Melkior Resources Inc.
TSX VENTURE : MKR

Melkior Resources Inc.

November 13, 2006 15:02 ET

Melkior Acquires 141 Claims in Otish and Updates

OTTAWA, ONTARIO--(CCNMatthews - Nov. 13, 2006) - Melkior Resources Inc. (TSX VENTURE:MKR).

Melkior has acquired a 100% interest in 141 claims totaling 7469 hectares in the Otish area of Quebec which is currently an active area for diamond and uranium exploration. The claims were map staked at a total cost of $15,917.

Previous work by Melkior in the area has identified significant kimberlite indicator minerals originating on land which at the time was owned by other companies. The claims cover at least five previously identified kimberlite targets with coincident indicators and magnetic anomalies. A number of the claims are adjacent to the north contact of the Otish basin which is currently the focus of active uranium exploration. The companies owning adjacent properties are Ashton Diamonds (Canada) Inc., Diaquem Inc., Golden Valley Mines Ltd., Ditem Exploration Inc., Antoro Resources Inc, Eastmain Resources Inc. and Resources MSV Inc.

Melkior's director, Lee Barker states "The discovery of 34 kimberlitic ilminites on one target that is down-ice from a small lake coincident with a bulls-eye magnetic anomaly is highly significant. These results were found in a previous sampling program by Melkior and because a portion of the target was not available at the time no further exploration activities were undertaken. Melkior now has a claim group which covers the entire target area. Winter geophysical surveys are planned."

Melkior understands that a permanent road is being planned to access the area.

About Melkior: Melkior is a junior mineral exploration company active in Quebec and Ontario on three other projects. TIMMINS WEST is a gold exploration project 5km west of Lake Shore Gold. Recent exploration by Melkior has located several gold zones including a 280 G/T GOLD GRAB SAMPLE (news release October 5, 2006). The LAUNAY gold project has identified two specific gold zones namely ZONE 75 and ZONE PRINCIPAL. The KENTY-DELTA UNGAVA, Nickel-copper project 49% Melkior, 51% Xstrata Nickel has a non-compliant 43-101 resource estimate taken from the Falconbridge 1999 annual report (817,600 METRIC TONNES, 3.05% NICKEL, 1.26% COPPER, 0.222 G/T GOLD, 1.007 G/T PLATINUM, 1.647 G/T PALLADIUM). For the latter project Melkior is awaiting plans from Xstrata Nickel.

This news release has been prepared by Jens Hansen, P. Eng, President of Melkior Resources, a Qualified Person for Ontario and Quebec under section 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 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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