Welcome to the June 2008 edition of Murgor’s Monthly newsletter. This newsletter provides a summary of Murgor’s key exploration activities and management decisions that have taken place during the month of May 2008 and parts of the month of June 2008. An update on upcoming activities is also provided.

This month’s report was delayed to incorporate a discussion on Murgor’s press release from yesterday about the Wim deposit.

MAY 2008 EXPLORATION ACTIVITIES:

Murgor completed its winter drilling program during the break-up months of April and May of 2008. A total of 100 drill holes were completed, totalling 30,303 metres during the winter drilling program.

After the completion of the drilling program in early May, the rest of the month was spent on demobilization of drilling equipment, completion of core logging and sampling, follow-up borehole geophysics, compilation of drill data, final three-dimensional modelling of the deposits for the upcoming 43-101 resource estimates at Wim and Hudvam, and report writing for assessment purposes.

Murgor has now received and made public all its new results from the Wim and Hudvam projects (see the press releases on the Murgor website atwww.murgor.com). Assay results from the Flin-D and Snow-H drilling programs are still pending.

All available drill hole data was sent to Golder Associates so new NI 43-101 compliant resource estimations at the Wim and Hudvam deposits can be completed this summer. The use of arms-length, independent consulting firms to do this work, is required by 43-101 regulations. Obviously, Murgor is predicting an increase of the resource, as stated in a press release dated June 18, 2008.

WIM PROPERTY:

The final assay results from the Wim drilling program were received and made public by way of a press release on June 18th, 2008. All available data was compiled and sent to Golder Associates for the new 43-101 compliant resource estimate that will take into account the large extensions of the deposit as defined during the course of our most recent drilling program. Assessment reports were completed on May 27th and were submitted to the Government of Manitoba for filing. Metallurgical work is underway and is scheduled for completion this summer.

NEW POTENTIAL RESOURCE AT WIM:

On June 18, Murgor issued a press release to inform the investment community that Murgor personnel has estimated the additional new potential at the Wim deposit, pending the new 43-101 compliant resource calculation.

The results are fantastic! Essentially, we estimate that the Wim copper-gold and silver resource may be twice as large as previously estimated, with grades over 2% copper and 2 g/t gold. This is mineralization with an in situ value of well over $200 per tonne, in a mining district where cost of mining and refining is approximately $100 per tonne.

Indeed very good and exciting results. All of us at Murgor are eagerly anticipating the new 43-101 estimate.

HUDVAM PROPERTY:

The final assay results from the Hudvam drilling program were received and were made public by way of press releases on May 8th and 15th, 2008. All available data was compiled and sent to Golder Associates for the new 43-101 compliant resource estimate. Work for the 43-101 estimate is ahead of schedule and should be available shortly. Assessment reports were completed on May 27th and were submitted to the Government of Manitoba for filing. Metallurgical work is underway and is scheduled for completion this summer.

The Hudvam drilling program was also very successful. A new zone was discovered (see press release dated May 8th, 2008) returning 2.17 g/t Au, 1.11 % Cu, 0.76% Zn, and 13.30 g/t Ag over 5.82 m. This new zone is situated 275 metres away from the known mineralization and demonstrates the potential for growth at Hudvam. Elsewhere, very high grade gold intercepts were reported in press releases dated April 22nd and May 15th, 2008. Intercepts such as:



FON PROPERTY:

Two drill holes were completed this winter at the Fon property and borehole Pulse EM surveys were completed in May.

Borehole MSK08-001 tested a large Infinitem anomaly located immediately east of the Abbott Lake copper zone. The borehole intersected 3-7% disseminated pyrite in a 10 metre wide unit of altered fragmental rhyolite. The low pyrite content does not explain the conductor but a borehole Pulse EM survey detected a strong conductor at 300 metres down the hole. This conductor is interpreted as being caused by a sizeable metallic source located below the current trace of the hole. This anomaly will be drill tested in the future.

Borehole MSK08-002 targeted a shallow VTEM anomaly in the structural footwall of a longer formational conductor, approximately two kilometres east of the Fon deposit. No significant assay results were obtained with this borehole.

FLIN-D PROJECT:

A total of 1,528.5 metres in five (5) boreholes were drilled at Flin-D in March and April 2008, and Borehole Pulse EM surveys were completed in May.

Borehole MSK08-003 aimed at testing a VTEM anomaly located approximately 1 kilometre to the east of the Tyr Cu deposit. The anomaly is explained by a 50 cm sulphide band at 104 m. All assays are pending.

