Melkior – Maseres Program Initiated

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

MELKIOR – MASERES PROGRAM INITIATED

June 19, 2018 Trading Symbol: MKR

TSX Venture Exchange

Timmins, Ontario. Melkior Resources Inc. (“ Melkior”) would like inform our shareholders that

the summer program at Maseres has been initiated. Mobilization has been undertaken and a

combination of geological work and soil sampling is underway. The program will commence with

prospecting areas of the EM conductors, attempting to anchor co nceptual ideas with geological

information and assays. An initial program of 5,000 A-Horizon s oil samples will be collected on a

50m x 50 m grid spacing (see attached maps below).

The Maseres VTEM survey was flown to provide a solid data found ation to the project and to

help Melkior focus exploration efforts. The substantial collect ive areas prioritized by the VTEM

evaluation process requires that additional screening be used to further discriminate priority target

areas. Further screening is going to be initially accomplished through prospecting and A-Horizon

soil sampling over areas of the s trongest areas EM response. Up on receipt of the analysis and

geological field work a detailed interpretation of the geophysi cal data will be conducted by an

expert. The analytical data from soil sampling combined with th e results of the geological

program will be integrated with geophysical modelling and inter pretation to make an initial

assessment of drilling options.

Several maps are provided below for the interested shareholder. The first map provides regional

context and the location of the area of the summer program with in the Maseres claim group. The

three following maps focus on a common area defined as the “Cor e Detail Area” and present the

locations of EM anomalies and proposed soil sample locations on different base maps.

Maseres VTEM ZdB/dt Channel 10, neighboring conductance related maps – Detail Area Defined

http://www.melkior.com/2018_06_10_VTEM_EM_Soil_Context.pdf

Maseres Proposed Soil Sampling Locations on Topographic Base

http://www.melkior.com/2018_06_10_MKR_Maseres_Soil_Layout_Topo.pdf

Maseres Proposed Soil Sampling Locations on Horizontal Magnetic Gradient Base

http://www.melkior.com/2018_06_10_MKR_Maseres_Soil_Layout_HG.pdf

Maseres Proposed Soil Sampling Locations on Z dBdt Channel 10 Base

http://www.melkior.com/2018_06_10_MKR_Maseres_Soil_Layout_SF10.pdf

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Melkior is of the opinion the Maseres Project may be situated i n one of the most prospective gold

rich, Bousquet Type, VMS environments Canada has ever seen. The scale is highly unique. This

robust 12 km conductive trend is linked into a very intriguing 4 km by 6 km concentric magnetic

anomaly with an outer robust conductive ring anomaly. The reade r is reminded that the Maseres

land package is about 12 km by 20 km of contiguous sole ownersh ip. The anomalous trends are

centered within the Maseres Project.

Jim Deluce, CEO of Melkior remarks, “Melkior is working towards generating high quality drill

targets on the Maseres Project and to catapult this embryonic p roject to the drill stage. We are

anxious to get the Maseres Project to the drilling stage, but t h e r e i s a l s o a n e e d t o m i n i m i z e

drilling risk. The Melkior management team is working hard to a dvance the projects as quickly

and efficiently as possible. The recently completed financing e nsures that exploration will

continue for the remainder of 2018. Ultimately, I hope Melkior shareholders will appreciate the

results of our work with more than a smile.”

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

Exploration Manager of the Company and is Qualified Person as d efined 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.