Melkior - Maseres Program Update

2018-08-27 / @thenewswire

(TheNewswire)

TSX Venture Exchange

Trading Symbol: MKR

August 27, 2018 / TheNewswire / Timmins, Ontario. Melkior Resources Inc. (“Melkior”) would like inform our shareholders that analytical results have been received for a portion of the first batch of soil samples from the Maseres Project. The first batch of soil samples consisted of 751 samples, results have been received for 486. These samples were submitted June 20, 2018, results were received August 22.

The following presents a partial list of the A-horizon soil sample results:

Copper :19 samples between 12 and 30 ppm, 6 samples between 30 and 100 ppm (mean 4 ppm)

Lead: 11 samples between 12 and 18 ppm, mean (4 ppm)

Silver: 36 samples between 0.12 and 0.5 ppm, one sample over 0.7 ppm (mean 0.04 ppm)

Gold: 8 samples between 0.015 and 0.05 ppm, one sample over 1.00 ppm (mean 0.005 ppm)

1 ppm = 1 g/t (grams per tonne)

Elemental maps will be generated and presented on the Melkior website as further chemical results are received from the soil sampling program. The soil samples presented above were collected at the southwestern end of the soil grid, about eight kilometers from where soil sampling was conducted by Melkior last year. An initial program of 5,000 A-Horizon soil samples locations have been established, samples are being collected on a 50m x 50 m grid spacing. The following link, released in a previous news release, presents the layout of the soil sampling program over a base map depicting areas of bedrock conductivity.

Maseres Proposed Soil Sampling Locations on Z dBdt Channel 10 Base

http://www.melkior.com/2018_06_10_MKR_Maseres_Soil_Layout_SF10.pdf

The analytical data from soil sampling combined with the results of the geological program will be integrated with geophysical modelling and interpretation to make an initial assessment of drilling options.

Jim Deluce, CEO of Melkior remarks, “Melkior is working hard towards generating high quality drill targets on our Maseres Project.”

Wade Kornik, P.Geo., has approved the information contained in this release. Mr. Kornik is the Exploration Manager of the Company and is Qualified Person as defined by National Instrument 43-101.

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.

Head Office: 66 Brousseau Ave., Suite 207, Timmins, ON P4N 5Y2 Canada