Murgor Resources announces final closing of private placement of $753,379 to
explore its Manitoba and Ontario properties

KINGSTON, ON, April 1 /CNW Telbec/ - Murgor Resources Inc. (TSX-V : MGR) announces that it has completed a second and final closing of its previously-announced private placement in the amount of $370,700 by issuing 2,059,442 "flow-through" common shares at a price of $0.18 per share. Murgor will use the proceeds from this placement to explore its wholly-owned grassroots copper-gold projects in Manitoba and its new Red Lake gold properties in Ontario.

The sale of the 2,059,442 "flow-through" common shares represents the final tranche of a private placement of 4,185,442 "flow-through" common shares, for gross proceeds to Murgor of $753,379.56.

In connection with the private placement, Murgor paid finders' fees to registered persons, in an amount equal to 7% of the proceeds from the sale of the "flow-through" shares through such registered persons.

The common shares issued by Murgor under the private placement are subject to a four-month hold period, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. Following the final closing of the private placement, Murgor will have 66,029,868 outstanding common shares.

About Murgor Resources

Murgor Resources Inc. is a mineral exploration and development company focused on copper, gold and zinc in Canada. The company owns a 100% interest in two deposits, adjacent to the Snow Lake and Flin Flon mining districts of Manitoba, and is earning a 100% interest in the Fon zinc deposit in Saskatchewan. The deposits were initially optioned from HudBay Minerals Inc. (TSX:HBM). Murgor is also exploring an exceptional portfolio of gold properties in proven mining districts of Canada such as the Red Lake Gold District of Ontario and the Chibougamau Gold-Copper District of Quebec.

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

    
    INDICATED RESOURCE
    -------------------------------------------------------------------------
                  Tonnage                       Grade*
    Project   ---------------------------------------------------------------
                   Metric                                    Au           Ag
                   Tonnes        Cu %          Zn%          g/t          g/t
    -------------------------------------------------------------------------
    Hudvam        854,076        1.22         1.78         3.82        13.84
    -------------------------------------------------------------------------
    Wim         2,776,787        1.94          0.3         1.88         7.53
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    TOTAL       3,630,863
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------


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



    INFERRED RESOURCE
    -------------------------------------------------------------------------
                  Tonnage                       Grade*
    Project   ---------------------------------------------------------------
                   Metric                                    Au           Ag
                   Tonnes        Cu %          Zn%          g/t          g/t
    -------------------------------------------------------------------------
    Hudvam        502,901        0.79         1.33         3.25         6.96
    -------------------------------------------------------------------------
    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
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------


    INFERRED RESOURCE
    -------------------------------------------------------------
                                 Metal Content
    Project   ---------------------------------------------------
                    Cu           Zn           Au           Ag
                   (lb)         (lb)         (oz)         (oz)
    -------------------------------------------------------------
    Hudvam      8,758,802   14,745,831       52,548      112,534
    -------------------------------------------------------------
    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 Hudvam,
        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.
    

Andre C. Tessier, P.Geo., P.Eng. and President & CEO for Murgor Resources Inc. is a Qualified Person as defined by NI-43-101 and is 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.

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, E-mail: info@murgor.com, Web site: www.murgor.com

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Murgor Resources Inc.

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