Melkior – Maseres Vtem Survey Resistivity Depth Slices

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

MELKIOR – MASERES VTEM SURVEY RESISTIVITY DEPTH SLICES

May 29, 2018 Trading Symbol: MKR

TSX Venture Exchange

Timmins, Ontario. Melkior Resources Inc. (“Melkior”) is releasing an apparent resistivity depth

slice PDF package from the recently completed $275,000 (2,170-line kilometer) VTEM helicopter

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_2.pdf

Maseres VTEM Z dB/dt Channel 10, neighboring conductance related maps.

http://www.melkior.com/MKR_Maseres_TAU_Regional_2.pdf

Maseres Resistivity Depth Imaging (RDI) Depth Slices (57.5 MB PDF file)

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

Geotech states, “Resistivity depth imaging (RDI) is a technique used to rapidly convert EM profile

decay data into an equivalent resistivity versus depth cross-se ction.... RDIs provide reasonable

indications of conductor relative to depth and vertical extent, as well as accurate 1D layered-earth

apparent conductivity/resistivity structure across VTEM flight lines".

The MKR_Maseres_RDI_Depth_Slices.pdf file allows the viewer to page down and sequentially

view apparent resistivity depth slices of the entire Maseres Project the starting at 25m down to 700m

depth. For a regional comparison the MKR_Maseres_TAU_Regional_2 .pdf (above) provides a

partial representation of:

MKR VTEM Z dB/dt Channel 10, Time Gate 0.055 ms (MKR_Maseres_25K_SFz10)

OSK VTEM Z dB/dt Channel 4, Time Gate 0.021 ms

BFD VTEM dB/dt Calculated Time Constant (Tau)

OBAN SKYTEM Conductance 204-234 meter depth slice

The next release (tomorrow) will present apparent resistivity c ross sections, every 100 m, across

the entire Maseres Project. The RDI cross sections have been pa ckaged into a single PDF of about

327MB, functionality will depend on the readers internet speed. Interested parties are invited to

follow the discussion, review the VTEM survey maps and formulate their own opinions. Additional

background and regional context on the Maseres 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 Maseres 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.