   (m)   (m)   g/t   g/t     %
    -------------------------------------------------------------------------
    WZS08-015                No significant result                Exploration
    -------------------------------------------------------------------------
    WZS08-016  262.24 267.15  4.91  4.24  6.00  0.98  5.88  2.01  Extension
                                                                   of Zone
    -------------------------------------------------------------------------
    WZS08-017  422.16 422.26  0.10  0.08  0.11  0.58  2.70  0.20  Exploration
    -------------------------------------------------------------------------
    WZS08-018  252.07 256.10  4.03  3.48  4.93  0.79  5.37  2.04  Extension
                                                                   of Zone
    -------------------------------------------------------------------------
    WZS08-019                        Pending
    -------------------------------------------------------------------------
    WZS08-020  361.80 367.93  6.13  5.15  7.28  1.15     -  2.02  Infill
    -------------------------------------------------------------------------
    WZS08-021  203.15 204.16  1.01  0.85  1.20  3.07     -     -  New Gold
                                                                   Zone
    -------------------------------------------------------------------------
               288.00 291.20  3.20  2.72  3.85  1.64  5.61  1.06  Extension
                                                                   of Zone
    -------------------------------------------------------------------------
    WZS08-022  255.93 259.93  4.00  3.06  4.33  1.10     -  1.69  Infill
    -------------------------------------------------------------------------
    WZS08-023  342.09 351.00  8.91  7.37 10.43  0.80     -  1.57  Infill
    -------------------------------------------------------------------------
    WZS08-024                        Pending
    -------------------------------------------------------------------------
    WZS08-025  228.04 232.54  4.50  3.87  5.47  2.85 20.85  4.90  Extension
                                                                   of Zone
    -------------------------------------------------------------------------
    WZS08-026  202.85 206.00  3.15  2.59  3.66  0.22  6.78  1.32  Extension
                                                                   of Zone
    -------------------------------------------------------------------------
    WZS08-027  294.34 300.96  6.62  5.68  8.03  1.94 10.25  2.32  Infill
    -------------------------------------------------------------------------
    WZS08-028  180.80 181.44  0.64  0.53  0.75  0.58     -  0.74  Extension
                                                                   of Zone
    -------------------------------------------------------------------------
    

    This news release includes certain "forward-looking statements". All
statements other than statements of historical fact, included in this release,
including, without limitation, statements regarding potential mineralization,
resources and reserves, exploration results, and future plans and objectives
of Murgor, are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could cause
actual results to differ materially from Murgor's expectations are exploration
risks detailed herein and from time to time in the filings made by Murgor with
securities regulators.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this press release.





For further information:

For further information: PLEASE VISIT MURGOR'S WEBSITE AT WWW.MURGOR.COM
OR CONTACT: André C. Tessier, President & CEO, MURGOR RESOURCES INC., Tel:
(613) 546-7503 or 1-888-891-3330, Fax: (613) 546-7318, E-mail:
info@murgor.com; Web site: www.murgor.com; Or, Michael Joyner, Investor
Relations - The Equicom Group, Tel: (416) 815-0700 ext. 275 or 1-800-385-5451,
E-mail: mjoyner@equicomgroup.com

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