Murgor Resources Inc. is a mineral exploration company focused on projects in Ontario and Manitoba. It has an advanced gold project called the Golden Arrow in Timmins, Ontario that was previously mined in the 1980s. Murgor also has copper-gold projects in Flin Flon, Manitoba with over 1 billion dollars in estimated resources. The company is exploring additional early stage projects and maintains a 1% royalty on the Barry gold mine in Quebec. Murgor is well funded with $1.8 million in treasury and no debt, and partnerships provide exposure to additional exploration properties.

1. Resources Inc.
MURGOR RESOURCES INC.
CORPORATE PRESENTATION
July 2012

2. Forward-Looking Statement
CAUTIONARY STATEMENT ON the U.S. dollar); fluctuations in the spot and obtain insurance, to cover these risks). Many of
FORWARD-LOOKING INFORMATION forward price of gold or certain other these uncertainties and contingencies can affect
commodities (such as copper); changes in our actual results and could cause actual results
Certain information contained or incorporated by national and local government legislation, to differ materially from those expressed or
reference in this presentation, including any taxation, controls, regulations and political or implied in any forward-looking statements made
information as to our future financial or economic developments in Canada or other by, or on behalf of, us. You are cautioned that
operating performance, constitutes "forward- countries in which we do or may carry on forward-looking statements are not guarantees
looking statements". All statements, other than business in the future; business opportunities of future performance. All of the forward-looking
statements of historical fact, are forward-looking that may be presented to, or pursued by, us; statements made in this presentation are
statements. The words "believe", "expect", operating or technical difficulties in connection qualified by these cautionary statements. We
"anticipate", "contemplate", "target", "plan", with mining exploration or development disclaim any intention or obligation to update or
"intends", "continue", "budget", "estimate", activities; employee relations; the speculative revise any forward-looking statements whether
"may", "will", "schedule" and similar expressions nature of gold exploration and development, as a result of new information, future events or
identify forward-looking statements. Forward- including the risks of obtaining necessary licenses otherwise, except to the extent required by
looking statements are necessarily based upon a and permits; diminishing quantities or grades of applicable laws.
number of estimates and assumptions that, while reserves; and contests over title to properties,
considered reasonable by us, are inherently particularly title to undeveloped properties. In
subject to significant business, economic and addition, there are risks and hazards associated
competitive uncertainties and contingencies. with the business of gold exploration,
Known and unknown factors could cause actual development and mining, including
results to differ materially from those projected environmental hazards, industrial accidents,
in the forward-looking statements. Such factors unusual or unexpected formations, pressures,
include, but are not limited to: fluctuations in the cave-ins, flooding and gold bullion losses (and the
currency markets (such as the Canadian versus risk of inadequate insurance, or inability to
MGR: TSX-V
2 www.murgor.com

3. Murgor Capitalization
Murgor Resources Inc: MGR:TSX-V
Share Price (06/06/12) $0.04
Shares Outstanding: 120,985,590
Shares Fully Diluted 133,206,980
52-Week High/Low $0.175 - $0.035
Market Capitalization: $4.8M
Treasury: $1,786,000 (unaudited Jan. 31, 2012)
(No Debt) Victoria Gold Mines* 12.4%
Dundee Resources 9.5%
Beijing Donia: 6.7%
Major Shareholders: Institutional: 39.4% Sprott Securities 5.5%
Others: 5.3%
* Victoria Gold Mines East Timmins Ltd. Retail: 60.6%
David Larche, President & CEO
Partner on Golden Arrow Project
3 MGR: TSX-V
www.murgor.com

4. Management & Directors
Management:
André C. Tessier, PEng, PGeo President & Chief Executive Officer
Isabelle Gauthier, CA Chief Financial Officer
Randall Salo, PGeo Manager of Exploration
Directors:
C. Jay Hodgson, PhD Chairman and Director
André C. Tessier, PEng, PGeo Director
David W. Moore, PGeo Independent Director
Michael D. Doggett, PhD Independent Director
Nick Zeng Independent Director
Advisors:
MacKenzie I. Watson, P.Eng
4 MGR: TSX-V
www.murgor.com

5. Murgor Fundamentals
• The Golden Arrow Gold Project
 Advanced Gold Project in Timmins, Ontario
• The Wim & Hudvam Cu-Au Projects
Flin Flon
 Advanced Projects in the Flin Flon Belt, Manitoba
 Combined NI 43-101 resource of:
* Timmins
Chibougamau
Red Lake
(Mineral resource with in situ value well over $1.4B USD)
• Grassroots projects Exploring the Richest Mineral Belts in Canada
 Waconichi Project in Abitibi, Quebec
 Gullrock Project in Red Lake, Ontario
 Moose Lake Project in Snow Lake, Manitoba
• 1% NSR at the Barry Gold Mine, QC
* Summary of resource only. Please visit www.murgor.com or SEDAR for the complete details of Murgor’s 43-101 Compliant Resource at Wim and Hudvam.
MGR: TSX-V
5 www.murgor.com

