Melkior Announces Two Years Extension of Warrants

October 18, 2016 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 two years the term of the following previously issued share purchase warrants:

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

7,810,000 0.05 October 20, 2014 October 20, 2016 October 20, 2018

Melkior has significantly advanced its exploration projects during the past year thanks to the investors in 2014 and is of the opinion that an extension of these warrants is justified.

About Melkior:

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

For more information:

Melkior Resources Inc.

Jim Deluce, CEO Tel: 613.721.2919 Fax: 613.680.1091 E-mail: [email protected]

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.