Murgor earns 100% interest from HudBay at the Wim copper-gold and Hudvam
gold-copper-zinc deposits in Manitoba

KINGSTON, ON, Sept. 17 /CNW Telbec/ - Murgor Resources Inc. (MGR: TSX-V) today announced the completion of all its requirements to earn a 100% interest in the Wim copper-gold deposit and the Hudvam gold-copper-zinc deposit in Manitoba, by making its final cash and share payment to HudBay Minerals Inc (HBM: TSX).

Murgor paid a cash amount of $225,000 and will issue 1,433,121 treasury shares at a price of $0.157 per share to Hudson Bay Exploration and Development Company Limited (HBED), representing the third and final anniversary payment under the previously-announced property option agreements entered into between the two companies on September 12, 2006. HBED is a wholly-owned subsidiary of HudBay Minerals Inc.

"We are very proud of our accomplishments at the Wim and Hudvam deposits," said André Tessier, President and CEO of Murgor Resources. "During three short years, and under very difficult market conditions, our exploration increased the combined resource of both deposits by a factor of 125%. The deposits are more than twice as large as they were when Murgor entered into the agreements. The increase includes a 127% increase in the gold resource of the deposits and a 65% increase in the contained copper of the deposits. Our metallurgical work at both deposits also showed the mineralization from both deposits can be treated with excellent recoveries at HudBay's existing mills. The focus is now to bring the deposits to the development stage."

Murgor will issue the shares at a price of $0.157 per share, representing the average closing price of Murgor's shares on the TSX Venture Exchange for the ten trading days prior to September 12, 2009. The issuance of the shares is subject to regulatory approval, including that of the TSX Venture Exchange.

About the Wim Deposit:

The Wim Deposit is located only 16 kilometers north of the Town of Snow Lake Manitoba where HudBay owns a concentrator that is currently on care and maintenance. The concentrator will be upgraded to treat the mineralization from the Lalor Lake Mine. The close proximity of the Wim deposit to existing infrastructure, combined with the shallow depth of the mineralization would allow for a quick development of the project with minimal capital expenditure and environmental footprint.

In the past three years, Murgor increased the tonnage at Wim by a factor of 130% including a 60% increase in the contained copper and a 170% increase in the contained ounces of gold (based on a 2.0% copper equivalent cut-off grade). Furthermore more than 85% of the mineral resource has been upgraded to the Indicated category.

Metallurgical testing of the mineralization at the Wim deposit, showed that copper recoveries of 92% are achieved, producing a final high-grade copper concentrate averaging 32.6% copper.

The most recent 43-101 compliant resource estimate at the Wim deposit was announced by Murgor in a press release dated September 09, 2008 and the complete report is available at www.murgor.com. Current mineral resource at Wim is as follows:

    
    INDICATED CATEGORY

    -------------------------------------------------------------------------
    CUT-OFF             TONNAGE                       GRADE
    GRADE*        (Metric Tonnes)     Cu        Zn        Au         Ag
    -------------------------------------------------------------------------
    2.0% Cu Equiv      2,776,787       1.94%     0.30%   1.88 g/t   7.53 g/t
    2.5% Cu Equiv.     1,805,382       2.20%     0.35%   2.30 g/t   8.56 g/t
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    CUT-OFF                              CONTAINED METAL(xx)
    GRADE*             Cu (lb)        Zn (lb)        Au (oz)       Ag (oz)
    -------------------------------------------------------------------------
    2.0% Cu Equiv     118,763,000     18,365,000       168,000       672,000
    2.5% Cu Equiv.     87,564,000     13,931,000       134,000       497,000
    -------------------------------------------------------------------------
    *  Copper equivalent grade based on US$1.75 per lb. Copper, US$0.80 per
         lb. Zn, US$700 per oz Au and US$10 per oz Ag.
    (xx) Figures rounded to nearest 1,000.


