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

36182150.1

MELKIOR RESOURCES ANNOUNCES ADDITIONAL $400,000 FLOW-THROUGH PRIVATE

PLACEMENT

December 18, 2018, Timmins, ON – Melkior Resources Inc. (the “Company” or “Melkior”)

(TSXV - “MKR”) is pleased to announce that it has arranged for a further non-brokered flow-

through private placement (the “ Private Placement ”). The Private Placement will provide the

Company with aggregate gross proceeds of C$400,000, of which C$300,000 will be provided by

a director and officer of the Company.

Participation by an insider of the Company in th e Private Placement 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 TSX-V, 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.

The Private Placement will be flow-through common shares issued at a price of $0.085 per

common share, with each such share issued as a “Flow-Through Share” within the meaning of

the Income Tax Act (Canada).

Proceeds of the Private Placement will be used to conduct further exploration on the Company’s

Canadian mineral properties and all securities issued under the Private Placement will have a

hold period of four months and a day from closing.

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.