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Amended Promissory Note

Debt & Credit Facilities

Amended Promissory Note

TORONTO, Sept. 07, 2020 -- Melior Resources Inc. (TSXV: “ MLR”) (“Melior” or the “Company”) today has entered into an

amended demand promissory note (the “Amended Promissory Note ”) with Pala Investments Limited (“Pala ”), a shareholder

of Melior.

On November 20, 2019, the Company entered the promissory note (“ Promissory Note”) with Pala, totaling US$105,550 and

maturing on March 31, 2020.  The maturity was subsequently amended to October 31, 2020.  Further details of the terms of

the Promissory Note can be found in the press release of November 20, 2019.

Today, Melior entered into an Amended Promissory Note, increasing the amount of the Promissory Note by US$50,000 to a

total of US$155,550 and extending the maturity of the loan from October 31, 2020 to December 31, 2020.  All other terms of

the Amended Promissory Note remain the same.

MELIOR RESOURCES INC.

Martyn Buttenshaw

Interim Chief Executive Officer

+41 41 560 9070

[email protected]

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.