EAGLE RIVER

Murgor has not carried-out any exploration work at the Eagle River property since the fall of 2005 The summer 2005 exploration program at Eagle River consisted of property-scale geological mapping and prospecting carried-out simultaneously with a B-horizon soil survey. The soil surveys were designed to cover ground and helicopter-borne electromagnetic conductors. Zones of interest were later tested by mechanical trenching during the fall of 2005. Only a few conductors were explained by surface prospecting. Samples of exhalative units near those conductors returned assays of up to 0.05% Cu and 0.2% Zn. A number of strong B-horizon soil anomalies were located over EM conductors with values of up to 743 ppm for Cu, 887 ppm for Zn, 100 ppm for Pb and 25 ppb for Au. A mechanical trenching and sampling program was carried-out in the fall 2005 to test those geochemical anomalies and although sulphide zones were discovered, no significant values were encountered.

Drilling commenced and 5 holes were completed until holiday shut down. Drilling will recommence in mid-Jan/05.

Received the interpreted results from the 32 kilometers IP survey completed in late-August on the NE part of the property. A number of chargeability anomalies have been detected that need further testing.