Melkior Resources Inc. — Capital/Financing Update 2020

Nov 25, 2020

==> picture [339 x 59] intentionally omitted <==

,

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

Melkior Resources Strategically Expands its Val D’Or Property

November 24, 2020 Trading Symbol:MKR TSX Venture Exchange

Timmins, Ontario. Melkior Resources Inc. (“ Melkior ” or the “ Company ”) (TSXV:MKR) (OTC:MKRIF) is pleased to announce it has added claims to the Val D’Or Property (the “Property”) through direct staking. This addition adds 8 claims (371.96 hectares ), 7 KM north-east of Probe Metal’s Pascalis Gold Trend, where they have had a lot of recent success ( See news release from Probe Metals on Oct 28, 2020 - 5.9 g/t Au over 9.2 meters ).

==> picture [540 x 136] intentionally omitted <==

==> picture [540 x 136] intentionally omitted <==

Jonathon Deluce, CEO of Melkior, remarks, “We are excited to announce the addition to the Val D’Or Property at no dilution to shareholders. IP on Target 4 is underway, and we look forward to providing an update when available. In defining our January 2021 drill targets, we are reviewing past successful programs from our neighbors in the camp to put the strongest targets forward. We will provide further details on our targets and drilling plans shortly.”

The claims were acquired by direct staking, and they include the Lanaudiere Formation, which is made of basalts and mafic volcaniclastics.

Qualified Person

This press release was prepared by Steven Lauzier, VP Exploration for Quebec, P.Geo,OGQ and by PierreAlexandre Pelletier, P.geo OGQ, who are qualified persons as defined under National Instrument 43-101, and

2

who reviewed and approved the geological information provided in this news release.

ON BEHALF OF THE BOARD Jonathon Deluce, CEO

For more information, please contact: Melkior Resources Inc. E-mail: info@melkior.com Tel: 226-271-5170

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.