TSX Venture Exchange

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

May 3, 2017 Trading Symbol: MKR

TSX Venture Exchange

Timmins, Ontario. Melkior Resources Inc. (the “ Company ”) announces that it has agreed,

subject to the acceptance of the TSX Venture Exchange, to settle CDN$70,000 worth of debt by

the issuance of 1,400,000 common shares of the Company at a deemed price of $0.05 per share.

All shares issued pursuant to the debt settlement w ill be subject to the standard four-month

regulatory hold periods.

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.