Melkior Announces Extension of Warrants

MELKIOR RESOURCES INC.

NEWS RELEASE

MELKIOR ANNOUNCES EXTENSION OF WARRANTS

June 22, 2011 Trading Symbol: MKR TSX Venture Exchange

Ottawa, Ontario. Melkior Resources Inc. ("Melkior") is pleased to announce that, subject to regulatory approval, it has agreed to extend for one year the term of the following previously issued share purchase warrants:

Number of Exercise Issue Expiry date prior Revised Expiry warrants price Date to revision Date

4,758,928 0.35 June 30, 2009 June 30, 2011 June 30, 2012

For further information:

Jens E. Hansen President, Melkior Resources Inc.

Tel: (613) 721–2919 Fax: (613) 680-1091

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.