Montreal, Quebec, March 20, 2008. Murgor Resources Inc. (MGR: TSX-V) today announced that it has intersected two new zones of massive sulphide mineralization at the Hudvam copper-gold-zinc deposit in Manitoba. Both new discoveries were intersected in Murgor’s first exploration hole at the Hudvam property (drill hole HVS08-44) and all assays from this drill hole are pending. A long section and cross section of the deposit will be attached to this press release on Murgor’s website at www.murgor.com.

The first sulphide intersection was discovered at least 275 metres away from any known mineralization at the deposit, between Zone #1 and Zone #3, at a vertical depth of 300 metres. The mineralization is open in all directions and points to a large area of high potential for exploration between lenses #1 and #3 and at depth. The intersection is divided into two parts and is as follows:


The second sulphide intersection is located on a newly recognized mineralized horizon located approximately 75 metres in the stratigraphic hangingwall of the mineralization that is known to date. This new discovery was intersected at a vertical depth of approximately 375 metres and is open in all directions. The new intersection also outlines a new area of the deposit that is highly prospective for exploration. The intersection is as follows:


André C. Tessier, President & CEO of Murgor Resources said: “We are very pleased with these initial results and are awaiting assays with great anticipation. We had recognized the potential for growth at the Hudvam deposit when we first acquired the property from Hudbay and these new discoveries confirm our initial thoughts. Combined with the two zones of the deposit, already outlined by Murgor’s definition drilling, the new discoveries are suggestive of how much larger the Hudvam deposit may become. These discoveries are also a testament to the expertise of our technical team, which is now looking forward to testing more exploration targets at Hudvam and elsewhere in the belt.”

Drill Hole HVS08-44 was aimed at a geological target where a large alteration zone was projected to intersect with the mineralized horizon of lens #1. The first sulphide lens was intersected on target and consists of massive to semi-massive pyrite and pyrrhotite with visible amounts of chalcopyrite and sphalerite. The composition and texture of the new lens is typical of Zone #3, a massive, exhalative-type sulphide lens. This intersection is believed to represent the stratigraphic equivalent of the previously recognized lenses.

The second intersection also consists of massive to semi-massive pyrite and pyrrhotite with visible amounts of chalcopyrite and sphalerite, similar to Zone #3. The section contains a 1.5 metre fragment or enclave of host rock that is not mineralized. The newly recognized horizon had been intersected in the past in the upper part of the deposit, where disseminated mineralization returned assays of up to 1.78% Zn. This intersection is, however, the deepest ever on this horizon and is open is all directions.

The mineralization at both intersections is non-conductive and therefore could not be detected previously by EM methods from surface or in drill hole.

There are two other intersections of interest in drill hole HSV08-44, which consist of up to 20% disseminated sulphide (dominantly pyrite and pyrrhotite) in strongly altered volcanic rocks. These intersections are as follows:


There is insufficient information on these new mineralized zones to determine the true width of the intersections. Based on Murgor’s knowledge of the Hudvam deposit, however, the true widths are believed to be in the order of 80% of the core length.

Since January 2008, Murgor has completed more than 43 drill holes for a total of 10,475 metres at the Hudvam property. Murgor has completed the metallurgical and geotechnical drilling required for the ongoing pre-feasibility study at Hudvam. Murgor is currently drilling with two rigs at the Hudvam property. One drill rig is presently dedicated to complete the infill and definition drilling while the other drill rig is now dedicated to exploration at the property-scale.

The mineralization at Hudvam consists of solid sulphide to sulphide breccia with variable amounts of gold bearing pyrite, pyrrhotite, chalcopyrite and sphalerite. The ore lenses trend NNE and dip steeply at 75-80 degrees towards the SE and would be amenable to long-hole mining. There is a 312 metre long ramp at the deposit that could now be rehabilitated for quick development.

The Hudvam property consists of 18 claims covering 1,714 hectares, located approximately 47 kilometres northeast of the Town of Flin Flon in Manitoba. Murgor is earning a 100% interest in the property from HudBay Minerals Inc. (HBM: TSX). HudBay has the right to buyback of up to 65% of the property.

Prior to Murgor’s 2008 drilling, the NI 43-101 compliant Inferred resource at the Hudvam deposit stood at (please see SEDAR for the full report):
CUT-OFF TONNAGE GRADE CONTAINED METAL
GRADE* (Tons) Cu Zn Au Ag Cu (lbs) Zn (lbs) Au (oz) Ag (oz)
2% Cu Equiv** 1,315,000 1.17% 1.71% 2.94 g/t 10.49 g/t 30,778,000 44,720,000 111,000 403,000
*Copper equivalent grade. **Copper equivalencies based on the following price of metals: Copper (Cu) = USD$1.10 per pound, Zinc (Zn) = USD$0.60 per pound, Gold (Au) = USD$475.00 per troy ounce, and Silver (Ag) = USD$6.00 per troy ounce.

Dr. Jean-Philippe Desrochers, P.Geo and Vice-President of Exploration for Murgor Resources, and Neil W. Richardson, P.Geo. and Manager of Central Canada Exploration for Murgor Resources Inc. are the Qualified Persons in charge of this exploration program, as defined by NI-43-101. Andre C. Tessier, P.Geo. (On), P.Eng. (Qc) and President CEO of Murgor Resources is the Qualified Person responsible for this news release.


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