Melkior – Hemlo 2019 Exploration Update

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

MELKIOR – HEMLO 2019 EXPLORATION UPDATE

June 25, 2019 Trading Symbol: MKR

TSX Venture Exchange

Timmins, Ontario. Melkior Resources Inc. ( “Melkior”) is pleased to report t hat the GEOTECH

helicopter borne EM, magnetometer survey over the entire White Lake Hemlo Project has been

completed. Melkior is primarily targeting “Hemlo Style” mineralization and as such priority targets

are expected to have a n EM signature. T he available information suggests that

disseminated/chargeable sulphide mineralization are present within a favorable geological setting

on the White Lake Project. However, the same information also suggests that it likely does not

extend to the surface. The on-site surface gold showings identified to date likely represent leakage

from a deeper mineralized source. Geotech reports “… the VTEM data shows several discrete EM

anomalies in the White Lake Project area. The TAU images show a collection of conductive bodies

in the southern portion of the block. These are associated with high magnetic gradient areas.

According to the resistivity depth images, they lie with their tops around 100m from surface.” The

White Lake Project is located approximately 15 km northeast of the Hemlo Gold Mine currently

operated by Barrick Gold Corporation.

The VTEM survey was instrumental in selecting a 2km x 2 km core focus area for continued

exploration. This area includes the previously defined geological trend that hosts the Carroll -

MacDougall Gold Occurrence a 82.5 g/t gold grab sample and rocks described as similar to those

that host ore at Teck Corona . A discussion of the VTEM results and how it relates to other

exploration data is available for interested parties using the following links:

White Lake Project - Exploration Discussion 2019

(http://www.melkior.com/white_lake_Discussion_2019.pdf)

- An updated discussion of the interrelationship between various data sources including the

VTEM EM anomalies in determining priority exploration areas.

White Lake Project – Resistivity Depth Imaging (http://www.melkior.com/white_lake_RDI.pdf)

- Select RDI over the core focus area

Interested parties are encouraged to review the above noted supporting documents for a better

understanding of the White Lake Project, Hemlo. The Kakeeway claim has an existing MNDM

Exploration Permit in good standing that permits drilling.

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

Ontario 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

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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.