MURGOR RESOURCES INC

Murgor Resources Inc. announces that it has completed a private placement by issuing an aggregate 4,442,222 units at a price of $0.09 to SIDEX Limited Partnership, La Société de Développement de la Baie-James and to two “accredited investors” in Canada and elsewhere, for an aggregate gross proceeds to Murgor of Can$399,800. The proceeds from the private placement will be used for exploration on Murgor’s gold properties in Québec and for working capital purposes. Murgor is starting a new exploration phase at its Windfall Gold Property this week. Murgor and equal joint venture partner Freewest Resources Canada Inc. are planning extensive mechanical trenching followed by a drilling program of up to 3,000 meters in the next four months. Murgor is focussing its exploration efforts on gold-bearing NE-trending structures that remain largely unexplored. The targets include the strike extensions of an intersection of 1,327.9 g/t (42.8 ounces) gold over 4.80 meters approximately 200 meters south of the Windfall property boundary.