Melkior Resources Inc.
TSX VENTURE : MKR

Melkior Resources Inc.

April 14, 2009 08:00 ET

Melkior Drills 55.2 g/t Gold Over 1 Metre in Carscallen (Formerly Timmins West Property)

OTTAWA, ONTARIO--(Marketwire - April 14, 2009) - Melkior Resources Inc. ("Melkior") (TSX VENTURE:MKR) is pleased to release news from its 100% owned Carscallen Gold Property (formerly known as Timmins West Gold property) in Carscallen Township, Timmins, Ontario. The Carscallen Gold Property is located 5km west of the Lake Shore Gold Corp ("LSG") Holmer mine and adjoins the West Timmins Mining Inc property. The immediate area is generating significant gold drill intersections.

New 40 kilometre magnetometer and 20 kilometre Induced Polarization ("IP") surveys have been completed on north-south lines over the mineralized zones and their probable extensions. It is of particular interest to locate where the 1010-ZamZam-Jowsey gold system within the tonalite intrusion encounters the northern contact with volcanic rocks. Cross structures and porphyries also represent targets. The data is being processed in preparation for defining additional drill sites.

48 holes, totaling 2846 metres, were drilled in 2008. More than 90% of the drilled holes intersected gold bearing veins varying in width from a few centimeters to 3.3 metres, returning interesting results including 60.27 g/t Au over 1,8 metres and 19.8 g/t Au over 3.3 metres. Very high gold values have been obtained in surface sampling.

7 holes, for a total of 752 metres, remaining from the summer 2008 program, were logged and assayed in March 2009. From these assays the best result was 55.2 g/t Au and 48.9 g/t Ag over 1 metre in Hole TW-08-SH-01. Six of the seven holes returned anomalous to high gold values intimately associated with sulphides, primarily pyrite, contained within quartz veins. The best results are compiled in the table bellow:



---------------------------------------------------------------------------
Hole From To Length Gold Host rock
---------------------------------------------------------------------------
TW-08-SH-01 53.5 m 54.5 m 1.0 m 55.2 g/t Quartz vein in a
tonalite
---------------------------------------------------------------------------
TW-08-SH-02 64.0 m 66.0 m 2.0 m 2.0 g/t Silicified tonalite
---------------------------------------------------------------------------
TW-08-SH-03 107.4 m 108.0 m 0.6 m 0.9 g/t Tonalite injected by a
quartz veinlets.
The gold is in the
veinlets
---------------------------------------------------------------------------
TW-08-SH-04 39.0 m 40.0 m 1.0 m 1.1 g/t Tonalite injected by a
quartz vein
---------------------------------------------------------------------------
TW-08-SH-04 42.0 m 46.0 m 4.0 m 0.8 g/t Mineralized, quartz
------------------------------------------------ veinlets injected in a
Including 44.0 m 45.0 m 1.0 m 1.6 g/t quartz-feldspar porphyry
------------------------------------------------ (QFP)
TW-08-SH-04 51.0 m 51.6 m 0.6 m 5.3 g/t
---------------------------------------------------------------------------
TW-08-SH-05 75.0 m 75.5 m 0.5 m 3.0 g/t 2cm thick quartz vein in
tonalite
---------------------------------------------------------------------------
TW-08-ZZ-09 43.0 m 44.0 m 1.0 m 0.9 g/t Tonalite injected by a
quartz vein
---------------------------------------------------------------------------


Approximately 5 kilometres east of the above holes, LSG has discovered a new porphyry-hosted mineralized system returning 8.86 g/t Au over 24.85 m in hole TC09-69 (LSG Press Release March 31st, 2009). According to LSG: "Mineralization in the porphyry zone continues to indicate a strong association with quartz veining". This observation brings special interest to Melkior's hole TW-08-SH-04, where an intersected quartz-feldspar porphyry (QFP) injected by pyrite rich, quartz veinlets returning 5.3 g/t Au over 0.6m, 0.8 g/t Au over 4m, including 1.6 g/t Au over 1.0m at the bottom of the hole.

It should be noted some previously drilled holes were also stopped in mineralized porphyry. This geology now appears more important than first recognized by Melkior.

Also, in the last LSG press release, Tony Makuch, President and CEO of LSG, commented: "The results being announced today are extremely encouraging. In the tradition of Timmins gold deposits, we are seeing that the mineralized system within the porphyry is running to depth and, equally important, is widening as it deepens..." (Press Release LSG, March 31st, 2009). In Melkior's hole TW-08-SH-04 the QFP is located at a vertical depth of 35 metres. Melkior is optimistic that similar to LSG and West Timmins the Carscallen mineralized system can increase in size and grade at depth.

Melkior has so far concentrated on extending the near surface gold bearing structures which have now been traced for approximately 1 kilometre and remain open in length and depth. The gold is consistently related to pyrite mineralization and for this reason IP surveys that specifically detect pyrite are being used to guide the next phase of drilling. The significance of mineralized veinlets in porphyry will also be tested with deeper drilling being planned.

Gold assays were performed at ALS CHEMEX Laboratories in Timmins, Ontario. The processed samples were submitted to a standard Fire Assay with AA technique (Au-AA-23) and Inductively Coupled Plasma Emission Spectroscopy (ME-ICP-41) on a 30 gram sub-sample.

This Press Release was prepared by David Frappier-Rivard, P.Geol., and by Jens E. Hansen, P.Eng, President of Melkior Resources Inc., the Qualified Persons under Section 43-101.

About Melkior

Melkior is a junior exploration company with a portfolio of quality projects in Quebec and at McFaulds and Timmins in Ontario. Melkior has an active exploration program with available cash of approximately $2,500,000.

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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