Mr. Jens Hansen reports

MELKIOR ANNUAL SHAREHOLDERS MEETING AND CORPORATE UPDATE

Melkior Resources Inc. held its annual shareholder meeting on Feb. 24, 2015, in its Ottawa office. The shareholders approved the appointment of three directors, Jens Hansen, Bruce Deluce and Norman Farrell, with a 99-per-cent approval. Raymond Chabot Grant Thornton LLP will remain as the auditor of the corporation for the Aug. 31, 2015, year-end audit.

Melkior is focusing its exploration in Carscallen township, where recent drilling has extended the Zam-Zam Shenkman gold trend south to the Lake Shore Gold Corp./Melkior boundary. The first shallow hole drilled at boundary encountered 0.3 metre of 39.2 grams per tonne gold and 36.3 grams per tonne silver within a 1.8-metre-wide anomalous unit at a vertical depth of 38 metres. Experience on this trend suggests mineralization increases in width at depth, and deeper holes are scheduled. Lake Shore is encountering significant gold intersections approximately five kilometres east of Melkior's drilling.

Approximately 33,000 metres has been drilled farther north on the same trend. An interpretation of all previous data is under way to assess the optimum drill pattern for evaluation of the zone along strike at depth.

The Launay gold project, financed by Beaufield Resources Inc., is undertaking a National Instrument 43-101 study of the near-surface gold mineralization. The work includes evaluation of approximately 40,000 metres of historical drilling. The project is located on a paved highway within 70 kilometres of several operating gold mills. Melkior is the operator of Launay.

Melkior personnel will be present at the Prospectors and Developers Association Convention from March 1, 2015, to March 4, 2015, in Toronto (booth 3302).