A Word of Introduction

These are difficult times in the junior mining industry and in the global markets.  During these difficult times, it is particularly important not to lose sight of our long term strategy for the Corporation.  Murgor has secured important assets in northern Manitoba (the Wim and Hudvam deposits) and the value of these assets is directly linked with the future price of copper, gold and zinc.  In light of the recent decline in the price of copper, a recent article in the Northern Miner caught our attention.  The article is titled "Copper 'the real gold'" and discussed Robert Friedland's positive outlook on copper, despite the decline in the base metal's price.

Robert Friedland is the Chief Executive Officer of Ivanhoe Mines, whose Oyu Tolgoi mine development project in Southern Mongolia is a massive copper and gold deposit boasting approximately 71 billion pounds of copper and 31 million ounces of gold resources with a projected mine life of 45 years.

Friedland spoke to investors and analysts at the Denver Gold Forum in September 2008 and commented that if they were "going to buy one metal, buy copper." He anticipates a significant increase in demand for the metal as a result of the increased production of electric automobiles, which according to Friedland, contain about 300 pounds more metal than comparable non-hybrids. That figure includes an additional 50 pounds of copper.

In addition, he noted that China is already consuming 30% of the world's copper supply. Earlier this month China announced that it would be slowing copper production of 40% of its refined copper capacity.

Most of us know that the supply-demand balance drives metal prices. The article discusses the current supply-side constraints copper is facing due to the price decline, attributable to shortfalls at current mines, delays at mega-projects and contract cancellations by host governments.. The constrained supply and increased demand for the metal should in theory cushion the copper price from further declines.

Although it is difficult to predict what will happen in these challenging markets, we maintain a positive outlook on copper, and find Friedland's comments compelling.   

Appointment of Isabelle Gauthier as CFO

Isabelle Gauthier was appointed Chief Financial Officer of Murgor at the AGM held in Montreal on October 21, 2008. Ms. Gauthier was previously Vice-President of Finance with Murgor and has been part of the Murgor team since early 2008. She replaces Mark Schneiderman who resigned to pursue other opportunities after working with Murgor for the past 12 years.   

Ms. Gauthier is a Chartered Accountant and a graduate from Universit� du Qu�bec � Montr�al (UQAM). She has been a member of the Ordre des Comptables Agr��s du Qu�bec since 1998. From 1996 to 2006, she worked for the Chartered Accountant firm of Raymond, Chabot, Grant, Thornton as an auditor where she gained a solid experience in management and financial reporting for mining companies. Ms. Gauthier is also the Chief Financial Officer of SearchGold Resources Inc. and Golden Share Mining Corporation.

Murgor's Head Office Moves to Kingston, Ontario

Murgor shareholders approved the change of our head office to Kingston, Ontario from Montreal, Qu�bec at the AGM. The decision to move our head office was made to combine the administrative and exploration offices, and therefore reduce costs to the Corporation, which is a prudent move in the current equity market climate. Murgor has had a presence in Kingston since 2003, when we opened our exploration office there. We look forward to actively being involved in the business community in Kingston.

In Closing

On the exploration front, Murgor is getting ready for a busy, albeit scaled down, drilling season.  We are currently focusing our efforts on prioritizing exploration targets defined during the course of this year at our projects in the Flin Flon belt.  A multidisciplinary approach to exploration, including geophysical and geological modelling, has outlined hundreds of potential targets and Murgor's exploration team is currently selecting the best of these targets to advance to the drilling stage.
We continue to keep our long-term objectives at the focus of all of our activities and decision making.

Continue to log on to www.murgor.com for more up-to-date details on the Corporation.
Thank you for your interest in Murgor Resources and for your continued support.  


    Respectfully submitted,

          
    Andr� C. Tessier, P.Eng, P.Geo
    President, CEO
    November, 2008.

This newsletter includes certain "forward-looking statements". All statements other than statements of historical fact, included in this newsletter, 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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.