Borehole MSK08-004 tested a VTEM anomaly located 5.3 kilometres west of the Tyr Cu deposit. The conductor was explained by three (3) weakly to strongly conductive sulphide bands. All assays are pending.

Borehole MSK08-005 tested a 300 metre-long VTEM anomaly with great conductivity thickness and associated with a disrupted magnetic signature. The drill hole intersected a sulphide conductor. All assays are pending.

Borehole MSK08-006 tested a ground TDEM anomaly on the northern western portion of the Flin-D project area at Gifford Bay. This borehole intersected strongly altered gneiss and the anomaly was explained by a sulphide conductor. All assays are pending. The BHPEM survey was carried-out in the hole and an off-hole conductor was detected. Additional interpretation is underway.

Borehole MSK08-007 tested the continuation of the same TDEM anomaly drilled with MSK08-006. This borehole intersected heavily altered gneiss and the anomaly was explained by a sulphide conductor. All assays are pending.

SNOW-H PROJECT:

A total of 456 metres in two (2) boreholes was completed on the Snow H project. The two boreholes were drilled in the central part of the Snow-H project area, targeted on Infinitem anomalies defined during the 2007 winter geophysical survey.

Borehole MMB08-001 was designed to follow-up an intersection of 0.57 m @ 2.69% Zn and 0.24% Cu reported in borehole ROS-10 by HudBay Minerals Inc. in 2006. The borehole intersected altered gneiss and the geophysical anomaly was explained by a sulphide conductor with quartz veins. All assays are pending.

Borehole MMB08-002 tested a ground INFINITEM anomaly south of MMB08-001. The hole intersected strongly altered gneisses and the anomaly was explained by a three (3) metre interval consisting of 5-7% pyrrhotite. All assays are pending.

FINANCING:

On May 6th, Murgor closed a private placement raising $2.3 million dollars (see press release dated May 5th, 2008). All proceeds will go to the exploration efforts in the Flin Flon belt of Manitoba and Saskatchewan.

APPOINTMENTS:

Ms. Isabelle Gauthier, CA: Vice-President Finance:

On May 14th, Murgor appointed Ms. Isabelle Gauthier to the position of Vice-President of Finance.

Ms. Gauthier is a C.A. and a graduate from Universite du Quebec a Montreal (UQAM). She has been a member of the Ordre des Comptables Agrees du Quebec since 1998. From 1996 to 2006, she worked for the Chartered Accountant firm of Raymond, Chabot, Grant, Thornton as an auditor where she gained a solid experience in management and financial reporting for mining companies. Since 2006, Ms. Gauthier has been responsible for all accounting duties with SearchGold Resources Inc. and Golden Share Mining Corporation, two public companies in the junior mining sector, based in Montreal. She is now Chief Financial Officer for both companies.

Ms. Gauthier brings over 12 years of experience in financial accounting and auditing for public companies and her hiring shows Murgor’s dedication to building a solid management team to complement the Company’s highly experienced technical team.

Mr. Mark P. Eaton: Director:

Murgor is very pleased to welcome Mr. Mark Eaton as a new Director of the Corporation.

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.

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. Eaton counts over 20 years of experience in equity capital markets specializing in the resource sector. He will be a great asset to Murgor, complementing Murgor’s experienced technical team with his knowledge of Corporate Finance and the market place.

IN CLOSING:

This last winter, Murgor has focussed particularly on the Wim and Hudvam properties to advance the projects to feasibility as soon as possible. So far, the two copper-gold projects are advancing ahead of schedule and the results are extremely rewarding. In the next few months, Murgor will continue to advance the projects with new 43-101 resource estimates that should prove an increase in the resources of both deposits. Murgor is also planning the completion of metallurgical studies at both deposits this summer.

This summer, Murgor is also concentrating on compilation work at the Fon, Flin-D / Tyr and Snow-H projects, taking into account new drilling and geophysical results gathered from November to the end of May 2008. This compilation should serve to outline new targets and better guide Murgor’s 2008-09 drilling program, as pieces of the puzzle come together.

Market conditions continue to be poor and companies such as Murgor remain grossly undervalued. Meanwhile, copper and gold prices are very strong and predicted to stay strong for at least the next decade as developing countries such as China are urbanizing. The ingredients for a bright future are there for Murgor and other future producers.

Buy low, sell high… Need I say more?

Continue to log on to www.murgor.com for more up to date details on the Corporation.

Thank you for your interest in Murgor Resources and for your continued support.

Respectfully submitted,

André C. Tessier, P.Eng, P.Geo
President, CEO
June 19, 2008.


This newsletter includes certain "forward-looking statements". All statements other than statements of historical fact, included in this newsletter, 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.