Melkior Announces Private Placement of up to $500,000

November 8, 2011 Trading Symbol: MKR TSX Venture Exchange

Ottawa, Ontario. Melkior Resources Inc. ("Melkior") is pleased to announce a non-brokered private placement of up to 4,000,000 units at a price of $0.125 per unit for gross proceeds of $500,000 (the “Offering”). Each unit is comprised of one flow-through common share and one-half a common share purchase warrant. Each whole warrant entitles its holder to purchase one additional common share at a price of $0.25 for a period of 12 months following the closing. In connection with the Offering, Melkior may pay a cash finders fee equal to 6% of the proceeds of the Offering.

The proceeds from the Offering will be used by Melkior to finance exploration expenditures on its properties located in the Province of Ontario. The majority of the funds will be allocated to the following projects: Carscallen (West Timmins), Long Lac, Henderson and Shaw in Ontario.

The Offering is subject to regulatory approval.

About Melkior:

Melkior is a junior exploration company with active exploration projects in West Timmins and the Mc Faulds “Ring of Fire” areas of Ontario. Melkior also holds a 49% interest in the Delta Kenty nickel-copper-platinum-palladium deposit in Ungava and has several other gold properties in Ontario and Quebec.

For more information:

Melkior Resources Inc.

Tel: 613.721.2919 Fax: 613.680.1091 E-mail: [email protected] Web: 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.