April 10, 2006 07:39 ET

Murgor Increases Ni-43-101 Gold Resource at the Barry Gold Deposit, NW Quebec

MONTREAL, QUEBEC--(CCNMatthews - April 10, 2006.) - Murgor Resources Inc. (TSX VENTURE:MUG) is pleased to announce the results of a new National Instrument 43-101 compliant resource estimate for the Barry Gold deposit, NW Quebec.

Since the results of a first resource estimate were released on the Barry Deposit (see press release, February 07, 2006), a total of 32 drill holes (1,409 meters) were completed on the deposit and a number of drill holes that were left un-sampled by previous joint venture partners were assayed. The new 43-101 compliant resources estimate calculation presented here takes this new data into account.

The resource estimate was carried-out by Geostat Systems International Inc. on the Main Zone and adjacent parts of Zones 43 and 45 of the Barry Gold Deposit. Mineralized Zones 48 and 51, and parts of Zones 43 and 45 have not been estimated due to a lack of drill information. The new resource estimate represents a 122% increase in the total gold resource calculated in February of 2006. The new resource estimate as calculated with a high cut-off grade of 2.0 g/t Au, is summarized below:

Indicated Resource 269,000 mt 4.10 g/t Au 35,500 oz.
Inferred Resource 450,000 mt 4.68 g/t Au 67,600 oz.

The gold resource was estimated by kriging on regular blocks inside the mineralized envelopes. Gold values were assigned to the computer generated blocks (3 m. in easting by 3 m. in northing by 3 m. in elevation) using 1.5 m. composite samples calculated from gold assay datasets of all drill holes on the deposit. The resource estimate was calculated using a specific gravity of 2.80 g/cm3. The mineralization lies from surface to a vertical depth of 50 meters and was delineated over a strike length of approximately 500 meters and a width of up to 100 meters. Due to its near surface occurrence, the mineralized zone is amenable to open pit mining. The Barry deposit subject to a 2% NSR royalty payable to the Societe de Developpement de la Baie James. The complete NI 43-101 technical report from Geostat will be posted on SEDAR shortly.

Other encouraging news at Barry include:

- A previously unreleased metallurgical study of the Barry
mineralization carried-out by the Technical University of Nova
Scotia (TUNS) in 1998 on a 1.5 ton bulk sample from the Main Zone
showed that it is possible to achieve a 94% recovery of the gold by
flotation. The flotation concentrate of sulphide and gold accounts
for 3.51% of the ore by weight and had a grade of 195 g/t Au.
Additional metallurgical tests of the ore are currently being
completed to confirm this data.

- A study carried-out by Bodycote Material Testing, a laboratory that
is certified by the Quebec Government, that confirmed the Barry
mineralization and host rocks are non-acid generating.

Considering the increased resource at Barry, Murgor has immediately mandated Geostat to conduct a scoping study of the deposit but has delayed the feasibility study pending the results of a 3,000 meter definition drilling program aimed at upgrading the inferred resources and extending the mineralized zones where large geophysical anomalies have only been sparcely tested to date. The drilling program is scheduled to start April 18th, 2006 and resources will be recalculated as soon as assay results are received. A final upgrade of the current resources will be achieved through a detailed elevation survey of the gold resource area starting June 1st, 2006.

Andre C. Tessier, President of Murgor Resources states: "We are very excited with these results. With very limited drilling, we have more than doubled the near surface gold resource at Barry and we have confirmed our geological model. Parts of Zones 43 and 45 are still not taken into account and Zones 48 and 51 haven't been looked at yet. Metallurgical tests are extremely encouraging with a recovery of 94% by flotation only, and the rocks are not generating acid. The only setback at this point is that we have to delay the feasibility study until this phase of drilling is completed so we can take potential new resources into account. We are still working as hard as possible to start the operations while gold prices are at their peak."

The Main Zone of the Barry Deposit is located at the heart of the 100% Murgor owned Barry I Property which consists of 14 claims covering 224 hectares. The property is further surrounded by the Barry United Property comprising 192 mining claims covering an area of 3,052 hectares held 50% by Murgor Resources Inc. and 50% by Freewest Resources Canada Inc. (TSX VENTURE:FWR). A portion of the inferred gold resource of Zone 45 is believed to occurs on one claim of the Barry United Property and approximately 1,000 meters of the upcoming drilling program will be directed at extensions of this zone.

The properties are located in the Barry-Urban greenstone belt of Abitibi, approximately 100 km east of the town of Lebel-Sur-Quevillon in NW Quebec. The deposit is accessible by all season haulage logging roads.

At the Windfall Property, 10 kilometers NE of the Barry Deposit, Murgor and joint venture partner Freewest Resources Canada Inc, have completed their winter 2006 drilling program on April 4th, 2006. A total of 5,623 meters were completed in 43 drill holes (WIN-05-69 to WIN-06-111). Results of drill holes WIN-05-69 to 96 have been published in recent press releases but are pending for drill holes WIN-06-97 to WIN-06-111. The results of drill holes WIN-06-97 to WIN-06-111 will be distributed as soon as they are all available.

In other news, Murgor announces that it has acquired the remaining 50% interest of the Missing Lake claim from South-Malartic Exploration Inc. by issuing 75,000 shares of Murgor to South-Malartic Exploration Inc. The vendor also retains a 1% NSR on the claim. The Missing Lake claim is part of Murgor's 100% owned Mishibishu Property located approximately 50 kilometers west of the town of Wawa Ontario. Murgor therefore has increased its interest in the Missing Lake Claim from 50% to 100%.

Ghislain Deschenes P.Geo. is the Qualified Person, as defined by NI-43-101, that carried-out the resource estimation for Geostat International Inc. Andre C. Tessier, P.Geo. (On), P.Eng. (Qc) and President CEO of Murgor Resources Inc. was the Qualified Person in the field and is responsible for the preparation of this news release.

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

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