MKR.V · 2019-10-17 12:00:00

Melkior Announces Commencement of Carscallen Drill Program

Exploration Programs

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

October 17, 2019 Trading Symbol: MKR

TSX Venture Exchange

Timmins, Ontario. Melkior Resources Inc. (“Melkior”) (TSXV:MKR) is pleased to announce that

it has commenced drilling in Carscallen as part of an initial 1200 meter drill program to drill test

and validate previous intersections and interpretations. This first phase of drilling will follow up on

historical intercepts of 14.21 g/t Au over 2.9 meters in drillhole WKD-07-6B within the Shenkman

zone and 3.33 g/t Au over 4.5 meters in drillhole CAR-45-2010 within the Zam Zam zone. The

holes are designed to target multiple near surface gold bearing vein systems.

The second phase of drilling will also follow up on earlier intercepts within the mafic volcanics

which underly approximately 300 meters of the Carsallen granodiorite. The multiple series of gold

bearing vein systems are believed to be late crosscutting str uctures that continue at depth into the

mafic volcanics. Here, gold grades and widths may improve significantly as indicated by earlier

drill hole CAR-80-2012 which intersected 51.9 g/t Au over 3.7 meters from 533.0 to 536.7 meters

within the mafic volcanics. A deeper drill hole will be planned as follow up on this intercept to

validate continuity of the deeper lying gold system. Positive drill results may allow for a resource

estimate by an independent external consulting group to determine the economic potential of all

zones drilled to date in the Carscallen project.

Qualified Person

All technical information in this press release has been reviewed and approved by Peter Caldbick,

P.Geo. Mr. Caldbick is a consultant for Melkior and a Qualified Person for the purposes of National

Instrument 43-101.

ON BEHALF OF THE BOARD

Keith James Deluce, CEO

For more information, please contact:

Melkior Resources Inc.

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.