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Murgor Resources signs option agreement with Cartier Resources

Murgor Resources Inc. (MGR.V) today announced that it has entered into an exploration and option agreement with Cartier Resources Inc. at its wholly owned Benoist project located 65 km north-west of Lebel-sur-Quevillon in Quebec.

Under the terms of the exploration and option agreement, which remains subject to regulatory approvals, Cartier will have the option to earn an interest of up to 100% in the Benoist project, which hosts the Pusticamica gold deposit.

"Murgor is very pleased to enter into this agreement with such a solid partner as Cartier," said Andre Tessier, President and CEO of Murgor Resources. "This agreement is part of Murgor's strategy to concentrate its exploration efforts on its main asset at the Golden Arrow deposit east of Timmins, Ontario, where Murgor is continuing to expand the gold resource."

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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