Mr. Keith Deluce reports

MELKIOR ANNOUNCES PROPOSED NON-BROKERED PRIVATE PLACEMENT

Melkior Resources Inc. intends to complete a non-brokered private placement to raise gross proceeds of up to $650,000 through the issuance of up to 5,416,666 flow-through (FT) common shares comprised within units at a price of 12 cents per FT unit.

With respect to the FT offering, each FT unit will consist of one FT share and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional common share at a price of 20 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 sale of the FT shares (comprised within the FT units) 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.

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

Certain directors and officers of the company may participate in the private placement, which participation constitutes a related-party transaction, as defined in Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The issuance of any FT units to directors and officers is exempt from the valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(a) of MI 61-101 and exempt from the minority shareholder approval requirements of Section 5.6 of MI 61-101, pursuant to Subsection 5.7(1)(a) of MI 61-101.

We seek Safe Harbor.