MKR.V · 2019-10-03 12:00:00

Melkior Announces October Carscallen Drill Program

Exploration Programs

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

October 3, 2019 Trading Symbol: MKR

TSX Venture Exchange

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

it has engaged the services of NPLH Drilling for a first phase 1200 meter drill program in Carscallen

Township that will commence in mid-October. This first phase of drilling will follow up on

historical intercepts of 3.33 g/t Au over 4.5 meters in drill hole CAR-45-2010 within the Zam Zam

zone and 14.21 g/t Au over 2.9 meters in drill hole WKD-07-6B within the Shenkman zone. The

holes will validate earlier interpretive work and are designed to target several stacked en echelon

vein systems.

This initial drill phase will also follow up on earlier intercepts within the mafic volcanics which

underly approximately 200 to 300 meters of the Carsallen granodiorite. The stacked series of vein

systems are believed to be epigenetic or late crosscutting structures 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 determin e the economic potential of all

zones drilled to date in the Carscallen project.

Jim Deluce, CEO of Melkior remarks, “We are looking forward to the drill program commencing

shortly at the Carscallen project. The drilling is targeted to prove continuity between historical drill

results and move closer to establishing a resource estimate on all zones drilled to date.”

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.