Melior Board Changes
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NEWS RELEASE
MELIOR BOARD CHANGES
Toronto, Ontario, Dec 12, 2017 - Melior Resources Inc. (TSXV: “MLR”) (“Melior” or the “Company”) today announced
changes to its board of directors including the Company’s Chairman, Mr Charles Entrekin, retiring with effect from the AGM
being held on December 13 th 2017, and being replaced as Chairman by Mr Martyn Buttenshaw.
Mr Buttenshaw has been a director of Melior for the past 3 years and is a Managing Director at Pala Investments, Melior’s
largest shareholder. Mr Buttenshaw commented, “I am looking forward to taking on the Chairman’s role at Melior and being
part of a new phase in the Company’s development.”
Melior is in the process of enhancing the capability of its board of directors as it plans to move into construction and production
at its Goondicum mine. The Company is in discussions with a number of high caliber individuals regarding potential roles as
independent non-executive director’s on the board and will make an announcement on this in due course.
Mark McCauley, Melior Resources CEO said, “Myself and the rest of the Melior board have enjoyed working with Charles
over the last few years and would like to thank him for his services to the Company. We wish him all the best going forward.”
About Melior
Melior is the owner and operator of the Goondicum mine, a past-producing ilmenite and apatite mine strategically located in
Queensland Australia. Further details on Melior and the Goondicum mine can be found at www.meliorresources.com and
regulatory filings are available on SEDAR.
Melior is incorporated under the provisions of the Business Corporations Act ( British Columbia) and has a registered office in
Toronto, Ontario. Melior is classified as a Tier 1 Mining Issuer under the policies of the TSX-V.
Forward Looking Statements Disclaimer
Statements made in this news release may be forward-looking and therefore subject to various risks and uncertainties. Such
statements can typically be identified by terminology such as ‘‘may’’, ‘‘will’’, ‘‘could’’, ‘‘should’’, ‘‘expect’’, ‘‘plan’’,
‘‘anticipate’’, ‘‘believe’’, ‘‘intend’’, ‘‘possible’’, ‘‘continue’’, “objective” or other similar expressions concerning matters that
are not historical facts. Certain material factors or assumptions are applied in making forward-looking statements and actual
results may differ materially from those expressed or implied in such statements. Melior does not undertake to update any forward-
looking statements; such statements speak only as at the date made.
Going Concern Risk
As described in Melior’s most recent MD&A, the continuing operations of the Company are dependent upon its ability to continue
to raise adequate financing, to commence profitable operations in the future, and repay its liabilities arising from normal business
operations as they become due. There remains a significant risk that the Company is unable to find alternative sources of financing
for on-going working capital requirements. These material uncertainties cast significant doubt upon the Company’s ability to
continue as a going concern.
Failure to obtain sufficient financing could result in a delay or abandonment of the Goondicum Mine and could force the Company
into reorganization, bankruptcy or insolvency proceedings. Additional financing may not be available when needed or, if
available, the terms of such financing might not be favourable to the Company and might involve substantial dilution to existing
shareholders. Failure to raise capital when needed would have a material adverse effect on the Company’s ability to pursue its
business strategy, and accordingly could negatively impact the Company’s business, financial condition and results of operations.
For further information please contact:
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MELIOR RESOURCES INC.
Mark McCauley
Chief Executive Officer
+61 7 3233 6300
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.