The TSX Venture Exchange has accepted for filing the company's change of business, which includes the acceptance of the share sale and purchase agreement dated March 31, 2014, between Melior Resources Inc., Melior Australia Pty. Ltd. (wholly owned subsidiary of the company), and Belmont Park-Monto Pty. Ltd., Panorama Ridge-Monto Pty. Ltd. and Sashimi Investments Pty. Ltd., with respect to the acquisition of 100 per cent of the issued and outstanding shares of Belridge Enterprises Pty. Ltd. Belridge is an Australian incorporated company which owns the Goondicum ilmenite project located in Queensland, Australia.

In consideration of the acquisition of 100 per cent of the issued and outstanding shares of Belridge, the company will issue to the vendors:

• 38,087,971 shares of the company at completion date;
• Up to an additional 38,087,971 shares of the company as earn-out consideration if certain conditions are met in the future.

The company will pay to Element Capital Management Pty. Ltd., the sum of $250,000 (Australian) as a settlement sum in connection with the agreement (finder's fee) between Belridge and Element dated July 25, 2013.

The company is classified as an exploration and mining company.

Capitalization:  Unlimited shares with no par value, of which 211,468,945 shares are issued and outstanding

Escrowed:  38,087,971 common shares

Escrow term:  Two years

Symbol:  MLR (unchanged)