Melkior – Maseres Update

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

MELKIOR – MASERES UPDATE

October 9, 2018 Trading Symbol: MKR

TSX Venture Exchange

Timmins, Ontario. Melkior Resources Inc. ( “Melkior”) would like to provide the following

update to the Maseres Project as it could be interpreted as being “Material”. Ground truthing of

VTEM EM anomalies on the Maseres P roject has encountered strata-bound sulphide

mineralization within volcanic stratigraphy.

Two similar outcrops of strata -bound sulphide mineralization within volcanic stratigraphy have

been identified on the Maseres Project. The two areas of outcrop are approximately 100m apart

and are interpreted to be the same volcanic transition sequence. Each of the outcrop areas are

within 4 0m of a priority VTEM EM conductive anomal y. These are t he first volcanic -hosted

strata-bound sulphide mineralized outcrops identified on the Maseres Project.

Samples from these two outcrop areas have been submitted for analysis, results are anticipated in

about four weeks. Results will be released promptly on receipt. The results of these analyses will

provide insight to the nature of the robust VTEM EM conductive trend that transects the Maseres

Project.

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.

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.