6. Murgor - Strength in Partnerships
• Wim & Hudvam Projects, Manitoba
Optioned from HudBay Minerals Inc.
• Waconichi Project, Quebec
Under Option to Northern Superior Resources Inc.
• Benoit Project, Quebec
Under Option to Cartier Resources Inc.
• Windfall Project, Quebec
Under Option to Eagle Hill Exploration Corp.
• Nelligan Project, Quebec
In JV with Metanor Resources Inc.
MGR: TSX-V
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7. The Golden Arrow Gold Mine – Timmins, Ontario
PROJECT HIGHLIGHTS
 MAIN MINERALIZED ZONE:
Strike Extent: > 1 km long
Average Width: 42 m
Max. Depth: 425 m to date
Average Grade: 0.813 to 1.296 g/t Au
 Past Producer 1981-1982:
303,449 tons @ 2.15 g/t Au
Historical gold recoveries of 91.2%
 Extensive onsite and offsite Infrastructure
Six operating mills and two operating mines nearby
 Pre-development near complete
Fully permitted for a 100,000 bulk sample
 Property as a whole is greatly
under-explored
The Golden Arrow Gold Mine – Open Pit
(November 11, 2010)
MGR: TSX-V
7 www.murgor.com

8. Golden Arrow Project – Nearby Mills
Bell Creek
Stock
Holt
Dome
Kirkland Lake Gold
Future Northgate
Past & Present Producers (Ontario only): Gold >1M oz Gold <1M oz Base Metals
GOLDEN ARROW MINE
Located halfway between the Timmins Gold District (67 M oz gold)
and the Kirkland Lake - Kerr Addison Gold District (37 M oz gold).
8 MGR: TSX-V
www.murgor.com

9. Golden Arrow Project – The Neighbours
BLACK FOX MINE (Brigus Gold)
RESERVES: 6,447,868 t @ 4.37 g/t Au
906,375 Gold (oz)
HISLOP MINE (St-Andrews)
INDICATED: 6,205,000 t @ 2.0 g/t Au
INFERRED: 5,338,000 t @ 1.8 g/t Au
703,000 Gold (oz)
MGR: TSX-V
9 www.murgor.com

