MKR.V · 2020-03-27 12:00:00

Melkior Announces New Chief Executive Officer

Management Changes

44974996.2

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

March 27, 2020 Trading Symbol: MKR

TSX Venture Exchange

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

pleased to announce that Jonathon Deluce, who is currently a Melkior Director, will become its

new Chief Executive Officer, replacing Keith James Deluce. Keith will continue to contribute to

Melkior Resources in his position as a Director of the company.

Melkior Resources wishes to thank Keith for his dedicated service to the company during his

tenure as Chief Executive Officer.

Mr. Jonathon 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. Mr. Deluce founded Goldseek Resources and lead the

company through the go-public process onto the CSE.

Jonathon Deluce, CEO of Melkior remarks, “I look forward to working with the Melkior team to

generate value for all shareholders. We believe the stage is being set for increased investor interest

in the junior mining space. With the extreme levels of quantitative easing seen by the US Federal

Reserve in response to the pandemic we believe this is setting up for a significant move in the

precious metals as people flock to safe haven assets.

More important than all, we hope everyone stays safe during these unprecedented times and our

sympathies are out to the families impacted by the virus.”

ON BEHALF OF THE BOARD

Jonathon 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.