Mr. Jens Hansen reports

MELKIOR REPORTS 95% GOLD RECOVERY FROM PRELIMINARY METALLURGICAL TESTING AT ITS CARSCALLEN GOLD PROJECT

Melkior Resources Inc. has received positive gold metallurgical results from its initial metallurgical study for the Carscallen gold project in Timmins, Ont. A composite of mineralized samples from the ZamZam zone was sent to Activation Laboratories for preliminary metallurgic testing to assess gold recovery from samples of representative mineralization. A Knelson concentrator was used for gravity concentration, and then several cyanidation tests were completed on the gravity tailings. The combined gravity and cyanidation methods resulted in 95-per-cent gold recovery from 8.72-gram-per-tonne-head-grade material. Given the first-pass nature of this testing, this result is considered to be very positive.

The ZamZam zone is a gold-bearing vein system exposed on the surface for a length of 215 metres, and consists of a series of fractures filled with gold-bearing pyrite and quartz-pyrite veins hosted in granite. Surface grab samples and channel samples include a sample grading 843.72 g/t gold, and surface channels assaying 4.00 metres grading 4.95 g/t gold and 4.20 metres grading 5.66 g/t gold (see news releases dated Sept. 6, 2007, and Dec. 17, 2012). Shallow and deep drilling also revealed continuity of these gold zones.

The selected composite was derived from 39 residual core samples representative of the mineralization (that is, sampled material not used by the laboratory, commonly called rejects) and of quarter drill core from the ZamZam zone. The assayed head grade of the composite was 8.72 g/t Au. The samples selected were primarily pyrite and quartz veins hosted in granite. The samples, which comprise the composite, represent typical near-surface gold intersections found on the ZamZam zone on the Carscallen property. A total of 17.48 kilograms of material were sent to Activation Laboratories for metallurgical testing. A total of 59.47 per cent of the gold was recovered in the gravity concentrate. The combination of gravity concentration followed by cyanidation of the gravity tailings gave a total recovery and extraction of 95 per cent of the gold for the Carscallen composite. This is considered to be a very encouraging result, which demonstrates that the gold can be efficiently extracted and recovered from the ZamZam zone. An attached table indicates the drill core and their widths used in the composite.

                     DRILL CORE USED FOR THE COMPOSITE

Hole No.               Assay No.   From (m)    To (m)    Length (m)  Au (g/t)

CAR-21-2009             E429512      39.00     39.60          0.60      2.10
CAR-21-2009             E429515      41.00     41.60          0.60      2.07
CAR-21-2009             E429534     128.00    128.85          0.85      4.01
CAR-21-2009             E429537     131.15    132.00          0.85      3.30
CAR-21-2009             E429544     137.75    138.40          0.65      1.58
CAR-21-2009             E429553     143.10    143.90          0.80      1.20
CAR-21-2009             E429562     149.90    150.90          1.00      4.98
CAR-22-2009             E429584      40.50     41.15          0.65      1.17
CAR-22-2009             E429587      43.70     44.40          0.70      1.91
CAR-22-2009             E429590     122.30    123.10          0.80      2.49
CAR-22-2009             E429591     123.10    123.75          0.65      1.81
CAR-22-2009             E429592     126.20    127.00          0.80      1.89
CAR-22-2009             E429593     127.00    127.70          0.70     20.70
CAR-20-2009             H543651      80.80     81.50          0.70      1.88
CAR-20-2009             H543653      82.50     83.50          1.00     10.15
CAR-19-2009             H543618      92.00     92.70          0.70     48.00
CAR-17-2009             H543908     106.80    107.40          0.60     1.045
CAR-17-2009             H543916     120.10    120.95          0.85      9.42
CAR-44-2010             I767188     144.00    145.00          1.00      2.89
CAR-44-2010             I767191     164.35    165.15          0.80     13.65
CAR-44-2010             I767196     200.30    200.80          0.50      11.1
CAR-45-2010             I767268      68.65     69.35          0.70      3.28
CAR-45-2010             I767269      69.35     69.85          0.50      12.7
CAR-18-2009             H543587     181.80    182.40          0.60     15.65
CAR-17-2009             H543880      42.25     43.25          1.00       1.2
CAR-26-2009             E429751     233.45    233.95          0.50     14.25
CAR-26-2009             E429752     233.95    234.65          0.70      4.78
CAR-62-2010             J918744      23.25        24          0.75       4.6
CAR-62-2010             J918747         72      72.6           0.6       4.9
CAR-62-2010             J918751       73.5        74           0.5      22.7
CAR-64-2011             J918343         68      68.5           0.5      1.05
CAR-64-2011             J918359        100     100.5           0.5      1.27
CAR-44-2010             I767232     348.90    349.40          0.50     1.205
CAR-45-2010             I767278     177.00    177.50          0.50      1.23
CAR-45-2010             I767279     177.50    178.15          0.65     0.324
CAR-45-2010             I767280     178.15    178.65          0.50     0.212
CAR-45-2010             I767281     181.55    182.55          1.00     0.592
CAR-45-2010             I767282     182.55    183.20          0.65      5.22
CAR-45-2010             I767283     183.20    183.75          0.55     107.5

Going forward

The next steps for Carscallen are twofold: a) a series of shallow drill holes will be drilled to extend and close off the gold mineralization on the ZamZam zone for outlining a resource (a total of 600 to 1,000 metres of drilling); and b) the 3-D data compilation will be used to target one or more deep holes on the Shenkman zone underneath the granite to pursue the source for all near-surface gold mineralization.

Melkior's Carscallen gold project is located in the Timmins mining camp, which has excellent infrastructure. The project is accessible year-round and has paved road access.

This press release was prepared by Dr. Eric Hebert, PGeo, of GeoVector Management Inc., a qualified person under National Instrument 43-101.

We seek Safe Harbor.