Murgor Resources to make property option payment



    MONTREAL, Sept. 24 /CNW Telbec/ - Murgor Resources Inc. (TSX-V: MUG)
announces that it will issue 203,488 treasury shares and make a cash payment
of $35,000 to Hudson Bay Exploration and Development Company Limited (HBED),
representing a first-anniversary payment under four 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.
The properties cover a total area of 5,368 hectares in the Flin Flon and
Snow Lake districts in Manitoba and Saskatchewan.
    Murgor will issue the shares at a deemed price of $0.172 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, 2007. The issuance of
the shares is subject to regulatory approval, including that of the TSX
Venture Exchange.

    ABOUT MURGOR RE

SOURCES: Murgor Resources is a mineral exploration company based in Montreal, with a focus on Zinc, Copper and Gold exploration in Canada and more specifically in the Flin Flon greenstone belt of northern Manitoba and Saskatchewan. In the fall of 2006, Murgor signed six agreements with HudBay Minerals Inc. (HBM: TSX), acquiring the right to earn a 100% interest in three deposits with the following NI 43-101 Inferred resource: ------------------------------------------------------------------------- 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 ------------------------------------------------------------------------- ------------------------------------------------------------------------- ------------------------------------------------------------------------- DEPOSIT CONTAINED METAL Cu (lbs) Zn (lbs) Au (oz) Ag (oz) ------------------------------------------------------------------------- WIM(*) 87,333,000 11,943,000 110,000 370,000 HUDVAM(*) 30,778,000 44,720,000 111,000 403,000 FON(xx) 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. Converted to metric tonnes. (xxx) Figures rounded to nearest 1,000. Murgor is also acquiring, from HudBay Minerals, a 50% interest in two highly prospective grassroots properties, covering more than 1,850 square kilometers adjacent to the Snow Lake and Flin Flon mining districts. Murgors short to mid-term objective is to complete a feasibility study on the Hudvam and Wim deposits, respectively by the end of 2008 and by the third quarter of 2009, while continuing to improve the resource at the Fon deposit and exploring grassroots properties of the Flin Flon belt to increase its resources. Murgor is currently drilling at the Wim deposit, north of the Town of Snow Lake, Manitoba and is expecting preliminary results within two weeks. Andre C. Tessier, P.Geo and President & CEO of Murgor Resources Inc. is the Qualified Person responsible for 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: Murgor, please visit our 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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