Montreal, Québec - April 24, 2008 ? Murgor Resources Inc. (TSX-V: MGR) announces that it intends to effect a private placement in a maximum amount of $2.3 million to ?accredited investors? in Canada. In the private placement, Murgor intends to issue a maximum of 2.6 million ?flow-through? common shares at a price of $0.50 per share, for maximum proceeds to Murgor of $1.3 million, and a maximum of 2,631,578 units at a price of $0.38 per unit, for maximum proceeds to Murgor of $1.0 million. Each unit will be comprised of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional common share at a price of $0.60 for a period of two years.

In the event that the closing price of Murgor?s common shares on the TSX Venture Exchange for any period of 20 consecutive trading days, commencing not less than three months from the closing date of the private placement, is $0.75 or more, the exercise period of the warrants will be shortened from two years to a period ending 30 days after the last day of the 20 consecutive trading days, unless the warrants would otherwise expire prior thereto.

Murgor will use the proceeds from the placement of the flow-through shares on its properties in Manitoba and Saskatchewan. The proceeds from the placement of the units will be added to Murgor?s working capital.

The flow-through shares, and the common shares and warrants comprised in the units, will be subject to a four-month ?hold period? from the date of closing under applicable securities laws in Canada.

In connection with the private placement, Murgor will pay a cash commission to registered persons in an amount equal to 7% of the proceeds from the sale of the units and flow-through shares, and grant ?broker warrants? to such persons entitling them to purchase a number of units and flow-through shares equal to 7% of the number units and flow-through shares, respectively, sold in the private placement.

The private placement is subject to regulatory approval, including that of the TSX Venture Exchange.