Montreal, Quebec – November 22, 2007 – Murgor Resources Inc. (TSX-V: MUG) announces that it has filed Articles of Amendment so as to consolidate its issued and outstanding common shares on the basis of one share for every six shares issued and outstanding.  Murgor’s shares will begin trading on the consolidated basis on the TSX Venture Exchange on Monday, November 26, 2007 under the new stock symbol “MGR”. 

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

Murgor has effected the share consolidation so as to facilitate future financings, intended to advance Murgor’s Hudvam and Wim deposits to the production stage.  Murgor is currently proposing the completion of feasibility studies at its Hudvam and Wim deposits by the end of 2008 and by mid-2009, respectively.  Murgor must also finance its continued exploration and work commitments on its other properties in Manitoba and Saskatchewan.

The consolidation of Murgor’s common shares was approved by Murgor’s shareholders at an annual and special meeting of shareholders held on October 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 share certificates.  Shareholders who hold their shares through a securities broker or dealer, bank or trust company will not be required to take any measures.

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

The share consolidation and shareholder rights plan were conditionally accepted by the TSX Venture Exchange and remain subject to its standard final approval.

This news release includes certain "forward-looking statements". All statements 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 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.