Mr. Jonathon Deluce reports

MELKIOR RESOURCES STRATEGICALLY EXPANDS ITS VAL D'OR PROPERTY

Melkior Resources Inc. has added claims to the Val D'Or property through direct staking. This addition adds eight claims (371.96 hectares), seven kilometres northeast of Probe Metal's Pascalis gold trend, where it has had a lot of recent success (see news release from Probe Metals on Oct. 28, 2020, 5.9 g/t Au over 9.2 metres).

Jonathon Deluce, chief executive officer of Melkior, remarks: "We are excited to announce the addition to the Val D'Or property at no dilution to shareholders. IP on Target 4 is under way, and we look forward to providing an update when available. In defining our January, 2021, drill targets, we are reviewing past successful programs from our neighbours in the camp to put the strongest targets forward. We will provide further details on our targets and drilling plans shortly."

The claims were acquired by direct staking, and they include the lanaudiere formation, which is made of basalts and mafic volcaniclastics.

Qualified person

This press release was prepared by Steven Lauzier, vice-president of exploration for Quebec, PGeo, OGQ, and by Pierre-Alexandre Pelletier, PGeo, OGQ, who are qualified persons as defined under National Instrument 43-101, and who reviewed and approved the geological information provided in this news release.