Melkior Commences 2017 Exploration Program ON Carscallen Project

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

MELKIOR COMMENCES 2017 EXPLORATION PROGRAM

ON CARSCALLEN PROJECT

March 6, 2017 Trading Symbol: MKR

TSX Venture Exchange

Timmins, Ontario. Melkior Resources Inc. (“Melkior ” or the “ Company ”) is pleased to announce

that the 2017 exploration plan for the Carscallen P roject, Timmins, Ontario, was presented to

management for review and acceptance and a budget has now been allocated. The exploration plan

is currently in the process of being implemented. E xploration permitting has begun and a 2700 m

drill contract has been awarded, pending receipt of necessary permits, to begin drilling in the later

part of May 2017.

Melkior’s Carscallen Project is located about 20 km west of Timmins and about 6 km west of the

Tahoe Resources – Timmins West Mine.

The 2017 exploration plan will de-focus from detail ed drilling on the currently defined gold zones

and expand the area of exploration on the Carscalle n Project within the confines of supporting

historical exploration data. Review of historical e xploration data has yielded some extraordinary

opportunities and advanced multiple target areas to the drill stage without requiring additional

ground work or geophysical surveys. Approximately 21 holes are planned within seven new target

areas. Investors are welcome to view the exploratio n program in full on the Company’s website at

www.melkior.com .

While maintaining the Carscallen Project as the main exploration focus for 2017, Melkior is always

looking for opportunities to enhance shareholder value. The Company has recently acquired a claim

group through ground staking in Hemlo, Ontario (see February 15, 2017 news release). Melkior

has also recently mapped staked a group of claims within the Osisko – BonTerra – Durango area of

activity in Quebec that are pending provincial approval. These pending mapped staked claim units

in Quebec cover an area where historical work repor ts have identified airborne electromagnetic

anomalies and conductive trends through aerial surveying. Upon provincial approval of the Quebec

claim group, more information will be disseminated.

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The Company also wishes to advise that at its annua l general meeting held on February 21, 2017,

all resolutions were passed. Shareholders approved the election of Keith James Deluce (Jim

Deluce), Norman Farrell and Bruce Deluce as directo rs and approved the appointment of Crowe

MacKay as auditors of the Company. At a meeting of directors held after the annual general

meeting, the Board approved the appointments of Kei th James Deluce as President and Chief

Executive Officer, David Lindsay as Chief Financial Officer and Carrie Cesarone as Corporate

Secretary.

ON BEHALF OF THE BOARD

Keith James Deluce, CEO

For more information, please contact:

Melkior Resources Inc.

E-mail: [email protected]

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.