Melkior – Maseres Volcanic Trend Established

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

MELKIOR – MASERES VOLCANIC TREND ESTABLISHED

September 10, 2018 Trading Symbol: MKR

TSX Venture Exchange

Timmins, Ontario. Melkior Resources Inc. (“Melkior”) is pleased to confirm that volcanic units

including, mafic tuff and chert are present on the Maseres Project area. This establishes the

historical presence of a subaqueous volcanic envi ronment. Melkior has previously stated the

opinion that “The Maseres Project may be situated in one of the most prospective gold rich,

Bousquet Type, VMS environments Canada has ev er seen.” A subaqueou s volcanic environment

is one of the prerequisites for a suitable deposit ional environment for a go ld rich, Bousquet Type,

VMS deposit.

In 2017 Melkior conducted groundwork comprised of soil sampling and an initial prospecting

campaign over the EM anomaly trend defined in a historic airborne survey. Both of these

endeavors were considered successful with mafic subcrop being identified along with evidence of

hydrothermal alteration, veining and limited mine ralization. The assay results from the soil

sampling program exceeded our expectations, resolving Melkior to conduct a VTEM survey over

the entire property.

The results of the 2018 VTEM survey exceeded our expectations, extending the formational

conductor, with locally associated anomalous soil geochemistry, about 10 km to the southwest. A

substantial soil sampling program is ongoing and expected to be completed before the end of

summer. Melkior’s news release dated August 27, reported a summary of the results of the first

batch of submitted soil samples. The highest sample soil sample assayed 1,100 ppb gold in the A-

Horizon (1.1 ppm Au or 1.1 g/t Au). This hi ghly elevated gold in soil anomaly overlies the

formational conductive trend and is about 8 kilometers southwest of the 2017 soil survey grid. It

is noteworthy that this sample c ontained other elevated elements such as silver and copper. The

remaining part of the soil chemistry results have been received and will be the focus of a news

release in the immediate future. It is significant to note that the highest gold in soil result in this

second batch of assays was 385 ppb Au, and located close to the 1,100 ppb Au sample and

similarly overlying the formational conductor.

A gold rich, Bousquet Type, VMS deposit can only form in a suitable depositional environment,

that environment would include extrusive mafi c volcanic rocks in a subaqueous environment.

Reconnaissance geology has identified what appears to be metamorphosed mafic flows, mafic tuff

and chert. Mafic units are commonly observed in close proximity to the EM conductive trend in

outcrop, subcrop and or large angular boulders.

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A series of maps have been prepared to provide a visual collage of some of the rocks observed

and their location with respect to EM anomalies, conductive zones and magnetics.

PRIMARY ANOMALY TREND AREA

PHOTOS OF BEDROCK

EM ANOMALIES, TOTAL MAGNETIC INTENSITY

http://www.melkior.com/2018_09_4_Geology_EM_TMI.pdf

POWER LINE MONITOR ANOMALY AREA

PHOTOS OF SUBCROP AND ANGULAR BOULDERS

MKR VTEM Z dB/dt Channel 10, Time Gate 0.055 ms

http://www.melkior.com/2018_09_4_PLM_Detail.pdf

The Maseres VTEM survey was flown to provid e a solid data foundati on to the project. A

geophysical expert has been engaged to interpre t and provide modelling services. In conjunction

with the geological information and soil geochemistry, this professional geophysical interpretation

will provide guidance in selecting and prioritizing drill collar locations.

Jim Deluce, CEO of Melkior remarks, “Melkior c ontinues to be encouraged by the results of our

ongoing exploration efforts. I am looking forward to receiving the professional interpretation of

the geophysical data and to start considering drilling options.”

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

Exploration Manager of the Company and is Qua lified 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.

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