Melkior Resources Inc.

Melkior Resources Inc.

March 02, 2010 12:00 ET

Melkior Resources Inc.: Ground Work Starts in Preparation for Drilling Eldorado

OTTAWA, ONTARIO--(Marketwire - March 2, 2010) - Melkior Resources Inc. (TSX VENTURE:MKR) ("Melkior" or the "Company") has begun line cutting and ground geophysical surveying on seven grids designed to cover 9 separate electromagnetic conductors on its 100% owned Eldorado nickel property. The property is contiguous with Melkior's Shaw Twp property and consists of 366 claim units or 5856 hectares and is located 20 kilometres southwest of Timmins city centre. 

A detailed VTEM survey by Geotech was completed in 2009. This led to the discovery of a series of conductors with the potential for locating massive sulphide nickel bearing deposits. The property shares a common boundary with Liberty Mines Inc. Liberty is currently producing nickel ore from its Redstone and Mc Watters mines. The Redstone mine is approximately one kilometre south of Melkior's boundary. Upon completion of the current work Melkior plans to drill those conductors which have massive sulphide characteristics. It is anticipated 3000 metres of drilling will be required. Melkior plans to engage a second drill rig for the Eldorado project expected to start in April while the first rig will continue systematic drilling of the Carscallen West Timmins gold property.

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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