Mr. Charles Entrekin reports

MELIOR ANNOUNCES APPOINTMENT OF NEW BOARD

Melior Resources Inc. shareholders elected Remo Mancini, Evgenij Iorich and Muneeb Yusuf to the board of directors of Melior at the shareholders meeting held on Feb. 14, 2013. Charles Entrekin was also re-elected to the board.

The board committees have been reconstituted as follows:

• Audit committee: Remo Mancini (chair), Muneeb Yusuf and Charles Entrekin;
• Compensation committee: Remo Mancini (chair), Muneeb Yusuf and Evgenij Iorich;
• Nomination and corporate governance committee: Muneeb Yusuf (chair), Remo Mancini and Evgenij Iorich;
• Investment committee: Charles Entrekin (chair), Remo Mancini, Muneeb Yusuf and Evgenij Iorich.

Charles Entrekin, chief executive officer and chairman of the board, said: "We welcome our new board members and look forward to continuing to explore investment opportunities in accordance with Melior's business strategy. We would also like to thank the outgoing directors, Mr. Gregory Radke, Mr. Robert Dietrich and Mr. Daniel Dumas for their contributions to Melior."

We seek Safe Harbor.