Melkior Resources Inc.

Melkior Resources Inc.

January 14, 2010 08:00 ET

Melkior Is a Major Land Holder in McFaulds and Acquires More Land

OTTAWA, ONTARIO--(Marketwire - Jan. 14, 2010) - Melkior Resources Inc. (TSX VENTURE:MKR) ("Melkior" or the "Company") has a major land position in the Mc Faulds "Ring of Fire" area which is focussed on its 100% owned East Rim property that totals 1492 claim units or 238.7 sq kilometres. On this project, VTEM and MEGATEM airborne surveys have been completed and at least 15 priority massive sulphides signature anomalies have been detected. In addition to East Rim Melkior owns 50% of 935 claim units or 149.6 sq kilometres called the West Rim property where airborne surveys have also been completed in preparation for ground work. The 50-50 partner on West Rim is Bold Ventures Inc. Both areas were acquired two years ago to cover important regional gravity anomalies that typically coincide with world class nickel mining districts such as Sudbury, Raglan and Norilsk. The presence of significant nickel-copper in the environment has been well demonstrated by Noront Resources Ltd.

Melkior also owns 50% of 7 claims units that cover an isolated electromagnetic conductor with magnetic coincidence. The 50% partner on these claims is MacDonald Mines Exploration Ltd.

Melkior plans to acquire an additional 843 claim units or 134.9 sq kilometres referred to as the Broke Back claims. These are located adjacent to Noront, 10 kilometres north of the Eagle Nest nickel discoveries and 7 kilometres northwest of the Freewest Resources Canada Inc new major chromite discoveries. Melkior is also acquiring 87 claim units, 13.9 sq kilometres, known as the Riverbank claims located west of the Attawapiskat River. These claims are within the regional gravity high and adjacent to the Probe Mines Ltd Tamarack project.

Melkior can acquire a 100% interest in the Broke Back and Riverbank claims from two of the original vendors of East and West Rim by reimbursing out of pocket staking costs of $167,400 and by undertaking approximately $400,000 of assessment work. The vendors of the original East Rim property will retain a 2% NSR royalty. The stakers of Broke Back and Riverbank are North American Exploration Limited and Geotest Corporation. Jens Hansen, the president of Melkior Resources Inc., is a principal of Geotest Corporation. When these claims are acquired Melkior plans approximately 1500km of electromagnetic and magnetic surveying.

Following the above acquisitions, Melkior will own 100% of 2422 claim units covering 387.5 square kilometres and 50% of 942 claim units covering 150.7 square kilometres.

Melkior is confident that owning a very large land position in Canada's newest emerging mining camp will be important in the future advancement of Melkior. The value is considerably enhanced by world class chrome mine developments anticipated in the area.

Melkior is expecting to be able to drill the East Rim targets during 2010 if contractors are available and the necessary permits obtained. Approximately 3000 metres is anticipated.

This Press Release was prepared by Jens E. Hansen, P.Eng, President of Melkior a Qualified Person under National Instrument 43-101.

Investors are invited to visit the Melkior IR Hub at where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

About Melkior:

Melkior is a junior exploration company with active exploration projects in West Timmins and the Mc Faulds "Ring of Fire" areas of Ontario. Melkior also holds a 49% interest in the Delta Kenty nickel-copper-platinum-palladium deposit in Ungava and has several other gold properties in Ontario and Quebec.

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.

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 Melkior's periodic reports including the annual report or in the filings made by Melkior from time to time with securities regulatory authorities.

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