This News Release is Intended FOR Distribution IN Canada Only and is Not

MELKIOR RESOURCES INC.

66 Brousseau Ave., Suite 207

Timmins, Ontario P4N 5Y2

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT

FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED

STATES NEWSWIRE SERVICES

31912739.1

MELKIOR RESOURCES ANNOUNCES CLOSE OF PRIVATE PLACEMENT OF UNITS

June 8, 2018, Timmins, ON – Melkior Resources Inc. (the “Company” or “Melkior”) (TSXV -

“MKR”) is pleased to announce that it has cl osed the non-brokered private placement (the

“Private Placement”) for total gross proceeds of $1,200,000. The Private Placement consisted

of 20,000,000 units at a price of $0.06 per unit (each, a “Unit”). Each Unit is comprised of one

common share of the Company and one common share purchase warrant (each whole such

warrant, a “Warrant”). Each Warrant entitles the holder to acquire one common share of the

Company for a period of 36 months at a price of $0.085.

Two insiders of the Company participated in the Private Placement and subscribed for an

aggregate of 7,050,000 Units for aggregate gross proceeds of $423,000. Participation of an

insider of the Company in the Private Placem ent constitutes a related party transaction as

defined under Multilateral Instrument 61-101 ( Protection of Minority Security Holders in Special

Transactions). Because the Company’s shares trade only on the TSXV, the issuance of

securities is exempt from the formal valuation requirements of Section 5.4 of MI 61-101

pursuant to Subsection 5.5(b) of MI 61-101 and exempt from the minority approval requirements

of Section 5.6 of MI 61-101.

All securities issued under the Private Placement are subject to a four month hold period.

On behalf of the Board of Directors

“Keith James Deluce”

Keith James Deluce, CEO

For further 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 the 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.