Melior Receives Notice of Transfer from Tier 1 to Tier 2 Classification ON the TSX Venture Exchange
NEWS RELEASE
MELIOR RECEIVES NOTICE OF TRANSFER FROM TIER 1 TO TIER 2 CLASSIFICATION ON THE
TSX VENTURE EXCHANGE
Toronto, Ontario, September 13, 2019 – Melior Resources Inc. (TSXV: “ MLR”) (“Melior” or the “ Company”)
today announces that further to its press release on September 9, 2019 disclosing, among other things, that its
wholly-owned subsidiaries, Goondicum Resources Pty. Ltd (“Goondicum”) and Melior Australia Pty. Ltd (“Melior
Australia” and, together with Goondicum, the “ Subsidiaries”), appointed a voluntary administrator pursuant to
Section 436A of the Corporations Act 2001 (Australia), the TSX Venture Exchange (the “ Exchange”) has advised
the Company that it does not meet the Exchange’s Tier 1 Continued Listing Requirement s (“CLR”) and, as a result,
the Company’s Tier classification change d from Tier 1 to Tier 2 as of Wednesday, September 11, 2019. Further,
the Exchange has provided the Company 90 days to submit documentation evidencing that it meets Tier 2 CLR
which includes the acquisition of an operating asset . If the Company is unable to file satisfactory documentation
before such date, the Company will be transferred to the NEX Board of the Exchange.
The Company intends to pursue opportunities to ac quire an operating asset and make submissions to the Exchange
regarding the Com pany’s Tier 2 CLR deficiencies, however there can be no assurance the Company will be
successful in this regard.
The reclassification of the Company as a Tier 2 issuer will no t result in any change to Melior’s trading symb ol,
which will remain “MLR”.
Melior also confirms that all five directors on its board remain in place and that Martyn Buttenshaw and Jon athan
Mattiske, its current Interim Chief Executive Officer and Chief Financial Officer, respectively, remain in their
existing roles.
About Melior
Melior’s Subsidiaries are the owner s and past operators of the Goondicum ilmenite and apatite mine 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 Vancouver, British Columbia. Melior is now classified as a Tier 2 Mining Issuer under the policies of the
TSX Venture Exchange.
Forward Looking Statements Disclaimer
This press release contains forward-looking information within the meaning of applicable securities laws that reflects
the current expec tations of management of Melior. The words “may”, “would”, “could”, “should”, “will”,
“anticipate”, “believe”, “plan”, “expect”, “intend”, “estimate”, “aim”, “endeavour”, “project”, “continue”,
“predict”, “potential”, or the negative of these terms or other similar expressions have been used to identify these
forward-looking statements. Forward-looking statements are based upon a number of assumptions and are subject to
a number of known and unknown risks and uncertainties, many of which are beyond management’s control, and that
could cause actual results to differ materially from those that are disclosed in or implied by such forward -looking
statements. Examples of such forward-looking statements are the Company’s intention to acquire an operating asset
and remain a Tier 2 Mining Issuer. There can be no assurance that forward- looking information will prove to be
accurate, as actual results and future events could differ materially from those e xpected or estimated in such
statements. Accordingly, readers should not place undue reliance on forward-looking information.
Additional risks and uncertainties regarding Melior are described in its publicly available disclosure documents, as
filed by Melior on SEDAR (www.sedar.com) except as updated herein.
This forward- looking information represents management’s views as of the date of this press release. While
subsequent events and developments may cause such views to change, Melior does not intend to update this forward-
looking information, except as required by applicable securities laws.
For further information please contact:
MELIOR RESOURCES INC.
Martyn Buttenshaw
Interim Chief Executive Officer
+41 41 560 9070
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.