Mr. Jonathon Deluce reports

MELKIOR PROVIDES UPDATE ON FINANCING

Melkior Resources Inc.'s $1-million financing with Kirkland Lake Gold of 1.25 million units at 80 cents per unit, previously announced on May 20, 2020, is proceeding. The company expects it to close within the next 30 days.

Jonathon Deluce, chief executive officer of Melkior, comments: "We continue to have positive discussions with Kirkland Lake as we work to finalize the potential option and JV agreement. We appreciate the patience of all our shareholders and will provide a further update as soon as possible. We look forward to getting back to work on our Carscallen project."