Murgor releases preliminary drilling results from Hudvam Deposit - Core to be displayed at PDAC Convention, Toronto March 4-7th



    MONTREAL, March 2 /CNW Telbec/ - Murgor Resources Inc. (MUG: TSX-V) is
pleased to announce the results from its first two drill holes at the Hudvam
Deposit in Manitoba. The 7,000 meter drilling program that started on
January 20th is aimed at:
    
    - Upgrading the Inferred resource by twinning some pre-existing holes and
      drilling infill holes.
    - Increasing the resource by testing extensions of the currently defined
      mineralized lenses.

    To date, results from only two drill holes have been received and the
results from 10 additional drill holes are pending. Both drill holes were
directed at Zone #3, and angles to core axis show that intersection lengths
represent true widths of mineralization.

    The table below summarizes the new results:
    -------------------------------------------------------------------------
    DDH No    LINE       STN    Az.   Incl.  L (m)           RESULT
    -------------------------------------------------------------------------
    HSV-002  29+56mN   42+00mE  317     50  133.9    2.60% Cu, 2.30% Zn,
                                                     3.24 g/t Au,
                                                     29.13 g/t Ag over 8.65m
    -------------------------------------------------------------------------
    HSV-003  29+81mN   42+34mE  317     57  105.0    0.90% Cu, 0.14% Zn,
                                                     1.59 g/t Au,
                                                     14.00 g/t Ag over 3.66m
    -------------------------------------------------------------------------
    

    Drill hole HVS-07-002 was twinning an older hole in the lower eastern
part of the mineralized lens and returned an intersection of: 8.65 meters @
2.60% Cu, 2.30% Zn, 3.24 g/t Au and 29.13 g/t Ag from 83.85 m. to 92.50 m.
Core from this drill hole will be on display at the PDAC Convention, Metro
Toronto Convention Center, on March 4-7th at Murgor's Booth #2719 on the
Investors Exchange Floor.
    The intent of drill hole HVS-07-003 was to test the eastern down-plunge
extension of the mineralized lens and to extend the zone for another
20 meters. This drill hole revealed an intersection of: 3.66 meters @ 0.90%
Cu, 0.14% Zn, 1.50 g/t Au and 14.00 g/t Ag at a depth of 72.4 meters.
    The mineralization in both holes consists of solid sulphide (pyrite,
pyrrhotite, chalcopyrite and sphalerite) to well mineralized felsic volcanic
rock. The footwall of the ore lens appears to be faulted and Murgor is now
concentrating its efforts on locating the faulted portion of the ore lens.
    The Hudvam Deposit is located approximately 47 kilometers northeast of
the Town of Flin Flon in Manitoba and was optioned by Murgor Resources from
HudBay Minerals Inc. (HBM: TSX) in September of 2006. Murgor has the exclusive
right to acquire a 100% interest in the Hudvam property from HudBay. The
Hudvam Deposit is located at the heart of the Hudvam property which consists
of 18 claims covering 1,714 hectares. In 1988, Mingold Resources Inc.
completed a 312 meter long ramp during an underground exploration and
development program. The ramp could now be rehabilitated for quick
development.
    Results of a preliminary NI 43-101 compliant resource estimate at Hudvam
were released by Murgor on February 28th, 2007. The resources estimate
indicates an inferred resource of 1,193,000 metric tonnes @ a grade of 1.17%
Cu, 1.71% Zn, 2.94 g/t Au and 10.49 g/t Ag (based on a 2% copper equivalent
cut-off grade).
    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 Person in the field, as defined by NI-43-101, was Neil W.
Richardson P.Geo. and Manager of Central Canada 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 the preparation of
this news 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,
www.murgor.com

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