Melkior – Denton Uav-Mag™ Survey Awarded

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

MELKIOR – DENTON UAV-MAG™ SURVEY AWARDED

January 21, 2019 Trading Symbol: MKR

TSX Venture Exchange

Timmins, Ontario. Melkior Resources Inc. (“ Melkior”) is pleased to announce that a 95 line

kilometer airborne survey has been awarded to Pioneer Aerial Survey s Ltd. using their UAV-

MAG™ system for the Denton Project. The UAV-M AG™ survey will cover the 20 cell mining

cells with 50m line spacing. The Denton Project is located about 25 km west of Timmins, Ontario

and 500m south of the Carscallen Project. It is anticipated that the UAV-MAG™ survey will

commence in early February 2019.

The Denton Project is interesting as it lies over what is mapped as a westerly trending sequence of

Archean volcanic rocks that include ultramafic units within a prominent hinge area and in

proximity to the somewhat elusive Destor Porc upine Fault. The Denton Project is surrounded by

Tahoe Canada and on strike with a what is interpre ted to be a new target that Tahoe appeared to

be developing when exploration was effectiv ely terminated in 2017. Following up on gold

mineralization reported in historic drilling it is interpreted that deep drilling may have been

targeting mineralization associated with syenite in proximity with ultramafics. Melkior is

currently targeting north-south st ructures that host gold mineralization within the granitic host

rock north of Highway 101, the Denton Project is located south of es tablished mineralized

structures in the Carscallen Project and north of the Destor Porcupine Fault.

Melkior acquired the Denton Proj ect in 2017, the area does not host abundant outcrop. The high-

quality magnetic survey to be conducted by a leading UAV operator, Pioneer Aerial Surveys Ltd.,

with the data processed and reported by TMC Geophysics will provide a solid base for future

exploration on this project.

Wade Kornik, P.Geo., has approved the information co ntained in this release. Mr. Kornik is the

Exploration Manager of the Company and is a 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.