Morgan Resources Corp. Announces Update on Operations in New Brunswick

Toronto, Ontario--(Newsfile Corp. - December 29, 2015) - Morgan Resources Corp. (TSXV: MOR) (the "Company" or "Morgan Resources") provided an update on its operations in New Brunswick. "Given the current market for raising funds for junior exploration companies, Morgan Resources has decided not to complete its expenditure obligations on the Chamberlain and L'Or Bai properties in New Brunswick," advised Raniero Corsini, CEO. Management's goal is to acquire additional mineral exploration opportunities in Canada.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Raniero Corsini

Chief Executive Officer
Morgan Resources Corp.
Email: rcorsini@morganresources.ca
Tel: 647 352-4905