MURGOR RESOURCES APPOINTS NEW VICE-PRESIDENT OF FINANCE & TREASURER
Montreal,
Québec –
May 14, 2008 – Murgor Resources Inc. (TSX-V: MGR) is pleased to announce
the appointment of Ms. Isabelle Gauthier to the position of Vice-President
Finance and Treasurer.
Ms. Gauthier is a C.A. and a graduate from Universite du Quebec a Montreal
(UQAM). She has been a member of the Ordre des Comptables Agrees du
Quebec 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. Since 2006, Ms. Gauthier has been responsible for all
accounting duties with SearchGold Resources Inc. and Golden Share Mining
Corporation, two public companies in the junior mining sector, based in
Montreal. She is now Chief Financial Officer for both companies.
Ms. Gauthier brings over 12 years of experience in financial accounting and
auditing for public companies and her hiring shows Murgor’s dedication to
building a solid management team to complement the Company’s highly experienced
technical team.
In other news: Murgor announces that, subject to regulatory approval, its
Board of Directors has approved an amendment to the corporation’s 2004 Stock
Option Plan by reserving an additional 1,057,265 common shares for issuance
under the plan. The fixed plan will also be converted to a rolling plan
not exceeding 10% of the total shares issued and outstanding of the
Corporation. As a result of the amendment, a total of 2,934,278 common
shares may be issued under the plan.. There are currently 29,342,780 common
shares of Murgor issued and outstanding.
About Murgor Resources Inc.
Murgor Resources Inc. is a mineral exploration company with a focus on
zinc, copper and gold exploration in Canada. 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: 8,666,000
tons of mineralization, 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 has also acquired from HudBay Minerals, a 50% interest in two highly
prospective grassroots properties, covering more than 1,850 square kilometres
adjacent to the Snow Lake and Flin Flon mining districts. The exploration
target for Murgor consists of deposits in one of the most prolific greenstone
belts in Canada and the world. Murgor also benefits from its association
with HudBay Minerals, one of Canada’s most successful mining companies.
FOR MORE INFORMATION PLEASE VISIT MURGOR’S WEBSITE AT WWW.MURGOR.COM OR CONTACT:
André C. Tessier,
President & CEO Michael Joyner,
Investor Relations
MURGOR RESOURCES INC.
THE
EQUICOM GROUP
Tel: (613) 546-7503 or 1-888-891-3330 Tel:
(416) 815-1700 or 1-800-385-5451 ext 275
Fax: (613) 546-7318
Fax: (416) 815-0080
E-mail: info@murgor.com
E-mail: mjoyner@equicomgroup.com
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.