Murgor drill hole #3 extends the Wim Copper-Gold deposit by 120 meters in northern Manitoba



    - 2.33% Copper and 2.69 g/t Gold over 5.74 meters

    MONTREAL, Oct. 16 /CNW Telbec/ - Murgor Resources Inc. (MUG: TSX-V) is
pleased to announce the results of drill hole WZS07-03 from its preliminary
phase of drilling at the Wim property in northern Manitoba. As stated in a
press release dated October 10th, 2007, this drill hole extends the
mineralization at the Wim deposit by 120 metres to the SE and therefore has
the potential to increase the resource of the deposit. The results of the
first three drill holes are as follows:

    
    WZS07-001 - 2.83% Cu, 3.35 g/t Au, 12.49 g/t Ag and 0.25% Zn over
                11.10 meters
    WSZ07-002 - 2.23% Cu, 1.13 g/t Au,  8.62 g/t Ag and 0.82% Zn over
                2.23 meters
    WSZ07-003 - 2.33% Cu, 2.69 g/t Au, 12.01 g/t Ag and 0.28% Zn over
                5.74 meters

    Results from drill holes #1 and #2 have been released previously on
October 10, 2007. A complete table of results is shown at the end of this
press release.
    "These initial drill results at Wim are extremely important to Murgor.
Only a few drill holes from our first drill program at Wim and already Murgor
may have added 10% to 20% to the existing resource. And in the shallow part of
the ore lens." says Andre C. Tessier, President and CEO of Murgor Resources.
"Our exploration team is gearing up for a very busy and exciting drilling
program at Wim this coming winter with more than 12,000 of drilling planned on
this project alone. Another 10,000 metres are planned at Hudvam and
5,000 metres on our other properties in Manitoba and Saskatchewan. Murgor's
objective remains to bring the Hudvam and Wim deposits to feasibility as soon
as possible while drilling our first priority exploration targets on the other
properties, as defined during Murgor's 2007 exploration program. Should make
for a very interesting year 2008 for Murgor."
    So far, Murgor has completed over 3,000 meters of drilling has completed
six drill holes at the Wim program (including drill hole #4 that was abandoned
due to excessive deviation). Complete results for the first three drill holes
are provided herein. Drill hole #5 was testing the eastern extension of the
ore lens but deviated to the southeast off its target. Nevertheless, the hole
intersected 2.00 metres of disseminated mineralization. Drill hole #6 tested
the extension of the lens at depth and intersected 1.69 metres of massive
sulphide mineralization that extended the ore lens by 50 metres at depth but
not down plunge. Assays from drill holes #5 and #6 are pending.
    The Wim deposit mineralization consists of coarse-grained, gold-bearing
massive to semi-massive sulphide (pyrite, pyrrhotite, chalcopyrite and minor
sphalerite). Prior to this phase of drilling, the mineralized zone extended
from 245 metres to 640 metres below surface, over a strike length of nearly
500 metres, and remains largely open in all directions.
    The current NI 43-101 compliant Inferred resource at the Wim deposit
(prior to this drilling) stands at:

    -------------------------------------------------------------------------
    DEPOSIT               TONNAGE                      GRADE
                         (Tonnes)        Cu        Zn       Au         Ag
    -------------------------------------------------------------------------
    WIM((*))            2,062,000      1.92%     0.26%    1.65 g/t   5.58 g/t
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    DEPOSIT                               CONTAINED METAL
                           Cu (lbs)      Zn (lbs)     Au (oz)        Ag (oz)
    -------------------------------------------------------------------------
    WIM((*))            87,333,000    11,943,000      110,000       370,000
    -------------------------------------------------------------------------
    (*) Based on 2% Copper equivalent cut-off grade. Base case Inferred
    Resource estimate based on assumed underground mining methods, calculated
    In March of 2007.

    The Wim property covers approximately 28 square kilometres and is 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.


                          COMPLETE TABLE OF RESULTS
                          -------------------------
    -------------------------------------------------------------------------
                                              Core         Horiz.      True
    Hole Number       From          To      Length         Width      Width
                        (m)         (m)         (m)           (m)        (m)
    -------------------------------------------------------------------------

    WZS07-001       427.10      438.20       11.10         11.39       8.86


    WZS07-002       401.57      403.80        2.23          2.27       1.60

    WZS07-003       331.86      337.60        5.74          7.61       5.38

    WZS07-004              Hole Abandoned due to
                            excessive deviation

    WZS07-005       575.80      577.80        2.00          2.49       1.39

    WZS07-006       722.65      724.34        1.69          2.12       1.19


    -------------------------------------------------------------------------
    Hole Number                     Cu          Au            Ag      Remark
                                    (%)       (g/t)         (g/t)
    -------------------------------------------------------------------------

    WZS07-001                     2.83        3.35         12.49      Infill
                                                                        Hole

    WZS07-002                     2.24        1.13          8.62    Extended
                                                                     Zone by
                                                                     80 m SE

    WZS07-003                     2.33        2.69         12.01    Extended
                                                                     Zone By
                                                                    120 m SE

    WZS07-004              Hole Abandoned due to
                            excessive deviation

    WZS07-005                  Pending     Pending       Pending      Missed
                                                                      target

    WZS07-006                  Pending     Pending       Pending    Extended
                                                                     Zone by
                                                                     50 m at
                                                                       depth


    In other news, Murgor Resources Inc. would like to invite all its
shareholders and stakeholders alike to attend its annual and special meeting
of shareholders on Thursday, October 25th, 2007 at 10:30 am Eastern Time. The
meeting will be held at the Marriott Chateau Champlain Hotel, 1 Place du
Canada, Montreal, Quebec, in Room Maisonneuve B. Murgor President,
Mr. André C. Tessier will be presenting on the advancement of the Flin Flon
Belt projects.
    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.
    Neil W. Richardson P.Geo. and Jean-Philippe Desrochers, P.Geo.
respectively Manager of Central Canada Exploration and Vice-President
Exploration for Murgor Resources Inc. are Qualified Person as defined by
NI-43-101 and are responsible for the technical information presented in this
press release.

    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., (613)
546-7503, 1-888-891-3330, Fax: (613) 546-7318, info@murgor.com,
www.murgor.com

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