Melkior – Maseres IP Target Presentation

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

MELKIOR – MASERES IP TARGET PRESENTATION

January 8, 2019 Trading Symbol: MKR

TSX Venture Exchange

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

in support of the 5,000m drill program on the Mase res Project are progressing and still anticipated

to begin on January 15, 2019.

Final reporting for the IP survey completed in la te December will not be available until January

15, 2019. Melkior would like to commend TMC Ge ophysics for their excellent professional work

and providing preliminary voxels derived from 3D i nversion of the IP data. In preparation for the

initial drill hole selection a comp osite view of available geophysical data has been prepared to

highlight IP target zones in conjunction with VTEM data. Melkior would like to share this

preliminary drill hole selection proc ess with our shareholders and invite all interested parties to

view an animated presentation focused on determ ining initial drill hole collar locations. The

animation is in MP4 format, 47.5 MB and ava ilable for download from the Melkior website

http://www.melkior.com/MelkiorMaseres2019DDHs.mp4 .

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

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

43-101.

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.