Murgor's new NI 43-101 resource estimate increases the Wim copper-gold deposit by 130%



    MONTREAL, Sept. 9 /CNW/ - Murgor Resources Inc. (MGR: TSX-V) today
announced the results of a new National Instrument 43-101 compliant resource
estimate on the Company's Wim copper-gold deposit in Manitoba.
    The new resource estimate at Wim highlights a 130% increase in tonnage
over historical estimates 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 new mineral
resource has been upgraded to the Indicated category. Work was carried-out by
Golder Associates Ltd, an internationally recognized consultant firm for
Murgor.
    "Two years ago, Murgor optioned this project with an historical resource
of 1.39 million metric tonnes. Since this time, Murgor has MORE THAN DOUBLED
this resource and successfully defined 85% of the new resource in the
Indicated category. More importantly, while the deposit remains largely open
at depth, the growth of the deposit to date was achieved towards the surface,
significantly improving the economics of this project," said André Tessier,
President and CEO of Murgor Resources "The Wim resource estimate combined with
the recent news at the Hudvam deposit, shows Murgor's commitment to bringing
these excellent potential projects to the next stage in the very near term."

    
    The newly estimated mineral resource 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
    -------------------------------------------------------------------------


    ------------------------------------------------------
                          CONTAINED METAL(xx)
       Cu (lb)          Zn (lb)      Au (oz)     Ag (oz)
    ------------------------------------------------------
    118,763,000       18,365,000     168,000     672,000
     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
    -------------------------------------------------------------------------


    ------------------------------------------------------
                          CONTAINED METAL(xx)
      Cu (lb)           Zn (lb)     Au (oz)      Ag (oz)
    ------------------------------------------------------
    11,013,000        4,228,000      30,000       73,000
     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.
    

    This NI 43-101 compliant mineral resource estimate at Wim takes into
account the 18,266 metres in 61 drill holes completed on the property by
Murgor in 2007 and 2008, in addition to the 68 historical drill holes on the
deposit that were validated by Murgor. The resource calculated by Golder was
estimated using a density weighted inverse square distance interpolation
method, using 572 measured density values and 1,463 calculated density values
with a mean of 2.96 g/cm3. Note: Mineral resources are not mineral reserves
and do not have demonstrated economic viability.
    Due to the polymetallic nature of the Wim deposit, cut off grades are
expressed and calculated in copper equivalencies based on the following price
of metals: Copper (Cu) = USD$1.75 per pound, Zinc (Zn) = USD$0.80 per pound,
Gold (Au) = USD$700.00 per troy ounce, and Silver (Ag) = USD$10.00 per troy
ounce.
    The Wim resource estimate update, reported in this press release was
directed by Greg Grenough, P.Geo. and Paul Palmer, P.Eng, of Golder Associates
Ltd; both are Qualified Person as defined by NI-43-101. The NI 43-101
technical report will be filed on SEDAR in its entirety within 45 days
following the date of this press release.

    About the Wim Deposit:

    The Wim Deposit is located approximately 16 kilometres north of the Town
of Snow Lake Manitoba where HudBay Minerals Inc. (HBM: TSX) operates a
concentrator to process ore from the Chisel North Deposit. The concentrator
currently operates below full capacity, particularly to process copper ore.
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.

    About Murgor Resources

    Murgor Resources Inc. is a mineral exploration and development company
focused on copper, zinc and gold deposits. Late in 2006, the company signed
agreements with HudBay Minerals (TSX:HBM), acquiring the right to earn a 100%
interest in three deposits. Murgor also acquired from HudBay a 50% interest in
two highly prospective grassroots properties, covering more than
1,850 square kilometres adjacent to the Snow Lake and Flin Flon, Manitoba
mining districts. The exploration targets for Murgor consist of polymetallic
massive sulphide deposits in one of the most prolific greenstone belts in
Canada and the world.

    
        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 ---------------------------------------------------------------
    RE

SOURCE --------------------------------------------------------------- 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 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Metal Content Project ------------------------------------------------- Cu (lb) Zn (lb) Au (oz) Ag (oz) INDICATED --------------------------------------------------------------- RE

SOURCE --------------------------------------------------------------- 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 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Tonnage Grade(*) Project ------------------------------------------------- Metric Tonnes Cu% Zn% Au g/t Ag g/t INFERRED --------------------------------------------------------------- RE

SOURCE --------------------------------------------------------------- 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 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Metal Content Project ------------------------------------------------- Cu (lb) Zn (lb) Au (oz) Ag (oz) INFERRED --------------------------------------------------------------- RE

SOURCE --------------------------------------------------------------- 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 Project To view the Wim Deposit Longitudinal Section, please visit: http://files.newswire.ca/476/Murgor_Wim_Deposit.pdf 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 and CEO, MURGOR RESOURCES INC., Tel:
(613) 546-7503 or 1-888-891-3330, Fax: (613) 546-7318, E-mail:
info@murgor.com; Joanna Longo, Investor Relations - The Equicom Group, Tel:
(416) 815-0700 ext. 233 or 1-800-385-5451, Fax: (416) 815-0080, E-mail:
jlongo@equicomgroup.com

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