- Issues 1,600,000 Flow-Through Shares to Mavrix at $1.02 per Share

Murgor Resources Inc. (TSX-V: MGR) announces that it has completed a private placement by issuing 1,600,000 "flow-through" common shares to Mavrix of Toronto, Ontario at a price of $1.02 per share, for total proceeds to Murgor of $1,632,000.

Under applicable securities legislation and policies of the TSX Venture Exchange, the shares issued in the private placement are subject to a hold period expiring on April 6, 2007.

As a result of the private placement, there are 20,463,155 common shares of Murgor issued and outstanding.

"Since Murgor signed its six agreements with HudBay Minerals, Mavrix has recognized the value of Murgor's new assets and has been a strong supporter of the Corporation. Murgor is extremely pleased to count on the support of Mavrix." Says Andre C. Tessier, President and CEO of Murgor. "These funds will help Murgor to complete its definition drilling at the Hudvam and Wim deposits, in preparation for feasibility studies in 2008 and 2009. Management at Murgor is dedicated to complete this work as soon as possible to take advantage of this cycle of high metal prices."

Murgor will use the proceeds from the private placement to explore its properties in Manitoba and Saskatchewan, where Murgor has now secured a total of five drill rigs to start its exploration and definition drilling programs in January of 2008. The drills will be mobilized on the Hudvam and Wim properties in early January of 2008 where pre-feasibility studies are underway. In late-February or early-March, one drill will be moved by helicopter onto the Fon, Tyr, Flin-D and Snow-H properties to test high potential VTEM and InfiniTEM geophysical anomalies detected during the 2007 exploration programs. Exploration work in 2008 will include more than 25,000 metres of drilling, 4,500 line kilometres of helicopter borne VTEM over the Flin-D and Snow-H properties, additional deep penetration ground EM surveys and a basal till geochemical survey at Snow-H.

Meanwhile, drilling continues at the Wim property and geochemical results are pending for 10 drill holes. These results will be released as soon as they become available.

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.

SOURCE: Murgor Resources Inc.

on Murgor, please visit our website at www.murgor.com or contact: André C. Tessier, President & CEO, MURGOR RESOURCES INC., (613) 546-7503 or 1-888-891-3330, Fax: (613) 546-7318, info@murgor.com, www.murgor.com