Murgor Resources announces share consolidation

<< - Shares to Trade on One-for-Six Consolidated Basis Commencing November 26, 2007 - New Stock Symbol: MGR >>

As a result of the share consolidation, Murgor will have 18,863,155issued and outstanding common shares, compared to 113,178,931 sharesoutstanding prior to the consolidation.

Murgor has effected the share consolidation so as to facilitate futurefinancings, intended to advance Murgor's Hudvam and Wim deposits to theproduction stage. Murgor is currently proposing the completion of feasibilitystudies at its Hudvam and Wim deposits by the end of 2008 and by mid-2009,respectively. Murgor must also finance its continued exploration and workcommitments on its other properties in Manitoba and Saskatchewan.

The consolidation of Murgor's common shares was approved by Murgor'sshareholders at an annual and special meeting of shareholders held onOctober 25, 2007, and has received regulatory approval.

Murgor is mailing a letter of transmittal to its registered shareholders,who are required to exchange their current share certificates for new sharecertificates. Shareholders who hold their shares through a securities brokeror dealer, bank or trust company will not be required to take any measures.

Murgor also announces that its shareholder rights plan, adopted at theannual and special meeting of shareholders held on October 25, 2007, willenter into effect on November 26, 2007.

The share consolidation and shareholder rights plan were conditionallyaccepted by the TSX Venture Exchange and remain subject to its standard finalapproval.

This news release includes certain "forward-looking statements". Allstatements other than statements of historical fact, included in this release,including, without limitation, statements regarding potential mineralization,resources and reserves, exploration results, and future plans and objectivesof Murgor, are forward-looking statements that involve various risks anduncertainties. There can be no assurance that such statements will prove to beaccurate and actual results and future events could differ materially fromthose anticipated in such statements. Important factors that could causeactual results to differ materially from Murgor's expectations are explorationrisks detailed herein and from time to time in the filings made by Murgor withsecurities regulators.

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

For further information

on Murgor, please visit our website at or contact: André C. Tessier, President & CEO, MURGOR RESOURCESINC., (613) 546-7503, 1-888-891-3330, Fax: (613) 546-7318, ,www.murgor.com