Melkior Resources Inc.
TSX VENTURE : MKR

Melkior Resources Inc.

February 27, 2015 09:30 ET

Melkior Annual Shareholders Meeting and Corporate Update

OTTAWA, ONTARIO--(Marketwired - Feb. 27, 2015) - Melkior Resources Inc. ("Melkior") (TSX VENTURE:MKR) held its Annual Shareholder meeting on February 24, 2015 in its Ottawa office. The shareholders approved the appointment of the three directors with Jens Hansen, Bruce Deluce, and Norman Farrell with a 99% approval. Raymond Chabot Grant Thornton LLP will remain as the Auditors of the Corporation for the August 31, 2015, year end audit.

Melkior is focusing its exploration in Carscallen Township where recent drilling has extended the Zam-Zam Shenkman gold south trend to the Lake Shore Gold Corp Melkior boundary. The first shallow hole drilled at boundary encountered 0.30 metres 39.2 g/t gold and 36.3 g/t silver within a 1.8 metre wide anomalous unit at a vertical depth of 38 metres. Experience on this trend suggests mineralization increases in width at depth and deeper holes are scheduled. Lake Shore is encountering significant gold intersections approximately 5km east of Melkior's drilling.

Approximately 33,000 metres have been drilled farther north on the same trend. An interpretation of all previous data is underway to assess the optimum drill pattern for evaluation of the zone along strike at depth.

The Launay gold project, financed by Beaufield Resources Inc, is undertaking a 43-101 study of the near surface gold mineralization. The work includes evaluation of approximately 40,000 metres of historical drilling. The project is located on a paved highway within 70 kilometres of several operating gold mills. Melkior is the operator of Launay.

Melkior personnel will be present at the March 1 to 4 Prospectors and Developers Convention in Toronto (Booth 3302).

This news release has been prepared by Jens E. Hansen, P. Eng, CEO, Melkior Resources Inc.

About Melkior:

The reader is invited to visit Melkior's new web site www.melkior.com.

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.

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