Murgor Inc

MURGOR ANNOUNCES METALLURGICAL RESULTS AT THE HUDVAM AND WIM DEPOSITS IN MANITOBA

- COPPER RECOVERIES OF 89% AND 92% PREDICTED

- CONCENTRATE OF 30% - 32.6% COPPER, 51 g/t GOLD

Montreal, Quebec, September 18, 2008. Murgor Resources Inc. (MGR: TSX-V) today announced the results of a metallurgical study on the Company’s Hudvam and Wim deposits in Manitoba.

At the Hudvam deposit, results of the locked cycle test work are highlighted by copper recoveries averaging 89% and captured into a high-grade concentrate averaging 30% copper. Gold in the feed was recovered in the copper concentrate with recoveries averaging 56% by flotation alone. Gold grades in the copper concentrate are extremely high, averaging 51 g/tonne gold. The addition of a gravity concentrator prior to flotation increases the gold recoveries to 67.1% and additional optimization test work has been recommended to further increase gold recoveries At the Wim deposit, copper recovery was on average 92% from the feed with a final high-grade copper concentrate averaging 32.6% copper. At this time, test work is incomplete to report gold recoveries at Wim.

Murgor President and CEO Andre Tessier noted: “These results, combined with the new 43-101 resource estimates recently released by Murgor, further demonstrate that the size and quality of the resource at the Hudvam and Wim deposits continue to grow. The results show that metal recoveries at Hudvam and Wim will be comparable to those achieved by HudBay Minerals at the Flin Flon mill, while producing a higher grade copper concentrate with a very high gold content. These positive metallurgical results bring Murgor one step closer to capitalize on the high copper and gold prices and the strong world-wide demand for copper concentrate.”

Test work was conducted by G&T Metallurgical Services Ltd. of Kamloops, British Columbia, Canada. G&T is a highly reputable independent laboratory with more than 18 years experience in the field. The Hudvam and Wim metallurgical work by G&T was managed by Thomas Shouldice P.Eng, a Qualified Person under national Instrument 43-101.

Test Work Details for Hudvam:

A total of six separate composite samples were prepared from 2008 drill core at the Hudvam deposit, representative of the two ore lenses of the deposit. Dilution was introduced with the mineralized samples to simulate mining conditions.

The Bond Work Index testing performed on the samples averaged results of 15.1 kW-Hr per metric tonne.

The metallurgical test work was performed on feed samples ground to a nominal 91µm K80 grind size. The locked cycle test work predicted that copper recoveries will range between 87.3% and 90.6% with an expected average recovery rate of 89%. The copper thereby captured results in a concentrate that averages 30% copper for shipment to a smelter. An average of 56% of the gold is recovered in the copper concentrate which grades 51 g/tonne Au. Zinc in the feed was on average 70% recovered into a final concentrate grading 48% zinc.

Test Work Details for Wim:

Two separate and representative composite samples were collected from the 2008 drill core of the single ore lens at the deposit. Approximately 10% dilution was introduced with the mineralized samples to simulate mining conditions.

The preliminary batch flotation test work was performed on feed samples ground to a nominal 100 µm K80 grind size. The test work predicts that copper recoveries will range between 88.8% and 98.2% with an expected average recovery of 92%. The concentrate grade was on average 32.5% copper.

About the Hudvam Deposit:

The Hudvam deposit is located 47 kilometres north-east of the Town of Flin Flon Manitoba, where HudBay Minerals Inc. operates a concentrator, a copper smelter and a zinc plant. The deposit already has an access ramp, nearly 250 metres long, that could be rehabilitated for quick development of the deposit, with low capital expenditures. On August 28, 2008 Murgor released the results from a new 43-101 compliant resource estimate at the Hudvam deposit. This new estimate shows that Murgor increased the tonnage of the deposit by 113% over the historical resource, with over 70% of the resource in the Indicated category.

The newly estimated mineral resource at Hudvam is as follows:

INDICATED CATEGORY

------------------------------------...

CUT-OFF TONNAGE GRADE CONTAINED METAL**

GRADE* ( Metric Tonnes) Cu Zn Au Ag Cu (lb) Zn (lb) Au (oz) Ag (oz)

------------------------------------...

2.0% Cu Equiv 854,076 1.22% 1.78% 3.82 g/t 13.84 g/t 23,008,000 33,541,000 105,000 380,000

2.5% Cu Equiv. 680,657 1.38% 1.98% 4.33 g/t 15.38 g/t 20,640,000 29,654,000 95,000 337,000

------------------------------------...

INFERRED CATEGORY

------------------------------------...

CUT-OFF TONNAGE GRADE CONTAINED METAL**

GRADE* ( Metric Tonnes) Cu Zn Au Ag Cu (lb) Zn (lb) Au (oz) Ag (oz)

------------------------------------...

2.0% Cu Equiv 502,901 0.79% 1.33% 3.25 g/t 6.96 g/t 8,759,000 14,746,000 53,000 113,000

2.5% Cu Equiv. 338,557 0.85% 1.46% 3.96 g/t 7.36 g/t 6,345,000 10,898,000 43,000 80,000

------------------------------------...

* Copper equivalent grade base 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.

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. On September 9th, 2008 Murgor released the results from a new 43-101 compliant resource estimate at the Wim deposit. This new estimate shows that Murgor increased the tonnage of the deposit by 130% over the historical resource, with over 85% of the resource in the Indicated category.

The newly estimated mineral resource at Wim is as follows:

INDICATED CATEGORY

------------------------------------...

CUT-OFF TONNAGE GRADE CONTAINED METAL**

GRADE* ( Metric Tonnes) Cu Zn Au Ag Cu (lb) Zn (lb) Au (oz) Ag (oz)

------------------------------------...

2.0% Cu Equiv 2,776,787 1.94% 0.30% 1.88 g/t 7.53 g/t 118,763,000 18,365,000 168,000 672,000

2.5% Cu Equiv. 1,805,382 2.20% 0.35% 2.30 g/t 8.56 g/t 87,564,000 13,931,000 134,000 497,000

------------------------------------...

INFERRED CATEGORY

------------------------------------...

CUT-OFF TONNAGE GRADE CONTAINED METAL**

GRADE* ( Metric Tonnes) Cu Zn Au Ag Cu (lb) Zn (lb) Au (oz) Ag (oz)

------------------------------------...

2.0% Cu Equiv 445,999 1.12% 0.43% 2.11 g/t 5.06 g/t 11,013,000 4,228,000 30,000 73,000

2.5% Cu Equiv. 219,310 1.22% 0.47% 2.57 g/t 5.55 g/t 5,899,000 2,272,000 18,000 39,000

------------------------------------...

* 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.

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.

The table below shows the total 43-101 compliant resource for Murgor’s Hudvam, Wim and Fon deposits.

For more information, please visit Murgor’s website at www.murgor.com or contact:

André C. Tessier, President and CEO Joanna Longo

MURGOR RESOURCES INC. Investor Relations - The Equicom Group

Tel: (613) 546-7503 or 1 888 891-3330 Tel: (416) 815-0700 ext. 233 or 1 800 385-5451

Fax: (613) 546-7318 Fax: (416) 815-0080

E-mail: info@murgor.com E-mail: jlongo@equicomgroup.com

____________________________________...

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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

Désabonnement | Envoyer à un ami