MURGOR RESOURCES ANNOUNCES EXTENSION OF WARRANTS

OTTAWA, Nov. 4 /CNW/ - Murgor Resources Inc. (TSX-V : MGR) announces that it will extend the expiry date of 5,669,000 outstanding common share purchase warrants by one year.  The warrants were issued by Murgor in November and December 2008 by way of private placement.  Each warrant entitles the holder to acquire one common share of Murgor at a price of $0.40.

Subject to the regulatory approval, Murgor will extend the term of: (i) 600,000 warrants by one year, that is, from November 5, 2010 to November 5, 2011; (ii) 1,419,000 warrants by one year, that is, from November 24, 2010 to November 24, 2011; (iii) 2,375,000 warrants by one year, that is, from December 23, 2010 to December 23, 2011; and (iv) 1,275,000 warrants by one year, that is, from December 30, 2010 to December 30, 2011.

About Murgor Resources

Murgor Resources Inc. is a mineral exploration and development company focused on gold, copper, and zinc deposits in Canada.  The company owns a 100% interest in two deposits, adjacent to the Snow Lake and Flin Flon mining districts of Manitoba, from HudBay Minerals Inc. (TSX:HBM).  Murgor is also exploring an exceptional portfolio of gold properties in proven mining districts of Canada, owns a 1% NSR royalty in the Barry Gold Mine and an interest in the advanced Windfall Gold Project in Quebec.  Murgor also announced today its intention to purchase up to 70% interest in the Golden Arrow Gold Mine in Ontario.

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:

PLEASE VISIT MURGOR'S WEBSITE ATWWW.MURGOR.COMOR CONTACT:

André C. Tessier, President & CEO
MURGOR RESOURCES INC.
Tel: [phone] or 1-888-891-3330
E-mail: [email protected]      Web site: www.murgor.com