Murgor's initial drilling results return golden surprise at the Hudvam copper-gold-zinc deposit, Manitoba.

    MONTREAL, March 11 /CNW/ - Murgor Resources Inc. (MGR: TSX-V) today
announced that it has received geochemical results from six drill holes at the
Hudvam copper-gold-zinc deposit in Manitoba. Two holes are infill drill holes
aimed at upgrading the current Mineral Resource at Hudvam from Inferred to
Measured and Indicated, and four holes are definition drill holes aimed at
extending the limits of the known mineralization. Three of the four definition
drill holes intersected ore-grade material and will ultimately increase the
resource at Hudvam. Since January of 2008, Murgor has completed 21 drill holes
at the Hudvam deposit (a total of 8,056 meters) and drilling is active on
site. Results from the next 15 drill holes completed to date are still
pending. A longitudinal section will be attached to this press release on
Murgor's website at
    The results from the first six drill holes are highlighted by unusually
high gold values that supplement the copper, zinc and silver values. Best
assay results are as follows (a complete list of results is shown at the end
of this press release):

        DDH HVS-08-22: 8.46 g/t Au, 0.50% Cu, 0.40% Zn, 4.84 g/t Ag over 2.84

        DDH HVS-08-23: 4.37 g/t Au, 4.66% Cu, 5.79% Zn, 41.23 g/t Ag over
        5.00 metres.

        DDH HVS-08-24: 12.90 g/t Au, 6.20% Cu, 3.68% Zn, 46.36 g/t Ag over
        1.14 metres.

        DDH HVS-08-26: 17.48 g/t Au, 0.34% Cu, 0.79% Zn, 23.66 g/t Ag over
        3.15 metres.

        DDH HVS-08-28: 2.63 g/t Au, 1.76% Cu, 0.14% Zn, 11.13 g/t Ag over
        1.43 metres.

    Andre C. Tessier, President & CEO of Murgor Resources reports: "These are
exceptional gold values for any gold deposit, so to obtain these gold values
in a polymetallic deposit is even more exciting. This winter's drilling
program at Hudvam has been very encouraging and additional results are
expected shortly. Metallurgical and geotechnical drill holes have been
completed in preparation for the pre-feasibility study and, infill and
definition drilling is nearly completed. We have now freed one helicopter
supported rig for exploration drilling at Murgor's grassroots projects with
another rig at Hudvam starting to drill exploration targets at the property
scale. Management and exploration staff at Murgor are looking forward to the
upcoming results."
    Murgor would also like to report that a detailed compilation and 3D
modelling of the Hudvam deposit has led to the definition of several high
priority exploration targets in the immediate area of the currently defined
copper-gold-zinc Mineral Resource at Hudvam.
    In February of 2007, Murgor completed a NI 43-101 compliant resource
estimate at Hudvam. The resource estimation doubled the historical resource
for copper and zinc and increased the gold and silver resource by more than
145% relative to historical resources. A new NI 43-101 compliant resource
estimate is planned for the summer of 2008. The current 43-101 Inferred
resource at the Hudvam deposit stands at (please see SEDAR for the full

    CUT-OFF             TONNAGE                       GRADE
    GRADE(*)             (Tons)       Cu          Zn          Au          Ag
    2% Cu Equiv(xx)   1,315,000    1.17%       1.71%    2.94 g/t   10.49 g/t

                                                   CONTAINED METAL
                               Cu (lbs)    Zn (lbs)     Au (oz)     Ag (oz)
                             30,778,000  44,720,000     111,000     403,000

    (*)  Copper equivalent grade.
    (xx) Copper equivalencies based on the
         following price of metals: Copper (Cu) = USD$1.10 per
         pound, Zinc (Zn) = USD$0.60 per pound, Gold (Au) (equal
         sign) USD$475.00 per troy ounce, and Silver (Ag) = USD
         $6.00 per troy ounce.

    The mineralization at Hudvam consists of solid sulphide to sulphide
breccia with variable amounts of gold bearing pyrite, pyrrhotite, chalcopyrite
and sphalerite. The ore lenses trend NNE and dip steeply at 75-80 degrees
towards the SE and would be amenable to long-hole mining. There is a 312 meter
long ramp at the deposit that could now be rehabilitated for quick
    The Hudvam property consists of 18 claims covering 1,714 hectares,
located approximately 47 kilometers northeast of the Town of Flin Flon in
Manitoba. Murgor is earning a 100% interest in the property from HudBay
Minerals Inc. (HBM: TSX). HudBay has the right to buyback of up to 65% of the
    Chemical analyses reported in this press release were performed by TSL
Laboratories in Saskatoon. Base metals were analyzed through atomic absorption
spectrometry after a multi acid digestion whereas gold was analyzed by fire
assay Atomic Absorption using a 30g charge, with gravimetric finish for assays
greater than 3 g/t. Sampling and analytical procedures are subject to a
comprehensive Quality Assurance and Quality Control program that includes
duplicate samples, blanks and analytical standards.
    The Qualified Person in the field, as defined by NI-43-101, was Neil W.
Richardson P.Geo. and Manager of Central Canada Exploration for Murgor
Resources Inc. Andre C. Tessier, P.Geo. (On), P.Eng. (Qc) and President CEO of
Murgor Resources is the Qualified Person responsible for this news release.

                   TABLE OF 2008 RESULTS TO DATE AT HUDVAM

    HOLE-ID    FROM     TO  LENGTH  TRUE ZONTAL    AU     AG  CU   ZN  Cu_eq
                (m)     (m)   (m)  WIDTH  WIDTH  (g/t)  (g/t) (%)  (%)   (%)
    HVS08-022 208.16  211.00  2.84  2.22  2.30   8.46   4.84 0.50 0.40  3.20
              214.87  218.35  3.48  2.73  2.83   1.11   3.82 0.45 0.38  0.93
              262.10  262.50  0.40  0.32  0.33   0.58   8.50 0.18 2.81  1.33
    HVS08-023 301.12  306.12  5.00  3.39  3.51   4.37  41.23 4.66 5.79  8.13
              332.15  334.25  2.10  1.43  1.48   3.28   1.99 0.24 0.62  1.44
              367.00  368.80  1.80  1.23  1.28   1.33  12.23 1.50 0.59  2.17
              375.25  376.75  1.50  1.03  1.07   3.14   3.72 0.30 0.22  1.34
    HVS08-024 252.15  253.29  1.14  0.74  0.77  12.90  46.36 6.20 3.68 11.56
              327.61  328.24  0.63  0.42  0.43   1.44  11.07 0.74 1.63  1.78
    HVS08-025        Metallurgical Hole - Metallurgical assays pending
    HVS08-026 205.50  208.65  3.15  2.36  2.45  17.48  23.66 0.34 0.79  5.99
              235.45  235.79  0.34  0.26  0.27 109.90   6.70 0.12 0.76 33.38
    HVS08-027                          Assays Pending
    HVS08-028 285.21  286.65  1.43  0.94  0.98   2.63  11.13 1.76 0.14  2.66
    HVS08-029                          Assays Pending
    HVS08-030                  Geotechnical Hole - No samples
    HVS08-031                        Zone is dyked out
    Copper Equivalencies based on Gold @ $600/oz, Silver @ $12.00/oz,
    Copper @ $1.50/lbs and Zinc @ $0.80/lbs

    A map of the Hudvam deposit is available at

    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:

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: Or Michael Joyner, Investor
Relations - The Equicom Group, Tel: (416) 815-0700 ext. 275, or
1-800-385-5451, E-mail:

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