Murgor Resources Inc. TSX.V : MGR, is a mineral exploration company based in Montreal, with a focus on Zinc, Copper and Gold exploration in Canada.

The Corporation’s short to mid term exploration & development strategy is to acquire advanced, near production mineral deposits to bring them to the production stage. Meanwhile, the Corporation continues to acquire and explore highly prospective grassroots mining properties in historically prolific areas in Canada and abroad to enhance its current resources.

In September and October of 2006, Murgor signed six agreements with HudBay Minerals.

Since entering the agreements with HudBay Minerals, less than two years ago, Murgor has grown its resource at Wim, Hudvam and Fon, to 9.1 million metric tonnes of mineralization containing 444.5 million pounds of zinc, 186.5 million pounds of copper, 355,500 ounces of gold and 3.0 million ounces of silver.

Murgor is also acquiring, from HudBay Minerals, a 50% interest in two highly prospective grassroots properties, covering more than 1,850 square kilometers adjacent to the Snow Lake and Flin Flon mining districts.

Greenstone Belt - The richest in Canada per km²

Murgor has an impressive portfolio of mineral deposits and exploration properties in the Flin Flon belt of Manitoba and Saskatchewan.

The Flin Flon “greenstone belt” of Manitoba and Saskatchewan is one of the most prospective areas in the world for volcanogenic massive sulphide (VMS) polymetallic mineralization deposits. All projects are located in close proximity to existing infrastructure including road and rail links, and operating concentrators in Flin Flon and Snow Lake, Manitoba.

Hudvam Deposit

A true polymetallic deposit located 47 km NE of the Town of Flin Flon. An existing 312-metre ramp could be rehabilitated to accelerate the development of the deposit towards production.

The Hudvam deposit is a priority for Murgor to attain its objective of near-term production. Underground development may start as early as 2009.

Wim Deposit

An aggressive exploration program is quickly increasing the potential of this copper-gold deposit. Consisting of one large ore lens, located 17 km north of the Town of Snow Lake, the deposit has significantly increased in size through extensive drilling during 2007 and 2008. Murgor is currently evaluating the economic potential of this deposit, considering its increased resource, with the view of producing a feasibility study by mid-2009.

Fon Deposit

A large zinc deposit consisting of multiple ore lenses located 40 km west of the Town of Flin Flon. Murgor is currently working to increase the high-grade tonnage of this deposit, and is evaluating the open-pit potential of the upper part of the deposit.

MURGOR STARTS DRILLING AT ABBOTT LAKE, SASKATCHEWAN

MGR will start a drilling program at its Fon property in Saskatchewan, on Feb. 23, 2009.

The drilling program will be testing a target defined by a large electromagnetic geophysical anomaly detected from surface by InfinitEM and confirmed by borehole Pulse EM method.

The anomaly is located less than 100 metres on strike and to the east of the Abbott Lake deposit, at a vertical depth of 400 metres. This anomaly is interpreted as having a strike extent of 600 metres and a vertical extent of up to 200 metres. It occurs down dip from a highly prospective mineralized felsic fragmental rock unit, similar in character to felsic units present at the 777 mine.

The Abbott Lake mineralization consists of sulphide stringers with pyrite, chalcopyrite and sphalerite, grading on average 2.75 per cent copper, 1.10 per cent zinc, 51.08 grams per tonne silver and 0.308 gram per tonne gold. The stringer zone is believed to represent the feeder zone to a deeper and yet to be discovered massive sulphide deposit which constitutes the drill target.

The Windfall Gold Project, Quebec, Canada

The Windfall Gold Property is part of a group of four (4) properties located within a 20 kilometres radius within the Barry-Urban greenstone belt and referred to as the Barry-Urban Projects.

Murgor Resources and equal joint venture partner Freewest Resources Canada currently hold the largest and most prospective land position in the Barry-Urban Exploration Camp.

The four (4) properties consist of 673 claims covering in excess of 245 square kilometres

Murgor owns a 50% interest in the property with equal partner Freewest Resources Canada Inc. Murgor is the operator of the project.

Since February, 2007, Noront Resources Ltd. can earn a 50% interest in 29 claims of the Windfall Property from Murgor and Freewest. Murgor and Freewest will retain a 100% interest in the remaining 184 claims of the property

Status:

In February, 2007, Murgor signed an option agreement with Noront Resources Ltd. and Freewest Resources Canada Inc. whereby Noront can earn a 50% interest in 29 claims of Murgor and Freewest's Windfall Property in Northwestern Quebec.

The 29 claims under option are located immediately north of the Noront property. Murgor and Freewest retain a 100% interest in 184 claims of the Windfall property including the NE extension of the gold bearing structures where a drilling program is planned before the spring of 2007. The objective of the agreement is to test and sample gold zones F-11 and F-17, previously discovered by Murgor and Freewest, with an underground exploration ramp that would start on the newly optioned ground.

The ramp will also provide access to a number of deeper mineralized zones on the Noront property. Under the terms of the agreement, Noront issued a total of 750,000 common shares of Noront to the Murgor-Freewest joint venture upon signing of the agreement and will be incurring exploration expenditures of $4 million, in order to earn a participating 50% interest in the claims. Noront may earn an additional 10% participating interest providing the feasibility study is positive. Drilling and preparatory work for the exploration ramp started in April of 2007.

In 2008, our joint venture partner Noront Resources completed more than 880 metres of underground development, including 108 metres of drifting in Murgor’s Gold Zone F-17. Results have been encouraging thus far, stating that numerous occurrences of large quantities of visible gold were observed underground.

2009: Status and Future Work

Murgor is planning an extensive exploration program at Windfall in 2009 aimed at exploring, among other targets, the NE extension of the structure where Noront reported an intersection of 1,327.9 g/t Gold over 4.80 meters in late 2006.

Murgor is planning a program of mechanical trenching, sampling and drilling.

At the Noront option, a 1,119 meter ramp was completed in 2008, including 32.5 meters of drifting in the F-11 Gold Zone and 102 meters of drifting in the F-17 Gold Zone. Muck samples at the F-11 Gold Zone have averaged 3.95 g/t gold whereas muck samples over a 20 meter length of the F-17 Gold Zone averaged 2.34 g/t gold.

Due to the free gold nature of the mineralization, a bulk sample will be necessary to determine the true grades of the F-11 and F-17 Gold Zones.