Melkior Announces Completion of Flow-Through Private Placement
Head Office: 66 Brousseau Ave., Suite 207, Timmins, ON P4N 5Y2 Canada
Melkior Announces Completion of Flow-Through Private Placement
Timmins, Ontario – April 10, 2026 — Melkior Resources Inc. ( “Melkior” or the “ Company”)
(TSXV:MKR) (OTC:MKRIF) is pleased to announce the closing of its non- brokered private
placement raising gross proceeds of $654,000 through the issuance of 5,450,000 flow-through
common shares (the “FT Shares”) comprised within units (each a “FT Unit”) at a price of $0.12 per
FT Unit (the “FT Offering”).
The FT Units are subject to a hold period of four months and one day from the date of issuance.
Each FT Unit consists of one FT Share and one-half of one common share purchase warrant (each
whole warrant, a “ Warrant”). Each Warrant is exercisable for one additional common share (a
“Warrant Share”) at a price of $0.20 per Warrant Share for a period of two (2) years from the date
of issuance. The FT Shares qualify 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 Company intends to use the proceeds raised from the sale of the FT Shares (comprised within
the FT Units) to wards “Canadian exploration expenses ” that are “flow-through mining
expenditures” (as such terms are defined in the Tax Act) related to the Company ’s mineral
properties.
One director of the Company participated in the FT Offering, acquiring an aggregate of 500,000
FT Units. The insider ’s participation constitutes a related -party transaction, as defined in
Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions .
The issuance of the FT Units to the director is exempt from the valuation requirements of Section
5.4 of MI 61- 101 pursuant to Subsection 5.5(a) of MI 61- 101 and exempt from the minority
shareholder approval requirements of Se ction 5.6 of MI 61 -101, pursuant to Subsection 5.7(1)(a)
of MI 61-101.
The FT Offering remains subject to the Company’s final filing requirements with the TSX Venture
Exchange (TSXV), and TSXV final approval.
The securities issued pursuant to the FT 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 solicitation 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.
The Company also announces that Bernard Deluce has been appointed Chief Executive Officer
and a Director of Melkior, effective immediately. Mr. Deluce succeeds Jonathon Deluce, who will
remain involved with the Company as a Director. Mr. Deluce brings significant experience in
business leadership and capital markets, and the Company looks forward to his leadership as it
advances its exploration strategy.
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Bernard Deluce is a Canadian businessman who has been involved in mining property
transactions for the past 25 years, as well as investing in mining companies, particularly in
Northern Ontario and Quebec.
He has also represented his family’s interests by serving on the board of Holmes Gold Mines Ltd.
from 2004 until it was acquired by Lakeshore Gold Corp. In addition, he was an independent
board member of Beaufield Resources Inc. from 2016 to 2017, until it was acquired by Osisko
Mining.
He looks forward to taking Melkior to the next stage of development in this rejuvenated mining
market, building on Melkior’s current assets while also pursuing new opportunities as they arise.
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 adequacy or accuracy of this release.
Forward-looking statement:
This news release contains certain statements, which may constitute “ forward-looking information” within the
meaning of applicable securities laws. Forward- looking information involves statements that are not based on
historical information but rather relate to future operations, strategies, financing plans, financial results or other
technical develo pments or reports on the Company ’s properties or otherwise. Forward -looking information is
necessarily based upon estimates and assumptions, which are inherently subject to significant business, economic and
competitive uncertainties and contingencies, many of which are beyond the Company ’s control and many of which,
regarding future business decisions, are subject to change. These uncertainties and contingencies can affect actual
results and could cause actual results to differ materially from those expressed in any forward- looking statements
made by or on the Company ’s behalf. Although the Company has attempted to identify important factors that 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 forward-
looking information. Generally, forward- looking information can be identified by the use of forward- looking
terminology such as “expects,” “estimates,” “anticipates,” or variations of such words and phrases (including
negative and grammatical variations) or statements that certain actions, events or results “may,” “could,” 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 of the Company to successfully develop current or proposed projects
for commercial, technical, political, regulatory or financial reasons, or if successfully developed, may not remain
economically viable for their mine life owing to any of the foregoing reasons, among others. There is no assurance
that the Company will be successful in achieving commer cial mineral production and the likelihood of success must
be considered in light of the stage of operations.
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