Montreal, Quebec, September 09, 2008. Murgor Resources Inc. (MGR: TSX-V) today announced the results of a new National Instrument 43-101 compliant resource estimate on the Company’s Wim copper-gold deposit in Manitoba.

The new resource estimate at Wim highlights a 130% increase in tonnage over historical estimates including a 60% increase in the contained copper and a 170% increase in the contained ounces of gold (based on a 2.0% copper equivalent cut-off grade). Furthermore more than 85% of the new mineral resource has been upgraded to the Indicated category. Work was carried-out by Golder Associates Ltd, an internationally recognized consultant firm, for Murgor.

“Two years ago, Murgor optioned this project with an historical resource of 1.39 million metric tonnes. Since this time, Murgor has MORE THAN DOUBLED this resource and successfully defined 85% of the new resource in the Indicated category. More importantly, while the deposit remains largely open at depth, the growth of the deposit to date was achieved towards the surface, significantly improving the economics of this project,” said André Tessier, President and CEO of Murgor Resources “The Wim resource estimate combined with the recent news at the Hudvam deposit, shows Murgor’s commitment to bringing these excellent potential projects to the next stage in the very near term.”

The newly estimated mineral resource is as follows:

INDICATED CATEGORY

* Copper equivalent grade based on US$1.75 per lb. Copper, US$0.80 per lb. Zn, US$700 per oz Au and US$10 per oz Ag.
** Figures rounded to nearest 1,000.

INFERRED CATEGORY

* Copper equivalent grade based on US$1.75 per lb Copper, US$0.80 per lb Zn, US$700 per oz Au and US$10 per oz Ag.
** Figures rounded to nearest 1,000.

This NI 43-101 compliant mineral resource estimate at Wim takes into account the 18,266 metres in 61 drill holes completed on the property by Murgor in 2007 and 2008, in addition to the 68 historical drill holes on the deposit that were validated by Murgor. The resource calculated by Golder was estimated using a density weighted inverse square distance interpolation method, using 572 measured density values and 1,463 calculated density values with a mean of 2.96 g/cm3. Note: Mineral resources are not mineral reserves and do not have demonstrated economic viability.

Due to the polymetallic nature of the Wim deposit, cut off grades are expressed and calculated in copper equivalencies based on the following price of metals: Copper (Cu) = USD$1.75 per pound, Zinc (Zn) = USD$0.80 per pound, Gold (Au) = USD$700.00 per troy ounce, and Silver (Ag) = USD$10.00 per troy ounce.

The Wim resource estimate update, reported in this press release was directed by Greg Grenough, P.Geo. and Paul Palmer, P.Eng, of Golder Associates Ltd; both are Qualified Person as defined by NI-43-101. The NI 43-101 technical report will be filed on SEDAR in its entirety within 45 days following the date of this press release.

About the Wim Deposit:

The Wim Deposit is located approximately 16 kilometres north of the Town of Snow Lake Manitoba where HudBay Minerals Inc. (HBM: TSX) operates a concentrator to process ore from the Chisel North Deposit. The concentrator currently operates below full capacity, particularly to process copper ore. The close proximity of the Wim deposit to existing infrastructure, combined with the shallow depth of the mineralization would allow for a quick development of the project with minimal capital expenditure and environmental footprint.

About Murgor Resources

Murgor Resources Inc. is a mineral exploration and development company focused on copper, zinc and gold deposits. Late in 2006, the company signed agreements with HudBay Minerals (TSX:HBM), acquiring the right to earn a 100% interest in three deposits. Murgor also acquired from HudBay a 50% interest in two highly prospective grassroots properties, covering more than 1,850 square kilometres adjacent to the Snow Lake and Flin Flon, Manitoba mining districts. The exploration targets for Murgor consist of polymetallic massive sulphide deposits in one of the most prolific greenstone belts in Canada and the world.