Morgain Files Technical Report - La Fortuna Gold Project, Mexico

Vancouver, BC --May 17, 2007 -- Morgain Minerals Inc. ("Morgain") (TSX-V: MGM) announces that it has filed an independent Technical Report ("the Report") for its La Fortuna Gold Project ("La Fortuna") on SEDAR website a www.sedar.com.  The Report was prepared by Toren K. Olson, P.Geo. of Toren Olson Consulting, Tucson, Arizona, the independent Qualified Person, to meet National Instrument 43-101 standards.  The Report is also available on the Company's website at www.morgainminerals.com.

La Fortuna is located in the north-western corner of the State of Durango, Mexico about 70 kilometers northeast of Culiacan.  Between 1991 and 1996, in excess of US$9.0 million was spent by previous owners developing La Fortuna.  Previous work included detailed mapping and sampling of underground openings, and 121 closely spaced diamond drill holes aggregating a total length of 18,900 meters.

In July 1995, Fluor Daniel Wright (Fluor) of Vancouver, BC was commissioned to estimate the geological resource and to develop preliminary open pit designs for La Fortuna.  This work produced an historical resource at a 0.5 g/t cut-off grade of 4,451,000 tons grading 2.25 g/t gold, 29.9 g/t silver and 0.23% copper (322,000 ounces gold, 4.3 million ounces silver, and 22.6 million pounds of copper).  It should be noted that the historical resource discussed above was calculated prior to the implementation of National Instrument 43-101 and does not comply with the current Canadian Institute of Mining, Metallurgy and Petroleum (CIM) standards and definitions for estimating resources and reserves as required by Canadian National Instrument 43-101 "Standards of Disclosure for Mineral Projects".  Sufficient work has not been done to verify the historical resource estimate and to classify it as a current mineral resource and therefore this estimate should not be relied upon.

The Report concludes that "the La Fortuna ore body is well defined with 121 diamond drill core holes on a relatively close spacing", and goes on to note that there "are several other showings around the property which may also develop into resources with additional exploration and definition drilling thereby increasing the potential at La Fortuna."

As recommended in the Report, Morgain will initiate a US$198,000.00 work program (that includes twinning eight holes to verify historic drilling data) with the goal of producing a National Instrument 43-101 compliant resource estimate.

About Morgain Minerals Inc.

Morgain Minerals Inc. is an emerging gold producer focused in Mexico.  Morgain is currently constructing a gold heap-leach facility at its 100% owned El Castillo Gold Project ("Castillo"), also located in Durango, Mexico.  Castillo is scheduled to produce approximately 350,000 ounces of gold over a twelve year mine life, averaging 30,000 ounces per year.  Gold production is forecasted for the third quarter of 2007.