OTTAWA, ONTARIO -- (Marketwired) -- 12/02/15

Melkior Resources Inc. ("Melkior") (TSX VENTURE:MKR) (OTC PINK:MKRIF) (FRANKFURT:MEK) is pleased to provide a progress report on its wholly owned Carscallen gold project which is located approximately 25 kilometres west of the centre of Timmins Ontario and 5.5 kilometres west of Lake Shore Gold Corp's Timmins West Mine. Recent (2014) exploration drilling by Lake Shore Gold Corp has intersected several significant, northeast trending gold zones to the southwest of the Timmins West Mine along Hwy 144. Below is a figure that shows the location of the Carscallen property in relation to the Timmins Gold Camp and the Timmins West Mine

To view the Location of Carscallen Property map, please visit the following link: http://media3.marketwire.com/docs/1035319m.pdf

The Timmins West Mine owned by Lake Shore Gold Corp is presently producing about 150,000 ounces of gold per year (Lake Shore Gold Corp Website). In addition, in 2014, the Lake Shore announced the discovery of a new zone (144 Gap Zone) that had intersected 5.37 grams per tonne over 46.0 metres, including 21.87 grams per tonne over 6.0 metres and 12.54 grams per tonne over 4.4 metres. The gold mineralization has been found in north trending structures similar to the Carscallen Property.

Current work on the Carscallen property consists of a surface sampling program on the Zam Zam Zone, Jowsey Zone and the Shenkman Zone. Samples were taken from areas that were previously drilled as well as areas that have not seen past drilling. Following is a chart showing the gold results of the sampling.

Carscallen Property Sample Results                                          
East       North      Au (g/t)   Location                                   
451615     5356825    0.353      Arsenic Zone Dump                          
451962     5356935    9.66       Aumo Shaft Dump                            
451601     5358280    9.8        Jowsey Zone                                
451605     5358255    58.8       Jowsey Zone                                
451616     5358407    0.797      Jowsey Zone                                
451617     5358390    0.649      Jowsey Zone                                
451612     5358361    1.26       Jowsey Zone                                
451609     5358381    0.808      Jowsey Zone                                
451615     5358408    2.84       Jowsey Zone Shaft Dump                     
451965     5357060    0.021      Mahoney Lake West Porphyry Boulder         
451410     5356821    0.041      Porphyry with Pyrite Cubes                 
451644     5357935    0.517      Shenkman Zone166m Northeast                
451506     5357824    0.001      Shenkman Zone Porphyry                     
451515     5357788    7.18       Shenkman Zone Quartz Vein Sulphides        
451524     5357819    0.507      Shenkman Zone Shear                        
452108     5357393    0.081      Trenching North End of Mahoney Lake        
451439     5358439    1.08       Zam Zam Zone                               
451442     5358436    6.66       Zam Zam Zone                               
451438     5358407    0.079      Zam Zam Zone                               
451437     5358426    0.259      Zam Zam Zone                               
451452     5358381    1.24       Zam Zam Zone                               
451470     5358358    3.85       Zam Zam Zone                               
451474     5358351    0.39       Zam Zam Zone                               
451476     5358341    32.5       Zam Zam Zone                               
451484     5358334    13.2       Zam Zam Zone                               
451494     5358324    2.94       Zam Zam Zone                               
451496     5358314    2.78       Zam Zam Zone                               
451498     5358303    3.3        Zam Zam Zone                               
451488     5358330    18.5       Zam Zam Zone Fork Southeast                
451485     5358325    3.29       Zam Zam Zone Main Vein                     

Seven samples taken on the Jowsey Zone ranged from 0.649 to 58.8 g/t gold over a 150 meter strike length with an average of 10.7 g/t gold. The highest value (58.8 g/t gold) was found in the most southerly section of the zone where it disappears beneath overburden and swampy ground.

Fourteen samples were taken on the Zam Zam Zone over a strike length of about 135 meters. The values ranged from 0.079 to 32.5 g/t gold with an average of 6.4 g/t gold. It was noted during sampling that the zone splays in places with gold values continuing in the splays. One splay was analyzed and found to contain 18.5 g/t gold.

One sample taken on the Shenkman Zone analyzed 7.18 g/t ton gold and a sample taken on the Aumo Shaft Zone analyzed 9.66 g/t gold.

The figure below shows the relative locations of samples taken on the property.

To view the figure, please visit the following link: http://media3.marketwire.com/docs/1035319_fig1.pdf

A drill program is scheduled for December on the Carscallen property. It will consist of 5 holes (400m minimum) to test specific targets that have been generated by recent work on the property. At least one hole will test the northern extension of the Aumo Shaft Zone where drilling last year by Melkior intersected 39.2 g/t gold over 0.3 meters

The contents of this press release have been reviewed by Jens Hansen, P.Eng, President and director and Wayne Holmstead, P.Geo, Qualified Persons as defined by National Instrument 43-101.

About Melkior:

Melkior is a mineral exploration company with gold exploration projects in West Timmins, Ontario and Launay, Quebec.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Melkior's periodic reports including the annual report or in the filings made by Melkior from time to time with securities regulatory authorities.

Contacts:
Melkior Resources Inc.
Jens E. Hansen
President and CEO
613.721.2919
613.680.1091 (FAX)
info@melkior.com
www.melkior.com