Melkior Announces Share Consolidation Effective February 26

(TheNewswire)

Timmins, Ontario – TheNewswire - February 24, 2020 - Melkior Resources Inc. (“Melkior” or the “Company”) (TSXV:MKR) is pleased to announce that effective at the opening of trading on Wednesday, February 26, the Company's share capital will begin trading on a post-consolidated basis.

The consolidation, previously announced on February 10, is on the basis of one new common share for every ten old shares and the Company will have approximately 19,365,758 common shares issued and outstanding on a post-consolidation basis. All outstanding warrants and stock options will be adjusted accordingly to reflect the 1:10 share consolidation. The Company's name and trading symbol will remain unchanged and the shares will have a new CUSIP number (58549W303).

ON BEHALF OF THE BOARD

Keith James Deluce, CEO

For more information, please contact:

Melkior Resources Inc.

E-mail: info@melkior.com

Tel: 705-267-4000

The reader is invited to visit Melkior's web site www.melkior.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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