• New ground to cover the NW extension of a 500m long gold in soil anomaly coinciding with a suspected weak chargeability induced polarization anomaly.

KINGSTON, ON, Oct. 16, 2014 /CNW/ - Murgor Resources Inc. (TSXV: MGR) ("Murgor") announced today that it has staked an additional 16 unit claim covering 256 hectares to cover the possible extension of a significant gold in soil anomaly at its Gullrock property in Red Lake, Ontario. The Gullrock property is contiguous with Goldcorp's Red Lake property, approximately 10 kilometres SW and on strike with the Red Lake Mine.

In July 2014, Murgor carried out a B-horizon soil geochemistry survey consisting of 535 samples to cover an area located within a SE-trending structure known as "the Mine Trend", a structural lineament that hosts the Campbell, Red Lake, Cochenour-Willans and MacKenzie Gold Mines. The soil geochemistry survey covered the same area on which a number of prospective Induced Polarization geophysical anomalies were located by Murgor in a previous survey. The soil geochemical survey outlined at least four robust gold in soil anomalies that coincide with IP anomalies.

"The Red Lake district has always been an exciting area to explore and the results from this gold in soil survey at Gullrock show great potential," said Andre Tessier, President and CEO of Murgor Resources. "It's always exciting when you can outline robust soil geochemical anomalies with geophysical anomalies and the fact that these anomalies are on strike with the Red Lake deposit makes them that much more exciting."

The anomalies are described below (see also Murgor's press release of August 18, 2014). The additional claim staked by Murgor in August 2014 was meant to cover the potential NW extension of Anomaly A.

1) Anomaly A

• 500m of strike length and up to 100m in width (open to the west).
• Gold values from 2 to 35 times background (6-95ppb gold).
• Coinciding anomalies in Ag, Te, Sn, As and Cu.
• Coinciding with a suspected weak Induced Polarization (IP) anomaly.

2) Anomaly B

• 500m of strike length and up to 150m in width.
• Gold values from 2 to 40 times background (6-108ppb gold).
• Coinciding anomalies in As, Pb and Cu.
• Coinciding with a weak chargeability and strong resistivity IP anomaly.

3) Anomaly C

• Complex shape anomaly 300m x 250m in size.
• Gold values from 2 to 28 times background (6-71ppb gold).
• Coinciding anomalies in Ag, As, Sb and Pb.
• Coinciding with a complex array of 3 IP anomalies with chargeability ranging from weak to strong and resistivity ranging from weakly conductive to resistive.

4) Anomalies D (east and west)

• Each 100m of strike length and up to 50m in width.
• Gold values from 7 to 32 times background (17-80ppb gold).
• Coinciding anomalies in Te, As, and locally Ag, Pb and Sb.
• Coinciding with a strong chargeability and conductive IP anomaly.

Future work is planned at Gullrock contingent on financing availability.

Please visit www.murgor.com for figures and maps of the soil and IP surveys at the Gullrock property under the "Project" tab.

About the Gullrock Property

Gullrock Property consist of thirteen mining claims covering 2,161 hectares adjoining Goldcorp's Red Lake property to the east, ten kilometres on strike with the Red Lake Gold Mine. The Gullrock Property covers a strike extent of over seven kilometres of what is known as the "Mine Trend", a structural lineament that hosts the Campbell, Red Lake, Cochenour-Willans and MacKenzie Gold Mines where more than 20 million ounces of gold have been mined to date (www.goldcorp.com). The Gullrock Property also covers the same stratigraphic units as the Campbell and Red Lake Mines, including mafic and ultramafic volcanic rocks of the prolific Balmer Assemblage, immediately north of the unconformity with the younger rocks of the Confederation Assemblage. The Balmer Assemblage hosts all the major producers of the Red Lake Belt. Despite the geological setting of the Gullrock Property which is very similar to the Red Lake Mine setting, the Gullrock Property has seen very limited exploration work and its exploration potential is deemed excellent.

About Murgor Resources

Murgor Resources Inc. is a mineral exploration and development Company focused on gold and copper exploration in Canada. The company owns a 100% interest in two gold-copper deposits in the Snow Lake and Flin Flon mining districts of Manitoba and a 40% interest in the Golden Arrow Gold Mine in Ontario. The Company further owns an exceptional portfolio of high potential gold properties in proven mining districts of Canada, such as the Gullrock property and its newly acquired Wydee Property. .

The table below shows the total 43-101 resource for Murgor's Hudvam and Wim deposits.

Using US$1.75 per lb Copper, US$0.80 per lb Zinc, US$700 per oz Gold and US$10 per oz Silver.
For statement of resources, see Murgor Press Releases: Aug. 28, 2008 for Hudvam and Sept. 09, 2008 for Wim.

The technical information in this news release has been reviewed by Mr. Andre C. Tessier, P.Geo, a qualified person in accordance with Canadian regulatory requirements as set out in National Instrument 43-101. Geochemical analyses were performed at Activation Laboratories Ltd in Thunder Bay Ontario. Gold was analyzed by fire assay with Atomic Absorption finish while all other elements were analyzed by total digestion ICP. Any assay greater than 3000ppb were redone with fire assay and finished using a gravimetric micro balance. To know more about Murgor's QA/QC procedure, please visit www.murgor.com/corporate-responsibility/quality-assurance-and-quality-control-qaqc-procedures.

FOR FURTHER INFORMATION ON MURGOR AND THE WYDEE PROPERTY, PLEASE VISIT MURGOR'S WEBSITE AT WWW.MURGOR.COM OR CONTACT:

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Murgor Resources Inc.