Mr. Keith Deluce reports

MELKIOR ANNOUNCES $1.5M NON-BROKERED PRIVATE PLACEMENT

Melkior Resources Inc. intends to complete non-brokered private placements to raise gross proceeds of up to $1.5-million through the issuance of up to: (i) 3.6 million units of the company at a price of 15 cents per unit for gross proceeds of up to $540,000 (the hard-dollar offering); and (ii) 5,818,182 flow-through (FT) common shares at a price of 16.25 cents per FT share for gross proceeds of up to $960,000.

Highlights:

• Non-brokered private placement to raise up to $1.5-million to finance exploration and corporate purposes, including an up-to-5,000-metre drill program at the Carscallen project;
• The drill program will follow up on high-grade gold intercept from MKR-24-002: 77.4 grams per tonne (g/t) gold (Au) over 6.9 metres, including 445 g/t Au over 1.2 metres.
• The company currently has working capital of $1.1-million.
• The Carscallen project is located in the West Timmins gold camp, an area gaining renewed interest following recent M&A (merger and acquisition) activity.

With respect to the hard-dollar offering, each unit will consist of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional share at a price of 22 cents per warrant share for a period of two years from the date of issuance. With respect to the FT offering, the FT shares qualify as flow-through shares within the meaning of Subsection 66(15) of the Income Tax Act (Canada) and as defined in Section 359.1 of the Quebec Tax Act with respect to proposed purchasers in Quebec.

The gross proceed from the offering of the FT shares will be used to incur Canadian exploration expenses that are flow-through mining expenditures (as such terms are defined in the tax act) related to the company's mineral properties. Gross proceeds from the hard-dollar offering will be used for general and administrative expenses and working capital.

The company may pay a finder's fee in connection with the offering to eligible arm's-length finders in accordance with the policies of the TSX Venture Exchange.

All securities issued under the offering are subject to the company's filing requirements with the exchange and all securities will be subject to a four-month statutory hold period following closing.

About Melkior Resources Inc.

Melkior Resources is an exploration-stage resource company operating in world-class mining jurisdictions across Quebec and Ontario. The company is dedicated to advancing a portfolio of high-potential mineral properties with a primary focus on gold exploration.

Melkior's flagship projects include the Carscallen project, the Beschefer East project, the Genex project and the Val d'Or project. These projects are strategically located in the Abitibi greenstone belt, known for hosting significant gold and base metal deposits.

We seek Safe Harbor.