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Melkior – Maseres Vtem Survey Db/Dt, TAU Maps

Exploration Programs

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

MELKIOR – MASERES VTEM SURVEY dB/dt, TAU MAPS

May 28, 2018 Trading Symbol: MKR

TSX Venture Exchange

Timmins, Ontario. Melkior Resources Inc. (“Melkior”) is releasing six additional maps from the

recently completed $275,000 (2,170-line kilometer) VTEM helicop ter borne magnetometer and

EM survey on the Maseres Project. The two first maps below are provided for regional context.

Maseres Magnetic Survey overlain on Regional Magnetics.

http://www.melkior.com/MKR_Maseres_TMI_Regional.pdf

Maseres TAU overlain on Regional Magnetics.

http://www.melkior.com/MKR_Maseres_TAU_Regional.pdf

MKR_Maseres_25K_TauBF: BField Calculated Time Constant (Tau)

http://www.melkior.com/MKR_Maseres_25K_TauBF.pdf

MKR_Maseres_25K_TauSF: dB/dt Calculated Time Constant (Tau)

http://www.melkior.com/MKR_Maseres_25K_TauSF.pdf

MKR_Maseres_25K_SFxFF20: Fraser Filtered dB/dt X Component Chan nel 20, Time Gate 0.220 ms

colour image.

http://www.melkior.com/MKR_Maseres_25K_SFxFF20.pdf

MKR_Maseres_25K_SFz10: dB/dt Z Component Channel 10 Time Gate 0.055 ms.

http://www.melkior.com/MKR_Maseres_25K_SFz10.pdf

MKR_Maseres_25K_SFz25: dB/dt Z Component Channel 25 Time Gate 0.440 ms.

http://www.melkior.com/MKR_Maseres_25K_SFz25.pdf

MKR_Maseres_25K_SFz40: dB/dt Z Component Channel 40 Time Gate 3.521 ms.

http://www.melkior.com/MKR_Maseres_25K_SFz40.pdf

Geotech states, “The most reliable method to discriminate or ra nk conductors ….. is by

calculating the EM field decay time constant (TAU parameter), w hich directly depends on

conductance despite their depth and accordingly amplitude of th e response...The EM Time-

Constant (TAU) is a general measure of the speed of decay of th e electromagnetic response and

indicates the presence of eddy currents in conductive sources a s well as reflecting the

“conductance quality” of a source... Generally, TAU calculated on base of early time response

reflects both near surface overburden and poor conductors where as, in the late ranges of time,

deep and more conductive sources".

Tomorrows new release will present apparent resistivity depth s lices (RDI)!! Interested parties are

invited to follow the discussion, review the VTEM survey maps a nd formulate their own

opinions. Additional background and regional context on the Mas eres Project can be gained

through a review of Maseres Project news releases.

2

Melkior is of the opinion the Maseres Project may be situated i n one of the most prospective gold

rich, Bousquet Type, VMS environments Canada has ever seen. The scale is highly unique. This

robust 12 km conductive trend is linked into a very intriguing 4 km by 6 km concentric magnetic

anomaly with an outer robust conductive ring anomaly. A-horizon soil analysis in 2017 over a

portion of the EM trend returned up to 121 ppb Au; 59 ppm Ag; 9 3 ppm Cu; 78 ppm Zn; 30 ppm

Pb (NR September 17, 2017). The reader is reminded that the Mas eres land package is about 12

km by 20 km of contiguous sole ownership. The anomalous trends are centered within the

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 d efined 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.