Melkior - Maseres IP Survey Progress

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

MELKIOR - MASERES IP SURVEY PROGRESS

November 30, 2018 Trading Symbol: MKR

TSX Venture Exchange

Timmins, Ontario. Melkior Resources Inc. (“ Melkior”) is pleased to provi de an update on the

progress of the IP survey underway on the Masere s Project. A survey of 46 line kilometers of

pole-dipole induced polarization survey is being conducted by GÉOPHYSIQUE TMC from Val-

d’Or. Line cutting has now been completed. Data collection for the IP survey is expected to be

completed before December 24, 2018.

A new section has been published on the Melkior website to present the raw incoming preliminary

pseudo-sections. IP Pseudo-sections currently available: (http://www.melkior.com/ip/)

L0+00 N

L1+00N

L2+00N

L3+00N

L4+00N

L5+00N

L6+00N

A separate section provides the same pseudo-sec tions marked up with th e location of VTEM EM

anomalies. As the program progresses proposed dril l hole locations and the tr aces of holes drilled

will be added to these marked up pseudo-sections.

Additionally, some composite maps have been published to provide focused context to the area of

the new grid. These maps focus on the area of the new grid and provide the location of the

individual lines, and VTEM EM anomalies overlain on a variety of base maps.

Maps published to provide context include:

Grid Layout on Satellite Imagery Base

Grid Layout on Sharp Solutions Interpretation Base

Grid Layout on Sharp Solutions EM Ternary Base

Grid Layout on Total Magnetic Intensity Base

Grid Layout on Topographic Base

Grid Layout on Calculated Vertical Gradient Base

Grid layout with Gold in A-Horizon

Grid layout with Silver in A-Horizon

Grid layout with Copper in A-Horizon

Grid layout with Lead in A-Horizon

2

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.