Melkior Announces Closing of Oversubscribed Non-Brokered Private Placement

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

Melkior Announces Closing of Oversubscribed

Non-Brokered Private Placement

Timmins, Ontario – June 13, 2025 — Melkior Resources Inc. (“ Melkior ” or the “ Company ”)

(TSXV:MKR) (OTC:MKRIF) is pleased to announce that, further to its news release dated May 12, 2025,

it has closed its oversubscribed non-brokered priva te placements raising total gross proceeds of

$1,699,999.08 through the issuance of (i) 4,175,993 units of the Company (the “Units ”) at a price of $0.15

per Unit for gross proceeds of $626,398.95 (the “ Hard Dollar Offering ”), and (ii) 6,606,770 flow-through

common shares (the “ FT Shares ”) at a price of $0.1625 per FT Share for gross pro ceeds of $1,073,600.13

(the “ FT Offering ”) (together, the “ Offering ”).

With respect to the Hard Dollar Offering, each Unit will consist of one common share in the capital of the

Company (a “ Share ”) and one-half of one common share purchase warran t (each whole warrant, a

“ Warrant ”). Each Warrant will entitle the holder thereof to acquire one additional Share (a “ Warrant

Share ”) at a price of $0.22 per Warrant Share for a peri od of two (2) years from the date of issuance (the

“ Expiry Date ”).

With respect to the FT Offering, the FT Shares qual ify as “flow-through shares” within the meaning of

subsection 66(15) of the Income Tax Act (Canada) (the “ Tax Act ”), and as defined in section 359.1 of the

Quebec Tax Act with respect to proposed purchasers in Quebec.

The gross proceed from the Offering of the FT Shares will be used to incur “Canadian exploration expenses”

that are “flow-through mining expenditures” (as suc h terms are defined in the Tax Act) related to the

Company’s mineral properties. Gross proceeds from the Hard Dollar Offering will be used for general and

administrative expenses and working capital.

The Company paid finder’s fees of $76,470.51 cash a nd 408,434 finder’s warrants (the “ Finder’s

Warrants ”) to arm’s length finders in accordance with the p olicies of the TSX Venture Exchange (the

“ Exchange ”). The Finder’s Warrants are non-transferable and exercisable at $0.22 per Share until the

Expiry Date.

All securities issued in connection with the Offeri ng are subject to a four-month statutory hold perio d

following closing and the Exchange Hold Period expiring on October 13, 2025.

Norman Farrell, a director of the Company, purchase d 300,000 FT Shares in the FT Offering. The

participation by Mr. Farrell in the FT Offering con stituted a “related party transaction” as defined u nder

Multilateral Instrument 61-101 – Protection of Mino rity Security Holders in Special Transactions.

The Offering remains subject to the final approval of the Exchange.

The securities issued pursuant to the Offering have not, nor will they be registered under the United States

Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for

the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from

the U.S. registration requirements. This news release shall not constitute an offer to sell or the sol icitation

of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction

in which such offer, solicitation or sale would be unlawful.

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About Melkior Resources

Melkior Resources Inc. is an exploration-stage reso urce company operating in world-class mining

jurisdictions across Quebec and Ontario. The company is dedicated to advancing a portfolio of high-potential

mineral properties with a primary focus on gold exploration.

Melkior’s flagship projects include the Carscallen Project, the Beschefer East Project, the Genex Project and

the Val-d’Or Project. These projects are strategica lly located in the Abitibi Greenstone Belt, known f or

hosting significant gold and base metal deposits.

ON BEHALF OF THE BOARD

Keith James Deluce, Director

For more information, please contact:

Melkior Resources Inc.

E-mail: [email protected]

Tel: 226-271-5170

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 ad equacy or accuracy of this release.

Forward-looking statement:

This news release contains certain statements, whic h may constitute “forward-looking information” with in the

meaning of applicable securities laws. Forward-look ing information involves statements that are not ba sed on

historical information but rather relate to future operations, strategies, financing plans, financial results or other

technical developments or reports on the Company’s properties or otherwise. Forward-looking informatio n is

necessarily based upon estimates and assumptions, which are inherently subject to significant business, economic and

competitive uncertainties and contingencies, many o f which are beyond the Company’s control and many o f which,

regarding future business decisions, are subject to change. These uncertainties and contingencies can affect actual

results and could cause actual results to differ ma terially from those expressed in any forward-lookin g statements

made by or on the Company’s behalf. Although the Co mpany has attempted to identify important factors t hat could

cause actual actions, events or results to differ materially from those described in forward-looking information, there

may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. All

factors should be considered carefully, and readers should not place undue reliance on the Company’s f orward-

looking information. Generally, forward-looking inf ormation can be identified by the use of forward-lo oking

terminology such as “expects,” “estimates,” “antici pates,” or variations of such words and phrases (in cluding

negative and grammatical variations) or statements that certain actions, events or results “may,” “cou ld,” or “might”

occur. Mineral exploration and development are highly speculative and are characterized by a number of significant

inherent risks, which may result in the inability o f the Company to successfully develop current or pr oposed projects

for commercial, technical, political, regulatory or financial reasons, or if successfully developed, m ay not remain

economically viable for their mine life owing to an y of the foregoing reasons, among others. There is no assurance

that the Company will be successful in achieving co mmercial mineral production and the likelihood of s uccess must

be considered in light of the stage of operations.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR F OR RELEASE, PUBLICATION, DISTRIBUTION OR

DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES