Melkior Resources Inc.

Melkior Resources Inc.

November 12, 2008 08:00 ET

Melkior: Drilling Returns 60.27 g/t Gold Over 1.8 Meters

OTTAWA, ONTARIO--(Marketwire - Nov. 12, 2008) - Melkior Resources Inc. ("Melkior") (TSX VENTURE:MKR) is pleased to present initial results for trenching and diamond drilling on the 100% owned Timmins West Property in Carscallen Township, Timmins, Ontario . Assay results for 26 out of 48 diamond drill holes have been received to date with the best intersections being from TW-08-10-13 where two intersections returned 60.27 g/t gold over 1.8 meters and a second interval returned 8.12 g/t gold over 2.45 meters.

A total of 2846 meters of NQ drilling was undertaken in 48 drill holes by Laframboise Diamond Drilling. The purpose of drill program was to extend the strike length of existing gold mineralized systems and to provide drill intercepts of the vein systems at regular shallow intervals along the strike extensions. These drill results will be used to focus future drilling in areas of maximum economic interest, and provide better understanding of the gold bearing structures. The majority of the drilling was conducted in the 1010 Vein area. Thirty three holes were drilled along 425 meters of established strike length of the 1010 vein.

Nine holes were drilled into the ZamZam Zone and five into the Shenkman Area linking the ZamZam and Shenkman vein systems together. In conjunction with drilling surface trenching has now extended the ZamZam Zone strike length to 525 meters, it remains open.

1010 Vein Area

The 1010 zone is named after an historic gold occurrence called the 1010 Vein which in turn was named after the original claim number hosting the showing. Two historic shafts dating back to the 1930's are located 70 meters apart on the vein. The 1010 Vein is typically 5 to 30 cm wide multi phase quartz vein with hydrothermal alteration of wall rocks. The mineralized vein has locally been intruded by a lamprophyre dike within a north-south trending dilation structure with a sub-vertical dip. High gold values are intimately related to higher concentrations of sulphides, primarily pyrite contained within quartz veins. Visible gold has been observed isolated within quartz, as plates on sericite within sheared sections of the vein, and on chlorite partings at the margin of the vein. Some wider sections have been encountered.

Thirty three holes were drilled along the 425 meters of established strike length of the 1010 Vein.

The drilling was aimed at providing vertical intercepts at 10, 20 and 30 meters below the surface expression of the vein in a series of sections spaced 25 meters apart. Surface sampling during 2007 returned results up to 280 g/t gold (NR October 5, 2006). Drilling in 2007 returned assays of 19.8 g/t Au over 3.3 meters in WKD-07-18 (NR January 9, 2008). Historical drilling conducted to approximately 100 meter depths has reportedly returned assays of up to 336 g/t Au over 0.21 meters between the two historic shafts on the 1010 Vein.

"1010 Zone - 2008 Diamond Drill Summary Table" is available on Marketwire's website at the following address:

ZamZam Zone

The ZamZam Zone was discovered in the summer of 2007 during trenching aimed at identifying the source of an Induced Polarization anomaly. The zone is a structurally controlled hydrothermal conduit in a competent intrusive host with associated quartz pyrite veining. Assays in 2007 from the trench returned spectacular values in relatively narrow pyrite filled fractures, up to 843.7 g/t Au in a grab sample and up to 12.7 g/t Au over 3.0 meters in a chip sample. The ZamZam Zone is 850 meters northwest of the 1010 Vein area.

New surface trenching was conducted in 2008 north of the pre-existing ZamZam Zone thus extending the surface expression of the mineralized system for an additional 30 meters, resulting in a total trench length of 125 meters. Preliminary grab and chip samples from this new trench are presented in the following table. Subsequent to the trenching nine holes were drilled into the ZamZam Zone and five into the Shenkman Area linking the vein systems together. The combination of drilling and surface trenching has extended the ZamZam Zone strike length to 525 meters. Trenching and diamond drilling assays are presented in the following two tables.

"ZamZam Zone - 2008 Trenching Summary Table" and "2008 Diamond Drill Summary Table" are available on Marketwire's website at the following address:

Samples from the NQ drill core were either split using a hydraulic core splitter or sawn in half with a diamond saw, one half was sent for assay and the other half retained for reference. Samples reported here were analysed by ALS Chemex Laboratories in Vancouver, British Columbia using the standard fire assay technique with a gravimetric finish.

The field work and sampling was done by geologist Wade Kornik BSc. This news release was prepared by Jens E. Hansen, P. Eng, President Melkior Resources Inc., a Qualified Person under Article 43-101.

About Melkior

Melkior is exploring for minerals in Quebec and Ontario. Timmins is becoming a larger focus for the company where there is excellent infrastructure. Several gold producers are operating close to the Melkior Carscallen property. Melkior will also be actively exploring its East and West Rim Nickel Copper properties near Mc Faulds Lake during the coming months. Airborne surveys have defined specific targets of exploration merit. Crews are in the field preparing for drilling on the newly announced Troilus claims. (NR October 24, 2008).

The TSX Venture Exchange (TSX-V) has not reviewed and does not accept 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 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.

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