Montreal, Quebec, January 24, 2008.  Murgor Resources Inc. (MGR: TSX-V) is pleased to announce the results of its fall drilling program at the Wim property in northern Manitoba.  A total of fourteen drill holes (7,240 metres) were completed and one drill hole was abandoned due to excessive deviation.    All results are shown except for drill hole 15, an exploration drill hole for which results are still pending. 

“With this first drill program at Wim, Murgor is already adding to and extending the current resource by a strike length of 150 metres and the dip extent by 50 metres.  This is very encouraging.  A few weeks ago, Murgor started a 13,000 meter drill program at Wim and these exploration and development results should start coming out in the following weeks.” says Andre C. Tessier, President and CEO of Murgor Resources.  “Drilling also started at the Hudvam deposit last week, where 8,000 of drilling are planned for this winter, and another 5,000 metres of drilling is planned on our other properties in Manitoba and Saskatchewan.  2008 will be a very exciting year for Murgor.”

Eleven of the drill holes were testing the extensions of the known resource and six of these drill holes have extended the current resource by approximately 150 metres to the SE and 50 metres down dip and the zone remains open in many directions.  Two drill holes were infill drill holes. A longitudinal section of the deposit and its new extensions is shown at Murgor’s website at www.murgor.com.  Best results are as follows (a full table of results is shown at the end of this press release.):


Drill holes #5 and #7 have also intersected new gold zones within a granitic intrusion located immediately NE of the deposit.  The gold mineralization is hosted by quartz veins locally with pyrite and chalcopyrite.  These zones will be investigated with future drilling as the Wi deposit definition drilling continues.  The results from these new gold intersections are as follows:


Mineralization at the Wim deposit, consists of coarse-grained, gold-bearing massive to semi-massive sulphide (pyrite, pyrrhotite, chalcopyrite and minor sphalerite).  The mineralized zone extended from 175 metres to 720 metres below surface, over a strike length of nearly 625 metres.  The lens remains largely open in all directions.   

The current NI 43-101 compliant Inferred resource at the Wim deposit (prior to this drilling) stands at:   
 Based on 2% Copper equivalent cut-off grade. Base case Inferred Resource estimate based on assumed underground mining methods, calculated In March of 2007.

The Wim property covers approximately 28 square kilometres and is located 16 kilometres north of the Town of Snow Lake where HudBay Minerals currently operates a mill for its Chisel North Mine.  The part of the property optioned from HudBay, covers approximately 12 square kilometres but Murgor also holds a 100% interest in nine claims (not part of the HudBay option) covering the strike extensions of the Wim deposit with an additional area of 16 square kilometres.

Murgor is earning a 100% interest in the Wim property, optioned from HudBay Minerals Inc. (HBM: TSX) in September of 2006, along with the Hudvam, Fon, Abbott Lake and Tyr deposits.    Murgor is also earning a 50% interest from HudBay, in two large-scale grassroots projects covering 186,104 hectares of extremely prospective ground.  All properties are located in the prolific Flin-Flon greenstone belt of Manitoba and Saskatchewan.


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. 

Neil W. Richardson P.Geo. and Jean-Philippe Desrochers, P.Geo. respectively Manager of Central Canada Exploration and Vice-President Exploration for Murgor Resources Inc. are Qualified Person as defined by NI-43-101 and are responsible for the technical information presented in this press release.