MKR.V · 2017-07-28 12:00:00

Melkior Carscallen Drilling Initiated

Corporate Updates

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

July 28, 2017 Trading Symbol: MKR

TSX Venture Exchange

Timmins, Ontario. Melkior Resources Inc. (“ Melkior ”) is pleased to announce that drilling on

its Carscallen Project was initiated on July 25, 20 17. The drilling, budgeted for an initial 2,700

m, is being implemented as described in the 2017 Ex ploration Plan available on the Melkior

website (http://www.melkior.com/wp-content/uploads/MKR-2017-Exploration-Plan.pdf ).

On June 2, 2017, Melkior flew a fixed wing LIDAR su rvey (18 points per square meter) over

portions of its Carscallen claim group. This data has been received and provides highly accurate

and detailed elevation data over the active explora tion area. This elevation data provides some

insight into geological structures and will aid in the ongoing exploration program.

In conjunction with the interpretation of the LIDAR data, Melkior will be implementing a soil

sampling program on the Carscallen Project within prospective areas that require supporting data

for specific target selection. This soil sampling p rogram will be initiated as soon as practically

possible.

Jim Deluce, CEO of Melkior comments, “The drill pro gram on our flagship Carscallen Project

has commenced. Melkior has leveraged the historical exploration data to reduce our drilling risk

and maximize our opportunity for success. We hope t his exploration program will be a turning

point in Melkior’s history and it will lead to the generation of new exploration centers in

Carscallen.”

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.

This news release may contain or refer to forward-l ooking information based on current expectations, i ncluding, but

not limited the prospect of the Company achieving s uccess in exploring the Carscallen Project and the impact on the

Company of these event, including the effect on the share price. Forward-looking information is subject to significant

risks and uncertainties, as actual results may diff er materially from forecasted results. Forward-look ing information

is provided as of the date hereof and we assume no responsibility to update or revise such information to reflect new

events or circumstances.

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 ad equacy or accuracy of this release.