Melkior Acquires Additional Denton Claims

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

Melkior Acquires Additional Denton Claims

October 18, 2017 Trading Symbol: MKR

TSX Venture Exchange

Timmins, Ontario. Melkior Resources Inc. (“ Melkior ”) is pleased to announce that it has

purchased, for a total cash payment of $5,000, an additional 3 claims totaling 20 units in Denton

Township, Timmins, Ontario (“ Property ”).

The Property is located within an interpreted area of disruption and splay faults related to the

Destor Porcupine Fault Zone ( PDFZ ). The Property is located one kilometer south of t he

Carscallen Project claim group, Highway 101 and adjoins Tahoe Canada mining claims.

The PDFZ is considered to be an important structure related to gold mineralization within the

Timmins Gold Camp. The location of the PDFZ and its relationship to gold deposition has been

the subject of much study and interpretation. The l ocation of the PDFZ in Denton Township is

not well defined. Melkior’s current working hypothe sis positions the Carscallen Project north of

the Porcupine Destor Fault in an area where an appa rent inflection in the PDFZ may have

produced splay faults and a series of generally nor th south trending structures that host Melkior

gold zones.

The acquisition of the Property expands Melkior’s a lready a significant land package in this

exciting area of Carscallen and Denton Townships.

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 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.

This news release contains forward-looking statements that address future events and conditions, which are subject to various risks

and uncertainties. Melkior’s actual results, programs and financial position could differ materially from those anticipated in such

forward-looking statements as a result of numerous factors, some of which may be beyond Melkior’s control. These factors include:

the availability of funds; the timing and content o f work programs; results of exploration activities and development of mineral

properties, the interpretation of drilling results and other geological data, the uncertainties of res ource and reserve estimations,

receipt and security of mineral property titles; pr oject cost overruns or unanticipated costs and expe nses, fluctuations in metal

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prices; currency fluctuations; and general market a nd industry conditions. Forward-looking statements are based on the

expectations and opinions of Melkior’s management on the date the statements are made. The assumptions used in the preparation

of such statements, although considered reasonable at the time of preparation, may prove to be impreci se and, as such, undue

reliance should not be placed on forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Ser vices Provider (as that term is defined in the poli cies of the TSX Venture

Exchange) accepts responsibility for the adequacy or accuracy of this release.