    INFERRED CATEGORY

    -------------------------------------------------------------------------
    CUT-OFF             TONNAGE                  GRADE
    GRADE*        (Metric Tonnes)     Cu        Zn        Au         Ag
    -------------------------------------------------------------------------
    2.0% Cu Equiv        445,999       1.12%     0.43%   2.11 g/t   5.06 g/t
    2.5% Cu Equiv.       219,310       1.22%     0.47%   2.57 g/t   5.55 g/t
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    CUT-OFF                              CONTAINED METAL(xx)
    GRADE*              Cu (lb)       Zn (lb)         Au (oz)       Ag (oz)
    -------------------------------------------------------------------------
    2.0% Cu Equiv       11,013,000     4,228,000        30,000        73,000
    2.5% Cu Equiv.       5,899,000     2,272,000        18,000        39,000
    -------------------------------------------------------------------------
    *  Copper equivalent grade based on US$1.75 per lb Copper, US$0.80 per
         lb Zn, US$700 per oz Au and US$10 per oz Ag.
    (xx) Figures rounded to nearest 1,000.
    

About the Hudvam Deposit:

The Hudvam deposit is located 47 kilometres north-east of the Town of Flin Flon Manitoba, where HudBay Minerals Inc. operates a concentrator, a copper smelter and a zinc plant. The deposit already has an access ramp, nearly 250 metres long, that could be rehabilitated for quick development of the deposit, with low capital expenditures.

In the past three years, Murgor increased the tonnage of the Hudvam deposit by 113%, including a 40% increase in the gold resource and a conversion of more than 70% of the resource to the Indicated category. Furthermore, Murgor made a new discovery in 2008, intersecting 5.82 metres of massive sulphide mineralization grading 2.17 g/t Au, 1.11% Cu, 0.76% Zn and 13.30 g/t Ag. The new discovery is located between lenses No. 3 and No. 1, and 275 meters from any known mineralization. The new discovery will be followed-up in the fall of 2009.

Metallurgical testing of the Hudvam mineralization showed that copper recoveries of 89% are achieved and captured into a high-grade concentrate averaging 30% copper. Gold recoveries average 56% by flotation and 67.1% with the addition of a gravity concentrator. Gold grades in the copper concentrate are extremely high, averaging 51 g/tonne gold.

The most recent 43-101 compliant resource estimate at Hudvam was announced by Murgor in a press release dated August 28, 2008 and the complete report is available at www.murgor.com. Current mineral resource at Hudvam is as follows:

    
    INDICATED CATEGORY

    -------------------------------------------------------------------------
    CUT-OFF             TONNAGE                       GRADE
    GRADE*        (Metric Tonnes)     Cu        Zn        Au         Ag
    -------------------------------------------------------------------------
    2.0% Cu Equiv        854,076       1.22%     1.78%   3.82 g/t  13.84 g/t
    2.5% Cu Equiv.       680,657       1.38%     1.98%   4.33 g/t  15.38 g/t
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    CUT-OFF                              CONTAINED METAL(xx)
    GRADE*            Cu (lbs)       Zn (lbs)        Au (oz)       Ag (oz)
    -------------------------------------------------------------------------
    2.0% Cu Equiv      23,008,000     33,541,000       105,000       380,000
    2.5% Cu Equiv.     20,640,000     29,654,000        95,000       337,000
    -------------------------------------------------------------------------
    *  Copper equivalent grade base on US$1.75 per lbs Copper, US$0.80 per
         lbs Zn, US$700 per oz Au and US$10 per oz Ag.
    (xx) Figures rounded to nearest 1,000.


    INFERRED CATEGORY

    -------------------------------------------------------------------------
    CUT-OFF             TONNAGE                       GRADE
    GRADE*        (Metric Tonnes)     Cu        Zn        Au         Ag
    -------------------------------------------------------------------------
    2.0% Cu Equiv        502,901       0.79%     1.33%   3.25 g/t   6.96 g/t
    2.5% Cu Equiv.       338,557       0.85%     1.46%   3.96 g/t   7.36 g/t
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    CUT-OFF                              CONTAINED METAL(xx)
    GRADE*            Cu (lbs)       Zn (lbs)         Au (oz)       Ag (oz)
    -------------------------------------------------------------------------
    2.0% Cu Equiv       8,759,000     14,746,000        53,000       113,000
    2.5% Cu Equiv.      6,345,000     10,898,000        43,000        80,000
    -------------------------------------------------------------------------
    *  Copper equivalent grade base on US$1.75 per lbs Copper, US$0.80 per
         lbs Zn, US$700 per oz Au and US$10 per oz Ag.
    (xx) Figures rounded to nearest 1,000.
    

