Melkior – Maseres Resistivity Voxels

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

MELKIOR – MASERES RESISTIVITY VOXELS

October 24, 2018 Trading Symbol: MKR

TSX Venture Exchange

Timmins, Ontario. Melkior Resources Inc. (“ Melkior”) is publishing two AVI files depicting

Maseres Project resistivity information, they are available at:

http://www.melkior.com/depth-slice

http://www.melkior.com/south-north

Melkior has previously released this resistivity information in the form of depth slices and sections

prepared by Geotech for the 2018 VTEM survey in previous news releases (May 29 and May 30,

2018). The VTEM data has been re-processed by Sh arpe Geophysical Solutions into resistivity

voxels as a component of recentl y released report “Geophysical Overview of the VTEM dataset

Maseres Project”.

Melkior is preparing a discussion document, to be published on the Melkior website,

incorporating geophysical, geological and the soil geochemical results. The collective information

will help Melkior to defining and prioritize target areas. The highest priority target area will be

selected for an induced polarization survey to be initiated on freeze up. On completion of the IP

survey sufficient information will be available to select initial drill hole locations and apply for a

drilling permit.

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 http://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.