Melkior Resources Inc.

Melkior Resources Inc.

December 17, 2007 15:25 ET

$0.50 Stock Options Granted and Acquisition of Loveland

OTTAWA, ONTARIO--(Marketwire - Dec. 17, 2007) - Melkior Resources Inc. (TSX VENTURE:MKR).

Grant of 1,900.000 options at $0.50

As of December 17, 2007, Melkior's Board of directors has approved the grant of 1,900,000 options to directors and officers at $0.50 per share exercisable for 5 years.

Acquisition of Loveland

On November 2, 2007, Melkior entered into an agreement whereby Melkior acquired a 100% interest in 44 units in 9 claims located in the Loveland Township near Timmins Ontario for $4,400 cash and 200,000 shares of the Corporation, subject to regulatory approval.

This news release was prepared by Jens E. Hansen, P. Eng, President Melkior Resources Inc., a Qualified Person under NI 43-101.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Company' periodic reports including the annual report or in the filings made by the Company from time to time with securities regulations. The Company undertake no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of unanticipated event.

The TSX Venture Exchange (TSX-V) has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Melkior Resources Inc.
    Jens E. Hansen
    613-828-7268 (FAX)