10. Golden Arrow: Property Geology and Exploration Targets
Golden Arrow
Gold Mine Untested GOLDEN ARROW PROPERTY
45-02: 2.19m @ 6.09 g/t Au
45-03: 5.43m @ 2.46 g/t Au
45-04: 13.44m @ 9.22 g/t Au  12 Mining Patents
 11 Mining Claims
 Covering 1,441 hectares
Property
Boundary Exploration Targets
Golden Arrow
Fault
GOLDEN ARROW
PROPERTY
Mafic Volcanic
Syenite
MGR: TSX-V
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11. Golden Arrow Mine – Deposit Geology and Mineralization
 Gold mineralization consists of a stockwork of
quartz veinlets locally with visible gold
Current Outline
of the Open Pit  Broad potassic alteration halo with brick-red
hematite and 1% to 2% disseminated pyrite
Syenite
Mafic  Gold is well distributed throughout the mineralized
Volcanics
zone without high grade peaks
 To date less than 0.5% of assays have returned
higher than 10 g/t gold.
Syenite
Mafic
Volcanics
Potential Expansion
of the Open Pit
The deposit is open at depth and to the SW
MGR: TSX-V
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12. Golden Arrow Gold Mine: Magnetic Map & Interpretation
Golden Arrow
Open Pit Outline Golden Arrow Fault
45-02: 2.19m @ 6.09 g/t Au
45-03: 5.43m @ 2.46 g/t Au
45-04: 13.44m @ 9.22 g/t Au
West Zone
East Zone
GOLDEN ARROW
PROPERTY
East Syenite
Intrusion Contacts MAGNETIC MAP
And
GEOLOGICAL INTERPRETA TION
West Syenite
SCALE
Intrusion Contacts
0 250 500
meters
MGR: TSX-V
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13. Golden Arrow Gold Mine: Magnetic Map & New Zones
GOLDEN ARROW FAULT
GOLDEN ARROW GOLDEN ARROW
MAIN ZONE OUTLINE
39
PROPERTY
31
38
30
28
29
MAGNETIC MAP
40 7
44
32
5
3
6
2
1
and
4
DDHs AE12-03 and 11 define a
mineralized zone greater than
22
8
GEOLOGICAL INTERPRETATION
13 9
100m in true width (see section). 46
10
11 14
15
33 12
37
42 24
18
16 19
17
25 23
20
0.63 g/t Au over 78.0m 26 21
0.52 g/t Au over 57.0m
41
27
1.43 g/t Au over 34.0m in NS-Trending Fault LEGEND
35
34
45
0.64 g/t Au over 78.0m
Incl. 1.23 g/t Au over 30.0m
and 6.14 g/t Au over 4.0m
Current open pit outline
36
0.53 g/t Au over 21.0m
Incl. 1.22 g/t Au over 5.0m Offset of zone along NS-trending Dike
Syenite Intrusion contact
0.92 g/t Au over 18.0m
33
DDH AE12-06 collared into gold mineralization in syenite
Trace of Drill Hole
NEW DISCOVERY 1.42 g/t Au over 15.0m
Mineralized Zones
WEST EXTENSION 1.65 g/t Au over 4.5m
NS-Trending Faults
5.48 g/t Au over 4.5m NEW DISCOVERY
SCALE
0 250 500 DDH AE12-07 ended in gold mineralization in volcanics ARROW SOUTH TARGET
metres
MGR: TSX-V
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14. Golden Arrow: West Syenite & Deposit Geology
100N
900S
800S
700S
600S
500S
400S
300S
200S
100S
0
A12-44
400m W
A11-39
GOLDEN ARROW DEPOSIT
300m W A11-33
 Strike Length: >1 km
A11-32
 Average Width: 42 m
A11-31
AE12-02
? AE12-01
200m W AE12-03 A12-43
A11-40
A11-38  Depth: Surface to 425 m
Golden Arrow
A11-28
 Average Grade:
Open Pit Outline
West Zone AE12-11 A12-46 A11-30
100m W AE12-05
? A12-42 0.813 to 1.296 g/t Gold
A10-2
A10-7
A10-5
A10-3
A10-6
A10-1
A10-4
A12-45
A11-41 A11-22 A11-29
A11-24 ?
AE12-04
0
?
?
A11-10
A11-16 & 17
A11-25
A11-11
A11-12 A11-13
A10-9
A11-18
A10-8
A11-19 A11-14
A11-26 A11-15
A11-20
100m E A11-21 A11-23
A11-27
GOLDEN ARROW - LEGEND -
A11-35
PROPERTY AE12 -04
Drill Hole Projection
Geological Map Diabase Dyke
A11-36
(Murgor Drill Holes) Syenite
SCALE Mafic Volcanic Rocks A11-34
NS-Trending Mineralized Fault
A11-37
0 75 150m Gold Mineralization
MGR: TSX-V
14 www.murgor.com

15. Golden Arrow Deposit – Longitudinal Section
650S
550S
100S
600S
150S
200S
250S
300S
350S
400S
450S
500S
50S
50N
000
Surface
Deep Intercepts Include
50m
1945 Shaft
42 45 50m
Higher-Grade such as:
29 01 16 24
02 03 06
04 25
07
05
13 10
18
17 ? 41
100m 08 09 20 100m
19
14 11
22
? A11-31: 52.0m @ 1.47 g/t
12
30
15 23
21 26
? BASED ON 0.3 g/t Au CUT-OFF INTERCEPTS 150m
incl: 18.0m @ 2.26 g/t
150m
28
27
and: 8.0m @ 2.76 g/t
>150
>125
? >100 Gold Grade (g/t) A11-32: 15.0m @ 2.11 g/t
200m 43 200m
x
38 >75
>50 Thickness of Intercept
incl: 6.0m @ 3.11 g/t
40 >25
<25
Pierce point of drill hole with drill hole 250m
A11-35: 46.0m @ 1.44 g/t
250m 37
35
number from the centre of the zone
and projected onto the base line plane
incl: 6.0m @ 3.38 g/t
31 300m
A11-40: 35.0m @ 2.20 g/t
300m 32
? 36 incl: 6.0m @ 7.22 g/t
?
34 33 350m
350m
400m 39
37
? ?
GOLDEN ARROW
450m
? PROPERTY
44
Longitudinal Section
Looking SE
(Murgor Drill Holes)
500m
GOLDEN ARROW
SCALE
LONGITUDINAL SECTION MAIN ZONE 0 50 100m
MGR: TSX-V
15 www.murgor.com

