Mr. Keith Deluce reports

MELKIOR ANNOUNCES CARSCALLEN UPDATE

The option agreement dated Sept. 25, 2020, and amended on Sept. 19, 2022, entered into with Kirkland Lake Gold Ltd. (predecessor in interest to Agnico Eagle Mines Ltd.), with respect to Melkior Resources Inc.'s Carscallen project, has been terminated. As a result, Melkior will retain a 100-per-cent ownership of the Carscallen project.