Partners in Exploration

HudBay Minerals Inc. (HBM: TSX)

HudBay Minerals Inc. is an integrated mining company operating mines, concentrators and a metal production complex in northern Manitoba and Saskatchewan. HudBay also owns a zinc oxide production facility in Ontario, the White Pine copper refinery in Michigan and the Balmat zinc mine operations in New York state. In September 2006, Murgor forged an alliance with Hudson Bay Exploration and Development Company Limited (HBED), a wholly-owned subsidiary of HudBay Minerals Inc. to acquire a 100% interest in the Fon, Wim, Hudvam properties in the Flin Flon belt of Manitoba and Saskatchewan. Murgor has since acquired a 100% interest in the Hudvam and Wim deposits and is currently evaluating the Fon deposit. Under the agreements HBED retains a 2% net smelter return or the opportunity to buy back up to a 65% interest on all properties.

Is a trademark of HudBay Minerals Inc. used under license by Murgor Resources Inc.

SINO Minerals Corporation

Sino Minerals is a private Canadian corporation based in Markham, Ontario and majority-owned by Chinese shareholders including state-owned Beijing Donia Resources Co (Donia), whose mandate includes exploring for and acquiring base metal resources worldwide. The Chairman of SINO Minerals, Dr. Jingbin Wang, also serves as: Executive Director of the China Nonferrous Metals Resource Geological Survey, President of the Beijing Institute of Geology of Mineral Resources, President of Sinotex Mineral Exploration Co, Vice-President of the China Nonferrous Metals Industry Association and Assistant Director of the China Geology Association. Sino Minerals is Murgor’s largest shareholder having acquired 14.95% of the Corporation through a private placement in August of 2009.

Eagle Hill Exploration Corporation (EAG: TSX.V)

Eagle Hill Exploration Corporation is a Canadian mining exploration company focused on precious metal properties and acquisitions with the objective of building long-term growth utilizing an experienced management team and affiliates having proven track records in North American exploration, finance and capital markets. In October 2009, Eagle Hill purchased Murgor’s interest in the Windfall Property in Quebec. Murgor retains a large interest in the property through a 1% NSR royalty and holdings of 1,750,000 shares of Eagle Hill. Furthermore, through a management contract between the two companies, Eagle Hill retained Murgor’s expertise in the area while Murgor retained management of the exploration at Windfall and is therefore generating revenue for the Company.

Metanor Resources Inc. (MTO: TSX.V)

Metanor is a junior mining exploration Company incorporated in 2003 and with its head office located in Val D’Or, Quebec, Canada. In December of 2006, Murgor sold the Barry Gold Deposit to Metanor, keeping a 2% NSR royalty. Metanor started production at Barry in 2007 and Murgor has been collecting its royalty. Metanor also optioned Murgor’s Nelligan Gold Property which is adjacent to their Bachelor Lake Gold Mine. Metanor may earn an interest of up to 70% at Nelligan.

Freewest Resources Canada Inc (FWR: TSX-V)

Murgor has had a long history with Freewest Resources. Murgor and Freewest are currently 50-50 partners on many Quebec properties including Eagle River, Benoit and La Treve. Murgor is the operator on all these properties. Much of Freewest’s exploration activity is involved in the search for and definition of gold in eastern Canada’s classical greenstone belts. This emphasis has been centered mainly in NW Quebec, NW Ontario and SW New Brunswick.

Geodex Minerals Ltd. (GXM: TSX.V)

Geodex is a Canadian company with a focus on the exploration and development of tin, tungsten molybdenum and indium deposits in New Brunswick. The Company's flagship property is Sisson Brook which contains a large open-pittable tungsten/molybdenum deposit. Geodex is also considered the world's largest land holder of premium indium exploration properties due to the ownership of their property, the rich Mount Pleasant Camp. Since April 2006, Geodex is a 60% partner with Murgor at the Mount Pleasant gold-tungsten Property.