16. Golden Arrow – Cross Section 200S
450W
400W
350W
200W
300W
250W
150W
100W
100E
150E
200E
250E
300E
350E
50W
50E
BL
Surface
DRILL HOLE INTERCEPTS USING
Current
Open Pit
50m
0.5 g/t Au cut-off grade
(Intervals listed from top to bottom of drill hole)
A10-18: 1.43 g/t Au over 72.0m
Mafic Volcanics 100m
0.92 g/t Au over 7.0m
A10-19: 1.28 g/t Au over 108.0m
150m A11-22: 1.36 g/t Au over 113.0m
A11-19 A11-23: 0.98 g/t Au over 91.0m
A11-18 A11-22
A11-23 200m incl. 1.84 g/t Au over 35.0m
A11-34: 1.37 g/t Au over 12.0m
250m
2.87 g/t Au over 4.5m
0.57 g/t Au over 51.0m
Syenite Mafic Volcanics
A11-39: 0.79 g/t Au over 6.0m
300m
0.52 g/t Au over 7.5m
0.75 g/t Au over 28.0m
350m A11-40: 0.99 g/t Au over 16.5m
1.65 g/t Au over 49.5m
400m
A11-40
450m
Drill Hole Trace and Number
GOLDEN ARROW Mineralized Interval
PROPERTY Cut-Off = 0.3 g/t Au 500m
A11-34
Cross Section 200S
Looking NE
(Murgor Drill Holes) 550m
SCALE Assay Bars > 0.3 g/t Au
A11-27
0 50 100m A11-39
MGR: TSX-V
16 www.murgor.com

17. Golden Arrow – Cross Section 200S with Cut-Off Contour
450W
400W
350W
200W
300W
250W
150W
100W
100E
150E
200E
250E
300E
350E
50W
50E
BL
Overburden
Surface
DRILL HOLE INTERCEPTS USING
Overburden
Current
Open Pit
0.5 g/t Au cut-off grade
50m
(Intervals listed from top to bottom of drill hole)
Mafic Volcanics
Syenite Mafic A10-18: 1.43 g/t Au over 72.0m
Volcanics 100m
0.92 g/t Au over 7.0m
Syenite A10-19: 1.28 g/t Au over 108.0m
150m A11-22: 1.36 g/t Au over 113.0m
A11-19 A11-23: 0.98 g/t Au over 91.0m
A11-22
A11-18 A11-23 200m incl. 1.84 g/t Au over 35.0m
A11-34: 1.37 g/t Au over 12.0m
250m
2.87 g/t Au over 4.5m
GOLD MINERALIZATION LEGEND
0.57 g/t Au over 51.0m
A11-39: 0.79 g/t Au over 6.0m
> 0.3 g/t Au cut-off grade 300m
> 0.5 g/t Au cut-off grade
0.52 g/t Au over 7.5m
> 1.0 g/t Au cut-off grade 0.75 g/t Au over 28.0m
350m A11-40: 0.99 g/t Au over 16.5m
1.65 g/t Au over 49.5m
400m
A11-40
450m
Drill Hole Trace and Number
GOLDEN ARROW Mineralized Interval
PROPERTY Cut-Off = 0.3 g/t Au 500m
A11-34
Cross Section 200S
Looking NE
(Murgor Drill Holes) 550m
SCALE Assay Bars > 0.3 g/t Au
A11-27
0 50 100m A11-39
MGR: TSX-V
17 www.murgor.com

18. Golden Arrow Deposit vs. Young-Davidson Mine
GOLDEN ARROW YOUNG DAVIDSON
Syenite-Hosted Syenite-Hosted
K-Hm-Py alteration – Quartz K-Hm- Py alteration – Quartz
Stockwork Stockwork
Steeply Plunging and Dipping Steeply Plunging and Dipping
Structures Structures
Width of Zone average 42 metres Width of Individual Zones 10 – 40 m
Average Grade in OP is 2.09 g/t Au Average Grade in OP is 1.63 g/t Au
Vertical Extent: 425 m to date Vertical Extent of Nearly 1.5 km
Strike Extent: 1.0 km to date Strike Extent of Greater than 1.75 km
Resource: Untested Resource: 3.8M oz Gold
MGR: TSX-V
18 www.murgor.com

19. Murgor Golden Arrow Property – Summary
 Work Completed - February 2011 to March 2012:
Compilation and digitization of all existing data production of a 43-101 Technical Report
High resolution helicopter-borne magnetic survey
Ground geophysics (IP)
Mechanical trenching
57 drill holes for a total of 16,501 m
Earned a 40% interest in the property more than six months ahead of schedule
 Results / Milestones:
Greatly expanded the gold mineralized zone to 1,050 m in length, 42 m of average width and up to 425 m in depth
Significantly enhanced the open pit bulk tonnage potential of the deposit
Two new discoveries at surface: “West Extension” (600 m west of pit) and “South Target” (1 km south of pit)
Defined numerous high potential exploration targets at the property-scale
Acquired new ground surrounding the deposit
 Next Step
Complete earn-in of 55% before February 2013 through $400,000 exploration expenditures and $1M cash payment
Continue to expand the Main Mineralized Zone through drilling (particularly at the West Extension
Systematic infill and step-out drilling in preparation for resource estimate
Drill test a number of high priority exploration targets including the South Target
Investigate the economic viability of the project
MGR: TSX-V
19 www.murgor.com