About Murgor Resources

Murgor Resources Inc. is a mineral exploration and development company focused on copper, zinc and gold deposits. The company is earning a 100% interest in three deposits, adjacent to the Snow Lake and Flin Flon mining districts of Manitoba, from HudBay Minerals Inc. (TSX:HBM). Murgor is also exploring an exceptional portfolio of gold properties in proven mining districts of Canada, owns a 1% NSR royalty in the Barry Gold Mine and an interest in the advanced Windfall Gold Project in Quebec.

    
        The table below shows the total 43-101 compliant resource for
                   Murgor's Hudvam, Wim and Fon deposits.

    -------------------------------------------------------------------------
                                Tonnage                  Grade*
                Project     -------------------------------------------------
                             Metric Tonnes     Cu%     Zn%   Au g/t   Ag g/t
               --------------------------------------------------------------
    INDICATED   Hudvam             854,076    1.22    1.78     3.82    13.84
    RESOURCE   --------------------------------------------------------------
                Wim              2,776,787    1.94     0.3     1.88     7.53
               --------------------------------------------------------------
               --------------------------------------------------------------
                  TOTAL        141,770,164
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
                                              Metal Content
                Project    --------------------------------------------------
                              Cu (lb)      Zn (lb)      Au (oz)      Ag (oz)
               --------------------------------------------------------------
    INDICATED   Hudvam      23,007,640   33,541,359     104,930      379,928
    RESOURCE   --------------------------------------------------------------
                Wim        118,762,524   18,365,339     167,838      672,246
               --------------------------------------------------------------
               --------------------------------------------------------------
                  TOTAL    141,770,164   51,906,698     272,768    1,052,174
    -------------------------------------------------------------------------



    -------------------------------------------------------------------------
                                Tonnage                  Grade*
                Project     -------------------------------------------------
                             Metric Tonnes     Cu%     Zn%   Au g/t   Ag g/t
               --------------------------------------------------------------
    INFERRED    Hudvam             502,901    0.79    1.33     3.25     6.96
    RESOURCE   --------------------------------------------------------------
                Wim                445,999    1.12    0.43     2.11     5.06
               --------------------------------------------------------------
                Fon              4,543,126    0.25    3.73        -    10.88
               --------------------------------------------------------------
               --------------------------------------------------------------
                  TOTAL          5,492,026
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
                                              Metal Content
                Project    --------------------------------------------------
                              Cu (lb)      Zn (lb)      Au (oz)      Ag (oz)
               --------------------------------------------------------------
    INFERRED    Hudvam       8,758,802   14,745,831      52,548      112,534
    RESOURCE   --------------------------------------------------------------
                Wim         11,012,528    4,228,024      30,256       72,556
               --------------------------------------------------------------
                Fon         25,039,440  373,588,445           -    1,752,761
               --------------------------------------------------------------
               --------------------------------------------------------------
                  TOTAL     44,810,770  392,562,301      82,804    1,937,851
    -------------------------------------------------------------------------
    * Based on a 2.0% copper equivalent cut-off grade at Wim and Hudv am,
        and a 1.0% Zn cut-off grade at Fon
        For statement of resources, see Murgor Press Releases: Feb. 20, 2007
        for Fon; Aug. 28, 2008 for Hudvam and Sept. 09, 2008 for Wim.
    

For statement of resources, see Murgor Press Releases: Feb. 20, 2007 for Fon; Aug. 28, 2008 for Hudvam and Sept. 09, 2008 for Wim.

Dr. Jean-Philippe Desrochers, P.Geo. and Vice-President of Exploration for Murgor Resources Inc. is a Qualified Person as defined by NI-43-101 and reviewed 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.

    
    Neither TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of this 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

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