Melkior Resources Inc.

Melkior Resources Inc.

January 16, 2007 08:00 ET

Melkior Resources Inc.: 1,400,000 Stock Options Granted

OTTAWA, ONTARIO--(CCNMatthews - Jan. 16, 2007) - Melkior Resources Inc. (TSX VENTURE:MKR).

As of January 15, 2007, Melkior's Board of directors has approved the 2007 Stock Option Plan replacing the existing plan, subject to the TSX Venture approval and the shareholders' approval at the next annual and special meeting. In addition, Melkior's Board of directors has approved the grant of 1,400,000 options to directors at $0.30 per share exercisable for 5 years.

About Melkior Resources Inc.

Melkior is a junior mineral exploration company active in Quebec and Ontario on four projects: Timmins West is a gold exploration project 5km west of Lake Shore Gold, Launay gold project has identified two specific gold zones, Kenty-Delta Ungava is a nickel-copper project 49% Melkior - 51% Xstrata Nickel and Otish where Melkior agreed to enter into a joint venture with Santoy Resources Ltd to explore for uranium.

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)