20. Golden Arrow Deposit vs Young-Davidson Mine – TO SCALE
2 km
650S
550S
100S
150S
200S
250S
300S
350S
400S
600S
450S
500S
50S
50N
000
Surface
1945 Shaft 45 50m
50m 42
29 01 16 24
02 03 06
04 25
07
05
13 10
18
17 ? 41
100m 08 09 20 100m
19
14 11
22
12
?
30 21 26
15 23 ? BASED ON 0.3 g/t Au CUT-OFF INTERCEPTS 150m
150m
27
28
>150
>125
?
West Zone at Surface
>100 Gold Grade (g/t)
200m 43 200m
38 >75 x
>50 Thickness of Intercept
40 >25
<25
37 Pierce point of drill hole with drill hole 250m
250m number from the centre of the zone
35 and projected onto the base line plane
0.64 g/t gold over 78.0m
300m 31 32 300m
? 36
?
34 33 350m
350m
0.63 g/t gold over 78.0m
400m 39
37
? ?
GOLDEN ARROW
450m
? PROPERTY
44
Longitudinal Section
Looking SE
(Murgor Drill Holes)
GOLDEN ARROW
0.52 g/t gold over 57.0m
500m SCALE
LONGITUDINAL SECTION MAIN ZONE 0 50 100m
Formerly
Matachewan Cons. Syenite
Longitudinal section of the Young Davidson Mine Longitudinal section of the Golden Arrow Mine
TOTAL RESERVES: 3.8M oz Gold
(1.6 g/t Au Open Pit and 2.9 g/t Au Underground)
(Source: Aurico Gold TSX: AUG, www.auricogold.com)
MGR: TSX-V
20 www.murgor.com

21. Murgor Deposits and Properties in the Flin Flon Belt
0 50 Kilometers
50 kilometers
N
Hudvam (Au-Cu-Zn) Wim (Cu-Au)
#
Lalor Lake Snow Lake
Snow Lake
Flin Flon
Flin Flon
#
Trout Lake #
#
#
777
Chisel North #
Reed Lake
Kof
#
Manitoba Sylvia #
#
Saskatchewan Moose Lake
189,000 ha
Flin Flon Belt Volcanics
#
#
Basement Rocks
#
Paleozoic Cover Sediments
Legend MGR: TSX-V
21
Carbonate Cover Road Operating Mine
Volcanics Border

22. The Wim Deposit, Manitoba (Copper-Gold) 100% MURGOR OWNED
0 50 Kilometers
The WIM DEPOSIT  N 16 km NE from the Snow Lake Mill
 Favourable Metallurgy (92.5% rec.)
#
Flin Flon Flon Snow Lake
Flin Snow Lake  At Surface
#
Trout Lake #
#
#
777
Chisel North #  Quick to Production
 Low Capital Expenditure
 Small Environmental Footprint
#
#
Manitoba
#
#
Saskatchewan
Tonnage Grade Metal Content
#
#
Category
Metric Tonnes Cu % Zn% Au g/t Ag g/t Cu (lb)
#
Zn (lb) Au (oz)
Indicated* 2,776,787 1.94 0.30 1.88 7.53 118,762,524 18,365,339 167,838
Indicated** 1,805,382 2.20 0.35 2.30 8.56 87,564,000 13,931,000 134,000
Legend
Inferred* 445,999 1.12 0.43 2.11 5.06 11,012,528 4,228,024 30,256
Carbonate Cover Road Operating Mine
NI 43-101 COMPLIANT *Volcanics Equiv.) **(2.5% Cu Equiv.)
(2% Cu Border
Precambrian
MGR: TSX-V
22 www.murgor.com

23. The Hudvam Deposit, Manitoba (Au-Cu-Zn) 100% MURGOR OWNED
0 50 Kilometers
The HUDVAM DEPOSIT  Dominantly a Gold Deposit
N
 Favourable Metallurgy:
Snow Lake #
90% Cu recovery
Flin FlonFlon Snow Lake
Flin
#
Trout Lake #
#
#
67% Au recovery
777
Chisel North #
 47 kms NE of Flin Flon
 Existing Ramp of 250 metres
#
 Low Capital Expenditure
 Small Environmental Footprint
#
Manitoba
#
#
Saskatchewan
#
#
Tonnage Grade Metal Content
Category #
Metric Tonnes Cu % Zn% Au g/t Ag g/t Cu (lb) Zn (lb) Au (oz)
Indicated* 854,076 1.22 1.78 3.82 13.84 23,007,640 33,541,359 105,000
Indicated** 680,657 1.38 1.98 4.33 15.38 20,640,000 29,654,000 95,000
Legend
Inferred 502,901 0.79 1.33
Carbonate Cover 3.25
Road 6.96
Operating Mine 8,758,802 14,745,831 52,548
Volcanics Border
NI 43-101 COMPLIANT *(2% Cu Equiv.) **(2.5% Cu Equiv.)
Precambrian
MGR: TSX-V
23 www.murgor.com

