Melkior – Denton Uav-Mag™ Survey Completed

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

MELKIOR – DENTON UAV-MAG™ SURVEY COMPLETED

June 14, 2019 Trading Symbol: MKR

TSX Venture Exchange

Timmins, Ontario. Melkior Resources Inc. ( “Melkior”) is pleased to announce that the detailed

magnetic maps for the Denton Project have been received. A compilation and interpretation map

has been compiled, it is available for download at:

http://www.melkior.com/rch-content/uploads/Denton_Drone_Mag_Survey_2019.pdf

The new magnetic map, considered with other relevant geological information, indicates that the

Denton Project may have considerable gold potential. Publi shed geological maps indicate that the

Porcupine Destor Fault Zone (PDFZ) crosses the southern portion of the claim group, the PDFZ is

intersected by a converging sequence of ultramafic volcanic units. Of special interest is a series of

MDI occurrences tha t extend from the Denton Project northeaster ly towards the Tahoe Canada/

Lakeshore Mine. This potential mineralized trend from the Denton Project to the north east lies

exclusively within the land holdings of Tahoe Canada. One Tahoe’s last exploration projects in

Timmins West, before their curtailing of exploration due to problem s in Guatemala, was located

six kilometers northeast of the Denton Project (yellow dots on the compilation map). Tahoe Canada

drilled a fence of holes over the area that hosts historic Mineral Deposit Inventories:

MDI42A05SE00041, MDI42A05SE00059, MDI42A05NE00114, MDI42A05SE00054. These

MDI’s highlight the occurrence of gold mineralization as sociated with the contact of ultramafic,

mafic volcanic rocks and hematized feldspar porphyries, locally with gold mineralization. A review

of the MDI files and their locations indicates that this association continues unabated to the

boundary of the Denton Project. Interested parties are encouraged to download and review the above

Map that highlights this information.

Melkior is extremely encouraged the magnetics survey validates the ultramafic trend. The presence

of the PDFZ on the southern portion of the claim group in conjunction with the MDI trend illustrates

the high exploration potential of the Denton project. The potential for gold mineralization associated

with the contacts between mafic, ultramafic units and feldspar porphyries appears to extend

mineralization similar to the Rusk Zone at the Tahoe mine towards the Denton Project.

Melkior is in the process of defining an exploration plan and budgets for the remainder of 2019.

Wade Kornik, P.Geo., has approved the information contained in this release. Mr. Kornik is the

Ontario Exploration Manager of the Company and is a Qualified Person as defined by National

Instrument 43-101.

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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.

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TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.