Melkior Resources Inc.
TSX VENTURE : MKR

Melkior Resources Inc.

August 28, 2007 08:58 ET

Melkior Resources Inc.: Work and Results at Delta-Kenty

OTTAWA, ONTARIO--(Marketwire - Aug. 28, 2007) - Melkior Resources Inc. (TSX VENTURE:MKR), is pleased to announce that a detailed, 50 metre spacing, VTEM airborne geophysical survey has been completed on its Delta-Kenty nickel copper property within the Raglan nickel belt of the Ungava region of Quebec. The property is jointly owned 49% by Melkior and 51% by Xstrata Nickel. The survey was flown in conjunction with Goldbrook Ventures Inc. which owns the claims surrounding the Melkior-Xstrata property.

The property consists of 41 claims or 656 hectares and covers a series of historical nickel occurrences labeled D-1 to D-10. A pre-NI43-101 historical resource has been calculated for the Delta-Kenty property using 58 holes drilled in the 1980s. This estimate is currently being re-calculated using the same method as is being used at Raglan.

In 2004 the partners carried out ground geophysics operated by Falconbridge (now Xstrata Nickel) over the D4, D5, D6, D8, D9 and D10 occurrences. The 2004 program included the drilling of two holes totaling 473 metres. The holes were located approximately 500 metres apart on conductors on the D-4 occurrence.

Drill hole D-04-107 targeted an electromagnetic anomaly. It intersected 1.0% nickel and 0.31% copper over 3.5m (28m to 31.5m). Drill hole D-04-108 targeted another electromagnetic anomaly, it intersected 99.77m (45.12m to 144.89m) averaging 0.65% Ni and 0.26% Cu including 12.66m (49.34m to 62m) grading 0.8% Ni and 0.4% Cu. This represents a new target meriting follow-up.

Melkior's share of the cost of the 2004 program operated by Falconbridge was $289,000.

Xstrata Nickel has recently announced an expansion of exploration, mining and milling at its Raglan operations. The current detailed airborne geophysical survey is expected to generate additional exploration targets for nickel-copper on the joint venture property. The partnership with Xstrata Nickel is considered positive in this regard.

Melkior has approximately $4 million in cash and also in guaranteed investment certificates and bankers acceptances averaging 4.2% interest. These funds and Melkior's operations are not affected by the current financial disruptions.

This news release has been prepared by Jens Hansen P. Eng (Eng. Quebec), President of Melkior and a Qualified Person under NI 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 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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