24. SUMMARY OF THE COMPANY
MURGOR has a FOCUS ON GOLD with:
A near-term producer with expanding resources at Golden Arrow Gold Mine
New high potential grassroots gold exploration properties in Quebec and Ontario
MURGOR has a diversified portfolio of properties:
Two feasibility-stage copper-gold projects in Manitoba (Wim and Hudvam)
One advanced gold project in Ontario (Golden Arrow)
A number of Grassroots Gold and Copper exploration projects in Manitoba, Quebec and Ontario
MURGOR is financially secure with a treasury of nearly $1.78M and no debt
At January 31, 2012
MURGOR owns a significant copper-gold-zinc resource in Manitoba:
Adjacent to existing infrastructure owned by Hudbay Minerals
In a belt where existing resources are depleting and mine closures are imminent
In a safe and mining-friendly jurisdiction
MGR: TSX-V
24 www.murgor.com

25. MURGOR’S STRATEGY IN TODAY’S MARKETS
WEATHERING THE ECONOMIC STORM / CASH PRESERVATION:
Murgor operates on a very lean administrative budget.
Should there be a need, Murgor has sufficient funds to weather a long “Economic Storm”
MURGOR INTENDS TO CONTINUE EXPLORING THE GOLDEN ARROW PROJECT:
To increase the gold resource already defined below and on strike with the current open pit.
To earn its full interest in the project ($1.4M expenditures and cash payments before February 4th 2013)
MURGOR INTENDS TO MONETIZE ITS 100% OWNED MANITOBA ASSETS:
Hudbay Minerals has a buyback option on the projects until September 12, 2012 that could
generate over $2M in revenue.
Should Hudbay not exercise its right to buy back before September 12, 2012, its interest will
be reduced to a 2% NSR and Murgor will be in a position to sell to any prospective buyer.
MURGOR WILL OPTION ITS NON-CORE EXPLORATION PROJECTS:
Leveraging the risks associated with exploration and reducing exploration expenditures
Generating some revenue
Acquiring shares in other companies in these depressed markets.
MGR: TSX-V
25 www.murgor.com

26. For more information contact:
MURGOR RESOURCES INC.
All the right places...
CHF Investor Relations
Jeremy Hill
416 868 1079 ext. 238
jeremy@chfir.com
MGR: TSX-V
26 Visit us at www.murgor.com www.murgor.com

27. APPENDIX
COMPLETE SET OF CROSS SECTIONS FROM
THE GOLDEN ARROW DEPOSIT
27

28. Golden Arrow – Composite Cross Section 50S-75S with Cut-Off Contour
100W
450W
400W
350W
300W
250W
200W
150W
100E
150E
200E
250E
300E
350E
50W
50E
BL
Overburden
Current
Open Pit
Surface
DRILL HOLE INTERCEPTS USING
50m
0.5 g/t Au cut-off grade
(Intervals listed from top to bottom of drill hole)
A10-01
Mafic Volcanics A10-01: 1.18 g/t Au over 55.0m
100m
A10-07: 1.08 g/t Au over 82.0m
Mafic Volcanics
Syenite A10-07 A11-28: 1.35 g/t Au over 122.0m
150m
A11-29: 1.03 g/t Au over 21.0m
A10-08
1.62 g/t Au over 7.0m
200m
A11-38: 0.96 g/t Au over 12.0m
A11-29
1.23 g/t Au over 7.5m
250m
GOLD MINERALIZATION LEGEND
Syenite
> 0.3 g/t Au cut-off grade
300m
> 0.5 g/t Au cut-off grade
A11-28 > 1.0 g/t Au cut-off grade
350m
400m
A11-38
450m
Drill Hole Trace and Number
GOLDEN ARROW Mineralized Interval
PROPERTY Cut-Off = 0.3 g/t Au 500m
Composite Cross Section
50S & 75S
Looking NE 550m
SCALE Assay Bars > 0.3 g/t Au
A11-27
0 50 100m
MGR: TSX-V
28 www.murgor.com

