Mr. Andre Tessier reports

MURGOR RESOURCES OBTAINS INTERIM ORDER FOR PLAN OF ARRANGEMENT WITH ALEXANDRIA MINERALS CORPORATION

Murgor Resources Inc. has obtained an interim order from the Quebec Superior Court with respect to Murgor's previously announced plan of arrangement with Alexandria Minerals Corp. The plan of arrangement provides that holders of Murgor common shares (other than Alexandria and Murgor shareholders validly exercising dissent rights) will receive 0.50 of an Alexandria common share in exchange for each Murgor common share and holders of Murgor stock options who do not exercise such options prior to the effective time of the arrangement will receive stock options of Alexandria, entitling the holder thereof to acquire 0.50 of an Alexandria common share for each Murgor common share the holder would have otherwise been entitled to acquire. The replacement Alexandria options will have an exercise price of 12 cents and will expire on the earlier of the expiration date of the Murgor stock options and 12 months following the effective date of the arrangement.

The interim order, among other things, authorizes Murgor to call and hold a special meeting of Murgor securityholders to consider the plan of arrangement with Alexandria. In accordance with the interim order, the special meeting of securityholders will be held in Montreal on Feb. 24, 2015, with a record date at the close of business on Jan. 19, 2015.

In connection with the special meeting, Murgor expects to mail a detailed management information circular to Murgor securityholders on or about Jan. 28, 2015. The circular will include the unanimous recommendation of Murgor's board that Murgor securityholders vote for the arrangement with Alexandria. The circular will also be available on SEDAR under Murgor's profile.

Murgor also announces that two additional Murgor shareholders, collectively holding approximately 12.48 per cent of Murgor's outstanding shares, have agreed pursuant to a support and voting agreement to support, and vote in favour of, the arrangement. As of today, each of the directors and senior officers of Murgor and certain other Murgor shareholders (including the two additional shareholders referred to herein), who hold, in the aggregate, approximately 22.59 per cent of the outstanding Murgor common shares and 67.09 per cent of the outstanding Murgor stock options, have entered into voting agreements with Alexandria agreeing to support, and vote their Murgor common shares and Murgor stock options, if applicable, in favour of, the arrangement, subject to certain exceptions.

We seek Safe Harbor.