Melkior Resources Inc.

Melkior Resources Inc.

November 21, 2007 08:00 ET

Melkior Resources Inc.: Surface Samples Up to 467 g/t Gold 2543 Metres Drilling Completed at West Timmins

OTTAWA, ONTARIO--(Marketwire - Nov. 21, 2007) - Melkior Resources Inc., (TSX VENTURE:MKR) is pleased to announce the completion of 2543 metres in 23 holes of NQ core on it's West Timmins gold project located in Carscallen Township, approximately 30 km west of the city of Timmins, Ontario. Further to the excellent assay results previously reported from the 1010 Vein, where 28 of the 92 samples taken exceeded 28 g/t Au (NR Sept. 17, 2007), new assay results from summer trenching and sampling have identified a 50 metre long vein located 100 metres north-north east of the last known surface extent of the 1010 vein. The maximum mineralized width of this new zone is one metre and assay results have yielded a maximum value of 467 g/t gold; 10 of the 28 samples taken exceed 28 g/t Au and 19 of the 28 samples exceed 10 g/t Au. Melkior Resources is very pleased to have extended this high grade gold bearing vein system to a total length of 300 metres. This vein system was drill tested.

The drill program's objective was to test a series of geological and geophysical targets defined by geology, sampling, magnetometer and Induced Polarization (IP) surveys. The primary drill targets were within the Carleton tonalite geological unit that occupies the western 2/3 of the property and hosts gold mineralization in structurally controlled veins (NR October 5, 2006 and September 6, 2007). Five individual drill targets within the tonalite were tested with 17 NQ diamond drill holes.

The targets tested were:

1. ZamZam Zone. Five holes were drilled.

2. Jowsey Zone. One hole was drilled.

3. Shenkman Zone. Three holes were drilled.

4. Mysterious Shear Zone. One hole was drilled.

5. 1010 Vein system. Seven holes were drilled. The system has now been
surface traced for 300 metres and is open at both ends.

Within the 1010 area the 2007 trenching program has identified a vein located 100 metres north-north east of the previously known northern limit of the 1010 Vein system. At the northern extent it dips into a swampy area. Grab samples were taken along the 50 metre length of the exposed vein and the results are presented below:

1010 Vein - Northern Extension Discovery Area

g/t gold g/t gold
MKR-WTK-B319 2.45 MKR-WTK-B320 84.90
MKR-WTK-B321 50.60 MKR-WTK-B322 73.60
MKR-WTK-B323 467.00 MKR-WTK-B324 163.00
MKR-WTK-B325 44.50 MKR-WTK-B326 0.30
MKR-WTK-B327 9.31 MKR-WTK-B328 0.65
MKR-WTK-B329 23.80 MKR-WTK-B330 12.20
MKR-WTK-B331 16.50 MKR-WTK-B332 108.00
MKR-WTK-B333 5.00 MKR-WTK-B334 3.32
MKR-WTK-B335 6.30 MKR-WTK-B336 37.00
MKR-WTK-B337 2.43 MKR-WTK-B338 10.70
MKR-WTK-B339 36.30 MKR-WTK-B340 16.00
MKR-WTK-B341 36.40 MKR-WTK-B342 14.40
MKR-WTK-B343 23.70 MKR-WTK-B344 10.00
MKR-WTK-B345 13.10 MKR-WTK-B346 5.94

The 1010 Vein - Northern Extension was targeted in the recently completed diamond drill program by 3 holes drilled from one setup WKD-07-17A (-45), WKD-07-17B (-70) and WKD-07-17C (-90) which was collared 25 metres east of the vein which dips at 65 east. The three holes tested the vein at three depths to establish vertical continuity. Results will be released as the holes are logged and sampled and assay results received.

A secondary objective of the drilling was to test IP anomalies in a mafic volcanic environment that covers the eastern 1/3 portion of the property. Six holes were drilled on six separate IP targets. The target of the drilling is sulphide mineralization which will be assayed for base metals and gold.

The core is currently being logged and sampled. It is anticipated the samples will be sent to the assay laboratory in two batches with the last batch sent for assay in two weeks.

The drilling was supervised by Wade Kornik, geologist, who logged and sampled the core. Jens Hansen, P. Eng, President of Melkior Resources is the Qualified Person under NI 43-101 who prepared 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 regulations. Melkior undertakes 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 events.

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

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