29. Golden Arrow – Composite Cross Section 100S-125S
300W
250W
200W
150W
450W
400W
350W
100W
100E
150E
200E
250E
300E
350E
50W
50E
BL
Overburden
Surface
DRILL HOLE INTERCEPTS USING
Current
Open Pit
50m
0.5 g/t Au cut-off grade
(Intervals listed from top to bottom of drill hole)
A10-05: 1.22 g/t Au over 111.0m
100m
A10-06: 1.23 g/t Au over 61.0m
A10-06
Mafic Volcanics A11-09 A11-09: 1.55 g/t Au over 85.0m
A10-05
150m
A11-30: 0.81 g/t Au over 29.0m
Syenite
Mafic Volcanics 0.77 g/t Au over 37.0m
200m A11-31: 1.43 g/t Au over 54.0m
2.03 g/t Au over 20.0m
A11-30
250m
300m
Syenite
350m
400m
450m
A11-31
Drill Hole Trace and Number
GOLDEN ARROW Mineralized Interval
PROPERTY Cut-Off = 0.3 g/t Au 500m
Composite Cross Section
100S & 125S
Looking NE 550m
SCALE Assay Bars > 0.3 g/t Au
A11-27
0 50 100m
MGR: TSX-V
29 www.murgor.com

30. Golden Arrow – Composite Cross Section 100S-125S with Cut-Off Contour
300W
250W
200W
450W
400W
350W
150W
100W
100E
150E
200E
250E
300E
350E
50W
50E
BL
Overburden
Surface
DRILL HOLE INTERCEPTS USING
Current
Open Pit
50m
0.5 g/t Au cut-off grade
(Intervals listed from top to bottom of drill hole)
A10-05: 1.22 g/t Au over 111.0m
100m
A10-06
A10-06: 1.23 g/t Au over 61.0m
A11-09
Mafic Volcanics A11-09
A10-05
Mafic Volcanics A11-09: 1.55 g/t Au over 85.0m
150m
A11-30: 0.81 g/t Au over 29.0m
Syenite
0.77 g/t Au over 37.0m
200m A11-31: 1.43 g/t Au over 54.0m
A11-30
2.03 g/t Au over 20.0m
250m
GOLD MINERALIZATION LEGEND
> 0.3 g/t Au cut-off grade 300m
> 0.5 g/t Au cut-off grade
Syenite
> 1.0 g/t Au cut-off grade
350m
400m
450m
A11-31
Drill Hole Trace and Number
GOLDEN ARROW Mineralized Interval
PROPERTY Cut-Off = 0.3 g/t Au 500m
Composite Cross Section
100S & 125S
Looking NE 550m
SCALE Assay Bars > 0.3 g/t Au
A11-27
0 50 100m
MGR: TSX-V
30 www.murgor.com

31. Golden Arrow – Cross Section 200S
450W
400W
350W
200W
300W
250W
150W
100W
100E
150E
200E
250E
300E
350E
50W
50E
BL
Surface
DRILL HOLE INTERCEPTS USING
Current
Open Pit
50m
0.5 g/t Au cut-off grade
(Intervals listed from top to bottom of drill hole)
A10-18: 1.43 g/t Au over 72.0m
Mafic Volcanics 100m
0.92 g/t Au over 7.0m
A10-19: 1.28 g/t Au over 108.0m
150m A11-22: 1.36 g/t Au over 113.0m
A11-19 A11-23: 0.98 g/t Au over 91.0m
A11-18 A11-22
A11-23 200m incl. 1.84 g/t Au over 35.0m
A11-34: 1.37 g/t Au over 12.0m
250m
2.87 g/t Au over 4.5m
0.57 g/t Au over 51.0m
Syenite Mafic Volcanics
A11-39: 0.79 g/t Au over 6.0m
300m
0.52 g/t Au over 7.5m
0.75 g/t Au over 28.0m
350m A11-40: 0.99 g/t Au over 16.5m
1.65 g/t Au over 49.5m
400m
A11-40
450m
Drill Hole Trace and Number
GOLDEN ARROW Mineralized Interval
PROPERTY Cut-Off = 0.3 g/t Au 500m
A11-34
Cross Section 200S
Looking NE
(Murgor Drill Holes) 550m
SCALE Assay Bars > 0.3 g/t Au
A11-27
0 50 100m A11-39
MGR: TSX-V
31 www.murgor.com

