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Melior Enters Into Further Standstill Amending Agreement

Mergers & Acquisitions

Melior Enters Into Further Standstill Amending Agreement

TORONTO, April 17, 2020 -- Melior Resources Inc. (TSXV: “MLR”) (“Melior” or the “Company”) refers to its press release of

February 26, 2020 regarding the Default Notice received from Pala Investments Ltd (“ Pala ”) and the subsequent Standstill

Agreement entered into with Pala.

The Company announces that it has entered into a further standstill amending agreement with Pala pursuant to which Pala

has agreed to extend the standstill period until May 31, 2020.

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.