MKR.V · 2020-02-20 12:00:00

Melkior Announces Awarding of Drill Contract and New Director

Management Changes

44974996.2

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

February 20, 2020 Trading Symbol: MKR

TSX Venture Exchange

Timmins, Ontario. Melkior Resources Inc. (“Melkior” or the “Company”) (TSXV:MKR) is

pleased to announce that it has engaged the services of Forage DCB Drilling for its second phase

1800 meter drill program in Carscallen Township that will commence on March 6th.

The Company is also pleased to announce that it has appointed Jonathon Deluce as a director of

the Company to fill a vacancy created by the resignation of Charles Joseph Deluce. Melkior

thanks Mr. Deluce for his valuable contributions to Melkior and wishes him well in future

endeavours.

Mr. Deluce is a Chartered Accountant and Chartered Professional Accountant. Mr. Deluce is a

former Manager at Ernst & Young (“EY”). While at EY he worked in the assurance and advisory

practices. During his time in assurance, he led quarterly and year-end audit engagements on New

York Stock Exchange (“NYSE”) and Toronto Stock Exchange (“TSX”) clients in the

construction, mining and power utilities industries. While in advisory, he led internal audit

projects on multiple intermediate gold producers. Mr. Deluce founded Silverwater Capital which

specializes in exploration property acquisitions in Ontario and Québec. Mr. Deluce graduated

with a Bachelor of Business Administration degree, with a specialization in accounting, from the

University of Western Ontario and obtained his Chartered Professional Accountant designation

from the CPA Association of Canada. Mr.Deluce owns 400,000 common shares and 900,000

warrants as at February 20, 2020.

The Company has recently sent out its notice of meeting, information circular and related proxy

documents (the “Meeting Materials”) in connection with its upcoming shareholder meeting set for

March 12, 2020. The Meeting Materials disclose Charles Joseph Deluce for election as a director.

In light of Mr. Charles Deluce’s resignation, unless contrary instructions are given in a

shareholder’s proxy or voting instruction form, a vote “for” Mr. Charles Deluce will be exercised

as recommended by management as a vote for Mr. Jonathon Deluce.

ON BEHALF OF THE BOARD

Keith James Deluce, CEO

For more information, please contact:

Melkior Resources Inc.

Tel: 705-267-4000

44974996.2

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.