Murgor Resources and Eagle Hill Exploration acquire additional ground at Windfall Lake

KINGSTON, ON, March 29 /CNW Telbec/ - Murgor Resources Inc. (TSX-V : MGR) announces that it has acquired two additional properties in a 50-50 joint venture partnership with Eagle Hill Exploration (TSX-V : EAG) adjacent to Eagle Hill's Windfall Lake Property in North-Western Quebec. The properties cover a total of 1,078 hectares and are contiguous to the east with the Windfall Lake property. Murgor will be operator of the project.

The Windfall East Property was acquired through staking and consists of four claims covering an area of 64 hectares. The property is not subject to any royalty.

The Rousseau Property consists of 18 claims covering an area of 1,014.7 hectares. Under the terms of an agreement dated March 24th, 2010, Murgor will acquire a 50% interest in the property by making a cash payment of $5,000 on signing of the agreement and by issuing 300,000 common shares to the vendor upon regulatory approval of the transaction. The vendor retains a 2% Net Smelter Return royalty of which Murgor and Eagle Hill will have the right to buy back 1% at anytime for $1,000,000. Murgor and Eagle Hill will also have a first right of refusal to buy back the remaining 1% NSR royalty. The acquisition is subject to regulatory approval.

About Murgor Resources

Murgor Resources Inc. is a mineral exploration and development company focused on copper, gold and zinc in Canada. The company owns a 100% interest in two deposits, adjacent to the Snow Lake and Flin Flon mining districts of Manitoba, and is earning a 100% interest in the Fon zinc deposit in Saskatchewan. The deposits were initially optioned from HudBay Minerals Inc. (TSX:HBM). Murgor is also exploring an exceptional portfolio of gold properties in proven mining districts of Canada such as the Red Lake Gold District of Ontario and the Chibougamau Gold-Copper District of Quebec.