MKR.V · 2018-01-11 12:00:00

Melkior Awards Geotech Urban-Barry Contract

Corporate Updates

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

January 11, 2018 Trading Symbol: MKR

TSX Venture Exchange

Timmins, Ontario. Melkior Resources Inc. (“ Melkior ”) is pleased to announce that a 2,170 line

kilometer airborne survey has been awarded to GEOTECH using their VTEM plus time-domain

system. The survey will cover the entire Maseres Pr oject with a 100 m line spacing. Melkior is

currently next in queue, it is anticipated that the survey will be initiated within the next 30 days.

Only the northeastern corner of the Maseres Project has ever had an electromagnetic survey flown

over it. The magnetic and EM trends delineated in historic surveys have been demonstrated to be

co-incident with highly favorable multi-element soi l sampling results in the A-Horizon. The

initial Melkior soil test grid over the EM trends returned up to: 121 ppb Au; 59 ppm Ag; 93 ppm

Cu; 78 ppm Zn; 30 ppm Pb. The GEOTECH survey will d efine any extension of these trends to

the south through Melkior’s Maseres Project with an accuracy sufficient for defining drill hole

locations.

The Maseres Project is located about 14 km southwes t of the Osisko Black Dog Deposit. The

Black Dog Project has been reported by Osisko to be a gold-silver-copper discovery in a volcanic

sequence coincident with magnetic and electromagnet ic anomalies and disseminated to semi-

massive Au-Ag-Cu bearing sulfides. The Black Dog appears to be on the same magnetic trend as

Bonterra Gladiator Project. One interpretation of m agnetic geophysical data suggest that this

magnetic trend is folded and continues through Melkior’s Maseres Project. Mineralized boulders

have been historically identified co-incident withi n this formational conductor and reported to

contain 11 ppm gold and 2% copper (NR April 13, 2017).

Additional A-Horizon soil sampling program will be implemented on receipt and evaluation of

the GEOTECH VTEM survey data in spring 2018.

Jim Deluce, CEO of Melkior remarks, “The bulk of th e Maseres project is located in virgin

territory, never having seen an airborne EM survey. Our 2017 soil survey results were

tremendously exciting. We are going to use the GEOT ECH VTEM plus time-domain system to

extend the trends and follow these up with further detailed soil sampling.”

Wade Kornik, P.Geo., has approved the information contained in this release. Mr. Kornik is the

Exploration Manager of the Company and is Qualified Person as defined by 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.