Murgor NI-43-101 Resource estimate shows larger copper-gold resource at the Wim deposit in Manitoba.



    MONTREAL, March 12 /CNW Telbec/ - Murgor Resources Inc. (MUG: TSX-V) is
pleased to announce the results of a preliminary National Instrument 43-101
compliant resource estimate of the Wim copper-gold deposit in Manitoba.
    The resource estimate was carried-out by AMEC Americas Limited for Murgor
to substantiate the historical resource reported for the deposit. The
resources estimated by AMEC at Wim have been classified as Inferred.
    Due to the polymetallic nature of the Wim deposit, cut off grades were
calculated in 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. AMEC
assumes that the Wim Deposit will be mined by underground methods and the
results of the total resource estimate using a base case of 2% Cu cut-off are
as follows:
    
    -------------------------------------------------------------------------
           CUT-OFF      TONNAGE                       GRADE
           GRADE(*)     (Tonnes)      Cu           Zn       Au         Ag
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    2% Cu Equiv(xx)   2,062,000     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) Base case Inferred Resource estimate based on assumed underground
         mining methods.

    André C. Tessier, President & CEO of Murgor Resources says: "Murgor has
now completed NI 43-101 resource estimate on the Wim, Hudvam and Fon deposits
and all three have exceeded the historical estimations. As we stated before,
we knew the historical resource estimates were conservative and so far this
has been confirmed on all three deposits. The next step for Murgor is to
upgrade the resources to indicated and measured categories and to expand on
these existing resources. This will be achieved through extensive drilling
that started in January 2007. There are also two NI 43-101 resource estimates
due on the Abbott Lake and Tyr deposits."
    The resource calculated by AMEC was estimated using an inverse distance
squared interpolation method, modeled on 53 drill holes and using a density of
3.33 g/cm3 for the ore. This NI 43-101 compliant estimate shows an increased
resource of nearly 10% for copper more than 40% for gold, relative to the
historical resource. AMEC's work also highlighted key areas for drill-testing
to upgrade the resource confidence category.
    The Wim Deposit is located approximately 14 kilometers north of the Town
of Snow Lake Manitoba where HudBay Minerals Inc. (HBM: TSX) operates a
concentrator that is presently processing ore from the Chisel North Deposit.
Also near Snow Lake, HudBay has recently announced its intension to advance
the Bur copper-zinc deposit to feasibility stage. The Wim deposit was optioned
by Murgor Resources from HudBay in September of 2006 along with the Hudvam,
Fon, Abbott Lake and Tyr deposits. An extensive exploration program is
currently underway on all of Murgor's options in the Flin Flon belt.
    To date, results of NI 43-101 compliant resource estimates have been
released for the Fon, Hudvam and Wim deposits and are pending for the smaller
Abbott Lake and Tyr deposits. The total 43-101 Inferred resource of the three
deposits is summarized below:

    -------------------------------------------------------------------------
           DEPOSIT      TONNAGE                       GRADE
                        (Tonnes)      Cu           Zn       Au         Ag
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
             WIM(*)   2,062,000     1.92%        0.26%    1.65 g/t   5.58 g/t
          HUDVAM(*)   1,193,000     1.17%        1.71%    2.94 g/t  10.49 g/t
            FON(xx)   4,543,126     0.25%        3.73%       -      10.88 g/t
    -------------------------------------------------------------------------
         TOTAL(xxx)   7,798,000
    -------------------------------------------------------------------------
                                                CONTAINED METAL
                                  Cu(lbs)      Zn(lbs)   Au(oz)     Ag(oz)
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                              87,333,000   11,943,000  110,000    370,000
                              30,778,000   44,720,000  111,000    403,000
                              25,039,440  373,588,445        -  1,752,761
    -------------------------------------------------------------------------
         TOTAL(xxx)          143,150,000  430,251,000  221,000  2,526,000
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    (*)   Based on 2% Copper equivalent cut-off grade. Base case Inferred
          Resource estimate based on assumed underground mining methods.
    (xx)  Based on 1% Zinc cut-off grade. Tonnage converted to metric tonnes.
    (xxx) Figures rounded to nearest 1,000.
    

    The resource estimate reported in this press release was directed by
Richard Kilpatrick, P.Geo, of AMEC Americas Ltd and a Qualified Person as
defined by NI-43-101. Andre C. Tessier, P.Geo. (On), P.Eng. (Qc) and President
& CEO of Murgor Resources Inc. is the Qualified Person responsible for the
preparation of this news release. As required by NI 43-101 regulations, the
resource estimate report will be filed on SEDAR in its entirety within 45 days
following the date of 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 or 1-888-891-3330, Fax: (613) 546-7318, info@murgor.com; Web site:
www.murgor.com

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