Melkior Update

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

MELKIOR UPDATE

March 5, 2018 Trading Symbol: MKR

TSX Venture Exchange

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

of the data collection portion of the 2,170-line kilometer GEOT ECH VTEM plus time-domain

helicopter borne magnetometer and EM survey on the Maseres Project.

The Maseres Project is located a bout 14 km southwest of the Osi sko Black Dog Project. The

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

sequence coincident with magnetic and electromagnetic anomalies and disseminated to semi-

massive Au-Ag-Cu bearing sulfides. One interpretation of magnet ic geophysical data suggests

that the magnetic trend is folded and continues through the Maseres Project. Mineralized boulders

historically identified and co-i ncident with this folded magnet ic trend have been reported to

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

The preliminary GEOTECH data appears to confirm and significant ly extend the historically

defined EM trend in the northeastern corner of the Maseres Proj ect (NR March 15, 2017).

Melkior conducted a soil sampling test grid over this EM trend in 2017. A-horizon soil analysis

over the EM trend returned up to 121 ppb Au; 59 ppm Ag; 93 ppm Cu; 78 ppm Zn; 30 ppm Pb

(NR September 17, 2017). Final reporting and interpretation of the survey will be delivered within

two months. The evaluation of Geotech reporting will help guide future exploration plans for the

Maseres Project.

Jim Deluce, CEO of Melkior remarks, “The preliminary data looks exciting and we are anxiously

awaiting the final reporting. I hope that the interpretation of the GEOTECH VTEM plus time-

domain survey validates our 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.