Mr. Keith Deluce reports

MELKIOR ANNOUNCES CLOSING OF OVERSUBSCRIBED NON-BROKERED PRIVATE PLACEMENT

Melkior Resources Inc., further to its news release dated May 12, 2025, has closed its oversubscribed non-brokered private placements raising total gross proceeds of $1,699,999.08 through the issuance of (i) 4,175,993 units of the company at a price of 15 cents per unit for gross proceeds of $626,398.95, and (ii) 6,606,770 flow-through common shares at a price of 16.25 cents per FT share for gross proceeds of $1,073,600.13.

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 paid finders' fees of $76,470.51 cash and 408,434 finders' warrants to arm's-length finders in accordance with the policies of the TSX Venture Exchange. The finder's warrants are non-transferable and exercisable at 22 cents per share until the expiry date.

All securities issued in connection with the offering are subject to a four-month statutory hold period following closing and the exchange hold period expiring on Oct. 13, 2025.

Norman Farrell, a director of the company, purchased 300,000 FT shares in the FT offering. The participation by Mr. Farrell in the FT offering constituted a "related party transaction" as defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions.

The offering remains subject to the final approval of the exchange.

The securities issued pursuant to the offering have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

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.

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