TSX Venture Exchange

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

May 17, 2017 Trading Symbol: MKR TSX Venture Exchange

Timmins, Ontario. Melkior Resources Inc. (the “Company”) announces that further to its news release of May 3, 2017, it has amended the terms of its proposed debt settlement. The Company will be settling CDN$70,000 worth of debt by the issuance of 1,333,333 common shares of the Company at a deemed price of $0.0525 per share. The Company advises that $5,000 worth of the total debt is held by a non-arm’s length party and the remaining $65,000 is held by arm’s length parties. All shares issued pursuant to the debt settlement will be subject to the standard four-month regulatory hold periods.

The debt settlement transaction is subject to the acceptance of the TSX Venture Exchange.

ON BEHALF OF THE BOARD Keith James Deluce, CEO

For more information, please contact:

Melkior Resources Inc.

E-mail: [email protected] 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.