Montreal, Quebec, January 31, 2008 – Murgor Resources Inc. (“Murgor or the “Company”), (TSX-V: MGR) today announced that it has retained the Equicom Group (“Equicom”) to provide the Company with strategic investor relations and financial communications services.

Equicom provides strategic communications services to more than 100 public companies across a diverse range of industries.  Under the terms of the agreement, Murgor will pay Equicom a monthly retainer fee of $6,500 for professional services.  The initial contract term is 12 months.  Neither Equicom nor any of its principals has an ownership interest, directly or indirectly, in Murgor or its securities, and Murgor has not granted Equicom or its principals any right to acquire such an interest. Equicom is a wholly-owned subsidiary of TSX Group Inc.

About Murgor Resources Inc.

Murgor is a mineral exploration and development company based in Montreal focused on Zinc, Copper and Gold exploration in Canada. The Company’s development strategy is to acquire advanced, near-term production mineral deposits and bring them into production while exploring highly prospective grassroots mining properties in historically prolific areas in Canada and abroad to enhance its current resources.

In late 2006, Murgor signed six agreements with HudBay Minerals, acquiring the right to earn a 100% interest in three deposits with a total NI 43-101 Inferred resource of:  8,866,000 tonnes of ore, containing 143,150,000 pounds of copper, 430,251,000 pounds of zinc, 221,000 ounces of gold and 2,526,000 ounces of silver. Murgor is also acquiring, from HudBay Minerals, a 50% interest in two highly prospective grassroots properties, covering more than 1,850 square kilometers adjacent to the Snow Lake and Flin Flon mining districts. The exploration target for Murgor consists of polymetallic Volcanogenic Massive Sulfide deposits in the Flin Flon belt of Manitoba and Saskatchewan, one of the most prolific greenstone belt in Canada and the world.  In November of 2007, Murgor initiated two pre-feasibility studies on the Hudvam and Wim deposits in Manitoba.  Complete feasibility studies are scheduled for completion at the end of 2008 at the Hudvam deposit and for mid-2009 at the Wim deposit. 

About The Equicom Group

The Equicom Group, a wholly-owned subsidiary of TSX Group Inc., is Canada’s leading Investor Relations consulting firm. With proven expertise in developing and executing highly effective strategic communications programs, and an extensive network of investment community contacts, Equicom specializes in helping clients achieve their capital markets objectives. Headquartered in Toronto, with offices in Montreal and Calgary, Equicom offers a comprehensive suite of services including: investor relations, media relations, annual report production, multimedia and web design, web casting, live event management and corporate branding. For further information, please visit www.equicomgroup.com.