Melkior Announces Extension of Warrants

MELKIOR RESOURCES INC.

NEWS RELEASE

MELKIOR ANNOUNCES EXTENSION OF WARRANTS

November 16, 2012 Trading Symbol: MKR TSX Venture Exchange

Ottawa, Ontario. Melkior Resources Inc. ("Melkior") is pleased to announce that, subject to regulatory approval, it has agreed to extend for one year the term of the following previously issued share purchase warrants:

Number of Exercise Issue Expiry date prior Revised Expiry warrants price Date to revision Date 2,845,000 0.25 December 7, 2011 December 7, 2012 December 7, 2013

For further information:

Jens E. Hansen President, Melkior Resources Inc.

Tel: (613) 721–2919 Fax: (613) 680-1091

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.