Murgor Resources acquires eleven exploration properties from AngloGold Ashanti in Peru

    MONTREAL, Jan. 30 /CNW Telbec/ - Murgor Resources Inc. (MUG: TSX-V) is
pleased to announce that it has acquired 11 high potential exploration
properties from mining giant AngloGold Ashanti in Peru. The acquisition was
made by Murgor through Murgor Exploraciones S.A.C. its wholly owned Peruvian
subsidiary. The transaction follows a corporate decision by AngloGold Ashanti
(AGA) to reduce its early stage exploration activities in Peru.
    The exploration properties cover a total area of 27,200 hectares and are
located throughout Peru in the departments of Ancash, Amazonas, Apurimac,
Arequipa, Cusco, Huanuco, Junin, La Libertad and Lima. The properties are all
at the grassroots level and were initially acquired by AGA for their
large-scale alteration, anomalous metal values and proximity to large-scale
structures that host such world class gold deposits as Yanacocha and
    Several of the properties show indications of high sulfidation epithermal
gold-silver mineralization while others show bulk tonnage gold-copper or
gold-silver potential. Other properties within this package show potential for
large, high grade epithermal and mesothermal gold-silver veins. Old mine
workings are documented on at least three of the properties.
    Under the terms of the agreement, Murgor acquired a 100% interest in the
properties for a one time cash payment to AGA of US $90,070. AGA retains a 1%
net smelter return royalty on all the properties. There are no working
commitments on any of the properties
    Andre C. Tessier, President and CEO of Murgor Resources Inc. stated:
"Murgor is very excited with these properties and at the prospect of exploring
in Peru. The acquisition is part of a long term diversification strategy by
the company. With the HudBay acquisition, Murgor is diversifying into
volcanogenic massive sulfide zinc and copper deposits in one of the best areas
in Canada. Now, with these Peruvian acquisitions Murgor is strengthening its
gold exploration portfolio while expanding its operations in a country that is
well known for its world class epithermal gold deposits. Since there are no
work commitments on any of the Peruvian properties, Murgor will continue to
focus its immediate exploration efforts on its HudBay options, while planning
longer term exploration programs in Peru; either alone or with partners."
    In other news, Murgor is continuing its drilling program in northern
Manitoba. In order to take full advantage of optimum ice conditions, Murgor
has opted to move its three drill rigs onto the Hudvam copper-gold-zinc
deposit. Within a few weeks, one drill will be moved on the Fon deposit in
Saskatchewan and another will be relocated to the WIM deposit north of Snow

    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: André C. Tessier, President & CEO, Murgor
Resources Inc., (613) 546-7503, 1-888-891-3330, Fax: (613) 546-7318,;

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