Mr. Jens Hansen reports

MELKIOR INTERSECTS 1.5 METRES AT 34.06 G/T GOLD AT THE CARSCALLEN GOLD PROJECT, IN TIMMINS, ONTARIO

Melkior Resources Inc. has released results from the first six holes of 15 holes from its current drill program. These six holes include gold intersections of 1.50 metres of 34.06 grams per tonne (g/t) gold and of 0.65 metre of 40.4 g/t gold (see the associated table for complete results). The six holes covered a portion of the ZamZam zone for over 170 metres along strike. The holes were collared to intersect the zone at an approximate vertical depth of 80 to 115 metres along the strike and at an approximate 30-metre spacing to systematically test the internal variations of grades and type of veining. The current program complements earlier drilling and is intended to be used in a resource calculation.

                         DRILL RESULTS

                           From         To     Length                       
Drill hole No.         (metres)   (metres)   (metres)   Gold (g/t)

CAR-86-2013               29.50      30.15       0.65         0.98
CAR-86-2013               36.00      36.75       0.75         3.44
CAR-86-2013               39.40      40.40       1.00         1.36
CAR-86-2013               91.35      92.00       0.65        40.40
CAR-87-2013               13.50      14.00       0.50         2.37
CAR-87-2013              108.00     109.00       1.00         2.95
CAR-88-2013               88.75      90.25       1.50        34.06
Including                 88.75      89.30       0.55        80.50
CAR-89-2013               90.40      91.00       0.60         0.91
CAR-89-2013              104.10     104.65       0.55         1.04
CAR-89-2013              110.00     110.50       0.50         1.34
CAR-89-2013              111.20     112.10       0.90         0.71
CAR-90-2013               83.15      84.15       1.00         8.73
CAR-90-2013               96.25      99.15       2.90         3.19
Including                 98.20      99.15       0.95         8.93
CAR-90-2013              100.00     100.85       0.85         0.72
CAR-90-2013              108.25     109.00       0.75         2.46
CAR-90-2013              112.10     113.00       0.90         1.80
CAR-90-2013              113.00     114.00       1.00         0.96
CAR-90-2013               83.15     114.00      30.85         0.77
CAR-91-2013               21.55      22.40       0.85         1.07
CAR-91-2013               26.10      26.70       0.60         1.52
CAR-91-2013              100.10     100.60       0.50         25.7

Within the ZamZam system, the mineralized veins vary in width and grade along strike. The high-grade mineralization consists of a single interval varying from 0.50 to two metres thick and includes quartz veins and pyrite veins; pyrite proportion varies. This single interval typically contains gold grades above 10 g/t. The lower-grade series of veins consists of several small quartz and pyrite veins occurring within a five-to-10-metre interval for a total intersection of about 20 to 30 metres wide. These veins commonly contain gold grades below five g/t.

Gold intersections were encountered at the top of some holes (which represent the Jowsey zone); the focus, however, remains on the ZamZam zone for resource calculation purposes.

Conclusion

These results are encouraging because they demonstrate that high-grade mineralization occurs in a single vein structure which is easy to follow from one hole to the next.

Drill data from 2007 to 2012 will be integrated with the current drilling to present a plan for the top part of the ZamZam system. This will provide the lateral and vertical outline of the upper portion of the zone.

Results are pending for approximately 100 samples from the remaining nine holes.

Quality control

Core processing included descriptive logging and systematic sampling for analysis. The drill core was sawn in half, with one-half delivered to a commercial laboratory and the other half retained for future reference. Samples were submitted to ALS Chemex Laboratories in Timmins, Ont. The processed samples were subjected to a standard fire assay with AA technique (Au-AA-23) on a 30-gram subsample. Standards and blanks were inserted randomly into the sample shipments as part of the sampling protocol. For samples returning greater than 10 g/t gold, follow-up analysis using fire assay with a gravimetric finish is completed. Following receipt of assays, visual analysis of mineralized intercepts is conducted, and additional analyses may be requested to ensure the accurate representation of the mineralized zones.

This press release was prepared by Dr. Eric Hebert, PGeo, of GeoVector Management Inc., qualified person under National Instrument 43-101. Dr. Hebert has supervised the diamond drill program, logged the core, designed the sampling program and reviewed the quality control information.

We seek Safe Harbor.