MKR.V · 2017-10-11 12:00:00

Melkior – Maseres Project Update

Corporate Updates

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

MELKIOR – MASERES PROJECT UPDATE

October 11, 2017 Trading Symbol: MKR

TSX Venture Exchange

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

of the Maseres Project (near Osisko and Bonterra) i n the Urban-Barry Greenstone Belt, Quebec.

Supported by the favorable multi-element soil survey results, Melkior has entered into an agreement

with GEOTECH Ltd. to provide a helicopter-bourne VT EM and horizontal magnetic gradiometer

geophysical survey. The survey will cover 100% of the Maseres Project, 2,173 line kilometers with

100 m line spacing. The survey is anticipated to be flown before the end of December 2017.

The layout of flight lines has been added to the Me lkior website. Interested parties can view

analytical soil data and the proposed flight lines over the project at:

http://www.melkior.com/maseres-gold-project

Melkior considers Geotech a leader in its field, es pecially in early time data and is committed to

high quality data acquisition to support the scale of our future plans on the Maseres Project.

A significantly expanded A-Horizon soil sampling is anticipated to be implemented on receipt of

the survey data, to be implemented, spring 2018.

Jim Deluce, CEO of Melkior remarks, “The bulk of the Maseres project is located in virgin territory,

never having seen an airbourne EM survey. The advancement of the Maseres project is going to be

initially based on the results of a state of the art Geotech survey. Melkior will follow-up the results

of this survey with further detailed soil surveying in this new exciting new gold camp.”

ON BEHALF OF THE BOARD

Keith James Deluce, CEO

For more information, please contact:

Melkior Resources Inc.

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.