Melkior – Maseres Program Update

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

MELKIOR – MASERES PROGRAM UPDATE

August 27, 2018 Trading Symbol: MKR

TSX Venture Exchange

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

analytical results have been received for a porti on of the first batch of soil samples from the

Maseres Project. The first batch of soil samples consisted of 751 samples, results have been

received for 486. These samples were submitted June 20, 2018, results were received August 22.

The following presents a partial list of the A-horizon soil sample results:

Copper :19 samples between 12 and 30 ppm, 6 samples between 30 and 100 ppm (mean 4 ppm)

Lead: 11 samples between 12 and 18 ppm, mean (4 ppm)

Silver: 36 samples between 0.12 and 0.5 ppm, one sample over 0.7 ppm (mean 0.04 ppm)

Gold: 8 samples between 0.015 and 0.05 ppm, one sample over 1.00 ppm (mean 0.005 ppm)

1 ppm = 1 g/t (grams per tonne)

Elemental maps will be generated and presented on the Melkior website as further chemical

results are received from the soil sampling pr ogram. The soil samples presented above were

collected at the southwestern end of the soil grid, about eight kilometers from where soil sampling

was conducted by Melkior last year. An initial program of 5,000 A-Horizon soil samples locations

have been established, samples are being collec ted on a 50m x 50 m grid spacing. The following

link, released in a previous news release, pres ents the layout of the soil sampling program over a

base map depicting areas of bedrock conductivity.

Maseres Proposed Soil Sampling Locations on Z dBdt Channel 10 Base

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

The analytical data from soil sampling combined with the results of the geological program will

be integrated with geophysical modelling and in terpretation to make an initial assessment of

drilling options.

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

drill targets on our Maseres Project.”

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

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

43-101.

2

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.