32. Golden Arrow – Cross Section 200S with Cut-Off Contour
450W
400W
350W
200W
300W
250W
150W
100W
100E
150E
200E
250E
300E
350E
50W
50E
BL
Overburden
Surface
DRILL HOLE INTERCEPTS USING
Overburden
Current
Open Pit
0.5 g/t Au cut-off grade
50m
(Intervals listed from top to bottom of drill hole)
Mafic Volcanics
Syenite Mafic A10-18: 1.43 g/t Au over 72.0m
Volcanics 100m
0.92 g/t Au over 7.0m
Syenite A10-19: 1.28 g/t Au over 108.0m
150m A11-22: 1.36 g/t Au over 113.0m
A11-19 A11-23: 0.98 g/t Au over 91.0m
A11-22
A11-18 A11-23 200m incl. 1.84 g/t Au over 35.0m
A11-34: 1.37 g/t Au over 12.0m
250m
2.87 g/t Au over 4.5m
GOLD MINERALIZATION LEGEND
0.57 g/t Au over 51.0m
A11-39: 0.79 g/t Au over 6.0m
> 0.3 g/t Au cut-off grade 300m
> 0.5 g/t Au cut-off grade
0.52 g/t Au over 7.5m
> 1.0 g/t Au cut-off grade 0.75 g/t Au over 28.0m
350m A11-40: 0.99 g/t Au over 16.5m
1.65 g/t Au over 49.5m
400m
A11-40
450m
Drill Hole Trace and Number
GOLDEN ARROW Mineralized Interval
PROPERTY Cut-Off = 0.3 g/t Au 500m
A11-34
Cross Section 200S
Looking NE
(Murgor Drill Holes) 550m
SCALE Assay Bars > 0.3 g/t Au
A11-27
0 50 100m A11-39
MGR: TSX-V
32 www.murgor.com

33. Golden Arrow – Cross Section 300S
300W
250W
200W
150W
450W
400W
350W
100W
100E
150E
200E
250E
300E
350E
50W
50E
BL
Surface
Overburden DRILL HOLE INTERCEPTS USING
50m 0.5 g/t Au cut-off grade
(Intervals listed from top to bottom of drill hole)
100m A10-24: 1.10 g/t Au over 50.0m
A10-32: 0.92 g/t Au over 86.0m
incl. 2.11 g/t Au over 15.0m
150m
A11-24
200m
Syenite
Syenite
250m
300m
350m
400m
A11-32
450m
Drill Hole Trace and Number
GOLDEN ARROW Mineralized Interval
PROPERTY Cut-Off = 0.3 g/t Au 500m
Cross Section 300S
Looking NE
(Murgor Drill Holes) 550m
SCALE Assay Bars > 0.3 g/t Au
A11-27
0 50 100m
MGR: TSX-V
33 www.murgor.com

34. Golden Arrow – Cross Section 300S with Cut-Off Contour
300W
150W
450W
400W
350W
250W
200W
100W
100E
150E
200E
250E
300E
350E
50W
50E
BL
Surface
Overburden
DRILL HOLE INTERCEPTS USING
50m
0.5 g/t Au cut-off grade
(Intervals listed from top to bottom of drill hole)
100m
A10-24: 1.10 g/t Au over 50.0m
A10-32: 0.92 g/t Au over 86.0m
Syenite incl. 2.11 g/t Au over 15.0m
150m
A11-24
200m
Syenite
250m
GOLD MINERALIZATION LEGEND 300m
> 0.3 g/t Au cut-off grade
> 0.5 g/t Au cut-off grade 350m
> 1.0 g/t Au cut-off grade
400m
A11-32
450m
Drill Hole Trace and Number
GOLDEN ARROW Mineralized Interval
PROPERTY Cut-Off = 0.3 g/t Au 500m
Cross Section 300S
Looking NE
(Murgor Drill Holes) 550m
SCALE Assay Bars > 0.3 g/t Au
A11-27
0 50 100m
MGR: TSX-V
34 www.murgor.com

35. Golden Arrow – Composite Cross Section 50S-75S
150W
100W
450W
400W
350W
300W
250W
200W
100E
150E
200E
250E
300E
350E
50W
50E
BL
Overburden
Current
Open Pit
Surface
DRILL HOLE INTERCEPTS USING
50m
0.5 g/t Au cut-off grade
(Intervals listed from top to bottom of drill hole)
A10-01
100m
A10-01: 1.18 g/t Au over 55.0m
A10-07: 1.08 g/t Au over 82.0m
Mafic Volcanics
Syenite A10-07 A11-28: 1.35 g/t Au over 122.0m
150m
A10-08
A11-29: 1.03 g/t Au over 21.0m
1.62 g/t Au over 7.0m
200m
A11-29
A11-38: 0.96 g/t Au over 12.0m
1.23 g/t Au over 7.5m
250m
Syenite
Mafic Volcanics
300m
A11-28
350m
400m
A11-38
450m
Drill Hole Trace and Number
GOLDEN ARROW Mineralized Interval
PROPERTY Cut-Off = 0.3 g/t Au 500m
Composite Cross Section
50S & 75S
Looking NE 550m
SCALE Assay Bars > 0.3 g/t Au
A11-27
0 50 100m
MGR: TSX-V
35 www.murgor.com

36. Golden Arrow – Cross Section 700S Exploration drill holes
36

37. Golden Arrow – Cross Section 800S Exploration drill holes
37