Melkior - Maseres IP Survey Commenced

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

MELKIOR - MASERES IP SURVEY COMMENCED

November 27, 2018 Trading Symbol: MKR

TSX Venture Exchange

Timmins, Ontario. Melkior Resources Inc. (“ Melkior”) continues to aggressively advance the

Maseres Project. A 46 km kilome ters of pole-dipole induced polarization survey has been

awarded to GÉOPHYSIQUE TMC from Val-d’Or. Line cutting is over 90% complete and the

ground geophysical survey has already commenced. The IP survey is expected to be completed

before December 24, 2018.

Consistent with Melkiors previous news releases a focus area on the Maseres Project was selected

based on a combination of: year-round access; c onfirmation of VMS type mineralization;

correlation of VMS type mineralization to EM anomalies; supporting geological data from

outcrop; and robust geochemical (Au, Cu, Ag ) signature obtained in the 2017 soil sampling

program. The grid was established for ground cont rol. The IP survey is being conducted to

establish an approximation of bedrock topogra phy and to provide detailed information on the

location and strength of conductive targets. The weather has been cooperative and the lakes within

the new grid area have been reported to be suffici ently frozen to permit complete IP coverage of

the designated area. An internet lin k has been established for the IP crew to facilitate the delivery

of preliminary pseudo-sections on a daily basis.

Melkior is committed to aggressively advancing the Maseres Project. A drilling permit has

already been applied for. The application for dr illing targets the majority of the 50 individual

VTEM EM anomalies present within the area of the new grid. All potential drill targets can be

drilled from land setups (no water setups). In Qu ebec drilling permits are expected to take about

two months to process. Contingent on the awar ding of the permit, drilling could commence as

early as mid-January 2019. Melkior is currently fully funded to undertake this work commitment.

Jim Deluce, CEO of Melkior comments, “Melkior is grateful for the e xpedited line cutting

services of Jean Robert (MG Explo) and th e highly recommended and committed team from

GÉOPHYSIQUE TMC. The services of these contract ors from Val-d’Or have been critical in the

rapid advancement of the Maseres Project. Melk ior will continue to provide an unprecedented

level of transparency as this IP survey progresse s, Melkior shareholders are encouraged to engage

our website and to review the release of the preliminary IP data as it becomes available.”

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.

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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.