Montreal, Québec – June 10, 2008 – Murgor Resources Inc. (TSX-V: MGR) is pleased to announce the appointment of Mr. Mark P. Eaton to the Board of Directors of Murgor.
Mr. Eaton is a private investor and investment professional based in Toronto, with over 20 years of experience in equity capital markets specializing in the resource sector.
Mr. Eaton is a graduate of Hull University in England. From 1985 to 1995, he worked in London, U.K. in institutional equity sales for several leading Canadian investment dealers. In 1995, Mr. Eaton worked in U.S. institutional equity sales for Tucker Anthony in Boston, then moved on to New York, where from 1996 to 1998, he served as Vice President of Global Mining Sales for Robert Fleming Ltd., a London based Merchant Bank. While at Robert Fleming Ltd., Mr. Eaton's responsibilities included the marketing of global mining and commodity research.
From 1998 to 2007, Mr. Eaton held the position of Managing Director of Global Mining Sales, a division of CIBC World Markets of Toronto Canada. During this time Mr. Eaton also held the position of Manager of U.S. Equity Sales for CIBC World Markets, building its teams in Boston and New York to market the full Canadian products and services of CIBC World Markets.
More recently, Mr. Eaton was a Partner and Director of Loewen Ondaatje McCutcheon Ltd., a Toronto-based investment dealer where he was also in charge of Sales and Research.
Mr. Eaton is also on the Board of Directors of UEX Corporation, a Vancouver-based uranium exploration company trading on the TSX.
Mr. André C. Tessier, President, CEO and Director of Murgor Resources, stated: “Murgor is very pleased with the addition of Mr. Eaton to its Board of Directors. Mr. Eaton will strengthen our Board of Directors by bringing his solid international expertise in the field of corporate finance and his invaluable knowledge of the market place. He is the perfect addition to Murgor’s highly experienced technical team.”
The company also announces that pursuant to its stock plan, it has granted 200,000 options to directors and employees. These will be exercisable at a price of $0.50 for a period of five years.
About Murgor Resources Inc.
Murgor Resources Inc. is a mineral exploration company with a focus on zinc, copper and gold exploration in Canada. In late 2006, Murgor signed six agreements with HudBay Minerals, acquiring the right to earn a 100% interest in three deposits with a total NI 43-101 Inferred resource of: 8,666,000 tons of mineralization, containing 143,150,000 pounds of copper, 430,251,000 pounds of zinc, 221,000 ounces of gold and 2,526,000 ounces of silver. Murgor has also acquired from HudBay Minerals, a 50% interest in two highly prospective grassroots properties, covering more than 1,850 square kilometres adjacent to the Snow Lake and Flin Flon mining districts. The exploration target for Murgor consists of deposits in one of the most prolific greenstone belts in Canada and the world. Murgor also benefits from its association with HudBay Minerals, one of Canada’s most successful mining companies.