Murgor Resources Inc. Retains Leading Investor Relations Firm

    MONTREAL, Jan. 31 /CNW/ - Murgor Resources Inc. ("Murgor or the
"Company"), (TSX-V: MGR) today announced that it has retained the Equicom
Group ("Equicom") to provide the Company with strategic investor relations and
financial communications services.
    Equicom provides strategic communications services to more than 100
public companies across a diverse range of industries. Under the terms of the
agreement, Murgor will pay Equicom a monthly retainer fee of $6,500 for
professional services. The initial contract term is 12 months. Neither Equicom
nor any of its principals has an ownership interest, directly or indirectly,
in Murgor or its securities, and Murgor has not granted Equicom or its
principals any right to acquire such an interest. Equicom is a wholly-owned
subsidiary of TSX Group Inc.

    About Murgor Resources Inc.

    Murgor is a mineral exploration and development company based in Montreal
focused on Zinc, Copper and Gold exploration in Canada. The Company's
development strategy is to acquire advanced, near-term production mineral
deposits and bring them into production while exploring highly prospective
grassroots mining properties in historically prolific areas in Canada and
abroad to enhance its current resources.
    In late 2006, Murgor signed six agreements with HudBay Minerals,
acquiring the right to earn a 100% interest in three deposits with a total NI
43-101 Inferred resource of: 8,866,000 tonnes of ore, containing 143,150,000
pounds of copper, 430,251,000 pounds of zinc, 221,000 ounces of gold and
2,526,000 ounces of silver. 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. The exploration target for Murgor consists of polymetallic
Volcanogenic Massive Sulfide deposits in the Flin Flon belt of Manitoba and
Saskatchewan, one of the most prolific greenstone belt in Canada and the
world. In November of 2007, Murgor initiated two pre-feasibility studies on
the Hudvam and Wim deposits in Manitoba. Complete feasibility studies are
scheduled for completion at the end of 2008 at the Hudvam deposit and for
mid-2009 at the Wim deposit.

    About The Equicom Group

    The Equicom Group, a wholly-owned subsidiary of TSX Group Inc., is
Canada's leading Investor Relations consulting firm. With proven expertise in
developing and executing highly effective strategic communications programs,
and an extensive network of investment community contacts, Equicom specializes
in helping clients achieve their capital markets objectives. Headquartered in
Toronto, with offices in Montreal and Calgary, Equicom offers a comprehensive
suite of services including: investor relations, media relations, annual
report production, multimedia and web design, web casting, live event
management and corporate branding. For further information, please visit

    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 regulations.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this press release

    %SEDAR: 00003477E

For further information:

OR CONTACT: André C. Tessier, President & CEO, MURGOR RESOURCES INC., Tel:
(613) 546-7503 or 1-888-891-3330, Fax: (613) 546-7318, E-mail:, Web site:; Michael Joyner, Investor Relations,
THE EQUICOM GROUP, Tel: (416) 815-0700 ext 275, Email:

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