Melkior Resources Inc.
TSX VENTURE : MKR

Melkior Resources Inc.

December 13, 2006 08:00 ET

Melkior Explores 4 Properties and Updates

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

An exploration program will begin before Christmas on Melkior's 100% owned Timmins West gold property. The property adjoins the holdings of West Timmins Gold Corp and is located 5km west of the Lake Shore Gold Corp Bristol Township gold deposit. During the summer of 2006 prospecting and ground geophysics located 5 gold zones (news releases of July 5, 2006 and October 5, 2006) namely 1010 vein (163.03 g/t), West-Central vein (59.27 g/t), Jowsey occurrence (280.13 g/t), Shenkman trench (6.40 g/t) and Mystery shear (94.57 g/t gold). The present program includes 100 line kilometres of line cutting in addition to 65km completed earlier. The line cutting will be followed by a detailed magnetometer survey.

On the Launay property, 24km of new line cutting has been completed, a magnetometer survey is underway and results from a geochemical survey are being analyzed.

A news release dated November 13, 2006 announced the acquisition of 7,469 hectares in the Otish kimberlite and uranium exploration area. An additional 73 claims totaling 3,860 hectares have been applied in the same area for a total of 11,329 hectares which Melkior considers prospective for uranium and kimberlites.

Melkior has announced a flow-through brokered financing of up to $900,000 (news release of December 8, 2006). This financing will permit Melkior to undertake active mineral exploration on its four properties, Timmins West, Launay, Kenty-Delta Ungava and Otish.

Melkior announces that the Board of directors has decided to dispose of any assets it may have in Ivory Coast as well as in the Democratic Republic of Congo (the "DRC") in favor of 157337 Canada Inc. a 100% company owned by Mr. Jens E. Hansen, president of Melkior. This transfer of assets is for $1.00 and other valuable consideration namely the assumption by 157337 Canada Inc. of any amounts due by the Melkior in connection with its dealing in Ivory Coast as well as in the DRC. Melkior had already stated that these assets were not viewed as strategic and that it did not wish to extend any further resources towards their development.

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

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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