Melkior Resources Inc.

Melkior Resources Inc.

August 04, 2009 08:00 ET

Melkior Options Henderson Copper Nickel Rights to First Nickel

OTTAWA, ONTARIO--(Marketwire - Aug. 4, 2009) - Melkior Resources Inc., (TSX VENTURE:MKR) has signed an agreement with First Nickel Inc., ("FNI") whereby FNI has the right to earn up to 80% on Melkior's 100% owned Henderson property located in Raglan Township in southeastern Ontario.

FNI can earn 50% by spending $60,000 on exploration. At the 50-50 point Melkior will decide whether or not to participate. If Melkior doesn't participate FNI can earn up to 80% by spending an additional $100,000. At the 80% point Melkior will participate or dilute to a 1.5% NSR Royalty.

FNI is exploring for copper nickel in the region and considers the Henderson property to hold exploration potential for copper-nickel sulphide deposits. Melkior originally staked the property for its uranium potential and Melkior retains a 100% interest in uranium and other radioactive minerals that may be located on the property. Melkior has the right to explore for these minerals at its cost independently of any work by FNI.

At present Melkior is focusing its attention on exploration for gold on its 100% owned Carscallen property in West Timmins and other situations in the Timmins area.

This Press Release was prepared by Jens E. Hansen, P. Eng., President and Director 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 the Timmins area and at McFaulds in Ontario as well as in Launay Quebec.

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.

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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