Melkior Resources Inc.
TSX VENTURE : MKR

Melkior Resources Inc.

August 15, 2007 15:30 ET

Melkior Resources Inc.: 30.06 g/t Gold at West Timmins

OTTAWA, ONTARIO--(Marketwire - Aug. 15, 2007) - Melkior Resources Inc. (TSX VENTURE:MKR), has received the first assays from the summer program on the 100% owned West Timmins gold property. This project covers several historical gold occurrences including the Jowsey, Wire Gold, Shenkman, the 1010 and others (NR October 5 2006). The majority consists of pyrite rich quartz veins within the Carlton tonalite intrusion. Wire Gold is hosted in the surrounding mafic volcanics. Melkior has expanded its claim holdings from the original 63 claims to 83 claims by staking. Trenching has extended the known length of the Jowsey vein to 200 metres, it is still open to the north and south. Assay results have been received from a 33 metre section of trenching approximately 50 metres north of the Jowsey Occurence. A total of 16 samples averaging 8.39g/t gold were taken along the vein which varies in width from 4 cm (30.06 g/t gold) to 100cm (12.17 g/t gold) . The lowest assay value was 0.82 g/t and the highest was 30.06g/t. Several samples were taken in the host tonalite adjacent to the veins where margin material assayed 2.9 g/t gold.

A program of mechanical trenching has been completed, geological mapping and sampling of these trenches is underway. The trenches were established on the extensions of the known gold bearing structures and on a series of Induced Polarization (IP) anomalies. A possible source of IP anomalies in this environment is disseminated pyrite which frequently contains important gold values.

The mechanical trenching has extended the known veins. The results from the sampling along with I.P. anomalies will be used to plan drill holes for a drill program to be undertaken later this year.

The assaying was undertaken by Bourlamaque Assay Laboratories of Val d'Or, Quebec using the standard fire assay technique.

The field work and sampling was done by Wade Kornik, geologist. 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 of the company where gold exploration is underway and more claims have been acquired for nickel, copper and gold in Eldorado, Langmuir and adjoining townships. These claims adjoin Liberty Mines Inc and Golden Chalice Resources Inc. In Quebec Melkior owns 49% of the Kenty Delta nickel copper PGE deposits in partnership with Xstrata Nickel, 100% of the Launay gold project and 50% in partnership of the Otish uranium properties with Santoy Resources Ltd. These properties are all being actively explored.

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

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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