Melkior Sells Launay Property to Beaufield

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

MELKIOR SELLS LAUNAY PROPERTY TO BEAUFIELD

July 17, 2017 Trading Symbol: MKR

TSX Venture Exchange

Timmins, Ontario. Melkior Resources Inc. (“ Melkior ”) is pleased to announce that it has entered

into an agreement (the “ Agreement ”) with Beaufield Resources Corp. (TSX-V: BFD)

(“ Beaufield ”), whereby Beaufield will purchase Melkior’s 50% interest in the Launay property (the

“ Property ”), thereby becoming a 100% owner of the Property. The Property is located in the

Launay Township, in the Abitibi Greenstone Belt, Quebec.

Under the terms of the agreement, Beaufield will pay $125,000 in cash and issue 2,500,000 common

shares to Melkior upon acceptance of the transaction by the TSX Venture Exchange. Melkior will

retain a 1.5% net smelter returns royalty on the Pr operty, one-half of which may be purchased by

Beaufield for $750,000.

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 Ser vices 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.