Melkior Resources Inc.
TSX VENTURE : MKR

Melkior Resources Inc.

October 09, 2008 11:10 ET

Melkior Project Update

OTTAWA, ONTARIO--(Marketwire - Oct. 9, 2008) - Melkior Resources Inc. ("Melkior") (TSX VENTURE:MKR) is pleased to provide an update on its current exploration activities.

Melkior has approximately $4 million available for its ongoing exploration and administration which management considers adequate for approximately two years.

Project Status:

1. McFauld's East Rim - Nickel. The property transaction has been completed and accepted by the regulatory authorities (NR September 25th, 2008). A MEGATEM survey has been interpreted and VTEM follow-up of interpreted bedrock anomalies has been completed.

2. McFauld's West Rim - Nickel. A MEGATEM survey has been completed and interpretation is underway.

3. Timmins West - Gold. Drilling has been completed. Core logging and sampling is underway.

4. Timmins Loveland - Nickel and Gold. An airborne VTEM survey has been organized and flying is anticipated shortly.

5. Geraldton - Gold. An Aeroquest Limited airborne survey has been completed and ground follow-up is underway.

6. Launay - Gold. Drilling has been completed and a complete geologists report has been received. The report is being evaluated.

7. Delta - Kenty - Nickel and PGE. (49% MKR - 51% Xstrata Nickel). No program has been proposed for three years. Data is being evaluated to plan for a future program.

8. Otish - Molybdenum. An airborne magnetometer-spectrometer survey has been completed and data processing is underway by the contractor.

Melkior has benefited from the availability of funds to advance exploration on all of its 100% owned properties. This will keep the properties in good standing for several years.

Melkior plans to concentrate its immediate exploration on the McFaulds' and Timmins area properties. The other properties are considered valuable assets and will be further explored as timing permits.

This news release was prepared by Jens E. Hansen, P. Eng., President and Director, Melkior Resources Inc., a Qualified Person under NI 43-101.

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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